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Acquisitions (Unaudited) (Tables) | 6 Months Ended
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Jun. 30, 2013
Acquisitions [Abstract] |
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block] | Following is a summary of the $6.6 billion purchase price for PXP (in millions, except the exchange ratio and closing share price):
Number of shares of PXP common stock acquired | 132.280 |  | a
Exchange ratio of FCX common stock for each PXP share | 0.6531 |  |
| 86.392 |  |
Shares of FCX common stock issued for certain PXP equity awards | 4.769 |  |
Total shares of FCX common stock issued | 91.161 |  |
Closing share price of FCX common stock at May 31, 2013 | $ | 31.05 |  |
FCX stock consideration | $ | 2,831 |  |
Cash consideration | 3,725 |  | b
Employee stock-based awards, primarily cash-settled in stock-based awards | 78 |  |
Total purchase price | $ | 6,634 |  |
a. | Adjusted for cash paid in lieu of fractional shares.
b. | Cash consideration includes the payment of $25.00 in cash for each PXP share ($3.3 billion), cash paid in lieu of any fractional shares of FCX common stock, cash paid for certain equity awards ($7 million), and the value of the $3 per share PXP special cash dividend ($411 million) paid on May 31, 2013.
Following is a summary of the $3.1 billion purchase price for MMR (in millions, except the closing share price):
Number of shares of MMR common stock acquired | 112.362 |  | a
Cash consideration of $14.75 per share | $ | 14.75 |  |
Cash consideration paid by FCX | $ | 1,657 |  |
Employee stock-based awards | 63 |  |
Total | 1,720 |  |
Fair value of FCX's investment in 51 million shares of MMR common stock acquired on |  |
May 31, 2013, through the acquisition of PXP | 854 |  |
Fair value of FCX's investment in MMR's 5.75% Convertible Perpetual Preferred Stock, Series 2 | 554 |  |
Total purchase price | $ | 3,128 |  |
a. Excluded 51 million shares of MMR common stock owned by FCX through its acquisition of PXP on May 31, 2013.
Business Acquisition, Pro Forma Information [Table Text Block] | The historical consolidated financial information has been adjusted to reflect factually supportable items that are directly attributable to the acquisitions.
| Three Months Ended |  | Six Months Ended |
| June 30, |  | June 30, |
| 2013 |  | 2012 |  | 2013 |  | 2012 |
| (in millions, except per share amounts) |
Revenues | $ | 5,330 |  |  | $ | 5,842 |  |  | $ | 11,025 |  |  | $ | 11,549 |  |
Operating income | 1,330 |  |  | 1,928 |  |  | 2,987 |  |  | 3,506 |  |
Income from continuing operations | 818 |  |  | 1,440 |  |  | 1,803 |  |  | 2,263 |  |
Net income attributable to FCX common stockholders | 681 |  |  | 1,247 |  |  | 1,481 |  |  | 1,824 |  |
Net income per share attributable to FCX common stockholders: |  |  |  |  |  |  |  |
Basic | $ | 0.65 |  |  | $ | 1.20 |  |  | $ | 1.42 |  |  | $ | 1.75 |  |
Diluted | 0.65 |  |  | 1.19 |  |  | 1.42 |  |  | 1.75 |  |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the preliminary purchase price allocations for PXP and MMR (in millions):
| PXP |  | MMR |  | Eliminations |  | Total
Current assets | $ | 1,010 |  |  | $ | 96 |  |  | $ | — |  |  | $ | 1,106 |
Oil and natural gas properties - full cost method: |  |  |  |  |  |  |
Subject to depletion | 11,447 |  |  | 801 |  |  | — |  |  | 12,248 |
Not subject to depletion | 9,635 |  |  | 1,692 |  |  | — |  |  | 11,327 |
Property, plant and equipment | 261 |  |  | 1 |  |  | — |  |  | 262 |
Investment in MMR a | 848 |  |  | — |  |  | (848 | ) |  | — |
Other assets | 12 |  |  | 399 |  |  | — |  |  | 411 |
Current liabilities | (915 | ) |  | (174 | ) |  | — |  |  | (1,089 | )
Debt (current and long-term) | (10,630 | ) |  | (620 | ) |  | — |  |  | (11,250 | )
Deferred income taxes b | (3,871 | ) |  | — |  |  | — |  |  | (3,871 | )
Other long-term liabilities | (868 | ) |  | (258 | ) |  | — |  |  | (1,126 | )
Redeemable noncontrolling interest | (749 | ) |  | (259 | ) |  | — |  |  | (1,008 | )
Total fair value, excluding goodwill | 6,180 |  |  | 1,678 |  |  | (848 | ) |  | 7,010 |
Goodwill c | 454 |  |  | 1,450 |  |  | — |  |  | 1,904 |
Total purchase price | $ | 6,634 |  |  | $ | 3,128 |  |  | $ | (848 | ) |  | $ | 8,914 |
a. | PXP owned 51 million shares of MMR common stock, which was eliminated in FCX's condensed consolidated balance sheet at June 30, 2013.
b. | Deferred income taxes have been recognized based on the estimated fair value adjustments to net assets using a 38 percent tax rate, which reflected the 35 percent federal statutory rate and a 3 percent weighted-average of the applicable statutory state tax rates (net of federal benefit).
c. | The final valuation of assets acquired, liabilities assumed and noncontrolling interest is not complete and the net adjustments to those values may result in changes to goodwill and other carrying amounts initially assigned to the assets, liabilities and noncontrolling interest based on the preliminary fair value analysis.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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