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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2013
Acquisitions [Abstract]  
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]
Following is a summary of the $3.1 billion purchase price for MMR:
Number of shares of MMR common stock acquired (millions)
112.362

a 
Cash consideration of $14.75 per share
$
14.75

 
Cash consideration paid by FCX
$
1,657

 
Employee stock-based awards
63

 
Total
1,720

 
 
 
 
Fair value of FCX's investment in 51 million shares of MMR common stock acquired on
 
 
May 31, 2013, through the acquisition of PXP
854

 
Fair value of FCX's investment in MMR's 5.75% Convertible Perpetual Preferred Stock, Series 2
554

 
Total purchase price
$
3,128

 
a.
Excluded 51 million shares of MMR common stock owned by FCX through its acquisition of PXP on May 31, 2013.

Following is a summary of the $6.6 billion purchase price for PXP:
Number of shares of PXP common stock acquired (millions)
132.280

 
Exchange ratio of FCX common stock for each PXP share
0.6531

 
 
86.392

 
Shares of FCX common stock issued for certain PXP equity awards (millions)
4.769

 
Total shares of FCX common stock issued (millions)
91.161

 
 
 
 
Closing share price of FCX common stock at May 31, 2013
$
31.05

 
FCX stock consideration
$
2,831

 
Cash consideration
3,725

a 
Employee stock-based awards, primarily cash-settled stock-based awards
83

 
Total purchase price
$
6,639

 
a.
Cash consideration included the payment of $25.00 in cash for each PXP share ($3.3 billion), cash paid in lieu of any fractional shares of FCX common stock, cash paid for certain equity awards ($7 million), and the value of the $3 per share PXP special cash dividend ($411 million) paid on May 31, 2013.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the preliminary purchase price allocations for PXP and MMR as of December 31, 2013:
 
PXP
 
MMR
 
Eliminations
 
Total
Current assets
$
1,193

 
$
98

 
$
—

 
$
1,291

Oil and gas properties - full cost method:
 
 
 
 
 
 
 
Subject to amortization
11,447

 
756

 
—

 
12,203

Not subject to amortization.
9,401

 
1,686

 
—

 
11,087

Property, plant and equipment
261

 
1

 
—

 
262

Investment in MMRa
848

 
—

 
(848
)
 
—

Other assets
12

 
423

 
—

 
435

Current liabilities
(906
)
 
(174
)
 
—

 
(1,080
)
Debt (current and long-term)
(10,631
)
 
(620
)
 
—

 
(11,251
)
Deferred income taxesb
(3,916
)
 
—

 
—

 
(3,916
)
Other long-term liabilities
(799
)
 
(262
)
 
—

 
(1,061
)
Redeemable noncontrolling interest
(708
)
 
(259
)
 
—

 
(967
)
Total fair value, excluding goodwill
6,202

 
1,649

 
(848
)
 
7,003

Goodwillc
437

 
1,479

 
—

 
1,916

Total purchase price
$
6,639

 
$
3,128

 
$
(848
)
 
$
8,919

a.
PXP owned 51 million shares of MMR common stock, which was eliminated in FCX's consolidated balance sheet at the acquisition date of MMR.
b.
Deferred income taxes have been recognized based on the estimated fair value adjustments to net assets using a 38 percent tax rate, which reflected the 35 percent federal statutory rate and a 3 percent weighted-average of the applicable statutory state tax rates (net of federal benefit).
c.
During the fourth quarter of 2013, FCX conducted a qualitative goodwill impairment assessment by examining relevant events and circumstances that could have a negative impact on FCX's goodwill, such as macroeconomic conditions, industry and market conditions, cost factors that have a negative effect on earnings and cash flows, overall financial performance, dispositions and acquisitions, and any other relevant events or circumstances. After assessing the relevant events and circumstances for the qualitative impairment assessment, FCX determined that performing a quantitative goodwill impairment test was unnecessary, and no goodwill impairment was recognized.
Schedule Of Adjustments To Recognized Identified Assets Acquired And Liabilities Assumed [Table Text Block]
A summary of the 2013 adjustments to the initial fair values assigned to assets acquired, liabilities assumed and redeemable noncontrolling interest from the acquisitions follows:
 
 
PXP
 
MMR
 
Total
Increase in current assets (primarily current deferred income tax asset)
 
$
183

 
$
2

 
$
185

Decreases in oil and gas properties - full cost method:
 
 
 
 
 
 
Subject to amortization
 
—

 
(45
)
 
(45
)
Not subject to amortization
 
(234
)
 
(6
)
 
(240
)
Increase in other assets (deferred income tax asset)
 
—

 
24

 
24

Net increase in deferred income tax liability
 
(45
)
 
—

 
(45
)
Net decrease (increase) in other liabilities (primarily warrants)
 
77

 
(4
)
 
73

Decrease in redeemable noncontrolling interest
 
41

 
—

 
41

(Decrease) increase in goodwill
 
(17
)
 
29

 
12
Business Acquisition, Pro Forma Information [Table Text Block]
The historical consolidated financial information has been adjusted to reflect factually supportable items that are directly attributable to the acquisitions.
 
Years Ended December 31,
 
 
2013
 
2012
 
Revenues
$
23,075

 
$
22,713

 
Operating income
6,267

 
6,815

 
Income from continuing operations
3,626

 
4,277

 
Net income attributable to FCX common stockholders
2,825

 
3,301

 
 
 
 
 
 
Net income per share attributable to FCX common stockholders:
 
 
 
 
Basic
$
2.71

 
$
3.17

 
Diluted
2.70

 
3.16