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DISPOSITIONS AND ACQUISITIONS (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
USD ($)
May. 31, 2013
USD ($)
$ / shares
shares
Dec. 31, 2015
USD ($)
Sep. 30, 2015
USD ($)
Jun. 30, 2015
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
Jun. 30, 2014
USD ($)
Mar. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Mar. 31, 2013
USD ($)
Jun. 30, 2014
USD ($)
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
$ / shares
Dec. 31, 2013
USD ($)
$ / shares
Dec. 31, 2012
USD ($)
Sep. 08, 2014
USD ($)
Jun. 20, 2014
USD ($)
Jun. 03, 2013
USD ($)
$ / shares
shares
Mar. 29, 2013
USD ($)
Mar. 07, 2013
USD ($)
Feb. 14, 2013
USD ($)
Business Acquisition [Line Items]                                              
Payments of Dividends                           $ 725,000,000 $ 1,729,000,000 $ 2,537,000,000              
Common Stock, Dividends, Per Share, Declared | $ / shares                           $ 0.2605 $ 1.25 $ 2.25              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net                 $ 8,919,000,000       $ 8,919,000,000                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities [1]                 0       0                    
Payments for Repurchase of Preferred Stock and Preference Stock                           $ 0 $ 0 $ 228,000,000              
Royalty Trust Units Issued, Conversion of Debt or Equity Instrument                               17,700,000              
Gain on investment in McMoRan Exploration Co. (MMR)                           0 0 $ 128,000,000              
Revenues     $ 3,795,000,000 [2] $ 3,681,000,000 [2] $ 4,248,000,000 [2] $ 4,153,000,000 [2] $ 5,235,000,000 [3] $ 5,696,000,000 [3] 5,522,000,000 [3] $ 4,985,000,000 [3]       15,877,000,000 [2],[4] 21,438,000,000 [3],[4] 20,921,000,000 [4]              
Operating income     (4,100,000,000) [5],[6],[7] (3,945,000,000) [5],[6],[7] (2,374,000,000) [5],[6],[7] (2,963,000,000) [5],[6],[7] (3,299,000,000) [8],[9] 1,132,000,000 [8],[9] 1,153,000,000 $ 1,111,000,000       (13,382,000,000) [5],[6],[7] 97,000,000 [8],[9] 5,351,000,000              
Income Tax Expense (Benefit), Changes in Deferred Tax Liabilities and Deferred Tax Asset Valuation Allowances     1,400,000,000 $ 1,100,000,000 $ 305,000,000 $ 458,000,000 $ 22,000,000 $ 5,000,000 57,000,000         3,300,000,000 84,000,000 190,000,000              
Gain (Loss) on Disposition of Oil and Gas Property                               $ 77,000,000              
8% Convertible Perpetual Preferred Stock [Member]                                              
Business Acquisition [Line Items]                                              
Preferred Stock, Dividend Rate, Percentage                               8.00%              
5.75% Convertible Perpetual Preferred Stock, Series 1 [Member]                                              
Business Acquisition [Line Items]                                              
Preferred Stock, Dividend Rate, Percentage                               5.75%              
Deepwater Gulf of Mexico Interests [Member]                                              
Business Acquisition [Line Items]                                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Asset Retirement Costs                         $ 10,000,000                    
Business Acquisition, Effective Date of Acquisition               Sep. 08, 2014         Jun. 30, 2014                    
Business Combination, Consideration Transferred               $ 496,000,000         $ 918,000,000                    
Business Combination, Adjustment to Recognized Identifiable Assets Acquired and Liabilities Assumed Oil and Gas Properties Subject to Depletion               $ 509,000,000         451,000,000                    
Business Combination, Adjustment to Recognized Identifiable Assets Acquired and Liabilities Assumed Oil and Gas Properties Not Subject to Depletion                         $ 477,000,000                    
Eagle Ford [Member]                                              
Business Acquisition [Line Items]                                              
Business Acquisition, Effective Date of Acquisition                         Apr. 01, 2014                    
Income Tax Expense (Benefit), Changes in Deferred Tax Liabilities and Deferred Tax Asset Valuation Allowances                 84,000,000                            
Business Combination, Consideration Transferred                         $ 3,100,000,000                    
Deposits                                   $ 414,000,000 $ 1,300,000,000        
Plains Exploration & Production Company [Member]                                              
Business Acquisition [Line Items]                                              
Dividends Payable, Date to be Paid   May 31, 2013                                          
Business Acquisition, Effective Date of Acquisition   May 31, 2013                           May 31, 2013              
Business Acquisition, Agreed-Upon Equity Interest Issued or Issuable, Number of Shares Per Share of Target Company | shares   0.6531                                          
Business Acquisitions, Agreed-Upon Cost of Entity Acquired, Cash Paid Per Share | $ / shares   $ 25.00                                          
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares   91,161,000                                          
Payments to Acquire Businesses, Gross   $ 3,800,000,000                                          
Payments of Dividends   $ 411,000,000                                          
Common Stock, Dividends, Per Share, Declared | $ / shares   $ 3                                          
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net   $ 6,639,000,000             6,639,000,000       6,639,000,000                    
Common Stock, Shares, Outstanding | shares   132,280,000                                          
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Excluding Shares Related to Employee Stock-based Awards | shares   86,392,000                                          
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares Related to Employee Stock-based Awards | shares   4,769,000                                          
Share Price | $ / shares   $ 31.05                                          
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable   $ 2,831,000,000                                          
Payment to Acquire Businesses, Excluding Payments for Employee Stock-based Awards [10]   3,725,000,000                                          
Other Payments to Acquire Businesses   83,000,000                                          
Payment to Acquire Businesses, Per Share Consideration, Total   3,300,000,000                                          
Payment to Acquire Businesses, Consideration for Equity Awards   $ 7,000,000                                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities [1]                 848,000,000       848,000,000                    
Deferred Finance Costs, Noncurrent, Net                     $ 96,000,000         $ 96,000,000              
McMoRan Exploration Co [Member]                                              
Business Acquisition [Line Items]                                              
Business Acquisition, Effective Date of Acquisition                               Jun. 03, 2013              
Business Acquisitions, Agreed-Upon Cost of Entity Acquired, Cash Paid Per Share | $ / shares                                       $ 14.75      
Payments to Acquire Businesses, Gross $ 1,720,000,000                                            
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net                 3,128,000,000       3,128,000,000             $ 3,128,000,000      
Share Price | $ / shares   $ 16.63                                   $ 16.75      
Payment to Acquire Businesses, Excluding Payments for Employee Stock-based Awards 1,657,000,000                                            
Other Payments to Acquire Businesses $ 63,000,000                                            
Buinsess Acquisition, Agreed-Upon Royalty Trust Units Issued or Issuable, Per Share of Target Company 1.15                                            
Royalty Interest in Future Production                                       5.00%      
Business Acquisition, Date of Acquisition Agreement                                 Dec. 05, 2012            
Investment Owned, Balance, Shares | shares   51,000,000                                          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities   $ 848,000,000             0 [1]       0 [1]                    
Number Of Shares Of Investee Preferred Stock Purchased | shares   500,000                                          
Preferred Stock, Dividend Rate, Percentage   5.75%                                          
Cost-method investment   $ 432,000,000                                          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value $ 1,400,000,000                                            
Gain on investment in McMoRan Exploration Co. (MMR)                 128,000,000                            
McMoRan Exploration Co [Member] | Common Stock [Member]                                              
Business Acquisition [Line Items]                                              
Common Stock, Shares, Outstanding | shares [11]                                       112,362,000.000      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities                                       $ 854,000,000      
McMoRan Exploration Co [Member] | 5.75% Convertible Perpetual Preferred Stock, Series 2 [Member]                                              
Business Acquisition [Line Items]                                              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities                                       $ 554,000,000      
Kokkola Cobalt Chemicals Refinery [Member]                                              
Business Acquisition [Line Items]                                              
Business Acquisition, Effective Date of Acquisition                       Mar. 29, 2013                      
Payments to Acquire Businesses, Gross                       $ 34,000,000                      
Company's direct ownership percentage                                         56.00%    
Business Combination, Consideration Transferred                       $ 382,000,000                      
Business Acquisition, Cash Consideration Funding Percentage                                         70.00%    
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High                                         $ 110,000,000    
Buisness Combination, Term of Contingent Consideration                               3 years              
Intersubsegment Eliminations [Member]                                              
Business Acquisition [Line Items]                                              
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net                 (848,000,000)       (848,000,000)                    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities [1]                 $ (848,000,000)       $ (848,000,000)                    
Senior Notes [Member]                                              
Business Acquisition [Line Items]                                              
Debt Instrument, Face Amount                                           $ 6,500,000,000  
Proceeds from Issuance of Long-term Debt                             2,970,000,000 $ 6,400,000,000 $ 2,470,000,000            
Bank Term Loan [Member]                                              
Business Acquisition [Line Items]                                              
Debt Instrument, Face Amount     $ 4,000,000,000                     4,000,000,000                 $ 4,000,000,000
Term of Debt Agreement                     5 years                        
Oil and Gas Operations Segment [Member]                                              
Business Acquisition [Line Items]                                              
Revenues                           1,994,000,000 [12],[13] 4,710,000,000 [12],[13] 2,616,000,000 [14]              
Operating income                           $ (14,189,000,000) [13] $ (4,479,000,000) [13] 450,000,000              
Business Combination, Acquisition Related Costs                               $ 74,000,000              
Lundin Mining Corporation [Member] | Kokkola Cobalt Chemicals Refinery [Member]                                              
Business Acquisition [Line Items]                                              
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners                                         24.00%    
Business Acquisition, Cash Consideration Funding Percentage                                         30.00%    
La Generale des Carrieres et des Mines [Member] | Kokkola Cobalt Chemicals Refinery [Member]                                              
Business Acquisition [Line Items]                                              
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners                                         20.00%    
[1] PXP owned 51 million shares of MMR common stock, which were eliminated in FCX's consolidated balance sheet at the acquisition date of MMR.
[2] Includes charges of $48 million ($30 million to net loss attributable to common stockholders or $0.03 per share) in the first quarter, $95 million ($59 million to net loss attributable to common stockholders or $0.06 per share) in the second quarter, $74 million ($46 million to net loss attributable to common stockholders or $0.04 per share) in the third quarter, $102 million ($63 million to net loss attributable to common stockholders or $0.05 per share) in the fourth quarter and $319 million ($198 million to net loss attributable to common stockholders or $0.18 per share) for the year for net noncash mark-to-market losses on crude oil derivative contracts.
[3] Includes credits (charges) of $15 million ($9 million to net income attributable to common stockholders or $0.01 per share) in the first quarter, $(7) million ($(4) million to net income attributable to common stockholders) in the second quarter, $122 million ($76 million to net income attributable to common stockholders or $0.07 per share) in the third quarter, $497 million ($309 million to net loss attributable to common stockholders or $0.30 per share) in the fourth quarter and $627 million ($389 million to net loss attributable to common stockholders or $0.37 per share) for the year for net noncash mark-to-market gains (losses) on crude oil and natural gas derivative contracts.
[4] Revenues are attributed to countries based on the location of the customer.
[5] Includes charges at oil and gas operations of $17 million ($10 million to net loss attributable to common stockholders or $0.01 per share) in the first quarter, $22 million ($14 million to net loss attributable to common stockholders or $0.01 per share) in the second quarter, $21 million ($13 million to net loss attributable to common stockholders or $0.01 per share) in the third quarter, $129 million ($81 million to net loss attributable to common stockholders or $0.07 per share) in the fourth quarter and $188 million ($117 million to net loss attributable to common stockholders or $0.11 per share) for the year for other asset impairments and inventory write-downs, idle/terminated rig costs and prior year non-income tax assessments related to the California properties.
[6] Includes charges of $3.1 billion ($2.4 billion to net loss attributable to common stockholders or $2.31 per share) in the first quarter, $2.7 billion ($2.0 billion to net loss attributable to common stockholders or $1.90 per share) in the second quarter, $3.7 billion ($3.5 billion to net loss attributable to common stockholders or $3.25 per share) in the third quarter, $3.7 billion ($3.7 billion to net loss attributable to common stockholders or $3.18 per share) in the fourth quarter and $13.1 billion ($11.6 billion to net loss attributable to common stockholders or $10.72 per share) for the year to reduce the carrying value of oil and gas properties pursuant to full cost accounting rules. Additionally, after-tax impacts to net loss include net tax charges of $458 million ($0.44 per share) in the first quarter, $305 million ($0.29 per share) in the second quarter, $1.1 billion ($1.07 per share) in the third quarter, $1.4 billion ($1.21 per share) in the fourth quarter and $3.3 billion ($3.09 per share) for the year to establish a valuation allowance primarily against U.S. federal alternative minimum tax credits and foreign tax credits, partly offset by a tax benefit related to the impairment of the Morocco oil and gas properties in the third quarter.
[7] Includes charges of $4 million ($3 million to net loss attributable to common stockholders) in the first quarter, $59 million ($38 million to net loss attributable to common stockholders or $0.04 per share) in the second quarter, $91 million ($58 million to net loss attributable to common stockholders or $0.05 per share) in the third quarter, $184 million ($118 million to net loss attributable to common stockholders or $0.10 per share) in the fourth quarter and $338 million ($217 million to net loss attributable to common stockholders or $0.20 per share) for the year associated with inventory adjustments to copper and molybdenum inventories. Additionally, includes charges at mining operations of $95 million ($58 million to net loss attributable to common stockholders or $0.05 per share) in the third quarter, $64 million ($38 million to net loss attributable to common stockholders or $0.03 per share) in the fourth quarter and $156 million ($94 million to net loss attributable to common stockholders or $0.09 per share) for the year associated with impairments, restructuring and other net charges.
[8] Includes charges of $308 million ($192 million to net income attributable to common stockholders or $0.18 per share) in the third quarter, $3.4 billion ($2.1 billion to net loss attributable to common stockholders or $2.05 per share) in the fourth quarter and $3.7 billion ($2.3 billion to net loss attributable to common stockholders or $2.24 per share) for the year to reduce the carrying value of oil and gas properties pursuant to full cost accounting rules. Additionally, includes charges at the oil and gas operations in the fourth quarter and for the year of (i) $1.7 billion ($1.7 billion to net loss attributable to common stockholders or $1.65 per share) for the impairment of the full carrying value of goodwill and (ii) $46 million ($29 million to net loss attributable to common stockholders or $0.03 per share) for idle/terminated rig costs and inventory write-downs.
[9] Includes net gains of $46 million ($31 million to net income attributable to common stockholders or $0.03 per share) in the third quarter, $671 million ($450 million to net loss attributable to common stockholders or $0.43 per share) in the fourth quarter and $717 million ($481 million to net loss attributable to common stockholders or $0.46 per share) for the year primarily from the sale of the Candelaria and Ojos del Salado copper mining operations in the fourth quarter (refer to Note 2 for further discussion) and the sale of a metals injection molding plant in the third quarter.
[10] Cash consideration includes 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.
[11] Excludes 51 million shares of MMR common stock owned by FCX through its acquisition of PXP on May 31, 2013.
[12] Includes net mark-to-market gains associated with crude oil and natural gas derivative contracts totaling $87 million in 2015 and $505 million in 2014.
[13] Includes the results of Eagle Ford prior to its sale in June 2014.
[14] Includes net mark-to-market losses associated with crude oil and natural gas derivative contracts totaling $334 million for the period from June 1, 2013, to December 31, 2013