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Guarantor Financial Statements (Unaudited) Guarantor Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2017
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2017
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 197 |  |  | $ | 716 |  |  | $ | 10,948 |  |  | $ | (711 | ) |  | $ | 11,150 |
Property, plant, equipment and mine development costs, net | 15 |  |  | 11 |  |  | 22,899 |  |  | (11 | ) |  | 22,914 |
Oil and gas properties, subject to amortization, less accumulated amortization and impairments | — |  |  | — |  |  | 20 |  |  | — |  |  | 20 |
Investments in consolidated subsidiaries | 20,178 |  |  | — |  |  | — |  |  | (20,178 | ) |  | — |
Other assets | 479 |  |  | 36 |  |  | 3,193 |  |  | (465 | ) |  | 3,243 |
Total assets | $ | 20,869 |  |  | $ | 763 |  |  | $ | 37,060 |  |  | $ | (21,365 | ) |  | $ | 37,327 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 2,402 |  |  | $ | 111 |  |  | $ | 3,820 |  |  | $ | (816 | ) |  | $ | 5,517 |
Long-term debt, less current portion | 10,600 |  |  | 6,428 |  |  | 5,621 |  |  | (10,082 | ) |  | 12,567 |
Deferred income taxes | 832 |  | a | — |  |  | 2,939 |  |  | — |  |  | 3,771 |
Environmental and asset retirement obligations, less current portion | — |  |  | 208 |  |  | 3,290 |  |  | — |  |  | 3,498 |
Investments in consolidated subsidiaries | — |  |  | 850 |  |  | 10,174 |  |  | (11,024 | ) |  | — |
Other liabilities | 62 |  |  | 3,341 |  |  | 1,828 |  |  | (3,487 | ) |  | 1,744 |
Total liabilities | 13,896 |  |  | 10,938 |  |  | 27,672 |  |  | (25,409 | ) |  | 27,097 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 6,973 |  |  | (10,175 | ) |  | 6,782 |  |  | 3,393 |  |  | 6,973 |
Noncontrolling interests | — |  |  | — |  |  | 2,606 |  |  | 651 |  |  | 3,257 |
Total equity | 6,973 |  |  | (10,175 | ) |  | 9,388 |  |  | 4,044 |  |  | 10,230 |
Total liabilities and equity | $ | 20,869 |  |  | $ | 763 |  |  | $ | 37,060 |  |  | $ | (21,365 | ) |  | $ | 37,327 |
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 |
Investments 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 September 30, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 13 |  |  | $ | 4,297 |  |  | $ | — |  |  | $ | 4,310 |
Total costs and expenses | 8 |  |  | 25 |  |  | 3,361 |  |  | (1 | ) |  | 3,393 |
Operating (loss) income | (8 | ) |  | (12 | ) |  | 936 |  |  | 1 |  |  | 917 |
Interest expense, net | (116 | ) |  | (59 | ) |  | (218 | ) |  | 89 |  |  | (304 | )
Other income (expense), net | 97 |  |  | 3 |  |  | 2 |  |  | (89 | ) |  | 13 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (27 | ) |  | (68 | ) |  | 720 |  |  | 1 |  |  | 626 |
Benefit from (provision for) income taxes | 21 |  |  | 24 |  |  | (432 | ) |  | — |  |  | (387 | )
Equity in affiliated companies’ net earnings (losses) | 286 |  |  | 20 |  |  | (20 | ) |  | (283 | ) |  | 3 |
Net income (loss) from continuing operations | 280 |  |  | (24 | ) |  | 268 |  |  | (282 | ) |  | 242 |
Net income from discontinued operations | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Net income (loss) | 280 |  |  | (24 | ) |  | 271 |  |  | (282 | ) |  | 245 |
Net loss (income) attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | 69 |  |  | (34 | ) |  | 35 |
Discontinued operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income (loss) attributable to common stockholders | $ | 280 |  |  | $ | (24 | ) |  | $ | 340 |  |  | $ | (316 | ) |  | $ | 280 |
Other comprehensive income (loss) | 13 |  |  | — |  |  | 13 |  |  | (13 | ) |  | 13 |
Total comprehensive income (loss) | $ | 293 |  |  | $ | (24 | ) |  | $ | 353 |  |  | $ | (329 | ) |  | $ | 293 |
Three Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 110 |  |  | $ | 3,767 |  |  | $ | — |  |  | $ | 3,877 |
Total costs and expenses | 12 |  |  | 266 |  | a | 3,239 |  | a | 1 |  |  | 3,518 |
Operating (loss) income | (12 | ) |  | (156 | ) |  | 528 |  |  | (1 | ) |  | 359 |
Interest expense, net | (126 | ) |  | (18 | ) |  | (132 | ) |  | 89 |  |  | (187 | )
Other income (expense), net | 91 |  |  | — |  |  | (10 | ) |  | (76 | ) |  | 5 |
(Loss) income before income taxes and equity in affiliated companies’ net (losses) earnings | (47 | ) |  | (174 | ) |  | 386 |  |  | 12 |  |  | 177 |
Benefit from (provision for) income taxes | 343 |  |  | (197 | ) |  | (40 | ) |  | 8 |  |  | 114 |
Equity in affiliated companies’ net (losses) earnings | (75 | ) |  | (218 | ) |  | (589 | ) |  | 883 |  |  | 1 |
Net income (loss) from continuing operations | 221 |  |  | (589 | ) |  | (243 | ) |  | 903 |  |  | 292 |
Net (loss) income from discontinued operations | (4 | ) |  | — |  |  | 10 |  |  | (12 | ) |  | (6 | )
Net income (loss) | 217 |  |  | (589 | ) |  | (233 | ) |  | 891 |  |  | 286 |
Net income and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (24 | ) |  | (23 | ) |  | (47 | )
Discontinued operations | — |  |  | — |  |  | (22 | ) |  | — |  |  | (22 | )
Net income (loss) attributable to common stockholders | $ | 217 |  |  | $ | (589 | ) |  | $ | (279 | ) |  | $ | 868 |  |  | $ | 217 |
Other comprehensive income (loss) | 12 |  |  | — |  |  | 12 |  |  | (12 | ) |  | 12 |
Total comprehensive income (loss) | $ | 229 |  |  | $ | (589 | ) |  | $ | (267 | ) |  | $ | 856 |  |  | $ | 229 |
a. | Includes charges totaling $95 million at the FM O&G LLC guarantor and $0.2 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)
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 38 |  |  | $ | 11,324 |  |  | $ | — |  |  | $ | 11,362 |
Total costs and expenses | 31 |  |  | 86 |  |  | 9,068 |  |  | 11 |  |  | 9,196 |
Operating (loss) income | (31 | ) |  | (48 | ) |  | 2,256 |  |  | (11 | ) |  | 2,166 |
Interest expense, net | (355 | ) |  | (167 | ) |  | (363 | ) |  | 252 |  |  | (633 | )
Other income (expense), net | 256 |  |  | 3 |  |  | 37 |  |  | (252 | ) |  | 44 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (130 | ) |  | (212 | ) |  | 1,930 |  |  | (11 | ) |  | 1,577 |
(Provision for) benefit from income taxes | (111 | ) |  | 74 |  |  | (714 | ) |  | 4 |  |  | (747 | )
Equity in affiliated companies’ net earnings (losses) | 1,017 |  |  | 14 |  |  | (118 | ) |  | (907 | ) |  | 6 |
Net income (loss) from continuing operations | 776 |  |  | (124 | ) |  | 1,098 |  |  | (914 | ) |  | 836 |
Net income from discontinued operations | — |  |  | — |  |  | 50 |  |  | — |  |  | 50 |
Net income (loss) | 776 |  |  | (124 | ) |  | 1,148 |  |  | (914 | ) |  | 886 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (42 | ) |  | (64 | ) |  | (106 | )
Discontinued operations | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net income (loss) attributable to common stockholders | $ | 776 |  |  | $ | (124 | ) |  | $ | 1,102 |  |  | $ | (978 | ) |  | $ | 776 |
Other comprehensive income (loss) | 105 |  |  | — |  |  | 105 |  |  | (105 | ) |  | 105 |
Total comprehensive income (loss) | $ | 881 |  |  | $ | (124 | ) |  | $ | 1,207 |  |  | $ | (1,083 | ) |  | $ | 881 |
Nine Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 294 |  |  | $ | 10,159 |  |  | $ | — |  |  | $ | 10,453 |
Total costs and expenses | 56 |  |  | 2,859 |  | a | 11,026 |  | a | 7 |  |  | 13,948 |
Operating loss | (56 | ) |  | (2,565 | ) |  | (867 | ) |  | (7 | ) |  | (3,495 | )
Interest expense, net | (404 | ) |  | (37 | ) |  | (370 | ) |  | 237 |  |  | (574 | )
Other income (expense), net | 248 |  |  | — |  |  | 59 |  |  | (202 | ) |  | 105 |
(Loss) income before income taxes and equity in affiliated companies’ net (losses) earnings | (212 | ) |  | (2,602 | ) |  | (1,178 | ) |  | 28 |  |  | (3,964 | )
(Provision for) benefit from income taxes | (1,785 | ) |  | 725 |  |  | 979 |  |  | 2 |  |  | (79 | )
Equity in affiliated companies’ net (losses) earnings | (2,450 | ) |  | (3,202 | ) |  | (5,072 | ) |  | 10,733 |  |  | 9 |
Net (loss) income from continuing operations | (4,447 | ) |  | (5,079 | ) |  | (5,271 | ) |  | 10,763 |  |  | (4,034 | )
Net income (loss) from discontinued operations | 1 |  |  | — |  |  | (159 | ) |  | (33 | ) |  | (191 | )
Net (loss) income | (4,446 | ) |  | (5,079 | ) |  | (5,430 | ) |  | 10,730 |  |  | (4,225 | )
Net income and preferred dividends attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (141 | ) |  | (36 | ) |  | (177 | )
Discontinued operations | — |  |  | — |  |  | (44 | ) |  | — |  |  | (44 | )
Net (loss) income attributable to common stockholders | $ | (4,446 | ) |  | $ | (5,079 | ) |  | $ | (5,615 | ) |  | $ | 10,694 |  |  | $ | (4,446 | )
Other comprehensive income (loss) | 27 |  |  | — |  |  | 27 |  |  | (27 | ) |  | 27 |
Total comprehensive (loss) income | $ | (4,419 | ) |  | $ | (5,079 | ) |  | $ | (5,588 | ) |  | $ | 10,667 |  |  | $ | (4,419 | )
a. | Includes charges totaling $1.5 billion at the FM O&G LLC guarantor and $2.8 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
Nine Months Ended September 30, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (222 | ) |  | $ | (383 | ) |  | $ | 3,623 |  |  | $ | — |  |  | $ | 3,018 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (24 | ) |  | (996 | ) |  | — |  |  | (1,020 | )
Intercompany loans | (609 | ) |  | — |  |  | — |  |  | 609 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,757 |  |  | (16 | ) |  | 93 |  |  | (1,834 | ) |  | — |
Asset sales and other, net | — |  |  | 58 |  |  | (12 | ) |  | — |  |  | 46 |
Net cash provided by (used in) investing activities | 1,148 |  |  | 18 |  |  | (915 | ) |  | (1,225 | ) |  | (974 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 795 |  |  | — |  |  | 795 |
Repayments of debt | (915 | ) |  | (139 | ) |  | (937 | ) |  | — |  |  | (1,991 | )
Intercompany loans | — |  |  | 512 |  |  | 97 |  |  | (609 | ) |  | — |
Cash dividends paid and contributions received, net | (2 | ) |  | — |  |  | (1,839 | ) |  | 1,772 |  |  | (69 | )
Other, net | (9 | ) |  | (11 | ) |  | (64 | ) |  | 62 |  |  | (22 | )
Net cash (used in) provided by financing activities | (926 | ) |  | 362 |  |  | (1,948 | ) |  | 1,225 |  |  | (1,287 | )
Net increase in cash and cash equivalents | — |  |  | (3 | ) |  | 760 |  |  | — |  |  | 757 |
Increase in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | (45 | ) |  | — |  |  | (45 | )
Cash and cash equivalents at beginning of period | — |  |  | 3 |  |  | 4,242 |  |  | — |  |  | 4,245 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 4,957 |  |  | $ | — |  |  | $ | 4,957 |
Nine Months Ended September 30, 2016 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (264 | ) |  | $ | (294 | ) |  | $ | 3,151 |  |  | $ | 1 |  |  | $ | 2,594 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (497 | ) |  | (1,814 | ) |  | 2 |  |  | (2,309 | )
Intercompany loans | (1,021 | ) |  | (518 | ) |  | — |  |  | 1,539 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,643 |  |  | (41 | ) |  | 124 |  |  | (1,726 | ) |  | — |
Asset sales and other, net | — |  |  | 208 |  |  | 1,210 |  |  | (3 | ) |  | 1,415 |
Net cash provided by (used in) investing activities | 622 |  |  | (848 | ) |  | (480 | ) |  | (188 | ) |  | (894 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 1,721 |  |  | — |  |  | 1,742 |  |  | — |  |  | 3,463 |
Repayments of debt | (2,498 | ) |  | — |  |  | (2,041 | ) |  | — |  |  | (4,539 | )
Intercompany loans | — |  |  | 1,223 |  |  | 316 |  |  | (1,539 | ) |  | — |
Net proceeds from sale of common stock | 442 |  |  | — |  |  | 374 |  |  | (374 | ) |  | 442 |
Cash dividends paid and contributions received, net | (5 | ) |  | (78 | ) |  | (2,096 | ) |  | 2,087 |  |  | (92 | )
Other, net | (18 | ) |  | (2 | ) |  | (15 | ) |  | 13 |  |  | (22 | )
Net cash (used in) provided by financing activities | (358 | ) |  | 1,143 |  |  | (1,720 | ) |  | 187 |  |  | (748 | )
Net increase in cash and cash equivalents | — |  |  | 1 |  |  | 951 |  |  | — |  |  | 952 |
Increase in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | (43 | ) |  | — |  |  | (43 | )
Cash and cash equivalents at beginning of period | — |  |  | — |  |  | 177 |  |  | — |  |  | 177 |
Cash and cash equivalents at end of period | $ | — |  |  | $ | 1 |  |  | $ | 1,085 |  |  | $ | — |  |  | $ | 1,086 |

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