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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Earnings Per Share) (Details) (USD $)
In Millions, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]                      
Net income $ 959 [1] $ 1,048 $ 610 [1] $ 824 $ 945 $ 1,140 [2] $ 894 $ 1,001 $ 3,441 [1] $ 3,980 [2] $ 5,747
Net income attributable to noncontrolling interests                 (761) (939) (1,187)
Preferred dividends on redeemable noncontrolling interest                 (22) 0 0
Net income attributable to FCX common stockholders $ 707 [1],[3],[4],[5],[6] $ 821 [4],[5] $ 482 [1],[3],[4],[5],[7] $ 648 [3],[4] $ 743 [8],[9] $ 824 [2] $ 710 $ 764 [10] $ 2,658 [1],[3],[4],[5],[6],[7] $ 3,041 [10],[2],[8],[9] $ 4,560
Weighted-average shares of common stock outstanding (in shares)                 1,002,000,000 949,000,000 947,000,000
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (millions)                 4,000,000 [11] 5,000,000 [11] 8,000,000 [11]
Weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share (in shares)                 1,006,000,000 954,000,000 955,000,000
Diluted net income per share attributable to FCX common stockholders (in dollars per share) $ 0.68 [1],[3],[4],[5],[6] $ 0.79 [4],[5] $ 0.49 [1],[3],[4],[5],[7] $ 0.68 [3],[4] $ 0.78 [8],[9] $ 0.86 [2] $ 0.74 $ 0.80 [10] $ 2.64 [1],[3],[4],[5],[6],[7] $ 3.19 [10],[2],[8],[9] $ 4.78
Potential anti-dilutive additional shares of common stock from stock options and restricted stock units                 1,000,000 1,000,000 2,000,000
Outstanding stock options with exercise prices greater than average market price of common stock (in shares)                 30,000,000 17,000,000 4,000,000
Weighted-average exercise price of stock options excluded (in dollars per share)                 $ 40.23 $ 44.73 $ 53.91
[1] Included a net tax benefit of $183 million ($0.19 per share) in the second quarter, $16 million ($0.01 per share) in the fourth quarter and $199 million ($0.20 per share) for the year associated with net reductions in FCX's deferred tax liabilities and deferred tax asset valuation allowances related to the acquisitions of PXP and MMR.
[2] Included a net tax benefit of $208 million ($108 million attributable to noncontrolling interests and $100 million to net income attributable to FCX common stockholders or $0.11 per share) in the third quarter and $205 million ($107 million attributable to noncontrolling interests and $98 million to net income attributable to FCX common stockholders or $0.11 per share) for the year associated with adjustments to Cerro Verde's deferred income taxes. Refer to Note 11 for further discussion.
[3] Included net losses (gains) on early extinguishment of debt totaling $40 million ($0.04 per share) in the first quarter, $(5) million ($(0.01) per share) in the second quarter for an adjustment related to taxes on the first quarter losses, $(7) million ($(0.01) per share) in the fourth quarter and $28 million ($0.03 per share) for the year. Refer to Note 8 for further discussion.
[4] Included charges of $14 million ($10 million to net income attributable to FCX common stockholders or $0.01 per share) in the first quarter, $61 million ($36 million to net income attributable to FCX common stockholders or $0.04 per share) in the second quarter, $1 million ($1 million to net income attributable to FCX common stockholders) in the third quarter, $4 million ($3 million to net income attributable to FCX common stockholders) in the fourth quarter and $80 million ($50 million to net income attributable to FCX common stockholders or $0.05 per share) for the year for transaction and related costs principally associated with the acquisitions of PXP and MMR.
[5] Included charges of $36 million ($23 million to net income attributable to FCX common stockholders or $0.02 per share) in the second quarter, $158 million ($98 million to net income attributable to FCX common stockholders or $0.09 per share) in the third quarter, $118 million ($73 million to net income attributable to FCX common stockholders or $0.07 per share) in the fourth quarter and $312 million ($194 million to net income attributable to FCX common stockholders or $0.19 per share) for the year 2013 (reflecting the seven-month period from June 1, 2013, to December 31, 2013) for net unrealized and noncash realized losses on crude oil and natural gas derivative contracts.
[6] Included charges in the fourth quarter and for the year of (i) $76 million ($49 million to net income attributable to FCX common stockholders or $0.05 per share) associated with updated mine plans at Morenci that resulted in a loss in recoverable copper in leach stockpiles, (ii) $37 million ($23 million to net income attributable to FCX common stockholders or $0.02 per share) associated with the restructuring of an executive employment arrangement and (iii) $36 million ($13 million to net income attributable to FCX common stockholders or $0.01 per share) associated with a new labor agreement at Cerro Verde.
[7] Included a gain of $128 million ($0.13 per share) in the second quarter and for the year primarily related to FCX's preferred stock investment in and the subsequent acquisition of MMR.
[8] Included a gain of $59 million ($31 million to net income attributable to FCX common stockholders or $0.03 per share) in the fourth quarter and for the year for the settlement of the insurance claim for business interruption and property damage relating to the 2011 incidents affecting PT-FI's concentrate pipelines. Refer to Note 12 for further discussion.
[9] Included a charge of $16 million ($8 million to net income attributable to FCX common stockholders or $0.01 per share) in the fourth quarter and for the year associated with a labor agreement at Candelaria. Also included charges of $9 million ($7 million to net income attributable to FCX common stockholders or $0.01 per share) for costs associated with the PXP and MMR transactions.
[10] Included losses on early extinguishment of debt totaling $149 million ($0.16 per share) in the first quarter and for the year. Refer to Note 8 for further discussion.
[11] Excluded shares of common stock associated with outstanding stock options with exercise prices less than the average market price of FCX's common stock that were anti-dilutive based on the treasury stock method totaled approximately one million for the years ended December 31, 2013 and 2012, and two million for the year ended December 31, 2011.