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Business Segments (Unaudited) | 3 Months Ended
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Mar. 31, 2015
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS FCX has organized its operations into six primary divisions – North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines and U.S. oil & gas operations. Notwithstanding this structure, FCX internally reports information on a mine-by-mine basis for its mining operations. Therefore, FCX concluded that its operating segments include individual mines or operations relative to its mining operations. For oil and gas operations, FCX determines its operating segments on a country-by-country basis. Operating segments that meet certain thresholds are reportable segments, which are separately disclosed in the following table. Intersegment Sales. Intersegment sales between FCX’s mining operations are based on similar arms-length transactions with third parties at the time of the sale. Intersegment sales may not be reflective of the actual prices ultimately realized because of a variety of factors, including additional processing, timing of sales to unaffiliated customers and transportation premiums. FCX defers recognizing profits on sales from its mines to other divisions, including Atlantic Copper and on 25 percent of PT-FI's sales to PT Smelting, until final sales to third parties occur. Quarterly variations in ore grades, the timing of intercompany shipments and changes in product prices result in variability in FCX's net deferred profits and quarterly earnings. Allocations. FCX allocates certain operating costs, expenses and capital expenditures to its operating divisions and individual segments. However, not all costs and expenses applicable to an operation are allocated. U.S. federal and state income taxes are recorded and managed at the corporate level (included in corporate, other & eliminations), whereas foreign income taxes are recorded and managed at the applicable country level. In addition, most mining exploration and research activities are managed on a consolidated basis, and those costs along with some selling, general and administrative costs are not allocated to the operating divisions or individual segments. Accordingly, the following segment information reflects management determinations that may not be indicative of what the actual financial performance of each operating division or segment would be if it was an independent entity. Financial Information by Business Segments
(In millions) | Mining Operations |  |  |  |  |  |
| North America Copper Mines |  | South America |  | Indonesia |  | Africa |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Atlantic |  | Other |  |  |  |  |  | Corporate, |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Molyb- |  |  |  | Copper |  | Mining |  |  |  | U.S. |  | Other |  |
|  |  | Other |  |  |  | Cerro |  | Other |  |  |  |  |  |  |  | denum |  | Rod & |  | Smelting |  | & Elimi- |  | Total |  | Oil & Gas |  | & Elimi- |  | FCX
| Morenci |  | Mines |  | Total |  | Verde |  | Mines a |  | Total |  | Grasberg |  | Tenke |  | Mines |  | Refining |  | & Refining |  | nations |  | Mining |  | Operations b |  | nations |  | Total
Three Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 106 |  |  | $ | 115 |  |  | $ | 221 |  |  | $ | 248 |  |  | $ | 231 |  |  | $ | 479 |  |  | $ | 621 |  | c | $ | 382 |  |  | $ | — |  |  | $ | 1,062 |  |  | $ | 540 |  |  | $ | 348 |  | d | $ | 3,653 |  |  | $ | 500 |  | e | $ | — |  |  | $ | 4,153 |
Intersegment | 450 |  |  | 664 |  |  | 1,114 |  |  | 14 |  |  | (7 | ) | f | 7 |  |  | (14 | ) | f | 28 |  |  | 113 |  |  | 7 |  |  | 6 |  |  | (1,261 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 374 |  |  | 569 |  |  | 943 |  |  | 198 |  |  | 147 |  |  | 345 |  |  | 439 |  |  | 235 |  |  | 83 |  |  | 1,063 |  |  | 519 |  |  | (1,001 | ) |  | 2,626 |  |  | 283 |  |  | 3 |  |  | 2,912 |
Depreciation, depletion and amortization | 51 |  |  | 82 |  |  | 133 |  |  | 37 |  |  | 38 |  |  | 75 |  |  | 70 |  |  | 73 |  |  | 26 |  |  | 2 |  |  | 10 |  |  | 16 |  |  | 405 |  |  | 530 |  |  | 4 |  |  | 939 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,104 |  |  | — |  |  | 3,104 |
Selling, general and administrative expenses | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | 25 |  |  | 3 |  |  | — |  |  | — |  |  | 5 |  |  | 6 |  |  | 41 |  |  | 54 |  |  | 59 |  |  | 154 |
Mining exploration and research expenses | — |  |  | 3 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 30 |  |  | 33 |  |  | — |  |  | — |  |  | 33 |
Environmental obligations and shutdown costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | 13 |  |  | — |  |  | — |  |  | 13 |
Net gain on sale of assets | — |  |  | (39 | ) |  | (39 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (39 | ) |  | — |  |  | — |  |  | (39 | )
Operating income (loss) | 130 |  |  | 164 |  |  | 294 |  |  | 26 |  |  | 39 |  |  | 65 |  |  | 73 |  |  | 99 |  |  | 4 |  |  | 4 |  |  | 12 |  |  | 23 |  |  | 574 |  |  | (3,471 | ) |  | (66 | ) |  | (2,963 | )
Interest expense, net | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 40 |  |  | 45 |  |  | 37 |  |  | 64 |  |  | 146 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | 5 |  |  | 19 |  |  | 24 |  |  | 29 |  |  | 26 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 79 |  |  | — |  |  | (774 | ) |  | (695 | )
Total assets at March 31, 2015 | 3,802 |  |  | 5,646 |  |  | 9,448 |  |  | 7,991 |  |  | 1,970 |  |  | 9,961 |  |  | 8,882 |  |  | 5,108 |  |  | 2,075 |  |  | 314 |  |  | 809 |  |  | 1,379 |  |  | 37,976 |  |  | 17,887 |  |  | 202 |  |  | 56,065 |
Capital expenditures | 84 |  |  | 23 |  |  | 107 |  |  | 431 |  |  | 14 |  |  | 445 |  |  | 225 |  |  | 39 |  |  | 3 |  |  | 1 |  |  | 4 |  |  | 16 |  |  | 840 |  |  | 1,018 |  |  | 9 |  |  | 1,867 |
Three Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 23 |  |  | $ | 61 |  |  | $ | 84 |  |  | $ | 280 |  |  | $ | 422 |  |  | $ | 702 |  |  | $ | 462 |  | c | $ | 306 |  |  | $ | — |  |  | $ | 1,146 |  |  | $ | 588 |  |  | $ | 436 |  | d | $ | 3,724 |  |  | $ | 1,261 |  | e | $ | — |  |  | $ | 4,985 |
Intersegment | 444 |  |  | 758 |  |  | 1,202 |  |  | 64 |  |  | 132 |  |  | 196 |  |  | 8 |  |  | 21 |  |  | 126 |  |  | 8 |  |  | 5 |  |  | (1,566 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 283 |  |  | 503 |  |  | 786 |  |  | 165 |  |  | 311 |  |  | 476 |  |  | 383 |  |  | 152 |  |  | 76 |  |  | 1,148 |  |  | 588 |  |  | (1,183 | ) |  | 2,426 |  |  | 311 |  |  | — |  |  | 2,737 |
Depreciation, depletion and amortization | 34 |  |  | 73 |  |  | 107 |  |  | 36 |  |  | 51 |  |  | 87 |  |  | 48 |  |  | 51 |  |  | 22 |  |  | 2 |  |  | 10 |  |  | 19 |  |  | 346 |  |  | 616 |  |  | 4 |  |  | 966 |
Selling, general and administrative expenses | — |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 21 |  |  | 3 |  |  | — |  |  | — |  |  | 4 |  |  | 7 |  |  | 38 |  |  | 57 |  |  | 40 |  |  | 135 |
Mining exploration and research expenses | — |  |  | 2 |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28 |  |  | 30 |  |  | — |  |  | — |  |  | 30 |
Environmental obligations and shutdown costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6 |  |  | 6 |  |  | — |  |  | — |  |  | 6 |
Operating income (loss) | 150 |  |  | 240 |  |  | 390 |  |  | 142 |  |  | 191 |  |  | 333 |  |  | 18 |  |  | 121 |  |  | 28 |  |  | 4 |  |  | (9 | ) |  | (7 | ) |  | 878 |  |  | 277 |  |  | (44 | ) |  | 1,111 |
Interest expense, net | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 18 |  |  | 23 |  |  | 76 |  |  | 62 |  |  | 161 |
Provision for income taxes | — |  |  | — |  |  | — |  |  | 57 |  |  | 70 |  |  | 127 |  |  | 18 |  |  | 24 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 169 |  |  | — |  |  | 188 |  |  | 357 |
Total assets at March 31, 2014 | 3,412 |  |  | 5,827 |  |  | 9,239 |  |  | 6,730 |  |  | 4,059 |  |  | 10,789 |  |  | 7,466 |  |  | 4,904 |  |  | 2,101 |  |  | 289 |  |  | 951 |  |  | 1,119 |  |  | 36,858 |  |  | 26,385 |  |  | 489 |  |  | 63,732 |
Capital expenditures | 244 |  |  | 59 |  |  | 303 |  |  | 400 |  |  | 23 |  |  | 423 |  |  | 236 |  |  | 31 |  |  | 19 |  |  | 1 |  |  | 1 |  |  | 10 |  |  | 1,024 |  |  | 579 |  |  | 9 |  |  | 1,612 |
a. | First-quarter 2014 amounts include the results of the Candelaria and Ojos del Salado mining operations, which were sold in November 2014.
b. | First-quarter 2014 includes the results from Eagle Ford, which was sold in June 2014.
c. | Includes PT-FI’s sales to PT Smelting totaling $350 million in first-quarter 2015 and $373 million in first-quarter 2014.
d. | Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.
e. | Includes net mark-to-market gains (losses) associated with crude oil and natural gas derivative contracts totaling $52 million in first-quarter 2015 and $(50) million in first-quarter 2014.
f. | Amounts include net reductions for provisional pricing adjustments to prior period open sales. There were no intersegment sales from El Abra or Grasberg in first-quarter 2015.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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