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QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Footnotes) (Details) - USD ($)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Schedule of Quarterly Financial Information [Line Items]                        
Loss on derivative instruments                   $ 35 $ (87) $ (504)
Oil and Gas Idle rig costs, inventory adjustments, asset impairments and other   $ 142 $ 50 $ 729 $ 201 $ 129 $ 21 $ 22 $ 17 $ 1,100 188  
Oil and Gas Idle Rig Costs, Inventory Adjustments, Asset Impairments and Other, Net of Taxes           $ 81 $ 13 $ 14 $ 10   $ 117  
Oil and Gas Idle Rig Costs, Inventory Adjustments, Asset Impairments and Other, Amount per Share   $ 0.09 $ 0.03 $ 0.57 $ 0.16 $ 0.07 $ 0.01 $ 0.01 $ 0.01 $ 0.84 $ 0.11  
Metals inventory adjustments   $ (9) $ (20) $ (2) $ (5) $ (184) $ (91) $ (59) $ (4) $ (36) $ (338) (6)
Metal inventory adjustment, net of tax           $ 118 $ 58 $ 38 3   $ 217  
Metal inventory adjustment (usd per share)   $ 0.01 $ 0.01     $ 0.10 $ 0.05 $ 0.04   $ 0.03 $ 0.20  
Impairment of oil and gas properties     $ 239 $ 291 $ 3,800 $ 3,700 $ 3,700 $ 2,700 3,100 $ 4,317 $ 13,144 3,737
Impairment of oil and gas properties, net of tax           $ 3,700 $ 3,500 $ 2,000 $ 2,400   $ 11,600  
Impairment of oil and gas properties (usd per share)     $ 0.18 $ 0.23 $ 3.03 $ 3.18 $ 3.25 $ 1.90 $ 2.31 $ 3.28 $ 10.72  
Net gain on sales of assets   $ (113)   $ 13 $ 749       $ 39 $ 649 $ 39 $ 717
Net gains on sales of assets, net of tax   $ (108)   $ 13 $ 744       $ 25 $ 649 $ 25  
Net gains on sales of assets (usd per share)   $ (0.08)   $ 0.01 $ 0.59       $ 0.02 $ 0.49 $ 0.02  
Restructuring and asset impairment charges   $ 16 $ 17     $ 53 $ 92     $ 33 $ 145  
Restructuring and asset impairment charges, net of tax   5 $ 9     $ 34 $ 56     $ 14 $ 90  
Restructuring and asset impairment charges (usd per share)     $ 0.01     $ 0.03 $ 0.05     $ 0.01 $ 0.08  
Gain (loss) on exchange and early extinguishment of debt   $ (25) $ 15 $ 39 $ (3)         $ 26    
Gain (loss) on exchange and early extinguishment of debt (usd per share)   $ (0.02) $ 0.01 $ 0.03           $ 0.02    
Gain on proceeds received from insurance               $ 92        
Gain on proceeds received from insurance (usd per share)               $ 0.09        
Earnings per share, basic and diluted (in dollars per share)   $ 0.21 $ 0.16 $ (0.38) $ (3.35) $ (3.47) $ (3.58) $ (1.78) $ (2.38) $ (3.16) $ (11.31) $ (1.26)
TF Holdings Limited | Disposed of by Sale, Discontinued Operations                        
Schedule of Quarterly Financial Information [Line Items]                        
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax   $ (16) $ (5) $ (177)           $ (198)    
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Per Basic and Diluted Share   $ (0.01)   $ (0.14)           $ (0.15)    
Freeport-McMoRan Oil & Gas | Deepwater Gulf of Mexico and onshore California oil and gas properties                        
Schedule of Quarterly Financial Information [Line Items]                        
Gain on redemption of preferred stock $ 199 $ 199               $ 199    
Gain (Loss) on Disposition of Stock in Subsidiary or Equity Method Investee, Amount Per Share   $ 0.14               $ 0.15    
Crude Oil and Natural Gas Swaps [Member]                        
Schedule of Quarterly Financial Information [Line Items]                        
Loss on derivative instruments   $ 41       $ 102 $ 74 $ 95 $ 48 $ 41 $ 319  
Loss on derivative instruments, net of tax   $ 41       $ 63 $ 46 $ 59 $ 30 $ 41 $ 198  
Loss on derivative instruments (usd per share)   $ 0.03       $ 0.05 $ 0.04 $ 0.06 $ 0.03 $ 0.03 $ 0.18