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Guarantor Financial Statements (Unaudited) (Tables) | 3 Months Ended
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Mar. 31, 2014
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 2 |  |  | $ | 1,340 |  |  | $ | — |  |  | $ | 1,342 |
Accounts receivable | 22 |  |  | 324 |  |  | 2,088 |  |  | (57 | ) |  | 2,377 |
Other current assets | 102 |  |  | 107 |  |  | 5,502 |  |  | — |  |  | 5,711 |
Total current assets | 124 |  |  | 433 |  |  | 8,930 |  |  | (57 | ) |  | 9,430 |
Property, plant, equipment and mining development costs, net | 26 |  |  | 45 |  |  | 24,658 |  |  | — |  |  | 24,729 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization | — |  |  | 6,331 |  |  | 6,223 |  |  | 8 |  |  | 12,562 |
Not subject to amortization | — |  |  | 2,524 |  |  | 8,251 |  |  | — |  |  | 10,775 |
Investments in consolidated subsidiaries | 31,628 |  |  | 9,939 |  |  | 12,680 |  |  | (54,247 | ) |  | — |
Goodwill | — |  |  | 437 |  |  | 1,479 |  |  | — |  |  | 1,916 |
Other assets | 7,478 |  |  | 4,687 |  |  | 4,293 |  |  | (12,027 | ) |  | 4,431 |
Total assets | $ | 39,256 |  |  | $ | 24,396 |  |  | $ | 66,514 |  |  | $ | (66,323 | ) |  | $ | 63,843 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,244 |  |  | $ | 879 |  |  | $ | 3,317 |  |  | $ | (57 | ) |  | $ | 5,383 |
Long-term debt, less current portion | 12,585 |  |  | 6,967 |  |  | 8,809 |  |  | (8,602 | ) |  | 19,759 |
Deferred income taxes | 4,246 |  | a | — |  |  | 3,258 |  |  | — |  |  | 7,504 |
Environmental and asset retirement obligations, less current portion | — |  |  | 305 |  |  | 2,971 |  |  | — |  |  | 3,276 |
Other liabilities | 31 |  |  | 3,409 |  |  | 1,680 |  |  | (3,425 | ) |  | 1,695 |
Total liabilities | 18,106 |  |  | 11,560 |  |  | 20,035 |  |  | (12,084 | ) |  | 37,617 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 743 |  |  | — |  |  | 743 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 21,150 |  |  | 12,836 |  |  | 41,864 |  |  | (54,700 | ) |  | 21,150 |
Noncontrolling interests | — |  |  | — |  |  | 3,872 |  |  | 461 |  |  | 4,333 |
Total equity | 21,150 |  |  | 12,836 |  |  | 45,736 |  |  | (54,239 | ) |  | 25,483 |
Total liabilities and equity | $ | 39,256 |  |  | $ | 24,396 |  |  | $ | 66,514 |  |  | $ | (66,323 | ) |  | $ | 63,843 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2013
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | — |  |  | $ | 1,985 |  |  | $ | — |  |  | $ | 1,985 |
Accounts receivable | 855 |  |  | 659 |  |  | 2,258 |  |  | (1,210 | ) |  | 2,562 |
Other current assets | 114 |  |  | 38 |  |  | 5,273 |  |  | — |  |  | 5,425 |
Total current assets | 969 |  |  | 697 |  |  | 9,516 |  |  | (1,210 | ) |  | 9,972 |
Property, plant, equipment and mining development costs, net | 27 |  |  | 43 |  |  | 23,972 |  |  | — |  |  | 24,042 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization | — |  |  | 6,207 |  |  | 6,265 |  |  | — |  |  | 12,472 |
Not subject to amortization | — |  |  | 2,649 |  |  | 8,238 |  |  | — |  |  | 10,887 |
Investment in consolidated subsidiaries | 31,162 |  |  | 9,712 |  |  | 12,468 |  |  | (53,342 | ) |  | — |
Goodwill | — |  |  | 437 |  |  | 1,479 |  |  | — |  |  | 1,916 |
Other assets | 7,126 |  |  | 4,640 |  |  | 4,128 |  |  | (11,710 | ) |  | 4,184 |
Total assets | $ | 39,284 |  |  | $ | 24,385 |  |  | $ | 66,066 |  |  | $ | (66,262 | ) |  | $ | 63,473 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,003 |  |  | $ | 758 |  |  | $ | 4,222 |  |  | $ | (1,210 | ) |  | $ | 4,773 |
Long-term debt, less current portion | 13,184 |  |  | 7,199 |  |  | 8,056 |  |  | (8,045 | ) |  | 20,394 |
Deferred income taxes | 4,137 |  | a | — |  |  | 3,273 |  |  | — |  |  | 7,410 |
Environmental and asset retirement obligations, less current portion | — |  |  | 301 |  |  | 2,958 |  |  | — |  |  | 3,259 |
Other liabilities | 26 |  |  | 3,436 |  |  | 1,893 |  |  | (3,665 | ) |  | 1,690 |
Total liabilities | 18,350 |  |  | 11,694 |  |  | 20,402 |  |  | (12,920 | ) |  | 37,526 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 716 |  |  | — |  |  | 716 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 20,934 |  |  | 12,691 |  |  | 41,100 |  |  | (53,791 | ) |  | 20,934 |
Noncontrolling interests | — |  |  | — |  |  | 3,848 |  |  | 449 |  |  | 4,297 |
Total equity | 20,934 |  |  | 12,691 |  |  | 44,948 |  |  | (53,342 | ) |  | 25,231 |
Total liabilities and equity | $ | 39,284 |  |  | $ | 24,385 |  |  | $ | 66,066 |  |  | $ | (66,262 | ) |  | $ | 63,473 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
Condensed Consolidating Statements of Income [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Three Months Ended March 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 644 |  |  | $ | 4,341 |  |  | $ | — |  |  | $ | 4,985 |
Total costs and expenses | 11 |  |  | 526 |  |  | 3,339 |  |  | (2 | ) |  | 3,874 |
Operating (loss) income | (11 | ) |  | 118 |  |  | 1,002 |  |  | 2 |  |  | 1,111 |
Interest expense, net | (82 | ) |  | (41 | ) |  | (58 | ) |  | 20 |  |  | (161 | )
Other income (expense), net | 20 |  |  | — |  |  | 33 |  |  | (20 | ) |  | 33 |
Provision for income taxes | (21 | ) |  | (43 | ) |  | (292 | ) |  | (1 | ) |  | (357 | )
Equity in affiliated companies' net earnings (losses) | 604 |  |  | 130 |  |  | 185 |  |  | (919 | ) |  | — |
Net income (loss) | 510 |  |  | 164 |  |  | 870 |  |  | (918 | ) |  | 626 |
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (111 | ) |  | (5 | ) |  | (116 | )
Net income (loss) attributable to FCX common stockholders | $ | 510 |  |  | $ | 164 |  |  | $ | 759 |  |  | $ | (923 | ) |  | $ | 510 |
Other comprehensive income | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Total comprehensive income (loss) | $ | 510 |  |  | $ | 164 |  |  | $ | 762 |  |  | $ | (923 | ) |  | $ | 513 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 510 |  |  | $ | 164 |  |  | $ | 870 |  |  | $ | (918 | ) |  | $ | 626 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 1 |  |  | 285 |  |  | 682 |  |  | (2 | ) |  | 966 |
Net losses on crude oil and natural gas derivative contracts | — |  |  | 50 |  |  | — |  |  | — |  |  | 50 |
Equity in (earnings) losses of consolidated subsidiaries | (604 | ) |  | (130 | ) |  | (185 | ) |  | 919 |  |  | — |
Other, net | 134 |  |  | (9 | ) |  | (140 | ) |  | (13 | ) |  | (28 | )
(Increases) decreases in working capital and changes in other tax payments, excluding amounts from acquisition | (234 | ) |  | 339 |  |  | (518 | ) |  | — |  |  | (413 | )
Net cash (used in) provided by operating activities | (193 | ) |  | 699 |  |  | 709 |  |  | (14 | ) |  | 1,201 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (335 | ) |  | (1,277 | ) |  | — |  |  | (1,612 | )
Intercompany loans | 190 |  |  | (43 | ) |  | — |  |  | (147 | ) |  | — |
Investment in consolidated subsidiary | 212 |  |  | (96 | ) |  | (430 | ) |  | 314 |  |  | — |
Other, net | — |  |  | 4 |  |  | 3 |  |  | — |  |  | 7 |
Net cash provided by (used in) investing activities | 402 |  |  | (470 | ) |  | (1,704 | ) |  | 167 |  |  | (1,605 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 895 |  |  | — |  |  | 254 |  |  | — |  |  | 1,149 |
Repayments of debt | (780 | ) |  | — |  |  | (207 | ) |  | — |  |  | (987 | )
Intercompany loans | — |  |  | (213 | ) |  | 66 |  |  | 147 |  |  | — |
Cash dividends and distributions paid | (326 | ) |  | (14 | ) |  | 237 |  |  | (300 | ) |  | (403 | )
Other, net | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net cash (used in) provided by financing activities | (209 | ) |  | (227 | ) |  | 350 |  |  | (153 | ) |  | (239 | )
Net increase (decrease) in cash and cash equivalents | — |  |  | 2 |  |  | (645 | ) |  | — |  |  | (643 | )
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 1,985 |  |  | — |  |  | 1,985 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 2 |  |  | $ | 1,340 |  |  | $ | — |  |  | $ | 1,342 |

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