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GUARANTOR FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2014
Guarantor Financial Statements [Abstract] |
Condensed Balance Sheet [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 1 |  |  | $ | 463 |  |  | $ | — |  |  | $ | 464 |
Accounts receivable | 234 |  |  | 2,230 |  |  | 2,671 |  |  | (2,572 | ) |  | 2,563 |
Other current assets | 89 |  |  | 404 |  |  | 5,525 |  |  | — |  |  | 6,018 |
Total current assets | 323 |  |  | 2,635 |  |  | 8,659 |  |  | (2,572 | ) |  | 9,045 |
Property, plant, equipment and mining development costs, net | 22 |  |  | 46 |  |  | 26,152 |  |  | — |  |  | 26,220 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization | — |  |  | 3,296 |  |  | 5,907 |  |  | (16 | ) |  | 9,187 |
Not subject to amortization | — |  |  | 2,447 |  |  | 7,640 |  |  | — |  |  | 10,087 |
Investments in consolidated subsidiaries | 28,765 |  |  | 6,460 |  |  | 10,246 |  |  | (45,471 | ) |  | — |
Other assets | 9,012 |  |  | 3,947 |  |  | 4,084 |  |  | (12,787 | ) |  | 4,256 |
Total assets | $ | 38,122 |  |  | $ | 18,831 |  |  | $ | 62,688 |  |  | $ | (60,846 | ) |  | $ | 58,795 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,592 |  |  | $ | 560 |  |  | $ | 5,592 |  |  | $ | (2,572 | ) |  | $ | 5,172 |
Long-term debt, less current portion | 15,028 |  |  | 3,874 |  |  | 8,902 |  |  | (9,312 | ) |  | 18,492 |
Deferred income taxes | 3,161 |  | a | — |  |  | 3,237 |  |  | — |  |  | 6,398 |
Environmental and asset retirement obligations, less current portion | — |  |  | 302 |  |  | 3,345 |  |  | — |  |  | 3,647 |
Other liabilities | 54 |  |  | 3,372 |  |  | 1,910 |  |  | (3,475 | ) |  | 1,861 |
Total liabilities | 19,835 |  |  | 8,108 |  |  | 22,986 |  |  | (15,359 | ) |  | 35,570 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 751 |  |  | — |  |  | 751 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 18,287 |  |  | 10,723 |  |  | 35,268 |  |  | (45,991 | ) |  | 18,287 |
Noncontrolling interests | — |  |  | — |  |  | 3,683 |  |  | 504 |  |  | 4,187 |
Total equity | 18,287 |  |  | 10,723 |  |  | 38,951 |  |  | (45,487 | ) |  | 22,474 |
Total liabilities and equity | $ | 38,122 |  |  | $ | 18,831 |  |  | $ | 62,688 |  |  | $ | (60,846 | ) |  | $ | 58,795 |
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 Income Statement [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 2,356 |  |  | $ | 19,082 |  |  | $ | — |  |  | 21,438 |
Total costs and expenses | 59 |  |  | 3,498 |  | a | 17,762 |  | a | 22 |  |  | 21,341 |
Operating (loss) income | (59 | ) |  | (1,142 | ) |  | 1,320 |  |  | (22 | ) |  | 97 |
Interest expense, net | (382 | ) |  | (139 | ) |  | (189 | ) |  | 80 |  |  | (630 | )
Net (loss) gain on early extinguishment of debt | (5 | ) |  | 78 |  |  | — |  |  | — |  |  | 73 |
Other income (expense), net | 72 |  |  | 3 |  |  | 41 |  |  | (80 | ) |  | 36 |
(Loss) income before income taxes and equity in affiliated companies' net (losses) earnings | (374 | ) |  | (1,200 | ) |  | 1,172 |  |  | (22 | ) |  | (424 | )
Benefit from (provision for) income taxes | 73 |  |  | 281 |  |  | (686 | ) |  | 8 |  |  | (324 | )
Equity in affiliated companies' net (losses) earnings | (1,007 | ) |  | (3,429 | ) |  | (4,633 | ) |  | 9,072 |  |  | 3 |
Net (loss) income | (1,308 | ) |  | (4,348 | ) |  | (4,147 | ) |  | 9,058 |  |  | (745 | )
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (519 | ) |  | (44 | ) |  | (563 | )
Net (loss) income attributable to FCX common stockholders | $ | (1,308 | ) |  | $ | (4,348 | ) |  | $ | (4,666 | ) |  | $ | 9,014 |  |  | $ | (1,308 | )
Other comprehensive loss | — |  |  | — |  |  | (139 | ) |  | — |  |  | (139 | )
Total comprehensive (loss) income | $ | (1,308 | ) |  | $ | (4,348 | ) |  | $ | (4,805 | ) |  | $ | 9,014 |  |  | $ | (1,447 | )
a. | Includes impairment charges totaling $1.9 billion at the FM O&G LLC Guarantor and $3.5 billion at the non-guarantor subsidiaries related to ceiling test impairment charges for FCX's oil and gas properties pursuant to full cost accounting rules and a goodwill impairment charge.
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 1,177 |  |  | $ | 19,744 |  |  | $ | — |  |  | $ | 20,921 |
Total costs and expenses | 134 |  |  | 1,065 |  |  | 14,371 |  |  | — |  |  | 15,570 |
Operating (loss) income | (134 | ) |  | 112 |  |  | 5,373 |  |  | — |  |  | 5,351 |
Interest expense, net | (319 | ) |  | (129 | ) |  | (129 | ) |  | 59 |  |  | (518 | )
Net (loss) gain on early extinguishment of debt | (45 | ) |  | — |  |  | 10 |  |  | — |  |  | (35 | )
Gain on investment in MMR | 128 |  |  | — |  |  | — |  |  | — |  |  | 128 |
Other income (expense), net | 61 |  |  | — |  |  | (15 | ) |  | (59 | ) |  | (13 | )
(Loss) income before income taxes and equity in affiliated companies' net earnings (losses) | (309 | ) |  | (17 | ) |  | 5,239 |  |  | — |  |  | 4,913 |
Benefit from (provision for) income taxes | 81 |  |  | 17 |  |  | (1,573 | ) |  | — |  |  | (1,475 | )
Equity in affiliated companies' net earnings (losses) | 2,886 |  |  | 281 |  |  | 268 |  |  | (3,432 | ) |  | 3 |
Net income (loss) | 2,658 |  |  | 281 |  |  | 3,934 |  |  | (3,432 | ) |  | 3,441 |
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (706 | ) |  | (77 | ) |  | (783 | )
Net income (loss) attributable to FCX common stockholders | $ | 2,658 |  |  | $ | 281 |  |  | $ | 3,228 |  |  | $ | (3,509 | ) |  | $ | 2,658 |
Other comprehensive income | — |  |  | — |  |  | 101 |  |  | — |  |  | 101 |
Total comprehensive income (loss) | $ | 2,658 |  |  | $ | 281 |  |  | $ | 3,329 |  |  | $ | (3,509 | ) |  | $ | 2,759 |
Condensed Cash Flow Statement [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (1,308 | ) |  | $ | (4,348 | ) |  | $ | (4,147 | ) |  | $ | 9,058 |  |  | $ | (745 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 4 |  |  | 806 |  |  | 3,077 |  |  | (24 | ) |  | 3,863 |
Impairment of oil and gas properties and goodwill | — |  |  | 1,922 |  |  | 3,486 |  |  | 46 |  |  | 5,454 |
Net gains on crude oil and natural gas derivative contracts | — |  |  | (504 | ) |  | — |  |  | — |  |  | (504 | )
Equity in (earnings) losses of consolidated subsidiaries | 1,007 |  |  | 3,429 |  |  | 4,633 |  |  | (9,072 | ) |  | (3 | )
Other, net | (882 | ) |  | (113 | ) |  | (807 | ) |  | — |  |  | (1,802 | )
Decreases (increases) in working capital and changes in other tax payments, excluding amounts from dispositions | 723 |  |  | (1,750 | ) |  | 395 |  |  | — |  |  | (632 | )
Net cash (used in) provided by operating activities | (456 | ) |  | (558 | ) |  | 6,637 |  |  | 8 |  |  | 5,631 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,143 | ) |  | (5,072 | ) |  | — |  |  | (7,215 | )
Acquisition of Deepwater GOM interests | — |  |  | — |  |  | (1,426 | ) |  | — |  |  | (1,426 | )
Intercompany loans | (1,328 | ) |  | 704 |  |  | — |  |  | 624 |  |  | — |
Dividend from (investment in) consolidated subsidiary | 1,221 |  |  | (130 | ) |  | (2,408 | ) |  | 1,317 |  |  | — |
Net proceeds from sale of Candelaria and Ojos del Salado | — |  |  | — |  |  | 1,709 |  |  | — |  |  | 1,709 |
Net proceeds from sale of Eagle Ford shale assets | — |  |  | 2,910 |  |  | — |  |  | — |  |  | 2,910 |
Other, net | — |  |  | 41 |  |  | 180 |  |  | — |  |  | 221 |
Net cash (used in) provided by investing activities | (107 | ) |  | 1,382 |  |  | (7,017 | ) |  | 1,941 |  |  | (3,801 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 7,464 |  |  | — |  |  | 1,246 |  |  | — |  |  | 8,710 |
Repayments of debt | (5,575 | ) |  | (3,994 | ) |  | (737 | ) |  | — |  |  | (10,306 | )
Intercompany loans | — |  |  | 810 |  |  | (186 | ) |  | (624 | ) |  | — |
Cash dividends and distributions paid, and contributions received | (1,305 | ) |  | 2,364 |  |  | (1,463 | ) |  | (1,325 | ) |  | (1,729 | )
Other, net | (21 | ) |  | (3 | ) |  | (2 | ) |  | — |  |  | (26 | )
Net cash provided by (used in) financing activities | 563 |  |  | (823 | ) |  | (1,142 | ) |  | (1,949 | ) |  | (3,351 | )
Net increase (decrease) in cash and cash equivalents | — |  |  | 1 |  |  | (1,522 | ) |  | — |  |  | (1,521 | )
Cash and cash equivalents at beginning of year | — |  |  | — |  |  | 1,985 |  |  | — |  |  | 1,985 |
Cash and cash equivalents at end of year | $ | — |  |  | $ | 1 |  |  | $ | 463 |  |  | $ | — |  |  | $ | 464 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2013
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 2,658 |  |  | $ | 281 |  |  | $ | 3,934 |  |  | $ | (3,432 | ) |  | $ | 3,441 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 4 |  |  | 616 |  |  | 2,177 |  |  | — |  |  | 2,797 |
Net losses on crude oil and natural gas derivative contracts | — |  |  | 334 |  |  | — |  |  | — |  |  | 334 |
Gain on investment in MMR | (128 | ) |  | — |  |  | — |  |  | — |  |  | (128 | )
Equity in (earnings) losses of consolidated subsidiaries | (2,886 | ) |  | (281 | ) |  | (265 | ) |  | 3,432 |  |  | — |
Other, net | 8 |  |  | (14 | ) |  | 78 |  |  | — |  |  | 72 |
Decreases (increases) in working capital and changes in other tax payments, excluding amounts from acquisitions and dispositions | 272 |  |  | 735 |  |  | (1,384 | ) |  | — |  |  | (377 | )
Net cash (used in) provided by operating activities | (72 | ) |  | 1,671 |  |  | 4,540 |  |  | — |  |  | 6,139 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (894 | ) |  | (4,392 | ) |  | — |  |  | (5,286 | )
Acquisitions, net of cash acquired | (5,437 | ) |  | — |  |  | (4 | ) |  | — |  |  | (5,441 | )
Intercompany loans | 834 |  |  | — |  |  | (162 | ) |  | (672 | ) |  | — |
Dividend from (investment in) consolidated subsidiary | 629 |  |  | — |  |  | — |  |  | (629 | ) |  | — |
Other, net | 15 |  |  | 30 |  |  | (226 | ) |  | — |  |  | (181 | )
Net cash used in investing activities | (3,959 | ) |  | (864 | ) |  | (4,784 | ) |  | (1,301 | ) |  | (10,908 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 11,260 |  |  | — |  |  | 241 |  |  | — |  |  | 11,501 |
Repayments of debt and redemption of MMR preferred stock | (4,737 | ) |  | (416 | ) |  | (551 | ) |  | — |  |  | (5,704 | )
Intercompany loans | — |  |  | (391 | ) |  | (281 | ) |  | 672 |  |  | — |
Cash dividends and distributions paid | (2,281 | ) |  | — |  |  | (885 | ) |  | 629 |  |  | (2,537 | )
Other, net | (211 | ) |  | — |  |  | — |  |  | — |  |  | (211 | )
Net cash provided by (used in) financing activities | 4,031 |  |  | (807 | ) |  | (1,476 | ) |  | 1,301 |  |  | 3,049 |
Net decrease in cash and cash equivalents | — |  |  | — |  |  | (1,720 | ) |  | — |  |  | (1,720 | )
Cash and cash equivalents at beginning of year | — |  |  | — |  |  | 3,705 |  |  | — |  |  | 3,705 |
Cash and cash equivalents at end of year | $ | — |  |  | $ | — |  |  | $ | 1,985 |  |  | $ | — |  |  | $ | 1,985 |

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