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Guarantor Financial Statements (Unaudited) (Tables) | 3 Months Ended
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Mar. 31, 2015
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 288 |  |  | $ | 3,623 |  |  | $ | 8,257 |  |  | $ | (3,314 | ) |  | $ | 8,854 |
Property, plant, equipment and mining development costs, net | 21 |  |  | 48 |  |  | 26,526 |  |  | — |  |  | 26,595 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization | — |  |  | 2,309 |  |  | 4,404 |  |  | — |  |  | 6,713 |
Not subject to amortization | — |  |  | 2,553 |  |  | 7,112 |  |  | — |  |  | 9,665 |
Investments in consolidated subsidiaries | 25,828 |  |  | 4,117 |  |  | 7,005 |  |  | (36,950 | ) |  | — |
Other assets | 9,814 |  |  | 4,276 |  |  | 4,160 |  |  | (14,012 | ) |  | 4,238 |
Total assets | $ | 35,951 |  |  | $ | 16,926 |  |  | $ | 57,464 |  |  | $ | (54,276 | ) |  | $ | 56,065 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,819 |  |  | $ | 400 |  |  | $ | 5,505 |  |  | $ | (3,314 | ) |  | $ | 4,410 |
Long-term debt, less current portion | 15,900 |  |  | 4,771 |  |  | 9,625 |  |  | (10,542 | ) |  | 19,754 |
Deferred income taxes | 2,390 |  | a | — |  |  | 3,235 |  |  | — |  |  | 5,625 |
Environmental and asset retirement obligations, less current portion | — |  |  | 303 |  |  | 3,375 |  |  | — |  |  | 3,678 |
Other liabilities | 49 |  |  | 3,359 |  |  | 1,874 |  |  | (3,470 | ) |  | 1,812 |
Total liabilities | 20,158 |  |  | 8,833 |  |  | 23,614 |  |  | (17,326 | ) |  | 35,279 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 755 |  |  | — |  |  | 755 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 15,793 |  |  | 8,093 |  |  | 29,376 |  |  | (37,469 | ) |  | 15,793 |
Noncontrolling interests | — |  |  | — |  |  | 3,719 |  |  | 519 |  |  | 4,238 |
Total equity | 15,793 |  |  | 8,093 |  |  | 33,095 |  |  | (36,950 | ) |  | 20,031 |
Total liabilities and equity | $ | 35,951 |  |  | $ | 16,926 |  |  | $ | 57,464 |  |  | $ | (54,276 | ) |  | $ | 56,065 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
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 | 8,914 |  |  | 3,947 |  |  | 4,061 |  |  | (12,787 | ) |  | 4,135 |
Total assets | $ | 38,024 |  |  | $ | 18,831 |  |  | $ | 62,665 |  |  | $ | (60,846 | ) |  | $ | 58,674 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,592 |  |  | $ | 560 |  |  | $ | 5,592 |  |  | $ | (2,572 | ) |  | $ | 5,172 |
Long-term debt, less current portion | 14,930 |  |  | 3,874 |  |  | 8,879 |  |  | (9,312 | ) |  | 18,371 |
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 | 19,737 |  |  | 8,108 |  |  | 22,963 |  |  | (15,359 | ) |  | 35,449 |
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 | $ | 38,024 |  |  | $ | 18,831 |  |  | $ | 62,665 |  |  | $ | (60,846 | ) |  | $ | 58,674 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
Condensed Consolidating Statements of Income [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Three Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 181 |  |  | $ | 3,972 |  |  | $ | — |  |  | $ | 4,153 |
Total costs and expenses | 16 |  |  | 1,318 |  | a | 5,798 |  | a | (16 | ) |  | 7,116 |
Operating (loss) income | (16 | ) |  | (1,137 | ) |  | (1,826 | ) |  | 16 |  |  | (2,963 | )
Interest expense, net | (115 | ) |  | (4 | ) |  | (57 | ) |  | 30 |  |  | (146 | )
Other income (expense), net | 29 |  |  | — |  |  | 8 |  |  | (30 | ) |  | 7 |
(Loss) income before income taxes and equity in affiliated companies' net (losses) earnings | (102 | ) |  | (1,141 | ) |  | (1,875 | ) |  | 16 |  |  | (3,102 | )
(Provision for) benefit from income taxes | (421 | ) |  | 1,157 |  |  | (35 | ) |  | (6 | ) |  | 695 |
Equity in affiliated companies' net (losses) earnings | (1,951 | ) |  | (2,359 | ) |  | (3,530 | ) |  | 7,841 |  |  | 1 |
Net (loss) income | (2,474 | ) |  | (2,343 | ) |  | (5,440 | ) |  | 7,851 |  |  | (2,406 | )
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (56 | ) |  | (12 | ) |  | (68 | )
Net (loss) income attributable to common stockholders | $ | (2,474 | ) |  | $ | (2,343 | ) |  | $ | (5,496 | ) |  | $ | 7,839 |  |  | $ | (2,474 | )
Other comprehensive income (loss) | 12 |  |  | — |  |  | 12 |  |  | (12 | ) |  | 12 |
Total comprehensive (loss) income | $ | (2,462 | ) |  | $ | (2,343 | ) |  | $ | (5,484 | ) |  | $ | 7,827 |  |  | $ | (2,462 | )
a. | Includes impairment charges totaling $1.1 billion at the FM O&G LLC guarantor and $2.0 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.
Three Months Ended March 31, 2014 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 644 |  |  | $ | 4,341 |  |  | $ | — |  |  | $ | 4,985 |
Total costs and expenses | 11 |  |  | 526 |  |  | 3,339 |  |  | (2 | ) |  | 3,874 |
Operating (loss) income | (11 | ) |  | 118 |  |  | 1,002 |  |  | 2 |  |  | 1,111 |
Interest expense, net | (82 | ) |  | (41 | ) |  | (58 | ) |  | 20 |  |  | (161 | )
Other income (expense), net | 20 |  |  | — |  |  | 33 |  |  | (20 | ) |  | 33 |
(Loss) income before income taxes and equity in affiliated companies' net earnings (losses) | (73 | ) |  | 77 |  |  | 977 |  |  | 2 |  |  | 983 |
Provision for income taxes | (21 | ) |  | (43 | ) |  | (292 | ) |  | (1 | ) |  | (357 | )
Equity in affiliated companies' net earnings (losses) | 604 |  |  | 130 |  |  | 185 |  |  | (919 | ) |  | — |
Net income (loss) | 510 |  |  | 164 |  |  | 870 |  |  | (918 | ) |  | 626 |
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (111 | ) |  | (5 | ) |  | (116 | )
Net income (loss) attributable to common stockholders | $ | 510 |  |  | $ | 164 |  |  | $ | 759 |  |  | $ | (923 | ) |  | $ | 510 |
Other comprehensive income (loss) | 3 |  |  | — |  |  | 3 |  |  | (3 | ) |  | 3 |
Total comprehensive income (loss) | $ | 513 |  |  | $ | 164 |  |  | $ | 762 |  |  | $ | (926 | ) |  | $ | 513 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (2,474 | ) |  | $ | (2,343 | ) |  | $ | (5,440 | ) |  | $ | 7,851 |  |  | $ | (2,406 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 1 |  |  | 119 |  |  | 835 |  |  | (16 | ) |  | 939 |
Impairment of oil and gas properties | — |  |  | 1,062 |  |  | 2,042 |  |  | — |  |  | 3,104 |
Net gains on crude oil derivative contracts | — |  |  | (52 | ) |  | — |  |  | — |  |  | (52 | )
Equity in losses (earnings) of consolidated subsidiaries | 1,951 |  |  | 2,359 |  |  | 3,530 |  |  | (7,841 | ) |  | (1 | )
Other, net | (701 | ) |  | 6 |  |  | (86 | ) |  | — |  |  | (781 | )
Decreases (increases) in working capital and changes in other tax payments | 1,171 |  |  | (1,321 | ) |  | 58 |  |  | 6 |  |  | (86 | )
Net cash (used in) provided by operating activities | (52 | ) |  | (170 | ) |  | 939 |  |  | — |  |  | 717 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (302 | ) |  | (1,565 | ) |  | — |  |  | (1,867 | )
Intercompany loans | (905 | ) |  | (400 | ) |  | — |  |  | 1,305 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 310 |  |  | (14 | ) |  | 32 |  |  | (328 | ) |  | — |
Other, net | — |  |  | — |  |  | 127 |  |  | — |  |  | 127 |
Net cash (used in) provided by investing activities | (595 | ) |  | (716 | ) |  | (1,406 | ) |  | 977 |  |  | (1,740 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 1,515 |  |  | — |  |  | 758 |  |  | — |  |  | 2,273 |
Repayments of debt | (530 | ) |  | — |  |  | (272 | ) |  | — |  |  | (802 | )
Intercompany loans | — |  |  | 903 |  |  | 402 |  |  | (1,305 | ) |  | — |
Cash dividends and distributions paid, and contributions received | (327 | ) |  | — |  |  | (319 | ) |  | 296 |  |  | (350 | )
Other, net | (11 | ) |  | (18 | ) |  | (16 | ) |  | 32 |  |  | (13 | )
Net cash provided by (used in) financing activities | 647 |  |  | 885 |  |  | 553 |  |  | (977 | ) |  | 1,108 |
Net (decrease) increase in cash and cash equivalents | — |  |  | (1 | ) |  | 86 |  |  | — |  |  | 85 |
Cash and cash equivalents at beginning of period | — |  |  | 1 |  |  | 463 |  |  | — |  |  | 464 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 549 |  |  | $ | — |  |  | $ | 549 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 510 |  |  | $ | 164 |  |  | $ | 870 |  |  | $ | (918 | ) |  | $ | 626 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 1 |  |  | 285 |  |  | 682 |  |  | (2 | ) |  | 966 |
Net losses on crude oil and natural gas derivative contracts | — |  |  | 50 |  |  | — |  |  | — |  |  | 50 |
Equity in (earnings) losses of consolidated subsidiaries | (604 | ) |  | (130 | ) |  | (185 | ) |  | 919 |  |  | — |
Other, net | 134 |  |  | (9 | ) |  | (140 | ) |  | (13 | ) |  | (28 | )
(Increases) decreases in working capital and changes in other tax payments | (234 | ) |  | 339 |  |  | (518 | ) |  | — |  |  | (413 | )
Net cash (used in) provided by operating activities | (193 | ) |  | 699 |  |  | 709 |  |  | (14 | ) |  | 1,201 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (335 | ) |  | (1,277 | ) |  | — |  |  | (1,612 | )
Intercompany loans | 190 |  |  | (43 | ) |  | — |  | — |  | (147 | ) |  | — |
Dividends from (investments in) consolidated subsidiaries | 212 |  |  | (96 | ) |  | (430 | ) |  | 314 |  |  | — |
Other, net | — |  |  | 4 |  |  | 3 |  |  | — |  |  | 7 |
Net cash provided by (used in) investing activities | 402 |  |  | (470 | ) |  | (1,704 | ) |  | 167 |  |  | (1,605 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 895 |  |  | — |  |  | 254 |  |  | — |  |  | 1,149 |
Repayments of debt | (780 | ) |  | — |  |  | (207 | ) |  | — |  |  | (987 | )
Intercompany loans | — |  |  | (213 | ) |  | 66 |  |  | 147 |  |  | — |
Cash dividends and distributions paid, and contributions received | (326 | ) |  | (14 | ) |  | 237 |  |  | (300 | ) |  | (403 | )
Other, net | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net cash (used in) provided by financing activities | (209 | ) |  | (227 | ) |  | 350 |  |  | (153 | ) |  | (239 | )
Net increase (decrease) in cash and cash equivalents | — |  |  | 2 |  |  | (645 | ) |  | — |  |  | (643 | )
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 1,985 |  |  | — |  |  | 1,985 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 2 |  |  | $ | 1,340 |  |  | $ | — |  |  | $ | 1,342 |

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