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Guarantor Financial Statements (Unaudited) (Tables) | 3 Months Ended
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Mar. 31, 2016
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2016
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 272 |  |  | $ | 2,600 |  |  | $ | 8,092 |  |  | $ | (3,731 | ) |  | $ | 7,233 |
Property, plant, equipment and mining development costs, net | 25 |  |  | 59 |  |  | 27,292 |  |  | — |  |  | 27,376 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization and impairments | — |  |  | 517 |  |  | 1,183 |  |  | — |  |  | 1,700 |
Not subject to amortization | — |  |  | 415 |  |  | 1,326 |  |  | 2 |  |  | 1,743 |
Investments in consolidated subsidiaries | 20,674 |  |  | — |  |  | — |  |  | (20,674 | ) |  | — |
Other assets | 1,135 |  |  | 34 |  |  | 4,533 |  |  | (1,090 | ) |  | 4,612 |
Total assets | $ | 22,106 |  |  | $ | 3,625 |  |  | $ | 42,426 |  |  | $ | (25,493 | ) |  | $ | 42,664 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 2,714 |  |  | $ | 660 |  |  | $ | 4,782 |  |  | $ | (3,730 | ) |  | $ | 4,426 |
Long-term debt, less current portion | 14,599 |  |  | 6,592 |  |  | 11,818 |  |  | (13,371 | ) |  | 19,638 |
Deferred income taxes | 1,060 |  | a | — |  |  | 3,382 |  |  | — |  |  | 4,442 |
Environmental and asset retirement obligations, less current portion | — |  |  | 310 |  |  | 3,452 |  |  | — |  |  | 3,762 |
Investments in consolidated subsidiaries | — |  |  | 483 |  |  | 7,775 |  |  | (8,258 | ) |  | — |
Other liabilities | 41 |  |  | 3,355 |  |  | 1,751 |  |  | (3,488 | ) |  | 1,659 |
Total liabilities | 18,414 |  |  | 11,400 |  |  | 32,960 |  |  | (28,847 | ) |  | 33,927 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 767 |  |  | — |  |  | 767 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 3,692 |  |  | (7,775 | ) |  | 4,966 |  |  | 2,809 |  |  | 3,692 |
Noncontrolling interests | — |  |  | — |  |  | 3,733 |  |  | 545 |  |  | 4,278 |
Total equity | 3,692 |  |  | (7,775 | ) |  | 8,699 |  |  | 3,354 |  |  | 7,970 |
Total liabilities and equity | $ | 22,106 |  |  | $ | 3,625 |  |  | $ | 42,426 |  |  | $ | (25,493 | ) |  | $ | 42,664 |
a. | All U.S. related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2015
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 181 |  |  | $ | 3,831 |  |  | $ | 10,982 |  |  | $ | (7,532 | ) |  | $ | 7,462 |
Property, plant, equipment and mining development costs, net | 26 |  |  | 57 |  |  | 27,426 |  |  | — |  |  | 27,509 |
Oil and gas properties, net - full cost method: |  |  |  |  |  |  |  |  |
Subject to amortization, less accumulated amortization and impairments | — |  |  | 710 |  |  | 1,552 |  |  | — |  |  | 2,262 |
Not subject to amortization | — |  |  | 1,393 |  |  | 3,432 |  |  | 6 |  |  | 4,831 |
Investments in consolidated subsidiaries | 24,311 |  |  | — |  |  | — |  |  | (24,311 | ) |  | — |
Other assets | 5,038 |  |  | 1,826 |  |  | 4,447 |  |  | (6,798 | ) |  | 4,513 |
Total assets | $ | 29,556 |  |  | $ | 7,817 |  |  | $ | 47,839 |  |  | $ | (38,635 | ) |  | $ | 46,577 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 6,012 |  |  | $ | 666 |  |  | $ | 5,155 |  |  | $ | (7,526 | ) |  | $ | 4,307 |
Long-term debt, less current portion | 14,735 |  |  | 5,883 |  |  | 11,594 |  |  | (12,433 | ) |  | 19,779 |
Deferred income taxes | 941 |  | a | — |  |  | 3,347 |  |  | — |  |  | 4,288 |
Environmental and asset retirement obligations, less current portion | — |  |  | 305 |  |  | 3,434 |  |  | — |  |  | 3,739 |
Investment in consolidated subsidiary | — |  |  | — |  |  | 2,397 |  |  | (2,397 | ) |  | — |
Other liabilities | 40 |  |  | 3,360 |  |  | 1,747 |  |  | (3,491 | ) |  | 1,656 |
Total liabilities | 21,728 |  |  | 10,214 |  |  | 27,674 |  |  | (25,847 | ) |  | 33,769 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 764 |  |  | — |  |  | 764 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders' equity | 7,828 |  |  | (2,397 | ) |  | 15,725 |  |  | (13,328 | ) |  | 7,828 |
Noncontrolling interests | — |  |  | — |  |  | 3,676 |  |  | 540 |  |  | 4,216 |
Total equity | 7,828 |  |  | (2,397 | ) |  | 19,401 |  |  | (12,788 | ) |  | 12,044 |
Total liabilities and equity | $ | 29,556 |  |  | $ | 7,817 |  |  | $ | 47,839 |  |  | $ | (38,635 | ) |  | $ | 46,577 |
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, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 78 |  |  | $ | 3,449 |  |  | $ | — |  |  | $ | 3,527 |
Total costs and expenses | 27 |  |  | 1,629 |  | a | 5,741 |  | a | 6 |  |  | 7,403 |
Operating loss | (27 | ) |  | (1,551 | ) |  | (2,292 | ) |  | (6 | ) |  | (3,876 | )
Interest expense, net | (137 | ) |  | (4 | ) |  | (114 | ) |  | 55 |  |  | (200 | )
Other income (expense), net | 50 |  |  | — |  |  | 42 |  |  | (54 | ) |  | 38 |
Loss before income taxes and equity in affiliated companies' net (losses) earnings | (114 | ) |  | (1,555 | ) |  | (2,364 | ) |  | (5 | ) |  | (4,038 | )
(Provision for) benefit from income taxes | (1,783 | ) |  | 616 |  |  | 1,095 |  |  | 2 |  |  | (70 | )
Equity in affiliated companies' net (losses) earnings | (2,286 | ) |  | (2,704 | ) |  | (3,630 | ) |  | 8,627 |  |  | 7 |
Net (loss) income | (4,183 | ) |  | (3,643 | ) |  | (4,899 | ) |  | 8,624 |  |  | (4,101 | )
Net income and preferred dividends attributable to noncontrolling interests | — |  |  | — |  |  | (77 | ) |  | (6 | ) |  | (83 | )
Net (loss) income attributable to common stockholders | $ | (4,183 | ) |  | $ | (3,643 | ) |  | $ | (4,976 | ) |  | $ | 8,618 |  |  | $ | (4,184 | )
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total comprehensive (loss) income | $ | (4,183 | ) |  | $ | (3,643 | ) |  | $ | (4,976 | ) |  | $ | 8,618 |  |  | $ | (4,184 | )
a. | Includes charges totaling $1.3 billion at the FM O&G LLC guarantor and $2.5 billion at the non-guarantor subsidiaries related to impairment of FCX's oil and gas properties pursuant to full cost accounting rules.
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 charges totaling $1.1 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.
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Three Months Ended March 31, 2016
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Cash flow from operating activities: |  |  |  |  |  |  |  |  |
Net (loss) income | $ | (4,183 | ) |  | $ | (3,643 | ) |  | $ | (4,899 | ) |  | $ | 8,624 |  |  | $ | (4,101 | )
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization | 1 |  |  | 51 |  |  | 677 |  |  | (7 | ) |  | 722 |
Impairment of oil and gas properties | — |  |  | 1,291 |  |  | 2,483 |  |  | 13 |  |  | 3,787 |
Equity in losses (earnings) of consolidated subsidiaries | 2,286 |  |  | 2,704 |  |  | 3,630 |  |  | (8,627 | ) |  | (7 | )
Other, net | 127 |  |  | 7 |  |  | 17 |  |  | — |  |  | 151 |
Changes in working capital and other tax payments | 1,652 |  |  | (442 | ) |  | (1,024 | ) |  | 2 |  |  | 188 |
Net cash (used in) provided by operating activities | (117 | ) |  | (32 | ) |  | 884 |  |  | 5 |  |  | 740 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (244 | ) |  | (736 | ) |  | (2 | ) |  | (982 | )
Intercompany loans | (561 | ) |  | (377 | ) |  | — |  |  | 938 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 358 |  |  | (41 | ) |  | 35 |  |  | (352 | ) |  | — |
Other, net | — |  |  | 2 |  |  | — |  |  | — |  |  | 2 |
Net cash (used in) provided by investing activities | (203 | ) |  | (660 | ) |  | (701 | ) |  | 584 |  |  | (980 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 1,060 |  |  | — |  |  | 736 |  |  | — |  |  | 1,796 |
Repayments of debt | (750 | ) |  | — |  |  | (692 | ) |  | — |  |  | (1,442 | )
Intercompany loans | — |  |  | 716 |  |  | 222 |  |  | (938 | ) |  | — |
Net proceeds from sale of common stock | 32 |  |  | — |  |  | 42 |  |  | (42 | ) |  | 32 |
Cash dividends and distributions paid, and contributions received | (4 | ) |  | — |  |  | (373 | ) |  | 355 |  |  | (22 | )
Other, net | (18 | ) |  | (24 | ) |  | (11 | ) |  | 36 |  |  | (17 | )
Net cash provided by (used in) financing activities | 320 |  |  | 692 |  |  | (76 | ) |  | (589 | ) |  | 347 |
Net increase in cash and cash equivalents | — |  |  | — |  |  | 107 |  |  | — |  |  | 107 |
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 224 |  |  | — |  |  | 224 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 331 |  |  | $ | — |  |  | $ | 331 |
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 | )
Changes in working capital and 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 |

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