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Business Segments (Unaudited) | 3 Months Ended
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Mar. 31, 2016
Segment Reporting [Abstract] |
Business Segments | BUSINESS SEGMENTS FCX has organized its continuing mining operations into four primary divisions – North America copper mines, South America mining, Indonesia mining and Molybdenum mines, and operating segments that meet certain thresholds are reportable segments. For oil and gas operations, FCX determines its operating segments on a country-by-country basis. Separately disclosed in the following table are FCX's reportable segments, which include the Morenci, Cerro Verde and Grasberg copper mines, the Rod & Refining operations, the Atlantic Copper Smelting & Refining operation and the U.S. Oil & Gas operations. FCX's reportable segments previously included Africa mining, which consisted of the Tenke mine located in the DRC. As discussed in Note 1, FCX has entered into a definitive agreement to sell its interest in TFHL, and as a result, Tenke has been removed from continuing operations and reported as discontinued operations for all periods presented. Intersegment sales between FCX’s mining operations are based on similar arms-length transactions with third parties at the time of the sale. Intersegment sales may not be reflective of the actual prices ultimately realized because of a variety of factors, including additional processing, timing of sales to unaffiliated customers and transportation premiums. In addition, intersegment sales from Tenke to FCX's other consolidated subsidiaries have been eliminated in discontinued operations (refer to Note 1). FCX defers recognizing profits on sales from its mines to other divisions, including Atlantic Copper (FCX's wholly owned smelter and refinery in Spain) and on 25 percent of PT-FI's sales to PT Smelting (PT-FI's 25 percent-owned smelter and refinery in Indonesia), until final sales to third parties occur. Quarterly variations in ore grades, the timing of intercompany shipments and changes in product prices result in variability in FCX's net deferred profits and quarterly earnings. FCX allocates certain operating costs, expenses and capital expenditures to its operating divisions and individual segments. However, not all costs and expenses applicable to an operation are allocated. U.S. federal and state income taxes are recorded and managed at the corporate level (included in Corporate, Other & Eliminations), whereas foreign income taxes are recorded and managed at the applicable country level. In addition, most mining exploration and research activities are managed on a consolidated basis, and those costs along with some selling, general and administrative costs are not allocated to the operating divisions or individual segments. Accordingly, the following segment information reflects management determinations that may not be indicative of what the actual financial performance of each operating division or segment would be if it was an independent entity. Financial Information by Business Segments
(In millions) | Mining Operations |  |  |  |  |  |
| North America Copper Mines |  | South America |  | Indonesia |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Atlantic |  | Other |  |  |  |  |  | Corporate, |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Molyb- |  |  |  | Copper |  | Mining |  |  |  | U.S. |  | Other |  |
|  |  |  |  |  |  | Cerro |  |  |  |  |  |  |  | denum |  | Rod & |  | Smelting |  | & Elimi- |  | Total |  | Oil & Gas |  | & Elimi- |  | FCX
| Morenci |  | Other |  | Total |  | Verde |  | Other |  | Total |  | Grasberg |  | Mines |  | Refining |  | & Refining |  | nations |  | Mining |  | Operations |  | nations |  | Total
Three Months Ended March 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 162 |  |  | $ | 56 |  |  | $ | 218 |  |  | $ | 486 |  |  | $ | 144 |  |  | $ | 630 |  |  | $ | 498 |  | a | $ | — |  |  | $ | 971 |  |  | $ | 422 |  |  | $ | 208 |  | b | $ | 2,947 |  |  | $ | 295 |  |  | $ | — |  |  | $ | 3,242 |
Intersegment | 357 |  |  | 561 |  |  | 918 |  |  | 41 |  |  | — |  |  | 41 |  |  | 58 |  |  | 45 |  |  | 8 |  |  | 1 |  |  | (1,071 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 340 |  |  | 448 |  |  | 788 |  |  | 291 |  |  | 119 |  |  | 410 |  |  | 394 |  |  | 52 |  |  | 970 |  |  | 393 |  |  | (918 | ) |  | 2,089 |  |  | 407 |  | c | 3 |  |  | 2,499 |
Depreciation, depletion and amortization | 62 |  |  | 82 |  |  | 144 |  |  | 101 |  |  | 31 |  |  | 132 |  |  | 81 |  |  | 19 |  |  | 2 |  |  | 8 |  |  | 18 |  |  | 404 |  |  | 255 |  |  | 3 |  |  | 662 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,771 |  |  | 16 |  | d | 3,787 |
Selling, general and administrative expenses | — |  |  | 1 |  |  | 1 |  |  | 2 |  |  | — |  |  | 2 |  |  | 14 |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  |  | 25 |  |  | 49 |  |  | 64 |  |  | 138 |
Mining exploration and research expenses | — |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Environmental obligations and shutdown costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10 |  |  | 10 |  |  | — |  |  | — |  |  | 10 |
Operating income (loss) | 117 |  |  | 85 |  |  | 202 |  |  | 133 |  |  | (6 | ) |  | 127 |  |  | 67 |  |  | (26 | ) |  | 7 |  |  | 18 |  |  | 6 |  |  | 401 |  |  | (4,187 | ) |  | (86 | ) |  | (3,872 | )
Interest expense, net | 1 |  |  | — |  |  | 1 |  |  | 22 |  |  | — |  |  | 22 |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 20 |  |  | 47 |  |  | 71 |  |  | 73 |  |  | 191 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | 45 |  |  | (6 | ) |  | 39 |  |  | 36 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 75 |  |  | — |  |  | 2 |  |  | 77 |
Total assets at March 31, 2016 | 3,490 |  |  | 4,751 |  |  | 8,241 |  |  | 9,495 |  |  | 1,623 |  |  | 11,118 |  |  | 9,354 |  |  | 1,983 |  |  | 236 |  |  | 653 |  |  | 6,380 |  | e | 37,965 |  |  | 4,360 |  |  | 339 |  |  | 42,664 |
Capital expenditures | 28 |  |  | 6 |  |  | 34 |  |  | 156 |  |  | 1 |  |  | 157 |  |  | 225 |  |  | 1 |  |  | 1 |  |  | 2 |  |  | 39 |  | e | 459 |  |  | 480 |  | f | 43 |  |  | 982 |
Three Months Ended March 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unaffiliated customers | $ | 106 |  |  | $ | 115 |  |  | $ | 221 |  |  | $ | 248 |  |  | $ | 231 |  |  | $ | 479 |  |  | $ | 621 |  | a | $ | — |  |  | $ | 1,062 |  |  | $ | 540 |  |  | $ | 348 |  | b | $ | 3,271 |  |  | $ | 500 |  | g | $ | — |  |  | $ | 3,771 |
Intersegment | 450 |  |  | 664 |  |  | 1,114 |  |  | 14 |  |  | (7 | ) | h | 7 |  |  | (14 | ) | h | 113 |  |  | 7 |  |  | 6 |  |  | (1,233 | ) |  | — |  |  | — |  |  | — |  |  | — |
Production and delivery | 374 |  |  | 569 |  |  | 943 |  |  | 198 |  |  | 147 |  |  | 345 |  |  | 439 |  |  | 83 |  |  | 1,063 |  |  | 519 |  |  | (999 | ) |  | 2,393 |  |  | 283 |  | c | 3 |  |  | 2,679 |
Depreciation, depletion and amortization | 51 |  |  | 82 |  |  | 133 |  |  | 37 |  |  | 38 |  |  | 75 |  |  | 70 |  |  | 26 |  |  | 2 |  |  | 10 |  |  | 16 |  |  | 332 |  |  | 530 |  |  | 4 |  |  | 866 |
Impairment of oil and gas properties | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,104 |  |  | — |  |  | 3,104 |
Selling, general and administrative expenses | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | 25 |  |  | — |  |  | — |  |  | 5 |  |  | 6 |  |  | 38 |  |  | 54 |  |  | 59 |  |  | 151 |
Mining exploration and research expenses | — |  |  | 3 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 24 |  |  | 27 |  |  | — |  |  | — |  |  | 27 |
Environmental obligations and shutdown costs | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | 13 |  |  | — |  |  | — |  |  | 13 |
Net gain on sale of assets | — |  |  | (39 | ) |  | (39 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (39 | ) |  | — |  |  | — |  |  | (39 | )
Operating income (loss) | 130 |  |  | 164 |  |  | 294 |  |  | 26 |  |  | 39 |  |  | 65 |  |  | 73 |  |  | 4 |  |  | 4 |  |  | 12 |  |  | 55 |  |  | 507 |  |  | (3,471 | ) |  | (66 | ) |  | (3,030 | )
Interest expense, net | 1 |  |  | — |  |  | 1 |  |  | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 40 |  |  | 45 |  |  | 37 |  |  | 57 |  |  | 139 |
Provision for (benefit from) income taxes | — |  |  | — |  |  | — |  |  | 5 |  |  | 19 |  |  | 24 |  |  | 29 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 53 |  |  | — |  |  | (767 | ) |  | (714 | )
Total assets at March 31, 2015 | 3,802 |  |  | 5,646 |  |  | 9,448 |  |  | 7,991 |  |  | 1,970 |  |  | 9,961 |  |  | 8,882 |  |  | 2,075 |  |  | 314 |  |  | 809 |  |  | 6,487 |  | e | 37,976 |  |  | 17,887 |  |  | 202 |  |  | 56,065 |
Capital expenditures | 84 |  |  | 23 |  |  | 107 |  |  | 431 |  |  | 14 |  |  | 445 |  |  | 225 |  |  | 3 |  |  | 1 |  |  | 4 |  |  | 49 |  | e | 834 |  |  | 1,018 |  | f | 15 |  |  | 1,867 |
a. | Includes PT-FI’s sales to PT Smelting totaling $277 million in first-quarter 2016 and $350 million in first-quarter 2015.
b. | Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.
c. | Includes charges at oil and gas operations totaling (i) $165 million in first-quarter 2016 and $13 million in first-quarter 2015 for idle rig costs and (ii) $35 million in first-quarter 2016 and $4 million in first-quarter 2015 primarily for inventory write downs.
d. | Reflects impairment charges for international oil and gas properties primarily in Morocco.
e. | Includes (i) assets held for sale totaling $4.9 billion at March 31, 2016 and 2015, and (ii) capital expenditures totaling $35 million in first-quarter 2016 and $39 million in first-quarter 2015 associated with discontinued operations. Refer to Note 1 for a summary of the results of discontinued operations.
f. | Excludes international oil and gas capital expenditures totaling $43 million in first-quarter 2016 and $15 million in first-quarter 2015, primarily related to the Morocco oil and gas properties, which are included in Corporate, Other & Eliminations.
g. | Includes net mark-to-market gains of $52 million associated with crude oil derivative contracts.
h. | Reflects net reductions for provisional pricing adjustments to prior period open sales.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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