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Guarantor Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2018
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET June 30, 2018
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 619 |  |  | $ | 783 |  |  | $ | 10,220 |  |  | $ | (1,279 | ) |  | $ | 10,343 |
Property, plant, equipment and mine development costs, net | 19 |  |  | 4 |  |  | 22,900 |  |  | — |  |  | 22,923 |
Investments in consolidated subsidiaries | 19,003 |  |  | — |  |  | — |  |  | (19,003 | ) |  | — |
Other assets | 547 |  |  | 53 |  |  | 3,239 |  |  | (77 | ) |  | 3,762 |
Total assets | $ | 20,188 |  |  | $ | 840 |  |  | $ | 36,359 |  |  | $ | (20,359 | ) |  | $ | 37,028 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 237 |  |  | $ | 120 |  |  | $ | 4,837 |  |  | $ | (1,395 | ) |  | $ | 3,799 |
Long-term debt, less current portion | 9,594 |  |  | 6,686 |  |  | 5,054 |  |  | (10,211 | ) |  | 11,123 |
Deferred income taxes | 727 |  | a | — |  |  | 2,975 |  |  | — |  |  | 3,702 |
Environmental and asset retirement obligations, less current portion | — |  |  | 206 |  |  | 3,425 |  |  | — |  |  | 3,631 |
Investments in consolidated subsidiaries | — |  |  | 857 |  |  | 10,368 |  |  | (11,225 | ) |  | — |
Other liabilities | 156 |  |  | 3,339 |  |  | 1,922 |  |  | (3,486 | ) |  | 1,931 |
Total liabilities | 10,714 |  |  | 11,208 |  |  | 28,581 |  |  | (26,317 | ) |  | 24,186 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 9,474 |  |  | (10,368 | ) |  | 4,985 |  |  | 5,383 |  |  | 9,474 |
Noncontrolling interests | — |  |  | — |  |  | 2,793 |  |  | 575 |  |  | 3,368 |
Total equity | 9,474 |  |  | (10,368 | ) |  | 7,778 |  |  | 5,958 |  |  | 12,842 |
Total liabilities and equity | $ | 20,188 |  |  | $ | 840 |  |  | $ | 36,359 |  |  | $ | (20,359 | ) |  | $ | 37,028 |
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 |  |  | $ | 10,733 |  |  | $ | (790 | ) |  | $ | 10,689 |
Property, plant, equipment and mine development costs, net | 14 |  |  | 11 |  |  | 22,919 |  |  | (10 | ) |  | 22,934 |
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 |  |  | $ | 4,046 |  |  | $ | (938 | ) |  | $ | 5,011 |
Long-term debt, less current portion | 10,021 |  |  | 6,512 |  |  | 5,440 |  |  | (10,270 | ) |  | 11,703 |
Deferred income taxes | 748 |  | a | — |  |  | 2,901 |  |  | — |  |  | 3,649 |
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 June 30, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 16 |  |  | $ | 5,152 |  |  | $ | — |  |  | $ | 5,168 |
Total costs and expenses | 4 |  |  | (16 | ) |  | 3,525 |  |  | (9 | ) |  | 3,504 |
Operating (loss) income | (4 | ) |  | 32 |  |  | 1,627 |  |  | 9 |  |  | 1,664 |
Interest expense, net | (97 | ) |  | (76 | ) |  | (92 | ) |  | 123 |  |  | (142 | )
Other income (expense), net | 132 |  |  | 2 |  |  | 18 |  |  | (123 | ) |  | 29 |
Income (loss) before income taxes and equity in affiliated companies’ net earnings (losses) | 31 |  |  | (42 | ) |  | 1,553 |  |  | 9 |  |  | 1,551 |
(Provision for) benefit from income taxes | (11 | ) |  | 10 |  |  | (512 | ) |  | (2 | ) |  | (515 | )
Equity in affiliated companies’ net earnings (losses) | 849 |  |  | 2 |  |  | (45 | ) |  | (803 | ) |  | 3 |
Net income (loss) from continuing operations | 869 |  |  | (30 | ) |  | 996 |  |  | (796 | ) |  | 1,039 |
Net loss from discontinued operations | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net income (loss) | 869 |  |  | (30 | ) |  | 992 |  |  | (796 | ) |  | 1,035 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (102 | ) |  | (64 | ) |  | (166 | )
Net income (loss) attributable to common stockholders | $ | 869 |  |  | $ | (30 | ) |  | $ | 890 |  |  | $ | (860 | ) |  | $ | 869 |
Other comprehensive income (loss) | 11 |  |  | — |  |  | 11 |  |  | (11 | ) |  | 11 |
Total comprehensive income (loss) | $ | 880 |  |  | $ | (30 | ) |  | $ | 901 |  |  | $ | (871 | ) |  | $ | 880 |
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 |  |  | 2,990 |  |  | 10 |  |  | 3,025 |
Operating (loss) income | (14 | ) |  | 1 |  |  | 709 |  |  | (10 | ) |  | 686 |
Interest expense, net | (117 | ) |  | (55 | ) |  | (74 | ) |  | 84 |  |  | (162 | )
Other income (expense), net | 80 |  |  | — |  |  | (7 | ) |  | (84 | ) |  | (11 | )
(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 |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Six Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 31 |  |  | $ | 10,005 |  |  | $ | — |  |  | $ | 10,036 |
Total costs and expenses | 13 |  |  | (8 | ) |  | 6,918 |  |  | (10 | ) |  | 6,913 |
Operating (loss) income | (13 | ) |  | 39 |  |  | 3,087 |  |  | 10 |  |  | 3,123 |
Interest expense, net | (201 | ) |  | (140 | ) |  | (177 | ) |  | 225 |  |  | (293 | )
Other income (expense), net | 233 |  |  | 2 |  |  | 47 |  |  | (225 | ) |  | 57 |
Income (loss) before income taxes and equity in affiliated companies’ net earnings (losses) | 19 |  |  | (99 | ) |  | 2,957 |  |  | 10 |  |  | 2,887 |
(Provision for) benefit from income taxes | (94 | ) |  | 22 |  |  | (947 | ) |  | (2 | ) |  | (1,021 | )
Equity in affiliated companies’ net earnings (losses) | 1,636 |  |  | (4 | ) |  | (79 | ) |  | (1,552 | ) |  | 1 |
Net income (loss) from continuing operations | 1,561 |  |  | (81 | ) |  | 1,931 |  |  | (1,544 | ) |  | 1,867 |
Net loss from discontinued operations | — |  |  | — |  |  | (15 | ) |  | — |  |  | (15 | )
Net income (loss) | 1,561 |  |  | (81 | ) |  | 1,916 |  |  | (1,544 | ) |  | 1,852 |
Net income attributable to noncontrolling interests: |  |  |  |  |  |  |  |  |
Continuing operations | — |  |  | — |  |  | (173 | ) |  | (118 | ) |  | (291 | )
Net income (loss) attributable to common stockholders | $ | 1,561 |  |  | $ | (81 | ) |  | $ | 1,743 |  |  | $ | (1,662 | ) |  | $ | 1,561 |
Other comprehensive income (loss) | 23 |  |  | — |  |  | 23 |  |  | (23 | ) |  | 23 |
Total comprehensive income (loss) | $ | 1,584 |  |  | $ | (81 | ) |  | $ | 1,766 |  |  | $ | (1,685 | ) |  | $ | 1,584 |
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 | 22 |  |  | 61 |  |  | 5,674 |  |  | 12 |  |  | 5,769 |
Operating (loss) income | (22 | ) |  | (36 | ) |  | 1,353 |  |  | (12 | ) |  | 1,283 |
Interest expense, net | (239 | ) |  | (108 | ) |  | (145 | ) |  | 163 |  |  | (329 | )
Other income (expense), net | 158 |  |  | — |  |  | 2 |  |  | (163 | ) |  | (3 | )
(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 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Six Months Ended June 30, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (163 | ) |  | $ | (184 | ) |  | $ | 3,025 |  |  | $ | — |  |  | $ | 2,678 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (2 | ) |  | — |  |  | (882 | ) |  | — |  |  | (884 | )
Intercompany loans | (442 | ) |  | — |  |  | — |  |  | 442 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 2,519 |  |  | — |  |  | 45 |  |  | (2,564 | ) |  | — |
Asset sales and other, net | 4 |  |  | 1 |  |  | (91 | ) |  | — |  |  | (86 | )
Net cash provided by (used in) investing activities | 2,079 |  |  | 1 |  |  | (928 | ) |  | (2,122 | ) |  | (970 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 352 |  |  | — |  |  | 352 |
Repayments of debt | (1,826 | ) |  | (52 | ) |  | (419 | ) |  | — |  |  | (2,297 | )
Intercompany loans | — |  |  | 228 |  |  | 214 |  |  | (442 | ) |  | — |
Cash dividends paid and contributions received, net | (73 | ) |  | — |  |  | (2,789 | ) |  | 2,548 |  |  | (314 | )
Other, net | (17 | ) |  | — |  |  | (17 | ) |  | 16 |  |  | (18 | )
Net cash (used in) provided by financing activities | (1,916 | ) |  | 176 |  |  | (2,659 | ) |  | 2,122 |  |  | (2,277 | )
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | (7 | ) |  | (562 | ) |  | — |  |  | (569 | )
Decrease in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | 44 |  |  | — |  |  | 44 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | — |  |  | 7 |  |  | 4,624 |  |  | — |  |  | 4,631 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 4,106 |  |  | $ | — |  |  | $ | 4,106 |
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 | ) |  | 8 |  |  | — |  |  | 3 |
Net cash provided by (used in) investing activities | 605 |  |  | (44 | ) |  | (613 | ) |  | (651 | ) |  | (703 | )
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, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | — |  |  | 422 |  |  | — |  |  | 422 |
Decrease in cash and cash equivalents in assets held for sale | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
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 | $ | — |  |  | $ | 11 |  |  | $ | 4,821 |  |  | $ | — |  |  | $ | 4,832 |

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