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Guarantor Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2019
Guarantor Financial Statements [Abstract] |
Condensed Consolidating Balance Sheets [Table Text Block] | CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2019
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
ASSETS |  |  |  |  |  |  |  |  |
Current assets | $ | 46 |  |  | $ | 606 |  |  | $ | 8,298 |  |  | $ | (603 | ) |  | $ | 8,347 |
Property, plant, equipment and mine development costs, net | 18 |  |  | 5 |  |  | 29,300 |  |  | 7 |  |  | 29,330 |
Investments in consolidated subsidiaries | 17,523 |  |  | — |  |  | — |  |  | (17,523 | ) |  | — |
Other assets | 1,340 |  |  | 17 |  |  | 3,008 |  |  | (1,099 | ) |  | 3,266 |
Total assets | $ | 18,927 |  |  | $ | 628 |  |  | $ | 40,606 |  |  | $ | (19,218 | ) |  | $ | 40,943 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities | $ | 312 |  |  | $ | 42 |  |  | $ | 3,662 |  |  | $ | (635 | ) |  | $ | 3,381 |
Long-term debt, less current portion | 8,600 |  |  | 7,215 |  |  | 6,003 |  |  | (11,903 | ) |  | 9,915 |
Deferred income taxes | 498 |  | a | — |  |  | 3,747 |  |  | — |  |  | 4,245 |
Environmental and asset retirement obligations, less current portion | — |  |  | 237 |  |  | 3,321 |  |  | — |  |  | 3,558 |
Investments in consolidated subsidiaries | — |  |  | 630 |  |  | 10,837 |  |  | (11,467 | ) |  | — |
Other liabilities | 73 |  |  | 3,341 |  |  | 2,376 |  |  | (3,488 | ) |  | 2,302 |
Total liabilities | 9,483 |  |  | 11,465 |  |  | 29,946 |  |  | (27,493 | ) |  | 23,401 |
Equity: |  |  |  |  |  |  |  |  |
Stockholders’ equity | 9,444 |  |  | (10,837 | ) |  | 8,028 |  |  | 2,809 |  |  | 9,444 |
Noncontrolling interests | — |  |  | — |  |  | 2,632 |  |  | 5,466 |  |  | 8,098 |
Total equity | 9,444 |  |  | (10,837 | ) |  | 10,660 |  |  | 8,275 |  |  | 17,542 |
Total liabilities and equity | $ | 18,927 |  |  | $ | 628 |  |  | $ | 40,606 |  |  | $ | (19,218 | ) |  | $ | 40,943 |
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 (LOSS) INCOME
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 11 |  |  | $ | 3,142 |  |  | $ | — |  |  | $ | 3,153 |
Total costs and expenses | 5 |  |  | 28 |  |  | 3,165 |  |  | (7 | ) |  | 3,191 |
Operating (loss) income | (5 | ) |  | (17 | ) |  | (23 | ) |  | 7 |  |  | (38 | )
Interest expense, net | (79 | ) |  | (79 | ) |  | (98 | ) |  | 133 |  |  | (123 | )
Other (expense) income, net | (52 | ) |  | — |  |  | 36 |  |  | 28 |  |  | 12 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (136 | ) |  | (96 | ) |  | (85 | ) |  | 168 |  |  | (149 | )
(Provision for) benefit from income taxes | (26 | ) |  | 22 |  |  | (85 | ) |  | (2 | ) |  | (91 | )
Equity in affiliated companies’ net earnings (losses) | (45 | ) |  | (36 | ) |  | (105 | ) |  | 191 |  |  | 5 |
Net (loss) income from continuing operations | (207 | ) |  | (110 | ) |  | (275 | ) |  | 357 |  |  | (235 | )
Net income from discontinued operations | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net (loss) income | (207 | ) |  | (110 | ) |  | (274 | ) |  | 357 |  |  | (234 | )
Net loss (income) attributable to noncontrolling interests | — |  |  | — |  |  | 22 |  |  | 5 |  |  | 27 |
Net (loss) income attributable to common stockholders | $ | (207 | ) |  | $ | (110 | ) |  | $ | (252 | ) |  | $ | 362 |  |  | $ | (207 | )
Other comprehensive income (loss) | 12 |  |  | — |  |  | 12 |  |  | (12 | ) |  | 12 |
Total comprehensive (loss) income | $ | (195 | ) |  | $ | (110 | ) |  | $ | (240 | ) |  | $ | 350 |  |  | $ | (195 | )
Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 15 |  |  | $ | 4,893 |  |  | $ | — |  |  | $ | 4,908 |
Total costs and expenses | 7 |  |  | (2 | ) |  | 3,588 |  |  | — |  |  | 3,593 |
Operating (loss) income | (7 | ) |  | 17 |  |  | 1,305 |  |  | — |  |  | 1,315 |
Interest expense, net | (93 | ) |  | (79 | ) |  | (96 | ) |  | 125 |  |  | (143 | )
Other income (expense), net | 124 |  |  | — |  |  | 15 |  |  | (125 | ) |  | 14 |
Income (loss) before income taxes and equity in affiliated companies’ net earnings (losses) | 24 |  |  | (62 | ) |  | 1,224 |  |  | — |  |  | 1,186 |
(Provision for) benefit from income taxes | (188 | ) |  | 11 |  |  | (345 | ) |  | — |  |  | (522 | )
Equity in affiliated companies’ net earnings (losses) | 720 |  |  | (6 | ) |  | (54 | ) |  | (656 | ) |  | 4 |
Net income (loss) from continuing operations | 556 |  |  | (57 | ) |  | 825 |  |  | (656 | ) |  | 668 |
Net loss from discontinued operations | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net income (loss) | 556 |  |  | (57 | ) |  | 821 |  |  | (656 | ) |  | 664 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (47 | ) |  | (61 | ) |  | (108 | )
Net income (loss) attributable to common stockholders | $ | 556 |  |  | $ | (57 | ) |  | $ | 774 |  |  | $ | (717 | ) |  | $ | 556 |
Other comprehensive income (loss) | 11 |  |  | — |  |  | 11 |  |  | (11 | ) |  | 11 |
Total comprehensive income (loss) | $ | 567 |  |  | $ | (57 | ) |  | $ | 785 |  |  | $ | (728 | ) |  | $ | 567 |
CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 27 |  |  | $ | 10,464 |  |  | $ | — |  |  | $ | 10,491 |
Total costs and expenses | 22 |  |  | 54 |  |  | 10,106 |  |  | (7 | ) |  | 10,175 |
Operating (loss) income | (22 | ) |  | (27 | ) |  | 358 |  |  | 7 |  |  | 316 |
Interest expense, net | (252 | ) |  | (247 | ) |  | (309 | ) |  | 407 |  |  | (401 | )
Other income (expense), net | 12 |  |  | — |  |  | 59 |  |  | (46 | ) |  | 25 |
(Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | (262 | ) |  | (274 | ) |  | 108 |  |  | 368 |  |  | (60 | )
(Provision for) benefit from income taxes | (34 | ) |  | 62 |  |  | (207 | ) |  | (2 | ) |  | (181 | )
Equity in affiliated companies’ net earnings (losses) | 48 |  |  | (52 | ) |  | (257 | ) |  | 268 |  |  | 7 |
Net (loss) income from continuing operations | (248 | ) |  | (264 | ) |  | (356 | ) |  | 634 |  |  | (234 | )
Net income from discontinued operations | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Net (loss) income | (248 | ) |  | (264 | ) |  | (354 | ) |  | 634 |  |  | (232 | )
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (20 | ) |  | 4 |  |  | (16 | )
Net (loss) income attributable to common stockholders | $ | (248 | ) |  | $ | (264 | ) |  | $ | (374 | ) |  | $ | 638 |  |  | $ | (248 | )
Other comprehensive income (loss) | 35 |  |  | — |  |  | 35 |  |  | (35 | ) |  | 35 |
Total comprehensive (loss) income | $ | (213 | ) |  | $ | (264 | ) |  | $ | (339 | ) |  | $ | 603 |  |  | $ | (213 | )
Nine Months Ended September 30, 2018 | FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Revenues | $ | — |  |  | $ | 46 |  |  | $ | 14,898 |  |  | $ | — |  |  | $ | 14,944 |
Total costs and expenses | 20 |  |  | (10 | ) |  | 10,506 |  |  | (10 | ) |  | 10,506 |
Operating (loss) income | (20 | ) |  | 56 |  |  | 4,392 |  |  | 10 |  |  | 4,438 |
Interest expense, net | (294 | ) |  | (219 | ) |  | (273 | ) |  | 350 |  |  | (436 | )
Other income (expense), net | 357 |  |  | 2 |  |  | 62 |  |  | (350 | ) |  | 71 |
Income (loss) before income taxes and equity in affiliated companies’ net earnings (losses) | 43 |  |  | (161 | ) |  | 4,181 |  |  | 10 |  |  | 4,073 |
(Provision for) benefit from income taxes | (282 | ) |  | 33 |  |  | (1,292 | ) |  | (2 | ) |  | (1,543 | )
Equity in affiliated companies’ net earnings (losses) | 2,356 |  |  | (10 | ) |  | (133 | ) |  | (2,208 | ) |  | 5 |
Net income (loss) from continuing operations | 2,117 |  |  | (138 | ) |  | 2,756 |  |  | (2,200 | ) |  | 2,535 |
Net loss from discontinued operations | — |  |  | — |  |  | (19 | ) |  | — |  |  | (19 | )
Net income (loss) | 2,117 |  |  | (138 | ) |  | 2,737 |  |  | (2,200 | ) |  | 2,516 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (220 | ) |  | (179 | ) |  | (399 | )
Net income (loss) attributable to common stockholders | $ | 2,117 |  |  | $ | (138 | ) |  | $ | 2,517 |  |  | $ | (2,379 | ) |  | $ | 2,117 |
Other comprehensive income (loss) | 34 |  |  | — |  |  | 34 |  |  | (34 | ) |  | 34 |
Total comprehensive income (loss) | $ | 2,151 |  |  | $ | (138 | ) |  | $ | 2,551 |  |  | $ | (2,413 | ) |  | $ | 2,151 |
Condensed Consolidating Statements of Cash Flows [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash provided by (used in) operating activities | $ | 352 |  |  | $ | (326 | ) |  | $ | 1,286 |  |  | $ | — |  |  | $ | 1,312 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (4 | ) |  | (1,913 | ) |  | — |  |  | (1,917 | )
Intercompany loans | (801 | ) |  | — |  |  | — |  |  | 801 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 1,697 |  |  | — |  |  | 70 |  |  | (1,769 | ) |  | (2 | )
Asset sales and other, net | (1 | ) |  | 98 |  |  | (3 | ) |  | — |  |  | 94 |
Net cash provided by (used in) investing activities | 895 |  |  | 94 |  |  | (1,846 | ) |  | (968 | ) |  | (1,825 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | 1,200 |  |  | — |  |  | 481 |  |  | — |  |  | 1,681 |
Repayments of debt | (2,202 | ) |  | — |  |  | (715 | ) |  | — |  |  | (2,917 | )
Intercompany loans | — |  |  | 232 |  |  | 570 |  |  | (802 | ) |  | — |
Cash dividends paid and contributions received, net | (218 | ) |  | — |  |  | (1,696 | ) |  | 1,750 |  |  | (164 | )
Other, net | (27 | ) |  | — |  |  | (23 | ) |  | 20 |  |  | (30 | )
Net cash (used in) provided by financing activities | (1,247 | ) |  | 232 |  |  | (1,383 | ) |  | 968 |  |  | (1,430 | )
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | — |  |  | (1,943 | ) |  | — |  |  | (1,943 | )
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 | $ | — |  |  | $ | — |  |  | $ | 2,512 |  |  | $ | — |  |  | $ | 2,512 |
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |
| FCX |  | FM O&G LLC |  | Non-guarantor |  |  |  | Consolidated
| Issuer |  | Guarantor |  | Subsidiaries |  | Eliminations |  | FCX
Net cash (used in) provided by operating activities | $ | (181 | ) |  | $ | (285 | ) |  | $ | 4,391 |  |  | $ | — |  |  | $ | 3,925 |
Cash flow from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (2 | ) |  | — |  |  | (1,389 | ) |  | — |  |  | (1,391 | )
Intercompany loans | (558 | ) |  | — |  |  | — |  |  | 558 |  |  | — |
Dividends from (investments in) consolidated subsidiaries | 2,726 |  |  | — |  |  | 65 |  |  | (2,791 | ) |  | — |
Asset sales and other, net | 4 |  |  | 3 |  |  | (88 | ) |  | — |  |  | (81 | )
Net cash provided by (used in) investing activities | 2,170 |  |  | 3 |  |  | (1,412 | ) |  | (2,233 | ) |  | (1,472 | )
Cash flow from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from debt | — |  |  | — |  |  | 475 |  |  | — |  |  | 475 |
Repayments of debt | (1,826 | ) |  | (52 | ) |  | (532 | ) |  | — |  |  | (2,410 | )
Intercompany loans | — |  |  | 327 |  |  | 231 |  |  | (558 | ) |  | — |
Cash dividends paid and contributions received, net | (145 | ) |  | — |  |  | (3,016 | ) |  | 2,775 |  |  | (386 | )
Other, net | (18 | ) |  | — |  |  | (17 | ) |  | 16 |  |  | (19 | )
Net cash (used in) provided by financing activities | (1,989 | ) |  | 275 |  |  | (2,859 | ) |  | 2,233 |  |  | (2,340 | )
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents | — |  |  | (7 | ) |  | 120 |  |  | — |  |  | 113 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | — |  |  | 7 |  |  | 4,703 |  |  | — |  |  | 4,710 |
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | $ | — |  |  | $ | — |  |  | $ | 4,823 |  |  | $ | — |  |  | $ | 4,823 |

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