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Debt and Equity Transactions (Unaudited) Debt (Tables) | 6 Months Ended
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Jun. 30, 2016
Debt Instrument [Line Items] |
Schedule of Extinguishment of Debt [Table Text Block] | A summary of these debt extinguishments follows (in millions):
| Principal Amount |  | Discounts/Deferred Debt Issuance Costs |  | Book Value |  | Gain
3.55% Senior Notes due 2022 | $ | 85 |  |  | $ | — |  |  | $ | 85 |  |  | $ | 9 |
3.875% Senior Notes due 2023 | 52 |  |  | — |  |  | 52 |  |  | 6 |
5.40% Senior Notes due 2034 | 50 |  |  | 1 |  |  | 49 |  |  | 8 |
5.450% Senior Notes due 2043 | 81 |  |  | 1 |  |  | 80 |  |  | 16 |
Total | $ | 268 |  |  | $ | 2 |  |  | $ | 266 |  |  | $ | 39 |
Schedule of Debt [Table Text Block] | The components of debt follow (in millions):
| June 30, 2016 |  | December 31, 2015
Term Loan | $ | 2,446 |  |  | $ | 3,032 |
Revolving credit facility | — |  |  | — |
Cerro Verde credit facility | 1,784 |  |  | 1,781 |
Cerro Verde shareholder loans | 261 |  |  | 259 |
Lines of credit | 192 |  |  | 442 |
Senior notes and debentures: |  |  |
Issued by FCX | 11,648 |  |  | 11,908 |
Issued by Freeport-McMoRan Oil & Gas LLC (FM O&G LLC) | 2,524 |  |  | 2,539 |
Issued by FMC | 359 |  |  | 359 |
Other (including equipment capital leases and other short-term borrowings) | 105 |  |  | 108 |
Total debt a | 19,319 |  |  | 20,428 |
Less current portion of debt | (770 | ) |  | (649 | )
Long-term debt | $ | 18,549 |  |  | $ | 19,779 |
a. | Includes additions for unamortized fair value adjustments totaling $195 million at June 30, 2016, and $210 million at December 31, 2015, and net reductions for unamortized debt issuance costs and unamortized discounts of $120 million at June 30, 2016, and $129 million at December 31, 2015.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631 + Details
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