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v3.19.1

Debt and Equity (Details) - USD ($) |  | 3 Months Ended |  |
--- | --- | --- | --- | ---
Mar. 27, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | May 02, 2019 | Dec. 31, 2018
Total Debt [Abstract] |  |  |  |  |
Total debt |  | $ 9,905,000,000 |  |  | $ 11,141,000,000
Current portion of debt |  | (3,000,000) |  |  | (17,000,000)
Long-term debt, less current portion |  | 9,902,000,000 |  |  | 11,124,000,000
Net gain (loss) on exchanges and early extinguishment of debt |  | (6,000,000) | $ (1,000,000) |  |
Interest costs |  | $ 178,000,000 | $ 176,000,000 |  |
Dividends declared per share of common stock (in dollars per share) | $ 0.05 | $ 0.05 | $ 0.05 |  |
Property, Plant and Equipment [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Interest costs capitalized |  | $ 32,000,000 | $ 25,000,000 |  |
Line of Credit [Member] | Cerro Verde [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Total debt |  | 825,000,000 |  |  | 1,023,000,000
Line of Credit [Member] | Letter of Credit [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Letter of credit |  | 13,000,000 |  |  |
Revolving credit facility, availability |  | 1,500,000,000 |  |  |
Line of Credit [Member] | Revolving Credit Facility [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Debt |  | 0 |  |  |
Revolving credit facility, availability |  | 3,500,000,000 |  |  |
Senior Notes [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Net gain (loss) on exchanges and early extinguishment of debt |  | (1,000,000) |  |  |
Repayments of credit facility |  | 200,000,000 |  |  |
Senior Notes [Member] | 3.100% Senior Notes due March 2020 [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Debt, principal | $ 1,000,000,000.0 |  |  |  |
Stated interest rate | 3.10% |  |  |  |
Net gain (loss) on exchanges and early extinguishment of debt |  | (5,000,000) |  |  |
Senior Notes [Member] | FCX [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Total debt |  | 8,595,000,000 |  |  | 9,594,000,000
Debentures [Member] | Freeport McMoRan Corporation [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Total debt |  | 357,000,000 |  |  | 358,000,000
Other Debt, Including Capital Leases and Short Term Borrowings [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Total debt |  | $ 128,000,000 |  |  | $ 166,000,000
Subsequent Event [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | Amended Credit Facility [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Revolving credit facility, availability |  |  |  | $ 3,500,000,000 |
Subsequent Event [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | Amended Credit Facility, Maturing April 20, 2024 [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Revolving credit facility, availability |  |  |  | 3,260,000,000 |
Subsequent Event [Member] | Line of Credit [Member] | Revolving Credit Facility [Member] | Amended Credit Facility, Maturing April 20, 2023 [Member] |  |  |  |  |
Total Debt [Abstract] |  |  |  |  |
Revolving credit facility, availability |  |  |  | $ 240,000,000 |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(3) -URI http://asc.fasb.org/extlink&oid=109500613&loc=SL6031897-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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