XML 21 R39.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Instruments (Unaudited) Unsettled Derivatives (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Derivatives, Fair Value [Line Items]    
Paid to brokers associated with margin requirements $ 1 $ 1
Derivative Asset 62 59
Derivative Liability 317 320
Trade Accounts Receivable [Member]
    
Derivatives, Fair Value [Line Items]    
Derivative Asset 55 53
Derivative Liability 0 0
Other Current Assets [Member]
    
Derivatives, Fair Value [Line Items]    
Derivative Asset 7 6
Derivative Liability 0 0
Accounts Payable and Accrued Liabilities [Member]
    
Derivatives, Fair Value [Line Items]    
Derivative Asset 0 0
Derivative Liability 232 205
Other Liabilities [Member]
    
Derivatives, Fair Value [Line Items]    
Derivative Asset 0 0
Derivative Liability 85 115
Commodity Contract [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Asset position 63 69
Liability position 318 330
Derivative Asset, Fair Value, Gross Liability 1 10
Derivative Liability, Fair Value, Gross Asset 1 10
Derivative Asset 62 59
Derivative Liability 317 320
Commodity Contract [Member] | Copper Derivatives [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Asset position 8 6
Liability position 1 1
Derivative Asset, Fair Value, Gross Liability 1 0
Derivative Liability, Fair Value, Gross Asset 1 0
Derivative Asset 7 6
Derivative Liability 0 1
Commodity Contract [Member] | Copper futures and swap contracts [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Asset position 6 [1] 6 [1]
Liability position 1 [1] 0 [1]
Commodity Contract [Member] | Copper forward contracts [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Asset position 2 0
Liability position 0 1
Commodity Contract [Member] | Embedded derivatives in provisional sales/purchases contracts [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Asset position 55 63
Liability position 12 16
Derivative Asset, Fair Value, Gross Liability 0 10
Derivative Liability, Fair Value, Gross Asset 0 10
Derivative Asset 55 53
Derivative Liability 12 6
Commodity Contract [Member] | Natural gas swaps [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Liability position 7 4
Commodity Contract [Member] | Crude Oil and Natural Gas Derivatives [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Asset position 0 0
Liability position 305 313
Derivative Asset, Fair Value, Gross Liability 0 0
Derivative Liability, Fair Value, Gross Asset 0 0
Derivative Asset 0 0
Derivative Liability 305 313
Crude Oil Options [Member] | Embedded derivatives in provisional sales/purchases contracts [Member] | Derivatives not designated as hedging instruments
    
Derivatives, Fair Value [Line Items]    
Liability position 298 [2] 309 [2]
Deferred Option Premiums and Accrued Interest [Member]
    
Derivatives, Fair Value [Line Items]    
Derivative Liability $ 329 $ 444
[1] FCX paid $1 million to brokers at June 30, 2014, and at December 31, 2013, for margin requirements (recorded in other current assets).
[2] Included $329 million at June 30, 2014, and $444 million at December 31, 2013, for deferred premiums and accrued interest.