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Guarantor Financial Statements (Unaudited) (Tables)
 9 Months Ended
Sep. 30, 2013
Guarantor Financial Statements [Abstract]  
Condensed Consolidating Balance Sheets [Table Text Block]
CONDENSED CONSOLIDATING BALANCE SHEET
September 30, 2013
(In millions)

 
FCX
 
FM O&G LLC
 
Non-guarantor
 
 
 
Consolidated
 
Issuer
 
Guarantor
 
Subsidiaries
 
Eliminations
 
FCX
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
2

 
$
2,217

 
$
—

 
$
2,219

Accounts receivable
706

 
964

 
1,966

 
(1,407
)
 
2,229

Inventories
—

 
18

 
4,835

 
—

 
4,853

Other current assets
49

 
31

 
225

 
—

 
305

Total current assets
755

 
1,015

 
9,243

 
(1,407
)
 
9,606

Property, plant, equipment and
 
 
 
 
 
 
 
 
 
development costs, net
28

 
8,865

 
37,754

 
—

 
46,647

Investment in consolidated subsidiaries
30,314

 
9,596

 
—

 
(39,910
)
 
—

Goodwill
—

 
455

 
1,477

 
—

 
1,932

Other assets
7,448

 
4,219

 
4,401

 
(11,655
)
 
4,413

Total assets
$
38,545

 
$
24,150

 
$
52,875

 
$
(52,972
)
 
$
62,598

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities
$
911

 
$
726

 
$
4,268

 
$
(1,407
)
 
$
4,498

Long-term debt, less current portion
13,484

 
10,049

 
5,421

 
(7,901
)
 
21,053

Deferred income taxesa
3,718

 
—

 
3,204

 
—

 
6,922

Reclamation and environmental obligations,
 
 
 
 
 
 
 
 
 
less current portion
—

 
281

 
2,796

 
—

 
3,077

Other liabilities
27

 
3,447

 
2,054

 
(3,754
)
 
1,774

Total liabilities
18,140

 
14,503

 
17,743

 
(13,062
)
 
37,324

 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest
—

 
—

 
720

 
—

 
720

 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
Stockholders' equity
20,405

 
9,647

 
30,684

 
(40,331
)
 
20,405

Noncontrolling interests
—

 
—

 
3,728

 
421

 
4,149

Total equity
20,405

 
9,647

 
34,412

 
(39,910
)
 
24,554

Total liabilities and equity
$
38,545

 
$
24,150

 
$
52,875

 
$
(52,972
)
 
$
62,598

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 INCOME
Three and Nine Months Ended September 30, 2013
(In millions)

Three Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
FCX
 
FM O&G LLC
 
Non-guarantor
 
 
 
Consolidated
 
Issuer
 
Guarantor
 
Subsidiaries
 
Eliminations
 
FCX
Revenues
$
—

 
$
512

 
$
5,653

 
$
—

 
$
6,165

Cost of sales
1

 
415

 
3,835

 
—

 
4,251

Other operating costs and expenses
10

 
37

 
160

 
—

 
207

Total costs and expenses
11

 
452

 
3,995

 
—

 
4,458

Operating (loss) income
(11
)
 
60

 
1,658

 
—

 
1,707

Interest expense, net
(94
)
 
(51
)
 
(40
)
 
23

 
(162
)
Other income (expense), net
24

 
—

 
2

 
(23
)
 
3

(Loss) income before income taxes and equity
 
 
 
 
 
 
 
 
 
in affiliated companies' net earnings (losses)
(81
)
 
9

 
1,620

 
—

 
1,548

Benefit from (provision for) income taxes
35

 
(5
)
 
(529
)
 
—

 
(499
)
Equity in affiliated companies' net earnings (losses)
867

 
187

 
47

 
(1,102
)
 
(1
)
Net income (loss)
821

 
191

 
1,138

 
(1,102
)
 
1,048

Net income and preferred dividends attributable to noncontrolling interests
—

 
—

 
(202
)
 
(25
)
 
(227
)
Net income (loss) attributable to FCX
 
 
 
 
 
 
 
 
 
common stockholders
$
821

 
$
191

 
$
936

 
$
(1,127
)
 
$
821

 
 
 
 
 
 
 
 
 
 

Nine Months Ended September 30, 2013
 
 
 
 
 
 
 
 
 
 
FCX
 
FM O&G LLC
 
Non-guarantor
 
 
 
Consolidated
 
Issuer
 
Guarantor
 
Subsidiaries
 
Eliminations
 
FCX
Revenues
$
—

 
$
674

 
$
14,362

 
$
—

 
$
15,036

Cost of sales
2

 
541

 
10,139

 
—

 
10,682

Other operating costs and expenses
104

 
46

 
503

 
—

 
653

Total costs and expenses
106

 
587

 
10,642

 
—

 
11,335

Operating (loss) income
(106
)
 
87

 
3,720

 
—

 
3,701

Interest expense, net
(222
)
 
(63
)
 
(104
)
 
38

 
(351
)
Losses on early extinguishment of debt
(45
)
 
—

 
—

 
—

 
(45
)
Gain on investment in MMR
128

 
—

 
—

 
—

 
128

Other income (expense), net
39

 
—

 
12

 
(38
)
 
13

(Loss) income before income taxes and equity
 
 
 
 
 
 
 
 
 
in affiliated companies' net earnings (losses)
(206
)
 
24

 
3,628

 
—

 
3,446

Benefit from (provision for) income taxes
61

 
(10
)
 
(1,018
)
 
—

 
(967
)
Equity in affiliated companies' net earnings (losses)
2,096

 
207

 
1

 
(2,301
)
 
3

Net income (loss)
1,951

 
221

 
2,611

 
(2,301
)
 
2,482

Net income and preferred dividends attributable to noncontrolling interests
—

 
—

 
(494
)
 
(37
)
 
(531
)
Net income (loss) attributable to FCX
 
 
 
 
 
 
 
 
 
common stockholders
$
1,951

 
$
221

 
$
2,117

 
$
(2,338
)
 
$
1,951

 
 
 
 
 
 
 
 
 
 
Condensed Consolidating Statements of Cash Flows [Table Text Block]
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Nine Months Ended September 30, 2013
(In millions)
 
FCX
 
FM O&G LLC
 
Non-guarantor
 
 
 
Consolidated
 
Issuer
 
Guarantor
 
Subsidiaries
 
Eliminations
 
FCX
Cash flow from operating activities:
 
 
 
 
 
 
 
 
 
Net income (loss)
$
1,951

 
$
221

 
$
2,611

 
$
(2,301
)
 
$
2,482

Adjustments to reconcile net income (loss) to net
 
 
 
 
 
 
 
 
 
cash provided by operating activities:
 
 
 
 
 
 
 
 
 
Depreciation, depletion and amortization
3

 
341

 
1,434

 
—

 
1,778

Net losses on oil and gas derivative contracts
—

 
205

 
—

 
—

 
205

Losses on early extinguishment of debt
45

 
—

 
—

 
—

 
45

Gain on investment in MMR
(128
)
 
—

 
—

 
—

 
(128
)
Equity in earnings of consolidated subsidiaries
(2,096
)
 
(207
)
 
2

 
2,301

 
—

Other, net
8

 
(15
)
 
(143
)
 
—

 
(150
)
(Increases) decreases in working capital and other tax
 
 
 
 
 
 
 
 
 
 payments, excluding amounts from the acquisitions:
 
 
 
 
 
 
 
 
 
Accounts receivable, inventories and other
 
 
 
 
 
 
 
 
 
current assets
89

 
30

 
28

 
—

 
147

Accounts payable, accrued liabilities and accrued
 
 
 
 
 
 
 
 
 
income taxes and other tax payments
23

 
488

 
(1,147
)
 
—

 
(636
)
Net cash (used in) provided by operating activities
(105
)
 
1,063

 
2,785

 
—

 
3,743

 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(621
)
 
(3,002
)
 
—

 
(3,623
)
Acquisitions, net of cash acquired
(5,437
)
 
—

 
(4
)
 
—

 
(5,441
)
Intercompany loans
793

 
—

 
(1,095
)
 
302

 
—

Dividends from consolidated subsidiary
321

 
—

 
—

 
(321
)
 
—

Other, net
14

 
32

 
(70
)
 
—

 
(24
)
Net cash (used in) provided by investing activities
(4,309
)
 
(589
)
 
(4,171
)
 
(19
)
 
(9,088
)
 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt
11,085

 
—

 
144

 
—

 
11,229

Repayments of debt and redemption of MMR preferred stock
(4,501
)
 
(416
)
 
(126
)
 
—

 
(5,043
)
Intercompany loans
—

 
(56
)
 
358

 
(302
)
 
—

Cash dividends paid:
 
 
 
 
 
 
 
 
 
Common stock
(1,957
)
 
—

 
(321
)
 
321

 
(1,957
)
Noncontrolling interests
—

 
—

 
(157
)
 
—

 
(157
)
Other, net
(213
)
 
—

 
—

 
—

 
(213
)
Net cash provided by (used in) financing activities
4,414

 
(472
)
 
(102
)
 
19

 
3,859

 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
—

 
2

 
(1,488
)
 
—

 
(1,486
)
Cash and cash equivalents at beginning of period
—

 
—

 
3,705

 
—

 
3,705

Cash and cash equivalents at end of period
$
—

 
$
2

 
$
2,217

 
$
—

 
$
2,219