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Guarantor Financial Statements (Unaudited) (Notes) | 9 Months Ended
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Sep. 30, 2015
Guarantor Financial Statements [Abstract] |
Guarantor Financial Statements [Text Block] | GUARANTOR FINANCIAL STATEMENTS All of the senior notes issued by FCX are fully and unconditionally guaranteed on a senior basis jointly and severally by Freeport-McMoRan Oil & Gas LLC (FM O&G LLC), as guarantor, which is a 100 percent owned subsidiary of FM O&G and FCX. The guarantee is an unsecured obligation of the guarantor and ranks equal in right of payment with all existing and future indebtedness of FM O&G LLC, including indebtedness under the revolving credit facility. The guarantee ranks senior in right of payment with all of FM O&G LLC's future subordinated obligations and is effectively subordinated in right of payment to any debt of FM O&G LLC's subsidiaries. The indentures provide that FM O&G LLC's guarantee may be released or terminated for certain obligations under the following circumstances: (i) all or substantially all of the equity interests or assets of FM O&G LLC are sold to a third party; or (ii) FM O&G LLC no longer has any obligations under any FM O&G senior notes or any refinancing thereof and no longer guarantees any obligations of FCX under the revolver, the Term Loan or any other senior debt. The following condensed consolidating financial information includes information regarding FCX, as issuer, FM O&G LLC, as guarantor, and all other non-guarantor subsidiaries of FCX. Included are the condensed consolidating balance sheets at September 30, 2015, and December 31, 2014, and the related condensed consolidating statements of comprehensive (loss) income for the three and nine months ended September 30, 2015 and 2014, and condensed consolidating statements of cash flows for the nine months ended September 30, 2015 and 2014 (in millions), which should be read in conjunction with FCX's notes to the consolidated financial statements. CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 139 |  |  | $ | 3,619 |  |  | $ | 10,291 |  |  | $ | (5,894 | ) |  | $ | 8,155 |
Property, plant, equipment and mining development costs, net | 27 |  |  | 55 |  |  | 27,273 |  |  | — |  |  | 27,355 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization | — |  |  | 1,020 |  |  | 1,980 |  |  | 2 |  |  | 3,002 |
Not subject to amortization | — |  |  | 1,648 |  |  | 5,914 |  |  | 6 |  |  | 7,568 |
Investments in consolidated subsidiaries | 23,276 |  |  | — |  |  | 1,495 |  |  | (24,771 | ) |  | — |
Other assets | 8,426 |  |  | 4,918 |  |  | 4,232 |  |  | (13,273 | ) |  | 4,303 |
Total assets | $ | 31,868 |  |  | $ | 11,260 |  |  | $ | 51,185 |  |  | $ | (43,930 | ) |  | $ | 50,383 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 4,546 |  |  | $ | 522 |  |  | $ | 5,641 |  |  | $ | (5,882 | ) |  | $ | 4,827 |
Long-term debt, less current portion | 15,256 |  |  | 5,560 |  |  | 10,553 |  |  | (11,577 | ) |  | 19,792 |
Deferred income taxes | 1,067 |  | a | — |  |  | 3,296 |  |  | — |  |  | 4,363 |
Environmental and asset retirement obligations, less current portion | — |  |  | 322 |  |  | 3,386 |  |  | — |  |  | 3,708 |
Other liabilities | 53 |  |  | 3,361 |  |  | 1,805 |  |  | (3,492 | ) |  | 1,727 |
Total liabilities | 20,922 |  |  | 9,765 |  |  | 24,681 |  |  | (20,951 | ) |  | 34,417 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 761 |  |  | — |  |  | 761 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 10,946 |  |  | 1,495 |  |  | 22,018 |  |  | (23,513 | ) |  | 10,946 |
Noncontrolling interests | — |  |  | — |  |  | 3,725 |  |  | 534 |  |  | 4,259 |
Total equity | 10,946 |  |  | 1,495 |  |  | 25,743 |  |  | (22,979 | ) |  | 15,205 |
Total liabilities and equity | $ | 31,868 |  |  | $ | 11,260 |  |  | $ | 51,185 |  |  | $ | (43,930 | ) |  | $ | 50,383 |
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 COMPREHENSIVE (LOSS) INCOME
Three Months Ended September 30, 2015 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 158 |  |  | $ | 3,523 |  |  | $ | — |  |  | $ | 3,681 |
Total costs and expenses | 12 |  |  | 1,874 |  | a | 5,742 |  | a | (2 | ) |  | 7,626 |
Operating (loss) income | (12 | ) |  | (1,716 | ) |  | (2,219 | ) |  | 2 |  |  | (3,945 | )
Interest expense, net | (123 | ) |  | (1 | ) |  | (78 | ) |  | 39 |  |  | (163 | )
Other income (expense), net | 31 |  |  | — |  |  | (35 | ) |  | (36 | ) |  | (40 | )
(Loss) income before income taxes and equity in affiliated companies' net (losses) earnings | (104 | ) |  | (1,717 | ) |  | (2,332 | ) |  | 5 |  |  | (4,148 | )
(Provision for) benefit from income taxes | (1,283 | ) |  | 714 |  |  | 931 |  |  | (2 | ) |  | 360 |
Equity in affiliated companies' net (losses) earnings | (2,443 | ) |  | (2,237 | ) |  | (2,445 | ) |  | 7,123 |  |  | (2 | )
Net (loss) income | (3,830 | ) |  | (3,240 | ) |  | (3,846 | ) |  | 7,126 |  |  | (3,790 | )
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (39 | ) |  | (1 | ) |  | (40 | )
Net (loss) income attributable to common stockholders | $ | (3,830 | ) |  | $ | (3,240 | ) |  | $ | (3,885 | ) |  | $ | 7,125 |  |  | $ | (3,830 | )
Other comprehensive income (loss) | 14 |  |  | — |  |  | 14 |  |  | (14 | ) |  | 14 |
Total comprehensive (loss) income | $ | (3,816 | ) |  | $ | (3,240 | ) |  | $ | (3,871 | ) |  | $ | 7,111 |  |  | $ | (3,816 | )
a. | Includes charges totaling $1.7 billion at the FM O&G LLC guarantor and $2.0 billion at the non-guarantor subsidiaries related to impairment of FCX's oil and gas properties pursuant to full cost accounting rules.
Nine Months Ended September 30, 2015 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 508 |  |  | $ | 11,574 |  |  | $ | — |  |  | $ | 12,082 |
Total costs and expenses | 47 |  |  | 4,409 |  | a | 16,923 |  | a | (15 | ) |  | 21,364 |
Operating (loss) income | (47 | ) |  | (3,901 | ) |  | (5,349 | ) |  | 15 |  |  | (9,282 | )
Interest expense, net | (359 | ) |  | (7 | ) |  | (202 | ) |  | 110 |  |  | (458 | )
Other income (expense), net | 187 |  |  | — |  |  | (83 | ) |  | (100 | ) |  | 4 |
(Loss) income before income taxes and equity in affiliated companies' net (losses) earnings | (219 | ) |  | (3,908 | ) |  | (5,634 | ) |  | 25 |  |  | (9,736 | )
(Provision for) benefit from income taxes | (1,969 | ) |  | 1,504 |  |  | 2,217 |  |  | (10 | ) |  | 1,742 |
Equity in affiliated companies' net (losses) earnings | (5,967 | ) |  | (6,516 | ) |  | (8,947 | ) |  | 21,429 |  |  | (1 | )
Net (loss) income | (8,155 | ) |  | (8,920 | ) |  | (12,364 | ) |  | 21,444 |  |  | (7,995 | )
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (133 | ) |  | (27 | ) |  | (160 | )
Net (loss) income attributable to common stockholders | $ | (8,155 | ) |  | $ | (8,920 | ) |  | $ | (12,497 | ) |  | $ | 21,417 |  |  | $ | (8,155 | )
Other comprehensive income (loss) | 35 |  |  | — |  |  | 35 |  |  | (35 | ) |  | 35 |
Total comprehensive (loss) income | $ | (8,120 | ) |  | $ | (8,920 | ) |  | $ | (12,462 | ) |  | $ | 21,382 |  |  | $ | (8,120 | )
a. | Includes charges totaling $3.7 billion at the FM O&G LLC guarantor and $5.7 billion at the non-guarantor subsidiaries related to impairment of FCX's oil and gas properties pursuant to full cost accounting rules.
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Three Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 370 |  |  | $ | 5,326 |  |  | $ | — |  |  | $ | 5,696 |
Total costs and expenses | 12 |  |  | 916 |  | a | 3,966 |  |  | (330 | ) | a | 4,564 |
Operating (loss) income | (12 | ) |  | (546 | ) |  | 1,360 |  |  | 330 |  |  | 1,132 |
Interest expense, net | (99 | ) |  | (38 | ) |  | (37 | ) |  | 16 |  |  | (158 | )
Net gain on early extinguishment of debt | — |  |  | 58 |  |  | — |  |  | — |  |  | 58 |
Other income (expense), net | 15 |  |  | — |  |  | 24 |  |  | (16 | ) |  | 23 |
(Loss) income before income taxes and equity in affiliated companies' net earnings (losses) | (96 | ) |  | (526 | ) |  | 1,347 |  |  | 330 |  |  | 1,055 |
Benefit from (provision for) income taxes | 46 |  |  | (104 | ) |  | (166 | ) |  | (125 | ) |  | (349 | )
Equity in affiliated companies' net earnings (losses) | 602 |  |  | 381 |  |  | (111 | ) |  | (874 | ) |  | (2 | )
Net income (loss) | 552 |  |  | (249 | ) |  | 1,070 |  |  | (669 | ) |  | 704 |
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (130 | ) |  | (22 | ) |  | (152 | )
Net income (loss) attributable to common stockholders | $ | 552 |  |  | $ | (249 | ) |  | $ | 940 |  |  | $ | (691 | ) |  | $ | 552 |
Other comprehensive income (loss) | 7 |  |  | — |  |  | 7 |  |  | (7 | ) |  | 7 |
Total comprehensive income (loss) | $ | 559 |  |  | $ | (249 | ) |  | $ | 947 |  |  | $ | (698 | ) |  | $ | 559 |
a. | Includes charges totaling $0.6 billion at the FM O&G LLC guarantor and $(0.3) billion of eliminations related to impairment of FCX's oil and gas properties pursuant to full cost accounting rules.
Nine Months Ended September 30, 2014 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 1,584 |  |  | $ | 14,619 |  |  | $ | — |  |  | $ | 16,203 |
Total costs and expenses | 44 |  |  | 1,931 |  | a | 11,170 |  |  | (338 | ) | a | 12,807 |
Operating (loss) income | (44 | ) |  | (347 | ) |  | 3,449 |  |  | 338 |  |  | 3,396 |
Interest expense, net | (268 | ) |  | (123 | ) |  | (146 | ) |  | 54 |  |  | (483 | )
Net (loss) gain on early extinguishment of debt | (1 | ) |  | 64 |  |  | — |  |  | — |  |  | 63 |
Other income (expense), net | 52 |  |  | 1 |  |  | 49 |  |  | (54 | ) |  | 48 |
(Loss) income before income taxes and equity in affiliated companies' net earnings (losses) | (261 | ) |  | (405 | ) |  | 3,352 |  |  | 338 |  |  | 3,024 |
Benefit from (provision for) income taxes | 51 |  |  | (121 | ) |  | (836 | ) |  | (128 | ) |  | (1,034 | )
Equity in affiliated companies' net earnings (losses) | 1,754 |  |  | 637 |  |  | 228 |  |  | (2,619 | ) |  | — |
Net income (loss) | 1,544 |  |  | 111 |  |  | 2,744 |  |  | (2,409 | ) |  | 1,990 |
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (421 | ) |  | (25 | ) |  | (446 | )
Net income (loss) attributable to common stockholders | $ | 1,544 |  |  | $ | 111 |  |  | $ | 2,323 |  |  | $ | (2,434 | ) |  | $ | 1,544 |
Other comprehensive income (loss) | 11 |  |  | — |  |  | 11 |  |  | (11 | ) |  | 11 |
Total comprehensive income (loss) | $ | 1,555 |  |  | $ | 111 |  |  | $ | 2,334 |  |  | $ | (2,445 | ) |  | $ | 1,555 |
a. | Includes charges totaling $0.6 billion at the FM O&G LLC guarantor and $(0.3) billion of eliminations related to impairment of FCX's oil and gas properties pursuant to full cost accounting rules.
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (8,155 | ) |  | $ | (8,920 | ) |  | $ | (12,364 | ) |  | $ | 21,444 |  |  | $ | (7,995 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 3 |  |  | 303 |  |  | 2,474 |  |  | (63 | ) |  | 2,717 |
Impairment of oil and gas properties | — |  |  | 3,710 |  |  | 5,684 |  |  | 48 |  |  | 9,442 |
Net gains on crude oil derivative contracts | — |  |  | (87 | ) |  | — |  |  | — |  |  | (87 | )
Equity in losses (earnings) of consolidated subsidiaries | 5,967 |  |  | 6,516 |  |  | 8,947 |  |  | (21,429 | ) |  | 1 |
Other, net | (1,953 | ) |  | 2 |  |  | 139 |  |  | — |  |  | (1,812 | )
Changes in working capital and other tax payments | 4,001 |  |  | (1,213 | ) |  | (2,457 | ) |  | 11 |  |  | 342 |
Net cash (used in) provided by operating activities | (137 | ) |  | 311 |  |  | 2,423 |  |  | 11 |  |  | 2,608 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (7 | ) |  | (959 | ) |  | (4,079 | ) |  | (10 | ) |  | (5,055 | )
Intercompany loans | (1,310 | ) |  | (955 | ) |  | — |  |  | 2,265 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 693 |  |  | (49 | ) |  | 102 |  |  | (748 | ) |  | (2 | )
Other, net | (21 | ) |  | (2 | ) |  | 118 |  |  | 21 |  |  | 116 |
Net cash (used in) provided by investing activities | (645 | ) |  | (1,965 | ) |  | (3,859 | ) |  | 1,528 |  |  | (4,941 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 3,893 |  |  | — |  |  | 2,659 |  |  | — |  |  | 6,552 |
Repayments of debt | (3,550 | ) |  | — |  |  | (1,143 | ) |  | — |  |  | (4,693 | )
Intercompany loans | — |  |  | 1,708 |  |  | 557 |  |  | (2,265 | ) |  | — |
Net proceeds from sale of common stock | 999 |  |  | — |  |  | — |  |  | — |  |  | 999 |
Cash dividends and distributions paid, and contributions received | (547 | ) |  | (17 | ) |  | (749 | ) |  | 677 |  |  | (636 | )
Other, net | (13 | ) |  | (37 | ) |  | (14 | ) |  | 49 |  |  | (15 | )
Net cash provided by (used in) financing activities | 782 |  |  | 1,654 |  |  | 1,310 |  |  | (1,539 | ) |  | 2,207 |
Net decrease in cash and cash equivalents | — |  |  | — |  |  | (126 | ) |  | — |  |  | (126 | )
Cash and cash equivalents at beginning of period | — |  |  | 1 |  |  | 463 |  |  | — |  |  | 464 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 1 |  |  | $ | 337 |  |  | $ | — |  |  | $ | 338 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2014
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 1,544 |  |  | $ | 111 |  |  | $ | 2,744 |  |  | $ | (2,409 | ) |  | $ | 1,990 |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 3 |  |  | 673 |  |  | 2,269 |  |  | (21 | ) |  | 2,924 |
Impairment of oil and gas properties | — |  |  | 625 |  |  | — |  |  | (317 | ) |  | 308 |
Net losses on crude oil and natural gas derivative contracts | — |  |  | 56 |  |  | — |  |  | — |  |  | 56 |
Net gain (loss) on early extinguishment of debt | 1 |  |  | (64 | ) |  | — |  |  | — |  |  | (63 | )
Equity in (earnings) losses of consolidated subsidiaries | (1,754 | ) |  | (637 | ) |  | 4 |  |  | 2,387 |  |  | — |
Other, net | 87 |  |  | (17 | ) |  | (73 | ) |  | — |  |  | (3 | )
Changes in working capital and other tax payments | (217 | ) |  | (1,166 | ) |  | 684 |  |  | — |  |  | (699 | )
Net cash (used in) provided by operating activities | (336 | ) |  | (419 | ) |  | 5,628 |  |  | (360 | ) |  | 4,513 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (1,771 | ) |  | (3,644 | ) |  | — |  |  | (5,415 | )
Acquisition of Deepwater GOM interests | — |  |  | — |  |  | (1,421 | ) |  | — |  |  | (1,421 | )
Intercompany loans | 1,151 |  |  | 734 |  |  | — |  | — |  | (1,885 | ) |  | — |
(Investments in) dividends from consolidated subsidiaries | (959 | ) |  | (97 | ) |  | (696 | ) |  | 1,752 |  |  | — |
Net proceeds from sale of Eagle Ford shale assets | — |  |  | 2,971 |  |  | — |  |  | — |  |  | 2,971 |
Other, net | — |  |  | 32 |  |  | 189 |  |  | — |  |  | 221 |
Net cash provided by (used in) investing activities | 192 |  |  | 1,869 |  |  | (5,572 | ) |  | (133 | ) |  | (3,644 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 2,806 |  |  | — |  |  | 540 |  |  | — |  |  | 3,346 |
Repayments of debt | (1,686 | ) |  | (1,996 | ) |  | (514 | ) |  | — |  |  | (4,196 | )
Intercompany loans | — |  |  | 213 |  |  | (2,098 | ) |  | 1,885 |  |  | — |
Cash dividends and distributions paid, and contributions received | (979 | ) |  | 336 |  |  | 691 |  |  | (1,392 | ) |  | (1,344 | )
Other, net | 3 |  |  | (2 | ) |  | (3 | ) |  | — |  |  | (2 | )
Net cash provided by (used in) financing activities | 144 |  |  | (1,449 | ) |  | (1,384 | ) |  | 493 |  |  | (2,196 | )
Net increase (decrease) in cash and cash equivalents | — |  |  | 1 |  |  | (1,328 | ) |  | — |  |  | (1,327 | )
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 1,985 |  |  | — |  |  | 1,985 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 1 |  |  | $ | 657 |  |  | $ | — |  |  | $ | 658 |

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- Definition Guarantor Financial Statements [Abstract] + References No definition available. + Details
Name: | fcx_GuarantorFinancialStatementsAbstract
Namespace Prefix: | fcx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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- Definition Tabular disclosure of the condensed financial statements (balance sheet, income statement, cash flows), normally using the registrant (parent) as the sole domain member. If condensed consolidating financial statements are being presented, other domain members (guarantor subsidiaries, non-guarantor subsidiaries or consolidation eliminations) will be included in order that the respective monetary amounts for each domain will aggregate to the respective amounts on the consolidated financial statements. + References No definition available. + Details
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Period Type: | duration