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Fair Value Measurement (Unaudited) Other Financials (Details) (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Carrying Amount [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and cash equivalentsa $ 4,378 [1] $ 3,738 [1]
McMoRan Exploration Co. investment 489 [2] 500 [2]
Net embedded derivatives included in accounts receivable or payable 42 [1] 242 [1]
Trust assets (current and long-term) 150 [1],[3] 148 [1],[3]
Available-for-sale securities (current and long-term) 27 [1],[3] 34 [1],[3]
Derivative assets 10 [1],[4] 18 [1],[4]
Derivatives included in accounts payable and accrued liabilities (11) [1] (10) [1]
Long-term debt (including amounts due within one year) (3,542) [5] (4,755) [5]
Fair Value [Member]
   
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Cash and cash equivalentsa 4,378 [1] 3,738 [1]
McMoRan Exploration Co. investment 686 [2] 623 [2]
Net embedded derivatives included in accounts receivable or payable 42 [1] 242 [1]
Trust assets (current and long-term) 150 [1],[3] 148 [1],[3]
Available-for-sale securities (current and long-term) 27 [1],[3] 34 [1],[3]
Derivative assets 10 [1],[4] 18 [1],[4]
Derivatives included in accounts payable and accrued liabilities (11) [1] (10) [1]
Long-term debt (including amounts due within one year) $ (3,842) [5] $ (5,146) [5]
[1] Recorded at fair value.
[2] Recorded at cost and included in other assets. At December 31, 2010, fair value was based on a bid evaluation, which was an estimated price at which a dealer would pay for a security. At June 30, 2011, these securities were not actively trading; as such, fair value was based on a convertible pricing model using McMoRan Exploration Co.'s publicly traded common stock as the principle variable.
[3] Current portion included in other current assets and long-term portion included in other assets.
[4] Included in other current assets.
[5] Recorded at cost except for long-term debt acquired in the Phelps Dodge acquisition, which was recorded at fair value at the acquisition date. Fair value of substantially all of FCX’s long-term debt is estimated based on quoted market prices.