XML 81 R38.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Stockholders' Equity Note [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | A summary of changes in the balances of each component of accumulated other comprehensive loss, net of tax, follows:
| Defined Benefit Plans |  | Unrealized Losses on Securities |  | Translation Adjustment |  | Total
Balance at January 1, 2017 | $ | (554 | ) |  | $ | (4 | ) |  | $ | 10 |  |  | $ | (548 | )
Amounts arising during the period a,b | 7 |  |  | 1 |  |  | — |  |  | 8 |
Amounts reclassified c | 53 |  |  | — |  |  | — |  |  | 53 |
Balance at December 31, 2017 | (494 | ) |  | (3 | ) |  | 10 |  |  | (487 | )
Adoption of accounting standard for reclassification of income taxes | (79 | ) |  | — |  |  | — |  |  | (79 | )
Amounts arising during the period a,b | (84 | ) |  | — |  |  | — |  |  | (84 | )
Amounts reclassified c | 48 |  |  | 3 |  |  | — |  |  | 51 |
Sale of interest in PT-FI (refer to Note 2) | (6 | ) |  | — |  |  | — |  |  | (6 | )
Balance at December 31, 2018 | (615 | ) |  | — |  |  | 10 |  |  | (605 | )
Amounts arising during the period a,b | (118 | ) |  | — |  |  | — |  |  | (118 | )
Amounts reclassified c | 47 |  |  | — |  |  | — |  |  | 47 |
Balance at December 31, 2019 | $ | (686 | ) |  | $ | — |  |  | $ | 10 |  |  | $ | (676 | )
a. | Includes net actuarial gains (losses), net of noncontrolling interest, totaling $52 million for 2017, $(87) million for 2018 and $(111) million for 2019.
b. | Includes tax provision (benefit) totaling $45 million for 2017, $4 million for 2018 and $(8) million for 2019.
c. Includes amortization primarily related to actuarial losses, net of taxes of $5 million for 2017, and none for 2018
Compensation costs charged against earnings | Compensation cost charged against earnings for stock-based awards for the years ended December 31 follows:
| 2019 |  | 2018 |  | 2017 |
Selling, general and administrative expenses | $ | 48 |  |  | $ | 62 |  |  | $ | 55 |  |
Production and delivery | 15 |  |  | 12 |  |  | 16 |  |
Total stock-based compensation | 63 |  |  | 74 |  |  | 71 |  |
Tax benefit and noncontrolling interests’ share a | (4 | ) |  | (4 | ) |  | (4 | ) |
Impact on net (loss) income | $ | 59 |  |  | $ | 70 |  |  | $ | 67 |  |
a. Charges in the U.S. are not expected to generate a future tax benefit.
Summary of stock options and SARs outstanding and changes during the period | A summary of stock options outstanding as of December 31, 2019, and activity during the year ended December 31, 2019, follows:
| Number of Options |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value |
Balance at January 1 | 46,806,364 |  |  | $ | 27.40 |  |  |  |  |  |
Granted | 6,425,500 |  |  | 11.88 |  |  |  |  |  |
Exercised | (391,075 | ) |  | 4.72 |  |  |  |  |  |
Expired/Forfeited | (4,528,736 | ) |  | 20.55 |  |  |  |  |  |
Balance at December 31 | 48,312,053 |  |  | 26.16 |  |  | 4.4 |  | $ | 60 |  |
Vested and exercisable at December 31 | 39,981,705 |  |  | 28.86 |  |  | 3.5 |  | $ | 51 |  |
Weighted average assumptions used to value stock option awards | Information related to stock options during the years ended December 31 follows:
| 2019 |  | 2018 |  | 2017 |
Weighted-average assumptions used to value stock option awards: |  |  |  |  |  |
Expected volatility | 47.8 | % |  | 46.1 | % |  | 51.4 | % |
Expected life of options (in years) | 6.10 |  |  | 5.92 |  |  | 5.70 |  |
Expected dividend rate | 1.8 | % |  | 1.2 | % |  | — |  |
Risk-free interest rate | 2.5 | % |  | 2.6 | % |  | 2.0 | % |
Weighted-average grant-date fair value (per option) | $ | 4.87 |  |  | $ | 7.84 |  |  | $ | 7.61 |  |
Intrinsic value of options exercised | $ | 3 |  |  | $ | 7 |  |  | $ | 5 |  |
Fair value of options vested | $ | 26 |  |  | $ | 24 |  |  | $ | 25 |  |
Summary Of Outstanding Stock-settled RSUs and PSUs | A summary of outstanding stock-settled RSUs and PSUs as of December 31, 2019, and activity during the year ended December 31, 2019, follows:
| Number of Awards |  | Weighted-Average Grant-Date Fair Value Per Award |  | Aggregate Intrinsic Value
Balance at January 1 | 5,804,637 |  |  | $ | 19.97 |  |  |
Granted | 2,135,224 |  |  | 11.13 |  |  |
Vested | (2,191,743 | ) |  | 14.99 |  |  |
Forfeited | (157,433 | ) |  | 17.58 |  |  |
Balance at December 31 | 5,590,685 |  |  | 18.61 |  |  | $ | 73 |
Summary of Outstanding Cash-Settled RSUs and PSUs | A summary of outstanding cash-settled RSUs as of December 31, 2019, and activity during the year ended December 31, 2019, follows:
| Number of Awards |  | Weighted-Average Grant-Date Fair Value Per Award |  | Aggregate Intrinsic Value
Balance at January 1 | 1,486,866 |  |  | $ | 15.61 |  |  |
Granted | 819,000 |  |  | 11.88 |  |  |
Vested | (698,817 | ) |  | 13.70 |  |  |
Forfeited | (24,162 | ) |  | 14.43 |  |  |
Balance at December 31 | 1,582,887 |  |  | 14.54 |  |  | $ | 21 |
Schedule of amounts related to exercises of stock options and stock appreciation rights and the vesting of restricted stock units and restricted stock awards | The following table includes amounts related to exercises of stock options and vesting of RSUs during the years ended December 31:
| 2019 |  | 2018 |  | 2017 |
FCX shares tendered to pay the exercise price |  |  |  |  |  |
and/or the minimum required taxes a | 670,508 |  |  | 195,322 |  |  | 1,041,937 |  |
Cash received from stock option exercises | $ | 2 |  |  | $ | 8 |  |  | $ | 5 |  |
Actual tax benefit realized for tax deductions | $ | 1 |  |  | $ | 3 |  |  | $ | 1 |  |
Amounts FCX paid for employee taxes | $ | 8 |  |  | $ | 4 |  |  | $ | 15 |  |
a. Under terms of the related plans, upon exercise of stock options, vesting of stock-settled RSUs and payout of PSUs, employees may tender FCX shares to pay the exercise price and/or the minimum required taxes.

X
- Definition Schedule of amounts related to exercises of stock options, stock appreciation rights and the vesting restrictions of restricted stock units and restricted stock awards. + References No definition available. + Details
Name: | fcx_CashProceedsReceivedAndTaxBenefitFromShareBasedPaymentAwardsTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of cash settled restricted stock units and performance share units award activity table text block [Table Text Block] + References No definition available. + Details
Name: | fcx_ScheduleOfShareBasedCompensationCashSettledRestrictedStockUnitsandPerformanceShareUnitsAwardActivityTableTextBlockTableTextBlock
Namespace Prefix: | fcx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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