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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flow from operating activities:    
Net income $ 1,286 $ 1,434
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,979 859
Net losses on crude oil and natural gas derivative contracts 120 35
Gain on investment in McMoRan Exploration Co. (MMR) 0 (128)
Stock-based compensation 69 65
Pension plans contributions (28) (42)
Net charges for environmental and asset retirement obligations, including accretion 97 73
Payments for environmental and asset retirement obligations (96) (91)
Net (gain) loss on early extinguishment of debt (5) 45
Deferred income taxes 37 43
Increase in long-term mill and leach stockpiles (131) (236)
Other, net 36 3
(Increases) decreases in working capital and changes in other tax payments, excluding amounts from acquisitions:    
Accounts receivable (243) 350
Inventories (230) (160)
Other current assets 35 58
Accounts payable and accrued liabilities (186) (371)
Accrued income taxes and other tax payments (153) (72)
Net cash provided by operating activities 2,587 1,865
Capital expenditures:    
North America copper mines (627) (543)
South America (839) (470)
Indonesia (479) (511)
Africa (60) (103)
Molybdenum mines (33) (82)
U.S. oil and gas operations (1,484) (190)
Other (40) (79)
Acquistion of Deepwater Gulf of Mexico interests (925) 0
Acquisition of Plains Exploration & Production Company, net of cash acquired 0 (3,465)
Acquisition of MMR, net of cash acquired 0 (1,628)
Acquisition of cobalt chemical business, net of cash acquired 0 (321)
Net proceeds from sale of Eagle Ford shale assets 3,009 0
Restricted cash and other, net (363) (264)
Net cash used in investing activities (1,841) (7,656)
Cash flow from financing activities:    
Proceeds from debt 1,248 11,021
Repayments of debt (1,611) (4,541)
Redemption of MMR preferred stock 0 (202)
Cash dividends and distributions paid:    
Common stock (653) (595)
Noncontrolling interests (250) (90)
Contributions from noncontrolling interests 24 0
Debt financing costs (34) (111)
Stock-based awards net proceeds (payments), including excess tax benefit 3 (102)
Net cash (used in) provided by financing activities (1,273) 5,380
Net decrease in cash and cash equivalents (527) (411)
Cash and cash equivalents at beginning of year 1,985 3,705
Cash and cash equivalents at end of period $ 1,458 $ 3,294