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Debt (Tables)
3 Months Ended
Mar. 31, 2017
Debt Instrument, Redemption [Line Items]  
Schedule of Debt [Table Text Block]
DEBT

The components of debt follow (in millions):
 
 
March 31, 2017
 
December 31, 2016
Senior notes and debentures:
 
 
 
 
Issued by FCX
 
$
13,242

 
$
13,745

Issued by Freeport-McMoRan Oil & Gas LLC (FM O&G LLC)
 
267

 
267

Issued by FMC
 
358

 
359

Cerro Verde credit facility
 
1,267

 
1,390

Cerro Verde shareholder loans
 
224

 
261

Other
 
5

 
5

Total debta
 
15,363

 
16,027

Less current portion of debt
 
(2,228
)
 
(1,232
)
Long-term debt
 
$
13,135

 
$
14,795

a.
Includes additions for unamortized fair value adjustments totaling $171 million at March 31, 2017 ($179 million at December 31, 2016), and is net of reductions for unamortized net discounts and unamortized debt issuance costs totaling $95 million at March 31, 2017 ($100 million at December 31, 2016).