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Guarantor Financial Statements (Unaudited) Guarantor Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2017
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2017
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 212 |  |  | $ | 738 |  |  | $ | 10,246 |  |  | $ | (779 | ) |  | $ | 10,417 |
Property, plant, equipment and mine development costs, net | 16 |  |  | 15 |  |  | 23,047 |  |  | (11 | ) |  | 23,067 |
Oil and gas properties, subject to amortization, less accumulated amortization and impairments | — |  |  | — |  |  | 48 |  |  | — |  |  | 48 |
Investments in consolidated subsidiaries | 20,379 |  |  | — |  |  | — |  |  | (20,379 | ) |  | — |
Other assets | 508 |  |  | 37 |  |  | 3,458 |  |  | (492 | ) |  | 3,511 |
Total assets | $ | 21,115 |  |  | $ | 790 |  |  | $ | 36,799 |  |  | $ | (21,661 | ) |  | $ | 37,043 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 2,497 |  |  | $ | 129 |  |  | $ | 3,183 |  |  | $ | (865 | ) |  | $ | 4,944 |
Long-term debt, less current portion | 11,028 |  |  | 6,397 |  |  | 5,613 |  |  | (9,900 | ) |  | 13,138 |
Deferred income taxes | 859 |  | a | — |  |  | 3,011 |  |  | — |  |  | 3,870 |
Environmental and asset retirement obligations, less current portion | — |  |  | 204 |  |  | 3,308 |  |  | — |  |  | 3,512 |
Investments in consolidated subsidiaries | — |  |  | 870 |  |  | 10,152 |  |  | (11,022 | ) |  | — |
Other liabilities | 59 |  |  | 3,342 |  |  | 1,671 |  |  | (3,486 | ) |  | 1,586 |
Total liabilities | 14,443 |  |  | 10,942 |  |  | 26,938 |  |  | (25,273 | ) |  | 27,050 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 6,672 |  |  | (10,152 | ) |  | 7,186 |  |  | 2,967 |  |  | 6,673 |
Noncontrolling interests | — |  |  | — |  |  | 2,675 |  |  | 645 |  |  | 3,320 |
Total equity | 6,672 |  |  | (10,152 | ) |  | 9,861 |  |  | 3,612 |  |  | 9,993 |
Total liabilities and equity | $ | 21,115 |  |  | $ | 790 |  |  | $ | 36,799 |  |  | $ | (21,661 | ) |  | $ | 37,043 |
a. | All U.S.-related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2016
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 230 |  |  | $ | 1,790 |  |  | $ | 11,675 |  |  | $ | (3,260 | ) |  | $ | 10,435 |
Property, plant, equipment and mine development costs, net | 19 |  |  | 24 |  |  | 23,176 |  |  | — |  |  | 23,219 |
Oil and gas properties, subject to amortization, less accumulated amortization and impairments | — |  |  | — |  |  | 74 |  |  | — |  |  | 74 |
Investments in consolidated subsidiaries | 21,110 |  |  | — |  |  | — |  |  | (21,110 | ) |  | — |
Other assets | 1,985 |  |  | 47 |  |  | 3,522 |  |  | (1,965 | ) |  | 3,589 |
Total assets | $ | 23,344 |  |  | $ | 1,861 |  |  | $ | 38,447 |  |  | $ | (26,335 | ) |  | $ | 37,317 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 3,895 |  |  | $ | 308 |  |  | $ | 3,306 |  |  | $ | (3,244 | ) |  | $ | 4,265 |
Long-term debt, less current portion | 12,517 |  |  | 6,062 |  |  | 11,297 |  |  | (15,081 | ) |  | 14,795 |
Deferred income taxes | 826 |  | a | — |  |  | 2,942 |  |  | — |  |  | 3,768 |
Environmental and asset retirement obligations, less current portion | — |  |  | 200 |  |  | 3,287 |  |  | — |  |  | 3,487 |
Investment in consolidated subsidiary | — |  |  | 893 |  |  | 8,995 |  |  | (9,888 | ) |  | — |
Other liabilities | 55 |  |  | 3,393 |  |  | 1,784 |  |  | (3,487 | ) |  | 1,745 |
Total liabilities | 17,293 |  |  | 10,856 |  |  | 31,611 |  |  | (31,700 | ) |  | 28,060 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 6,051 |  |  | (8,995 | ) |  | 4,237 |  |  | 4,758 |  |  | 6,051 |
Noncontrolling interests | — |  |  | — |  |  | 2,599 |  |  | 607 |  |  | 3,206 |
Total equity | 6,051 |  |  | (8,995 | ) |  | 6,836 |  |  | 5,365 |  |  | 9,257 |
Total liabilities and equity | $ | 23,344 |  |  | $ | 1,861 |  |  | $ | 38,447 |  |  | $ | (26,335 | ) |  | $ | 37,317 |
a. | All U.S.-related deferred income taxes are recorded at the parent company.
Condensed Consolidating Statements of Income [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Three Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 12 |  |  | $ | 3,699 |  |  | $ | — |  |  | $ | 3,711 |
Total costs and expenses | 14 |  |  | 11 |  |  | 3,007 |  |  | 10 |  |  | 3,042 |
Operating (loss) income | (14 | ) |  | 1 |  |  | 692 |  |  | (10 | ) |  | 669 |
Interest expense, net | (117 | ) |  | (55 | ) |  | (74 | ) |  | 84 |  |  | (162 | )
Other income (expense), net | 80 |  |  | — |  |  | 10 |  |  | (84 | ) |  | 6 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (51 | ) |  | (54 | ) |  | 628 |  |  | (10 | ) |  | 513 |
(Provision for) benefit from income taxes | (72 | ) |  | 19 |  |  | (136 | ) |  | 3 |  |  | (186 | )
Equity in affiliated companies’ net earnings (losses) | 391 |  |  | (26 | ) |  | (62 | ) |  | (304 | ) |  | (1 | )
Net income (loss) from continuing operations | 268 |  |  | (61 | ) |  | 430 |  |  | (311 | ) |  | 326 |
Net income from discontinued operations | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Net income (loss) | 268 |  |  | (61 | ) |  | 439 |  |  | (311 | ) |  | 335 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (46 | ) |  | (20 | ) |  | (66 | )
Discontinued operations | — |  |  | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net income (loss) attributable to common stockholders | $ | 268 |  |  | $ | (61 | ) |  | $ | 392 |  |  | $ | (331 | ) |  | $ | 268 |
Other comprehensive income (loss) | 81 |  |  | — |  |  | 81 |  |  | (81 | ) |  | 81 |
Total comprehensive income (loss) | $ | 349 |  |  | $ | (61 | ) |  | $ | 473 |  |  | $ | (412 | ) |  | $ | 349 |
Three Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 106 |  |  | $ | 3,228 |  |  | $ | — |  |  | $ | 3,334 |
Total costs and expenses | 17 |  |  | 964 |  | a | 2,335 |  | a | — |  |  | 3,316 |
Operating (loss) income | (17 | ) |  | (858 | ) |  | 893 |  |  | — |  |  | 18 |
Interest expense, net | (141 | ) |  | (15 | ) |  | (124 | ) |  | 84 |  |  | (196 | )
Other income (expense), net | 107 |  |  | — |  |  | 28 |  |  | (71 | ) |  | 64 |
(Loss) income before income taxes and equity in affiliated companies’ net (losses) earnings | (51 | ) |  | (873 | ) |  | 797 |  |  | 13 |  |  | (114 | )
(Provision for) benefit from income taxes | (345 | ) |  | 306 |  |  | (69 | ) |  | (8 | ) |  | (116 | )
Equity in affiliated companies’ net (losses) earnings | (90 | ) |  | (280 | ) |  | (853 | ) |  | 1,224 |  |  | 1 |
Net (loss) income from continuing operations | (486 | ) |  | (847 | ) |  | (125 | ) |  | 1,229 |  |  | (229 | )
Net income (loss) from discontinued operations | 5 |  |  | — |  |  | (175 | ) |  | (11 | ) |  | (181 | )
Net (loss) income | (481 | ) |  | (847 | ) |  | (300 | ) |  | 1,218 |  |  | (410 | )
Net income and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (50 | ) |  | (7 | ) |  | (57 | )
Discontinued operations | — |  |  | — |  |  | (12 | ) |  | — |  |  | (12 | )
Net (loss) income attributable to common stockholders | $ | (481 | ) |  | $ | (847 | ) |  | $ | (362 | ) |  | $ | 1,211 |  |  | $ | (479 | )
Other comprehensive income (loss) | 15 |  |  | — |  |  | 15 |  |  | (15 | ) |  | 15 |
Total comprehensive (loss) income | $ | (466 | ) |  | $ | (847 | ) |  | $ | (347 | ) |  | $ | 1,196 |  |  | $ | (464 | )
a. | Includes charges totaling $0.2 billion at the FM O&G LLC guarantor and $0.1 billion at the non-guarantor subsidiaries related to impairment of FCX’s oil and gas properties pursuant to full cost accounting rules.
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Six Months Ended June 30, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 25 |  |  | $ | 7,027 |  |  | $ | — |  |  | $ | 7,052 |
Total costs and expenses | 23 |  |  | 61 |  |  | 5,707 |  |  | 12 |  |  | 5,803 |
Operating (loss) income | (23 | ) |  | (36 | ) |  | 1,320 |  |  | (12 | ) |  | 1,249 |
Interest expense, net | (239 | ) |  | (108 | ) |  | (145 | ) |  | 163 |  |  | (329 | )
Other income (expense), net | 159 |  |  | — |  |  | 35 |  |  | (163 | ) |  | 31 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (103 | ) |  | (144 | ) |  | 1,210 |  |  | (12 | ) |  | 951 |
(Provision for) benefit from income taxes | (132 | ) |  | 50 |  |  | (282 | ) |  | 4 |  |  | (360 | )
Equity in affiliated companies’ net earnings (losses) | 731 |  |  | (6 | ) |  | (98 | ) |  | (624 | ) |  | 3 |
Net income (loss) from continuing operations | 496 |  |  | (100 | ) |  | 830 |  |  | (632 | ) |  | 594 |
Net income from discontinued operations | — |  |  | — |  |  | 47 |  |  | — |  |  | 47 |
Net income (loss) | 496 |  |  | (100 | ) |  | 877 |  |  | (632 | ) |  | 641 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (111 | ) |  | (30 | ) |  | (141 | )
Discontinued operations | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net income (loss) attributable to common stockholders | $ | 496 |  |  | $ | (100 | ) |  | $ | 762 |  |  | $ | (662 | ) |  | $ | 496 |
Other comprehensive income (loss) | 92 |  |  | — |  |  | 92 |  |  | (92 | ) |  | 92 |
Total comprehensive income (loss) | $ | 588 |  |  | $ | (100 | ) |  | $ | 854 |  |  | $ | (754 | ) |  | $ | 588 |
Six Months Ended June 30, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 184 |  |  | $ | 6,392 |  |  | $ | — |  |  | $ | 6,576 |
Total costs and expenses | 44 |  |  | 2,593 |  | a | 7,787 |  | a | 6 |  |  | 10,430 |
Operating loss | (44 | ) |  | (2,409 | ) |  | (1,395 | ) |  | (6 | ) |  | (3,854 | )
Interest expense, net | (278 | ) |  | (19 | ) |  | (238 | ) |  | 148 |  |  | (387 | )
Other income (expense), net | 157 |  |  | — |  |  | 68 |  |  | (125 | ) |  | 100 |
(Loss) income before income taxes and equity in affiliated companies’ net (losses) earnings | (165 | ) |  | (2,428 | ) |  | (1,565 | ) |  | 17 |  |  | (4,141 | )
(Provision for) benefit from income taxes | (2,128 | ) |  | 922 |  |  | 1,019 |  |  | (6 | ) |  | (193 | )
Equity in affiliated companies’ net (losses) earnings | (2,376 | ) |  | (2,984 | ) |  | (4,483 | ) |  | 9,851 |  |  | 8 |
Net (loss) income from continuing operations | (4,669 | ) |  | (4,490 | ) |  | (5,029 | ) |  | 9,862 |  |  | (4,326 | )
Net income (loss) from discontinued operations | 5 |  |  | — |  |  | (169 | ) |  | (21 | ) |  | (185 | )
Net (loss) income | (4,664 | ) |  | (4,490 | ) |  | (5,198 | ) |  | 9,841 |  |  | (4,511 | )
Net income and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (117 | ) |  | (13 | ) |  | (130 | )
Discontinued operations | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
Net (loss) income attributable to common stockholders | $ | (4,664 | ) |  | $ | (4,490 | ) |  | $ | (5,337 | ) |  | $ | 9,828 |  |  | $ | (4,663 | )
Other comprehensive income (loss) | 15 |  |  | — |  |  | 15 |  |  | (15 | ) |  | 15 |
Total comprehensive (loss) income | $ | (4,649 | ) |  | $ | (4,490 | ) |  | $ | (5,322 | ) |  | $ | 9,813 |  |  | $ | (4,648 | )
a. | Includes charges totaling $1.5 billion at the FM O&G LLC guarantor and $2.6 billion at the non-guarantor subsidiaries related to impairment of FCX’s oil and gas properties pursuant to full cost accounting rules.
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Six Months Ended June 30, 2017 | FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (96 | ) |  | $ | (284 | ) |  | $ | 2,209 |  |  | $ | — |  |  | $ | 1,829 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (23 | ) |  | (683 | ) |  | — |  |  | (706 | )
Intercompany loans | (427 | ) |  | — |  |  | — |  |  | 427 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,032 |  |  | (16 | ) |  | 62 |  |  | (1,078 | ) |  | — |
Asset sales and other, net | — |  |  | (5 | ) |  | 1 |  |  | — |  |  | (4 | )
Net cash provided by (used in) investing activities | 605 |  |  | (44 | ) |  | (620 | ) |  | (651 | ) |  | (710 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 606 |  |  | — |  |  | 606 |
Repayments of debt | (499 | ) |  | — |  |  | (751 | ) |  | — |  |  | (1,250 | )
Intercompany loans | — |  |  | 337 |  |  | 90 |  |  | (427 | ) |  | — |
Cash dividends paid and contributions received, net | (2 | ) |  | — |  |  | (1,064 | ) |  | 1,025 |  |  | (41 | )
Other, net | (8 | ) |  | (9 | ) |  | (55 | ) |  | 53 |  |  | (19 | )
Net cash (used in) provided by financing activities | (509 | ) |  | 328 |  |  | (1,174 | ) |  | 651 |  |  | (704 | )
Net increase in cash and cash equivalents | — |  |  | — |  |  | 415 |  |  | — |  |  | 415 |
Decrease in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Cash and cash equivalents at beginning of period | — |  |  | 3 |  |  | 4,242 |  |  | — |  |  | 4,245 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 3 |  |  | $ | 4,664 |  |  | $ | — |  |  | $ | 4,667 |
Six Months Ended June 30, 2016 | FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (173 | ) |  | $ | (90 | ) |  | $ | 1,875 |  |  | $ | 2 |  |  | $ | 1,614 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (433 | ) |  | (1,380 | ) |  | (2 | ) |  | (1,815 | )
Intercompany loans | (994 | ) |  | (493 | ) |  | — |  |  | 1,487 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,935 |  |  | (41 | ) |  | 78 |  |  | (1,972 | ) |  | — |
Asset sales and other, net | — |  |  | 91 |  |  | 1,189 |  |  | — |  |  | 1,280 |
Net cash provided by (used in) investing activities | 941 |  |  | (876 | ) |  | (113 | ) |  | (487 | ) |  | (535 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 1,505 |  |  | — |  |  | 1,306 |  |  | — |  |  | 2,811 |
Repayments of debt | (2,282 | ) |  | — |  |  | (1,367 | ) |  | — |  |  | (3,649 | )
Intercompany loans | — |  |  | 1,018 |  |  | 469 |  |  | (1,487 | ) |  | — |
Net proceeds from sale of common stock | 32 |  |  | — |  |  | 42 |  |  | (42 | ) |  | 32 |
Cash dividends paid and contributions received, net | (5 | ) |  | — |  |  | (1,989 | ) |  | 1,950 |  |  | (44 | )
Other, net | (18 | ) |  | (52 | ) |  | (17 | ) |  | 64 |  |  | (23 | )
Net cash (used in) provided by financing activities | (768 | ) |  | 966 |  |  | (1,556 | ) |  | 485 |  |  | (873 | )
Net increase in cash and cash equivalents | — |  |  | — |  |  | 206 |  |  | — |  |  | 206 |
Increase in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | (53 | ) |  | — |  |  | (53 | )
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 177 |  |  | — |  |  | 177 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 330 |  |  | $ | — |  |  | $ | 330 |

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