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Guarantor Financial Statements (Unaudited) Guarantor Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2018
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2018
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 544 |  |  | $ | 714 |  |  | $ | 10,012 |  |  | $ | (1,164 | ) |  | $ | 10,106 |
Property, plant, equipment and mine development costs, net | 14 |  |  | 7 |  |  | 22,780 |  |  | (9 | ) |  | 22,792 |
Investments in consolidated subsidiaries | 18,668 |  |  | — |  |  | — |  |  | (18,668 | ) |  | — |
Other assets | 561 |  |  | 34 |  |  | 3,255 |  |  | (111 | ) |  | 3,739 |
Total assets | $ | 19,787 |  |  | $ | 755 |  |  | $ | 36,047 |  |  | $ | (19,952 | ) |  | $ | 36,637 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 621 |  |  | $ | 117 |  |  | $ | 4,831 |  |  | $ | (1,225 | ) |  | $ | 4,344 |
Long-term debt, less current portion | 9,594 |  |  | 6,574 |  |  | 5,013 |  |  | (10,058 | ) |  | 11,123 |
Deferred income taxes | 745 |  | a | — |  |  | 2,897 |  |  | — |  |  | 3,642 |
Environmental and asset retirement obligations, less current portion | — |  |  | 203 |  |  | 3,427 |  |  | — |  |  | 3,630 |
Investments in consolidated subsidiaries | — |  |  | 860 |  |  | 10,338 |  |  | (11,198 | ) |  | — |
Other liabilities | 171 |  |  | 3,339 |  |  | 1,948 |  |  | (3,486 | ) |  | 1,972 |
Total liabilities | 11,131 |  |  | 11,093 |  |  | 28,454 |  |  | (25,967 | ) |  | 24,711 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 8,656 |  |  | (10,338 | ) |  | 4,901 |  |  | 5,437 |  |  | 8,656 |
Noncontrolling interests | — |  |  | — |  |  | 2,692 |  |  | 578 |  |  | 3,270 |
Total equity | 8,656 |  |  | (10,338 | ) |  | 7,593 |  |  | 6,015 |  |  | 11,926 |
Total liabilities and equity | $ | 19,787 |  |  | $ | 755 |  |  | $ | 36,047 |  |  | $ | (19,952 | ) |  | $ | 36,637 |
a. | All U.S.-related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2017
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 75 |  |  | $ | 671 |  |  | $ | 10,823 |  |  | $ | (790 | ) |  | $ | 10,779 |
Property, plant, equipment and mine development costs, net | 14 |  |  | 11 |  |  | 22,829 |  |  | (10 | ) |  | 22,844 |
Investments in consolidated subsidiaries | 19,570 |  |  | — |  |  | — |  |  | (19,570 | ) |  | — |
Other assets | 943 |  |  | 48 |  |  | 3,179 |  |  | (491 | ) |  | 3,679 |
Total assets | $ | 20,602 |  |  | $ | 730 |  |  | $ | 36,831 |  |  | $ | (20,861 | ) |  | $ | 37,302 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 1,683 |  |  | $ | 220 |  |  | $ | 4,073 |  |  | $ | (938 | ) |  | $ | 5,038 |
Long-term debt, less current portion | 10,021 |  |  | 6,512 |  |  | 5,440 |  |  | (10,270 | ) |  | 11,703 |
Deferred income taxes | 748 |  | a | — |  |  | 2,874 |  |  | — |  |  | 3,622 |
Environmental and asset retirement obligations, less current portion | — |  |  | 201 |  |  | 3,430 |  |  | — |  |  | 3,631 |
Investments in consolidated subsidiary | — |  |  | 853 |  |  | 10,397 |  |  | (11,250 | ) |  | — |
Other liabilities | 173 |  |  | 3,340 |  |  | 1,987 |  |  | (3,488 | ) |  | 2,012 |
Total liabilities | 12,625 |  |  | 11,126 |  |  | 28,201 |  |  | (25,946 | ) |  | 26,006 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 7,977 |  |  | (10,396 | ) |  | 5,916 |  |  | 4,480 |  |  | 7,977 |
Noncontrolling interests | — |  |  | — |  |  | 2,714 |  |  | 605 |  |  | 3,319 |
Total equity | 7,977 |  |  | (10,396 | ) |  | 8,630 |  |  | 5,085 |  |  | 11,296 |
Total liabilities and equity | $ | 20,602 |  |  | $ | 730 |  |  | $ | 36,831 |  |  | $ | (20,861 | ) |  | $ | 37,302 |
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 March 31, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 15 |  |  | $ | 4,853 |  |  | $ | — |  |  | $ | 4,868 |
Total costs and expenses | 9 |  |  | 8 |  |  | 3,393 |  |  | (1 | ) |  | 3,409 |
Operating (loss) income | (9 | ) |  | 7 |  |  | 1,460 |  |  | 1 |  |  | 1,459 |
Interest expense, net | (104 | ) |  | (64 | ) |  | (85 | ) |  | 102 |  |  | (151 | )
Other income (expense), net | 101 |  |  | — |  |  | 29 |  |  | (102 | ) |  | 28 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (12 | ) |  | (57 | ) |  | 1,404 |  |  | 1 |  |  | 1,336 |
(Provision for) benefit from income taxes | (83 | ) |  | 12 |  |  | (435 | ) |  | — |  |  | (506 | )
Equity in affiliated companies’ net earnings (losses) | 787 |  |  | (6 | ) |  | (34 | ) |  | (749 | ) |  | (2 | )
Net income (loss) from continuing operations | 692 |  |  | (51 | ) |  | 935 |  |  | (748 | ) |  | 828 |
Net loss from discontinued operations | — |  |  | — |  |  | (11 | ) |  | — |  |  | (11 | )
Net income (loss) | 692 |  |  | (51 | ) |  | 924 |  |  | (748 | ) |  | 817 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (71 | ) |  | (54 | ) |  | (125 | )
Net income (loss) attributable to common stockholders | $ | 692 |  |  | $ | (51 | ) |  | $ | 853 |  |  | $ | (802 | ) |  | $ | 692 |
Other comprehensive income (loss) | 12 |  |  | — |  |  | 12 |  |  | (12 | ) |  | 12 |
Total comprehensive income (loss) | $ | 704 |  |  | $ | (51 | ) |  | $ | 865 |  |  | $ | (814 | ) |  | $ | 704 |
Three Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 13 |  |  | $ | 3,328 |  |  | $ | — |  |  | $ | 3,341 |
Total costs and expenses | 8 |  |  | 50 |  |  | 2,684 |  |  | 2 |  |  | 2,744 |
Operating (loss) income | (8 | ) |  | (37 | ) |  | 644 |  |  | (2 | ) |  | 597 |
Interest expense, net | (122 | ) |  | (53 | ) |  | (71 | ) |  | 79 |  |  | (167 | )
Other income (expense), net | 78 |  |  | — |  |  | 9 |  |  | (79 | ) |  | 8 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (52 | ) |  | (90 | ) |  | 582 |  |  | (2 | ) |  | 438 |
(Provision for) benefit from income taxes | (60 | ) |  | 31 |  |  | (146 | ) |  | 1 |  |  | (174 | )
Equity in affiliated companies’ net earnings (losses) | 340 |  |  | 20 |  |  | (36 | ) |  | (320 | ) |  | 4 |
Net income (loss) from continuing operations | 228 |  |  | (39 | ) |  | 400 |  |  | (321 | ) |  | 268 |
Net income from discontinued operations | — |  |  | — |  |  | 38 |  |  | — |  |  | 38 |
Net income (loss) | 228 |  |  | (39 | ) |  | 438 |  |  | (321 | ) |  | 306 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (65 | ) |  | (10 | ) |  | (75 | )
Discontinued operations | — |  |  | — |  |  | (3 | ) |  | — |  |  | (3 | )
Net income (loss) attributable to common stockholders | $ | 228 |  |  | $ | (39 | ) |  | $ | 370 |  |  | $ | (331 | ) |  | $ | 228 |
Other comprehensive income (loss) | 11 |  |  | — |  |  | 11 |  |  | (11 | ) |  | 11 |
Total comprehensive income (loss) | $ | 239 |  |  | $ | (39 | ) |  | $ | 381 |  |  | $ | (342 | ) |  | $ | 239 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Three Months Ended March 31, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (156 | ) |  | $ | (70 | ) |  | $ | 1,595 |  |  | $ | — |  |  | $ | 1,369 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | — |  |  | (402 | ) |  | — |  |  | (402 | )
Intercompany loans | (184 | ) |  | — |  |  | — |  |  | 184 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,746 |  |  | — |  |  | 23 |  |  | (1,769 | ) |  | — |
Asset sales and other, net | — |  |  | — |  |  | (90 | ) |  | — |  |  | (90 | )
Net cash provided by (used in) investing activities | 1,562 |  |  | — |  |  | (469 | ) |  | (1,585 | ) |  | (492 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 122 |  |  | — |  |  | 122 |
Repayments of debt | (1,409 | ) |  | — |  |  | (224 | ) |  | — |  |  | (1,633 | )
Intercompany loans | — |  |  | 62 |  |  | 122 |  |  | (184 | ) |  | — |
Cash dividends paid and contributions received, net | — |  |  | — |  |  | (1,835 | ) |  | 1,755 |  |  | (80 | )
Other, net | 3 |  |  | — |  |  | (14 | ) |  | 14 |  |  | 3 |
Net cash (used in) provided by financing activities | (1,406 | ) |  | 62 |  |  | (1,829 | ) |  | 1,585 |  |  | (1,588 | )
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | (8 | ) |  | (703 | ) |  | — |  |  | (711 | )
Decrease in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | 32 |  |  | — |  |  | 32 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | — |  |  | 8 |  |  | 4,623 |  |  | — |  |  | 4,631 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 3,952 |  |  | $ | — |  |  | $ | 3,952 |
Three Months Ended March 31, 2017 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (112 | ) |  | $ | (200 | ) |  | $ | 1,104 |  |  | $ | — |  |  | $ | 792 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (10 | ) |  | (334 | ) |  | — |  |  | (344 | )
Intercompany loans | (277 | ) |  | — |  |  | — |  |  | 277 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 894 |  |  | — |  |  | 26 |  |  | (920 | ) |  | — |
Asset sales and other, net | — |  |  | (23 | ) |  | 6 |  |  | — |  |  | (17 | )
Net cash provided by (used in) investing activities | 617 |  |  | (33 | ) |  | (302 | ) |  | (643 | ) |  | (361 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 157 |  |  | — |  |  | 157 |
Repayments of debt | (499 | ) |  | — |  |  | (316 | ) |  | — |  |  | (815 | )
Intercompany loans | — |  |  | 236 |  |  | 41 |  |  | (277 | ) |  | — |
Cash dividends paid and contributions received, net | (1 | ) |  | — |  |  | (895 | ) |  | 880 |  |  | (16 | )
Other, net | (5 | ) |  | (6 | ) |  | (34 | ) |  | 40 |  |  | (5 | )
Net cash (used in) provided by financing activities | (505 | ) |  | 230 |  |  | (1,047 | ) |  | 643 |  |  | (679 | )
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | (3 | ) |  | (245 | ) |  | — |  |  | (248 | )
Decrease in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | 8 |  |  | — |  |  | 8 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | — |  |  | 11 |  |  | 4,392 |  |  | — |  |  | 4,403 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $ | — |  |  | $ | 8 |  |  | $ | 4,155 |  |  | $ | — |  |  | $ | 4,163 |

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