XML 61 R43.htm IDEA: XBRL DOCUMENT
v3.4.0.3

Guarantor Financial Statements (Unaudited) Condensed Consolidating Statements of Income (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Revenues | $ 3,527 |  | $ 4,153 |
Total costs and expenses | 7,403 |  | 7,116 |
Operating (loss) income | (3,876) |  | (2,963) |
Interest expense, net | (200) |  | (146) |
Other income (expense), net | 38 |  | 7 |
Loss before income taxes and equity in affiliated companies' net earnings | (4,038) |  | (3,102) |
(Provision for) benefit from income taxes | (70) |  | 695 |
Equity in affiliated companies' net (losses) earnings | 7 |  | 1 |
Net loss | (4,101) |  | (2,406) |
Net income and preferred dividends attributable to noncontrolling interests | (83) |  | (68) |
Net loss attributable to common stockholders | (4,184) |  | (2,474) |
Other comprehensive income (loss) | 0 |  | 12 |
Total comprehensive (loss) income | (4,184) |  | (2,462) |
Impairment of oil and gas properties | 3,787 |  | 3,104 |
FCX Issuer [Member] |  |  |  |
Revenues | 0 |  | 0 |
Total costs and expenses | 27 |  | 16 |
Operating (loss) income | (27) |  | (16) |
Interest expense, net | (137) |  | (115) |
Other income (expense), net | 50 |  | 29 |
Loss before income taxes and equity in affiliated companies' net earnings | (114) |  | (102) |
(Provision for) benefit from income taxes | (1,783) |  | (421) |
Equity in affiliated companies' net (losses) earnings | (2,286) |  | (1,951) |
Net loss | (4,183) |  | (2,474) |
Net income and preferred dividends attributable to noncontrolling interests | 0 |  | 0 |
Net loss attributable to common stockholders | (4,183) |  | (2,474) |
Other comprehensive income (loss) | 0 |  | 12 |
Total comprehensive (loss) income | (4,183) |  | (2,462) |
Impairment of oil and gas properties | 0 |  | 0 |
FM O&G LLC Guarantor [Member] |  |  |  |
Revenues | 78 |  | 181 |
Total costs and expenses | 1,629 | [1] | 1,318 | [2]
Operating (loss) income | (1,551) |  | (1,137) |
Interest expense, net | (4) |  | (4) |
Other income (expense), net | 0 |  | 0 |
Loss before income taxes and equity in affiliated companies' net earnings | (1,555) |  | (1,141) |
(Provision for) benefit from income taxes | 616 |  | 1,157 |
Equity in affiliated companies' net (losses) earnings | (2,704) |  | (2,359) |
Net loss | (3,643) |  | (2,343) |
Net income and preferred dividends attributable to noncontrolling interests | 0 |  | 0 |
Net loss attributable to common stockholders | (3,643) |  | (2,343) |
Other comprehensive income (loss) | 0 |  | 0 |
Total comprehensive (loss) income | (3,643) |  | (2,343) |
Impairment of oil and gas properties | 1,291 |  | 1,062 |
Non-Guarantor Subsidiaries [Member] |  |  |  |
Revenues | 3,449 |  | 3,972 |
Total costs and expenses | 5,741 | [1] | 5,798 | [2]
Operating (loss) income | (2,292) |  | (1,826) |
Interest expense, net | (114) |  | (57) |
Other income (expense), net | 42 |  | 8 |
Loss before income taxes and equity in affiliated companies' net earnings | (2,364) |  | (1,875) |
(Provision for) benefit from income taxes | 1,095 |  | (35) |
Equity in affiliated companies' net (losses) earnings | (3,630) |  | (3,530) |
Net loss | (4,899) |  | (5,440) |
Net income and preferred dividends attributable to noncontrolling interests | (77) |  | (56) |
Net loss attributable to common stockholders | (4,976) |  | (5,496) |
Other comprehensive income (loss) | 0 |  | 12 |
Total comprehensive (loss) income | (4,976) |  | (5,484) |
Impairment of oil and gas properties | 2,483 |  | 2,042 |
Eliminations [Member] |  |  |  |
Revenues | 0 |  | 0 |
Total costs and expenses | 6 |  | (16) |
Operating (loss) income | (6) |  | 16 |
Interest expense, net | 55 |  | 30 |
Other income (expense), net | (54) |  | (30) |
Loss before income taxes and equity in affiliated companies' net earnings | (5) |  | 16 |
(Provision for) benefit from income taxes | 2 |  | (6) |
Equity in affiliated companies' net (losses) earnings | 8,627 |  | 7,841 |
Net loss | 8,624 |  | 7,851 |
Net income and preferred dividends attributable to noncontrolling interests | (6) |  | (12) |
Net loss attributable to common stockholders | 8,618 |  | 7,839 |
Other comprehensive income (loss) | 0 |  | (12) |
Total comprehensive (loss) income | 8,618 |  | 7,827 |
Impairment of oil and gas properties | $ 13 |  | $ 0 |
[1] | 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.
[2] | 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.

X
- Definition The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Also includes, the amount recognized for the passage of time for environmental liabilities that have been discounted to their net present values. + References No definition available. + Details
Name: | fcx_InterestExpenseIncludingAccretion
Namespace Prefix: | fcx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest and the amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. + References No definition available. + Details
Name: | fcx_NetIncomeLossAttributabletoNoncontrollingInterestsandPreferredDividends
Namespace Prefix: | fcx_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831270 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Comprehensive Income -URI http://asc.fasb.org/extlink&oid=51831223 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e557-108580 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=51831255 + Details
Name: | us-gaap_ComprehensiveIncomeNetOfTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total costs of sales and operating expenses for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_CostsAndExpenses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 360 -Section 35 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28370743&loc=d3e66150-109466 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 + Details
Name: | us-gaap_ImpairmentOfOilAndGasProperties
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35755396&loc=d3e33749-111570 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.12) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 9 -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 11 -Article 7 + Details
Name: | us-gaap_IncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Income Tax Expense (or Benefit) -URI http://asc.fasb.org/extlink&oid=6515339 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1377-109256 + Details
Name: | us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_NonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References No definition available. + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=51664549&loc=SL4569616-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=51664549&loc=SL4569643-111683 + Details
Name: | us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=51664549&loc=SL4569616-111683 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591552-111686 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591551-111686 + Details
Name: | us-gaap_ProfitLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_SalesRevenueNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=fcx_FreeportMcMoRanOilGasMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_NonGuarantorSubsidiariesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_ConsolidationEliminationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |