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Guarantor Financial Statements (Tables) | 3 Months Ended
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Mar. 31, 2019
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET March 31, 2019
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 253 |  |  | $ | 516 |  |  | $ | 8,801 |  |  | $ | (525 | ) |  | $ | 9,045 |
Property, plant, equipment and mine development costs, net | 19 |  |  | 6 |  |  | 28,470 |  |  | 2 |  |  | 28,497 |
Investments in consolidated subsidiaries | 17,935 |  |  | — |  |  | — |  |  | (17,935 | ) |  | — |
Other assets | 977 |  |  | 23 |  |  | 3,250 |  |  | (733 | ) |  | 3,517 |
Total assets | $ | 19,184 |  |  | $ | 545 |  |  | $ | 40,521 |  |  | $ | (19,191 | ) |  | $ | 41,059 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 199 |  |  | $ | 30 |  |  | $ | 3,579 |  |  | $ | (561 | ) |  | $ | 3,247 |
Long-term debt, less current portion | 8,595 |  |  | 7,005 |  |  | 5,563 |  |  | (11,261 | ) |  | 9,902 |
Deferred income taxes | 519 |  | a | — |  |  | 3,548 |  |  | — |  |  | 4,067 |
Environmental and asset retirement obligations, less current portion | — |  |  | 230 |  |  | 3,402 |  |  | — |  |  | 3,632 |
Investments in consolidated subsidiaries | — |  |  | 574 |  |  | 10,634 |  |  | (11,208 | ) |  | — |
Other liabilities | 88 |  |  | 3,340 |  |  | 2,428 |  |  | (3,486 | ) |  | 2,370 |
Total liabilities | 9,401 |  |  | 11,179 |  |  | 29,154 |  |  | (26,516 | ) |  | 23,218 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 9,783 |  |  | (10,634 | ) |  | 8,721 |  |  | 1,913 |  |  | 9,783 |
Noncontrolling interests | — |  |  | — |  |  | 2,646 |  |  | 5,412 |  |  | 8,058 |
Total equity | 9,783 |  |  | (10,634 | ) |  | 11,367 |  |  | 7,325 |  |  | 17,841 |
Total liabilities and equity | $ | 19,184 |  |  | $ | 545 |  |  | $ | 40,521 |  |  | $ | (19,191 | ) |  | $ | 41,059 |
a. | All U.S.-related deferred income taxes are recorded at the parent company.
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2018
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 309 |  |  | $ | 620 |  |  | $ | 10,376 |  |  | $ | (585 | ) |  | $ | 10,720 |
Property, plant, equipment and mine development costs, net | 19 |  |  | 7 |  |  | 27,984 |  |  | — |  |  | 28,010 |
Investments in consolidated subsidiaries | 19,064 |  |  | — |  |  | — |  |  | (19,064 | ) |  | — |
Other assets | 880 |  |  | 23 |  |  | 3,218 |  |  | (635 | ) |  | 3,486 |
Total assets | 20,272 |  |  | 650 |  |  | 41,578 |  |  | (20,284 | ) |  | 42,216 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 245 |  |  | $ | 34 |  |  | $ | 3,667 |  |  | $ | (617 | ) |  | $ | 3,329 |
Long-term debt, less current portion | 9,594 |  |  | 6,984 |  |  | 5,649 |  |  | (11,103 | ) |  | 11,124 |
Deferred income taxes | 524 |  | a | — |  |  | 3,508 |  |  | — |  |  | 4,032 |
Environmental and asset retirement obligations, less current portion | — |  |  | 227 |  |  | 3,382 |  |  | — |  |  | 3,609 |
Investments in consolidated subsidiaries | — |  |  | 578 |  |  | 10,513 |  |  | (11,091 | ) |  | — |
Other liabilities | 111 |  |  | 3,340 |  |  | 2,265 |  |  | (3,486 | ) |  | 2,230 |
Total liabilities | 10,474 |  |  | 11,163 |  |  | 28,984 |  |  | (26,297 | ) |  | 24,324 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 9,798 |  |  | (10,513 | ) |  | 9,912 |  |  | 601 |  |  | 9,798 |
Noncontrolling interests | — |  |  | — |  |  | 2,682 |  |  | 5,412 |  |  | 8,094 |
Total equity | 9,798 |  |  | (10,513 | ) |  | 12,594 |  |  | 6,013 |  |  | 17,892 |
Total liabilities and equity | 20,272 |  |  | 650 |  |  | 41,578 |  |  | (20,284 | ) |  | 42,216 |
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, 2019 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 3 |  |  | $ | 3,789 |  |  | $ | — |  |  | $ | 3,792 |
Total costs and expenses | 13 |  |  | — |  |  | 3,460 |  |  | (2 | ) |  | 3,471 |
Operating (loss) income | (13 | ) |  | 3 |  |  | 329 |  |  | 2 |  |  | 321 |
Interest expense, net | (90 | ) |  | (86 | ) |  | (109 | ) |  | 139 |  |  | (146 | )
Other income (expense), net | 65 |  |  | — |  |  | 16 |  |  | (73 | ) |  | 8 |
Income (loss) before income taxes and equity in affiliated companies’ net earnings (losses) | (38 | ) |  | (83 | ) |  | 236 |  |  | 68 |  |  | 183 |
(Provision for) benefit from income taxes | (1 | ) |  | 18 |  |  | (122 | ) |  | — |  |  | (105 | )
Equity in affiliated companies’ net earnings (losses) | 70 |  |  | 5 |  |  | (63 | ) |  | (15 | ) |  | (3 | )
Net income (loss) from continuing operations | 31 |  |  | (60 | ) |  | 51 |  |  | 53 |  |  | 75 |
Net income from discontinued operations | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net income (loss) | 31 |  |  | (60 | ) |  | 52 |  |  | 53 |  |  | 76 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (34 | ) |  | (11 | ) |  | (45 | )
Net income (loss) attributable to common stockholders | $ | 31 |  |  | $ | (60 | ) |  | $ | 18 |  |  | $ | 42 |  |  | $ | 31 |
Other comprehensive income (loss) | 11 |  |  | — |  |  | 11 |  |  | (11 | ) |  | 11 |
Total comprehensive income (loss) | $ | 42 |  |  | $ | (60 | ) |  | $ | 29 |  |  | $ | 31 |  |  | $ | 42 |
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 | — |  |  | — |  |  | (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 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash provided by (used in) operating activities | $ | 19 |  |  | $ | (106 | ) |  | $ | 621 |  |  | $ | — |  |  | $ | 534 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | — |  |  | (622 | ) |  | — |  |  | (622 | )
Intercompany loans | (159 | ) |  | — |  |  | — |  |  | 159 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,224 |  |  | — |  |  | 25 |  |  | (1,251 | ) |  | (2 | )
Asset sales and other, net | (1 | ) |  | 84 |  |  | (5 | ) |  | — |  |  | 78 |
Net cash provided by (used in) investing activities | 1,064 |  |  | 84 |  |  | (602 | ) |  | (1,092 | ) |  | (546 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 114 |  |  | — |  |  | 114 |
Repayments of debt | (1,003 | ) |  | — |  |  | (353 | ) |  | — |  |  | (1,356 | )
Intercompany loans | — |  |  | 22 |  |  | 137 |  |  | (159 | ) |  | — |
Cash dividends paid and contributions received, net | (73 | ) |  | — |  |  | (1,242 | ) |  | 1,233 |  |  | (82 | )
Other, net | (7 | ) |  | — |  |  | (18 | ) |  | 18 |  |  | (7 | )
Net cash (used in) provided by financing activities | (1,083 | ) |  | 22 |  |  | (1,362 | ) |  | 1,092 |  |  | (1,331 | )
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | — |  |  | (1,343 | ) |  | — |  |  | (1,343 | )
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | — |  |  | — |  |  | 4,455 |  |  | — |  |  | 4,455 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 3,112 |  |  | $ | — |  |  | $ | 3,112 |
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 | )
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | — |  |  | 8 |  |  | 4,702 |  |  | — |  |  | 4,710 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 3,999 |  |  | $ | — |  |  | $ | 3,999 |

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