XML 44 R27.htm IDEA: XBRL DOCUMENT
v3.19.1

New Accounting Standard (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] |
Summary of components of leases presented in the consolidated balance sheet | The components of FCX’s leases presented in the consolidated balance sheet as of March 31, 2019, follow (in millions):
Lease right-of-use assets (included in property, plant, equipment and mine development costs, net) | $ | 245 |
Short-term lease liabilities (included in accounts payable and accrued liabilities) | $ | 33 |
Long-term lease liabilities (included in other liabilities) | 223 |
Total lease liabilities | $ | 256 |
Schedule of operating lease costs | Operating lease costs in first-quarter 2019, primarily included in production and delivery expense in the consolidated statement of income, are as follows (in millions):
Operating leases | $ | 12 |
Variable and short-term leases | 21 |
Total lease costs | $ | 33 |
Schedule of future minimum payments for leases | The future minimum payments for leases presented in the consolidated balance sheets at March 31, 2019, follows (in millions):
Remaining nine months of 2019 | $ | 36 |
2020 | 45 |
2021 | 39 |
2022 | 33 |
2023 | 30 |
Thereafter | 155 |
Total payments | 338 |
Less amount representing interest | (82 | )
Present value of net minimum lease payments | 256 |
Less current portion | (33 | )
Long-term portion | $ | 223 |

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | fcx_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration