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GUARANTOR FINANCIAL STATEMENTS (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
--- | --- | --- | --- | ---
ASSETS |  |  |  |
Assets, Current | $ 7,915 | $ 10,464 |  |
Property, plant, equipment and mine development costs, net | 29,584 | 28,010 |  |
Investments in consolidated subsidiaries | 0 | 0 |  |
Other assets | 3,310 | 3,742 |  |
Total assets | 40,809 | 42,216 | $ 37,302 |
LIABILITIES AND EQUITY |  |  |  |
Liabilities, Current | 3,209 | 3,329 |  |
Long-term debt, less current portion | 9,821 | 11,124 |  |
Deferred income taxes | 4,210 | 4,032 |  |
Environmental and asset retirement obligations, less current portion | 3,630 | 3,609 |  |
Investments in consolidated subsidiary | 0 | 0 |  |
Other liabilities | 2,491 | 2,230 |  |
Total liabilities | 23,361 | 24,324 |  |
Equity: |  |  |  |
Stockholders’ equity | 9,298 | 9,798 |  |
Noncontrolling interests | 8,150 | 8,094 |  |
Total equity | 17,448 | 17,892 | $ 11,296 | $ 9,257
Total liabilities and equity | 40,809 | 42,216 |  |
Eliminations |  |  |  |
ASSETS |  |  |  |
Assets, Current | (674) | (585) |  |
Property, plant, equipment and mine development costs, net | 12 | 0 |  |
Investments in consolidated subsidiaries | (17,027) | (19,064) |  |
Other assets | (1,452) | (635) |  |
Total assets | (19,141) | (20,284) |  |
LIABILITIES AND EQUITY |  |  |  |
Liabilities, Current | (706) | (617) |  |
Long-term debt, less current portion | (12,401) | (11,103) |  |
Deferred income taxes | 0 | 0 |  |
Environmental and asset retirement obligations, less current portion | 0 | 0 |  |
Investments in consolidated subsidiary | (11,558) | (11,091) |  |
Other liabilities | (3,494) | (3,486) |  |
Total liabilities | (28,159) | (26,297) |  |
Equity: |  |  |  |
Stockholders’ equity | 3,564 | 601 |  |
Noncontrolling interests | 5,454 | 5,412 |  |
Total equity | 9,018 | 6,013 |  |
Total liabilities and equity | (19,141) | (20,284) |  |
FCX Issuer | Reportable Legal Entities |  |  |  |
ASSETS |  |  |  |
Assets, Current | 154 | 309 |  |
Property, plant, equipment and mine development costs, net | 16 | 19 |  |
Investments in consolidated subsidiaries | 17,027 | 19,064 |  |
Other assets | 1,604 | 880 |  |
Total assets | 18,801 | 20,272 |  |
LIABILITIES AND EQUITY |  |  |  |
Liabilities, Current | 323 | 245 |  |
Long-term debt, less current portion | 8,602 | 9,594 |  |
Deferred income taxes | 468 | 524 |  |
Environmental and asset retirement obligations, less current portion | 0 | 0 |  |
Investments in consolidated subsidiary | 0 | 0 |  |
Other liabilities | 110 | 111 |  |
Total liabilities | 9,503 | 10,474 |  |
Equity: |  |  |  |
Stockholders’ equity | 9,298 | 9,798 |  |
Noncontrolling interests | 0 | 0 |  |
Total equity | 9,298 | 9,798 |  |
Total liabilities and equity | 18,801 | 20,272 |  |
FM O&G LLC Guarantor | Reportable Legal Entities |  |  |  |
ASSETS |  |  |  |
Assets, Current | 657 | 620 |  |
Property, plant, equipment and mine development costs, net | 1 | 7 |  |
Investments in consolidated subsidiaries | 0 | 0 |  |
Other assets | 21 | 23 |  |
Total assets | 679 | 650 |  |
LIABILITIES AND EQUITY |  |  |  |
Liabilities, Current | 42 | 34 |  |
Long-term debt, less current portion | 7,328 | 6,984 |  |
Deferred income taxes | 0 | 0 |  |
Environmental and asset retirement obligations, less current portion | 224 | 227 |  |
Investments in consolidated subsidiary | 652 | 578 |  |
Other liabilities | 3,340 | 3,340 |  |
Total liabilities | 11,586 | 11,163 |  |
Equity: |  |  |  |
Stockholders’ equity | (10,907) | (10,513) |  |
Noncontrolling interests | 0 | 0 |  |
Total equity | (10,907) | (10,513) |  |
Total liabilities and equity | 679 | 650 |  |
Non-Guarantor Subsidiaries | Reportable Legal Entities |  |  |  |
ASSETS |  |  |  |
Assets, Current | 7,778 | 10,120 |  |
Property, plant, equipment and mine development costs, net | 29,555 | 27,984 |  |
Investments in consolidated subsidiaries | 0 | 0 |  |
Other assets | 3,137 | 3,474 |  |
Total assets | 40,470 | 41,578 |  |
LIABILITIES AND EQUITY |  |  |  |
Liabilities, Current | 3,550 | 3,667 |  |
Long-term debt, less current portion | 6,292 | 5,649 |  |
Deferred income taxes | 3,742 | 3,508 |  |
Environmental and asset retirement obligations, less current portion | 3,406 | 3,382 |  |
Investments in consolidated subsidiary | 10,906 | 10,513 |  |
Other liabilities | 2,535 | 2,265 |  |
Total liabilities | 30,431 | 28,984 |  |
Equity: |  |  |  |
Stockholders’ equity | 7,343 | 9,912 |  |
Noncontrolling interests | 2,696 | 2,682 |  |
Total equity | 10,039 | 12,594 |  |
Total liabilities and equity | $ 40,470 | $ 41,578 |  |

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