XML 168 R41.htm IDEA: XBRL DOCUMENT
v2.4.1.9

CONTINGENCIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Contingencies [Abstract] |
Environmental Loss Contingency Disclosure | A summary of changes in environmental obligations for the years ended December 31 follows:
| 2014 |  | 2013 |  | 2012
Balance at beginning of year | $ | 1,167 |  |  | $ | 1,222 |  |  | $ | 1,453 |
Accretion expense a | 77 |  |  | 79 |  |  | 80 |
Additions | 16 |  |  | 73 |  |  | 70 |
Reductions b | (6 | ) |  | (77 | ) |  | (182 | )
Spending | (80 | ) |  | (130 | ) |  | (199 | )
Balance at end of year | 1,174 |  |  | 1,167 |  |  | 1,222 |
Less current portion | (105 | ) |  | (121 | ) |  | (186 | )
Long-term portion | $ | 1,069 |  |  | $ | 1,046 |  |  | $ | 1,036 |
a. | Represents accretion of the fair value of environmental obligations assumed in the 2007 acquisition of FMC, which were determined on a discounted cash flow basis.
b. | Reductions primarily reflect revisions for changes in the anticipated scope and timing of projects and other noncash adjustments.
Asset Retirement Obligation Disclosure | A summary of changes in FCX’s AROs for the years ended December 31 follows:
| 2014 |  | 2013 |  | 2012
Balance at beginning of year | $ | 2,328 |  |  | $ | 1,146 |  |  | $ | 921 |
Liabilities assumed in the acquisitions of PXP and MMR a | — |  |  | 1,028 |  |  | — |
Liabilities incurred | 430 |  | b | 45 |  |  | 6 |
Settlements and revisions to cash flow estimates, net | 65 |  |  | 123 |  |  | 211 |
Accretion expense | 117 |  |  | 95 |  |  | 55 |
Dispositions | (61 | ) |  | — |  |  | — |
Spending | (99 | ) |  | (107 | ) |  | (47 | )
Other | (11 | ) |  | (2 | ) |  | — |
Balance at end of year | 2,769 |  |  | 2,328 |  |  | 1,146 |
Less current portion | (191 | ) |  | (115 | ) |  | (55 | )
Long-term portion | $ | 2,578 |  |  | $ | 2,213 |  |  | $ | 1,091 |
a. | The fair value of AROs assumed in the acquisitions of PXP and MMR ($741 million and $287 million, respectively) were estimated based on projected cash flows, an estimated long-term annual inflation rate of 2.5 percent, and discount rates based on FCX's estimated credit-adjusted, risk-free interest rates ranging from 1.3 percent to 6.3 percent.
b. | Primarily reflects revisions to the closure approach to reclaim an overburden stockpile in Indonesia.
Summary of Income Tax Contingencies [Table Text Block] | A summary of these assessments follows:
Tax Year |  | Tax Assessment |  | Penalty and Interest Assessment |  | Total |
2002 to 2005 |  | $ | 16 |  |  | $ | 49 |  |  | $ | 65 |  |
2006 |  | 7 |  |  | 45 |  |  | 52 |  |
2007 |  | 12 |  |  | 18 |  |  | 30 |  |
2008 |  | 21 |  |  | 13 |  |  | 34 |  |
2009 |  | 59 |  |  | 49 |  |  | 108 |  |
2010 |  | 63 |  |  | 85 |  |  | 148 |  | a
2014 |  | 5 |  |  | — |  |  | 5 |  |
|  | $ | 183 |  |  | $ | 259 |  |  | $ | 442 |  |
a. | The tax assessment for the year 2010 was issued in February 2015.
PT-FI has received assessments from the Indonesian tax authorities for additional taxes and interest related to various audit exceptions for income and other taxes. PT-FI has filed objections to the assessments because it believes it has properly determined and paid its taxes. A summary of these assessments follows:
Tax Year |  | Tax Assessment |  | Interest Assessment |  | Total
2005 |  | $ | 103 |  |  | $ | 49 |  |  | $ | 152 |
2006 |  | 22 |  |  | 10 |  |  | 32 |
2007 |  | 91 |  |  | 44 |  |  | 135 |
2008 |  | 62 |  |  | 52 |  |  | 114 |
2011 |  | 56 |  |  | 13 |  |  | 69 |
2012 |  | 137 |  |  | — |  |  | 137 |
|  | $ | 471 |  |  | $ | 168 |  |  | $ | 639 |

X
- Details
Name: | fcx_ContingenciesAbstract
Namespace Prefix: | fcx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of disputed tax assessments. + References No definition available. + Details
Name: | fcx_DisputedTaxAssessmentsTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 + Details
Name: | us-gaap_AssetRetirementObligationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.Y.Q2) -URI http://asc.fasb.org/extlink&oid=27011672&loc=d3e149879-122751 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 50 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13328-110859 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13185-110859 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13296-110859 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 30 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13237-110859 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section Y + Details
Name: | us-gaap_EnvironmentalLossContingencyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration