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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flow from operating activities:      
Net (loss) income $ (745,000,000)us-gaap_ProfitLoss [1],[2] $ 3,441,000,000us-gaap_ProfitLoss [3] $ 3,980,000,000us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation, depletion and amortization 3,863,000,000us-gaap_CostOfGoodsSoldDepreciationDepletionAndAmortization 2,797,000,000us-gaap_CostOfGoodsSoldDepreciationDepletionAndAmortization 1,179,000,000us-gaap_CostOfGoodsSoldDepreciationDepletionAndAmortization
Impairment of oil and gas properties and goodwill 5,454,000,000fcx_ImpairmentofOilandGasPropertiesandGoodwill 0fcx_ImpairmentofOilandGasPropertiesandGoodwill 0fcx_ImpairmentofOilandGasPropertiesandGoodwill
Net (gains) losses on crude oil and natural gas derivative contracts (504,000,000)us-gaap_GainLossOnDerivativeInstrumentsNetPretax 334,000,000us-gaap_GainLossOnDerivativeInstrumentsNetPretax 0us-gaap_GainLossOnDerivativeInstrumentsNetPretax
Gain on investment in McMoRan Exploration Co. (MMR) 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain (128,000,000)us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain 0us-gaap_BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGain
Stock-based compensation 106,000,000us-gaap_ShareBasedCompensation 173,000,000us-gaap_ShareBasedCompensation 100,000,000us-gaap_ShareBasedCompensation
Net charges for environmental and asset retirement obligations, including accretion 200,000,000fcx_ChargesForReclamationAndEnvironmentalObligationsIncludingAccretion 164,000,000fcx_ChargesForReclamationAndEnvironmentalObligationsIncludingAccretion 22,000,000fcx_ChargesForReclamationAndEnvironmentalObligationsIncludingAccretion
Payments for environmental and asset retirement obligations (176,000,000)fcx_PaymentsOfReclamationAndEnvironmentalObligations (237,000,000)fcx_PaymentsOfReclamationAndEnvironmentalObligations (246,000,000)fcx_PaymentsOfReclamationAndEnvironmentalObligations
Net (gain) loss on early extinguishment of debt (73,000,000)us-gaap_GainsLossesOnExtinguishmentOfDebt 35,000,000us-gaap_GainsLossesOnExtinguishmentOfDebt 168,000,000us-gaap_GainsLossesOnExtinguishmentOfDebt
Net gain on sales of assets 717,000,000us-gaap_GainLossOnDispositionOfAssets1 0us-gaap_GainLossOnDispositionOfAssets1 0us-gaap_GainLossOnDispositionOfAssets1
Deferred income taxes (929,000,000)fcx_DeferredIncomeTax 277,000,000fcx_DeferredIncomeTax 269,000,000fcx_DeferredIncomeTax
Increase in long-term mill and leach stockpiles (233,000,000)fcx_IncreaseDecreaseInLongTermMillAndLeachStockpiles (431,000,000)fcx_IncreaseDecreaseInLongTermMillAndLeachStockpiles (269,000,000)fcx_IncreaseDecreaseInLongTermMillAndLeachStockpiles
Other, net 17,000,000us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet 91,000,000us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet (12,000,000)us-gaap_IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
Decreases (increases) in working capital and changes in other tax payments, excluding amounts from acquisitions and dispositions:      
Accounts receivable 215,000,000us-gaap_IncreaseDecreaseInReceivables 49,000,000us-gaap_IncreaseDecreaseInReceivables (365,000,000)us-gaap_IncreaseDecreaseInReceivables
Inventories (249,000,000)us-gaap_IncreaseDecreaseInInventories (288,000,000)us-gaap_IncreaseDecreaseInInventories (729,000,000)us-gaap_IncreaseDecreaseInInventories
Other current assets 0us-gaap_IncreaseDecreaseInOtherCurrentAssets 26,000,000us-gaap_IncreaseDecreaseInOtherCurrentAssets (76,000,000)us-gaap_IncreaseDecreaseInOtherCurrentAssets
Accounts payable and accrued liabilities (394,000,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (359,000,000)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 209,000,000us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accrued income taxes and changes in other tax payments (204,000,000)us-gaap_IncreaseDecreaseInAccruedTaxesPayable 195,000,000us-gaap_IncreaseDecreaseInAccruedTaxesPayable (456,000,000)us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Net cash provided by operating activities 5,631,000,000us-gaap_NetCashProvidedByUsedInOperatingActivities 6,139,000,000us-gaap_NetCashProvidedByUsedInOperatingActivities 3,774,000,000us-gaap_NetCashProvidedByUsedInOperatingActivities
Capital expenditures:      
North America copper mines (969,000,000)fcx_NorthAmericaCapitalExpenditures (1,066,000,000)fcx_NorthAmericaCapitalExpenditures (825,000,000)fcx_NorthAmericaCapitalExpenditures
South America (1,785,000,000)fcx_SouthAmericanCapitalExpenditures (1,145,000,000)fcx_SouthAmericanCapitalExpenditures (931,000,000)fcx_SouthAmericanCapitalExpenditures
Indonesia (948,000,000)fcx_IndonesiaCapitalExpenditures (1,030,000,000)fcx_IndonesiaCapitalExpenditures (843,000,000)fcx_IndonesiaCapitalExpenditures
Africa (159,000,000)fcx_AfricanCapitalExpenditures (205,000,000)fcx_AfricanCapitalExpenditures (539,000,000)fcx_AfricanCapitalExpenditures
Molybdenum mines (54,000,000)fcx_CapitalExpendituresMolybdenum (164,000,000)fcx_CapitalExpendituresMolybdenum (245,000,000)fcx_CapitalExpendituresMolybdenum
U.S. oil and gas operations (3,205,000,000)fcx_NorthAmericaOilandGasCapitalExpenditures (1,436,000,000)fcx_NorthAmericaOilandGasCapitalExpenditures 0fcx_NorthAmericaOilandGasCapitalExpenditures
Other (95,000,000)us-gaap_PaymentsToAcquireOtherProductiveAssets (240,000,000)us-gaap_PaymentsToAcquireOtherProductiveAssets (111,000,000)us-gaap_PaymentsToAcquireOtherProductiveAssets
Acquisition of Deepwater Gulf of Mexico interests (1,426,000,000)us-gaap_PaymentsToAcquireOilAndGasProperty 0us-gaap_PaymentsToAcquireOilAndGasProperty 0us-gaap_PaymentsToAcquireOilAndGasProperty
Acquisition of Plains Exploration & Production Company, net of cash acquired 0fcx_PaymentstoAcquireBusinessesNetofCashAcquired2 (3,465,000,000)fcx_PaymentstoAcquireBusinessesNetofCashAcquired2 0fcx_PaymentstoAcquireBusinessesNetofCashAcquired2
Acquisition of MMR, net of cash acquired 0fcx_PaymentstoAcquireBusinessesNetofCashAcquired1 (1,628,000,000)fcx_PaymentstoAcquireBusinessesNetofCashAcquired1 0fcx_PaymentstoAcquireBusinessesNetofCashAcquired1
Acquisition of cobalt chemical business, net of cash acquired 0fcx_PaymentstoAcquireBusinessesNetofCashAcquired3 (348,000,000)fcx_PaymentstoAcquireBusinessesNetofCashAcquired3 0fcx_PaymentstoAcquireBusinessesNetofCashAcquired3
Net proceeds from sale of Candelaria and Ojos del Salado 1,709,000,000us-gaap_ProceedsFromSaleOfProductiveAssets 0us-gaap_ProceedsFromSaleOfProductiveAssets 0us-gaap_ProceedsFromSaleOfProductiveAssets
Net proceeds from sale of Eagle Ford shale assets 2,910,000,000us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment 0us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment 0us-gaap_ProceedsFromSaleOfOilAndGasPropertyAndEquipment
Other, net 221,000,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities (181,000,000)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 31,000,000us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (3,801,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (10,908,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,463,000,000)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flow from financing activities:      
Proceeds from debt 8,710,000,000us-gaap_ProceedsFromIssuanceOfDebt 11,501,000,000us-gaap_ProceedsFromIssuanceOfDebt 3,029,000,000us-gaap_ProceedsFromIssuanceOfDebt
Repayments of debt (10,306,000,000)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (5,476,000,000)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (3,186,000,000)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Redemption of MMR preferred stock 0us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock (228,000,000)us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock 0us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
Cash dividends and distributions paid:      
Common stock (1,305,000,000)us-gaap_PaymentsOfDividendsCommonStock (2,281,000,000)us-gaap_PaymentsOfDividendsCommonStock (1,129,000,000)us-gaap_PaymentsOfDividendsCommonStock
Noncontrolling interests (424,000,000)us-gaap_PaymentsOfDividendsMinorityInterest (256,000,000)us-gaap_PaymentsOfDividendsMinorityInterest (113,000,000)us-gaap_PaymentsOfDividendsMinorityInterest
Stock-based awards net proceeds (payments), including excess tax benefit 9,000,000fcx_NetProceedsPaymentsFromShareBasedAwards (98,000,000)fcx_NetProceedsPaymentsFromShareBasedAwards 7,000,000fcx_NetProceedsPaymentsFromShareBasedAwards
Debt financing costs and other, net (35,000,000)us-gaap_PaymentOfFinancingAndStockIssuanceCosts (113,000,000)us-gaap_PaymentOfFinancingAndStockIssuanceCosts (36,000,000)us-gaap_PaymentOfFinancingAndStockIssuanceCosts
Net cash (used in) provided by financing activities (3,351,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivities 3,049,000,000us-gaap_NetCashProvidedByUsedInFinancingActivities (1,428,000,000)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net decrease in cash and cash equivalents (1,521,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,720,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,117,000,000)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 1,985,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue 3,705,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue 4,822,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year $ 464,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,985,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 3,705,000,000us-gaap_CashAndCashEquivalentsAtCarryingValue
[1] Includes a tax charge of $57 million ($0.06 per share) in the second quarter, $5 million in the third quarter, $22 million ($0.02 per share) in the fourth quarter and $84 million ($0.08 per share) for the year associated with deferred taxes recorded in connection with the allocation of goodwill to the sale of the Eagle Ford properties. Additionally, includes a net tax charge (benefit) of $54 million ($7 million attributable to noncontrolling interests and $47 million to net income attributable to common stockholders or $0.04 per share) in the third quarter, $(17) million ($11 million attributable to noncontrolling interests and $(28) million to net loss attributable to common stockholders or $(0.03) per share) in the fourth quarter and $37 million ($18 million attributable to noncontrolling interests and $19 million to net loss attributable to common stockholders or $0.02 per share) for the year associated with changes in Chilean tax rules, U.S. federal income tax regulations and Peruvian tax rules, partially offset by a tax benefit related to changes in U.S. state income tax filing positions.
[2] Includes net gains (losses) on early extinguishment of debt totaling $4 million in the second quarter, $17 million ($0.02 per share) in the third quarter, $(18) million ($(0.02) per share) in the fourth quarter and $3 million for the year. Refer to Note 8 for further discussion.
[3] Includes a net tax benefit of $183 million ($0.19 per share) in the second quarter, $16 million ($0.01 per share) in the fourth quarter and $199 million ($0.20 per share) for the year associated with net reductions in FCX's deferred tax liabilities and deferred tax asset valuation allowances related to the acquisitions of PXP and MMR.