XML 38 R20.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Dispositions (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Assets and Liabilities Disposed of by Sale in Period of Disposition | The carrying amounts of TFHL's major classes of assets, liabilities and noncontrolling interests, which are presented as held for sale in the consolidated balance sheets, follow (in millions):
| June 30, 2016 |  | December 31, 2015
Assets |  |  |
Cash and cash equivalents | $ | 78 |  |  | $ | 29 |
Inventories | 1,152 |  |  | 584 |
Receivables and other current assets | 154 |  |  | 131 |
Property, plant, equipment and mining development costs, net | 3,056 |  |  | — |
Other assets | 226 |  |  | — |
Total current assets held for sale | $ | 4,666 |  |  | $ | 744 |
Property, plant, equipment and mining development costs, net | $ | — |  |  | $ | 3,261 |
Inventories | — |  |  | 608 |
Other assets | — |  |  | 241 |
Total long-term assets held for sale | $ | — |  |  | $ | 4,110 |
Liabilities |  |  |
Accounts payable and accrued liabilities | $ | 99 |  |  | $ | 108 |
Deferred income taxes | 679 |  |  | — |
Asset retirement obligations and other liabilities | 46 |  |  | — |
Total current liabilities held for sale | $ | 824 |  |  | $ | 108 |
Deferred income taxes | $ | — |  |  | $ | 681 |
Asset retirement obligations and other liabilities | — |  |  | 37 |
Total long-term liabilities held for sale | $ | — |  |  | $ | 718 |
Noncontrolling interests | $ | 1,185 |  |  | $ | 1,178 |
Disposal Groups, Including Discontinued Operations | Net (loss) income from discontinued operations in the consolidated statements of operations consists of the following (in millions):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Revenues a | $ | 272 |  |  | $ | 310 |  |  | $ | 558 |  |  | $ | 692 |
Costs and expenses: |  |  |  |  |  |  |
Production and delivery costs | 256 |  |  | 197 |  |  | 482 |  |  | 430 |
Depreciation, depletion and amortization | 20 |  | b | 57 |  |  | 80 |  | b | 130 |
Interest expense allocated from parent c | 11 |  |  | 7 |  |  | 21 |  |  | 14 |
Other costs and expenses, net | 5 |  |  | 8 |  |  | 6 |  |  | 17 |
(Loss) income before income taxes and estimated loss on disposal | (20 | ) |  | 41 |  |  | (31 | ) |  | 101 |
Estimated loss on disposal d | (177 | ) |  | — |  |  | (177 | ) |  | — |
Net (loss) income before income taxes | (197 | ) |  | 41 |  |  | (208 | ) |  | 101 |
Benefit from (provision for) income taxes | 16 |  |  | (12 | ) |  | 23 |  |  | (31 | )
Net (loss) income from discontinued operations | $ | (181 | ) |  | $ | 29 |  |  | $ | (185 | ) |  | $ | 70 |
a. | In accordance with accounting guidance, amounts are net of eliminations of intercompany sales totaling $41 million in both second-quarter 2016 and 2015, $73 million for the first six months of 2016 and $69 million for the first six months of 2015.
b. | In accordance with accounting guidance, depreciation, depletion and amortization is not recognized subsequent to classification as assets held for sale.
c. | In accordance with accounting guidance, interest associated with FCX's Term Loan that will be required to be repaid as a result of the sale of TFHL has been allocated to discontinued operations.
d. | In accordance with accounting guidance, an estimated loss on disposal was recorded, which will be adjusted through closing of the transaction.
Cash Flows from Discontinued Operations | Cash flows from discontinued operations included in the consolidated statements of cash flows follow (in millions):
| Six Months Ended
| June 30,
| 2016 |  | 2015
Net cash provided by operating activities | $ | 157 |  |  | $ | 153 |
Net cash used in investing activities | (57 | ) |  | (105 | )
Net cash used in financing activities | (51 | ) |  | (47 | )
Increase in cash and cash equivalents in assets held for sale | $ | 49 |  |  | $ | 1 |

X
- Definition Cash Flows from Discontinued Operations [Table Text Block] + References No definition available. + Details
Name: | fcx_CashFlowsfromDiscontinuedOperationsTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition [Table Text Block] for In the period of disposition, for each asset and liabilities to be disposed of by sale, this table may disclose: a description of the disposed asset or liability, the loss realized at the time of disposition of the asset or liability, the income statement classification of the loss on disposition, the method of disposal (for example, abandonment, distribution in a spin-off) and the segment classification of the disposed asset. + References No definition available. + Details
Name: | fcx_ScheduleofAssetsandLiabilitiesDisposedofbySaleinPeriodofDispositionTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration