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INCOME TAXES (Details) - USD ($)
$ in Millions
3 Months Ended 7 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Dec. 31, 2013
Nov. 03, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income before income taxes and equity in affiliated companies' net earnings [Abstract]                        
United States                   $ (14,617) $ (2,997) $ 1,104
Foreign                   596 2,573 3,809
Total                   (14,021) (424) 4,913
Current income taxes:                        
Federal                   89 (281) (203)
State                   2 (35) (9)
Foreign                   (195) (1,128) (1,081)
Total current                   (104) (1,444) (1,293)
Deferred income taxes (benefits):                        
Federal                   3,403 606 (234)
State                   154 214 35
Foreign                   (144) (33) (346)
Total deferred                   3,413 787 (545)
Adjustments                   (1,374) [1] 0 199 [2]
Benefit from (provision for) income taxes                   1,935 (324) [3],[4] (1,475) [5]
Income Tax Expense (Benefit), Changes in Deferred Tax Liabilities and Deferred Tax Asset Valuation Allowances $ (1,400) $ (1,100) $ (305) $ (458) $ (22) $ (5) $ (57)     (3,300) (84) (190)
Valuation allowance on deferred tax asset increase (decrease) during period                   1,749    
Deferred Other Tax Expense (Benefit)                       16
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability, Environmental Matters                       (76)
Income tax expense (benefit), reconciliation [Abstract]                        
U.S. federal statutory tax rate                   4,907 149 (1,720)
Foreign tax credit limitation                   (228) (167) (117)
Percentage depletion                   186 263 [6] 223
Withholding and other impacts on foreign earnings                   (193) (161) (306)
Effect of foreign rates different than the U.S. federal statutory rate                   56 135 223
Valuation allowance on minimum tax credits                   (2,964) [7] 0 190
Goodwill impairment                   0 (601) 0
Goodwill transferred to full cost pool                   0 (77) 0
State income taxes                   105 [7] 115 43
Other items, net                   66 20 (11)
Benefit from (provision for) income taxes                   $ 1,935 $ (324) [3],[4] $ (1,475) [5]
Effective income tax rate, reconciliation [Abstract]                        
U.S. federal statutory tax rate               (35.00%)   (35.00%) (35.00%) (35.00%)
Foreign tax credit limitation                   1.00% 39.00% (2.00%)
Percentage depletion                   (1.00%) (62.00%) 5.00%
Withholding and other impacts on foreign earnings                   1.00% 38.00% (7.00%)
Effect of foreign rates different than the U.S. federal statutory rate                   (0.00%) (32.00%) 5.00%
Valuation allowance on minimum tax credits                   21.00% (0.00%) 4.00%
Goodwill impairment                   (0.00%) 142.00% (0.00%)
Goodwill transferred to full cost pool                   (0.00%) 18.00% (0.00%)
State income taxes               (3.00%)   (1.00%) (27.00%) (0.00%)
Other items, net                   (0.00%) (5.00%) (0.00%)
Benefit from (provision for) income taxes                   (14.00%) 76.00% (30.00%)
Tax charge related to change in U.S. federal income tax regulations                     $ (16)  
Total income taxes paid to all jurisdictions                   $ 900 1,500 $ 1,300
Tax refunds received from all jurisdictions                   334 257 270
Deferred tax assets:                        
Foreign tax credits 1,552       2,306         1,552 2,306  
Accrued expenses 1,184       1,047         1,184 1,047  
Oil and gas properties 1,422       0         1,422 0  
Minimum tax credits 569       737         569 737  
Net operating loss carryforwards 621       590         621 590  
Employee benefit plans 521       422         521 422  
Other 509       734         509 734  
Deferred tax assets 6,378       5,836         6,378 5,836  
Valuation allowances 4,183       2,434         4,183 2,434  
Net deferred tax assets 2,195       3,402         2,195 3,402  
Deferred tax liabilities:                        
Property, plant, equipment and development costs (5,567)       (5,331)         (5,567) (5,331)  
Oil and gas properties 0       (3,392)         0 (3,392)  
Undistributed earnings (855)       (807)         (855) (807)  
Other (58)       (185)         (58) (185)  
Total deferred tax liabilities (6,480)       (9,715)         (6,480) (9,715)  
Net deferred tax liabilities (4,285)       $ (6,313)         (4,285) (6,313)  
Tenke Fungurume [Member]                        
Income before income taxes and equity in affiliated companies' net earnings [Abstract]                        
Undistributed Earnings of Foreign Subsidiaries 1,300                 1,300    
PT Freeport Indonesia [Member]                        
Deferred income taxes (benefits):                        
Adjustments [1]                   200    
Change in Deferred Tax Assets                   1,500    
Valuation allowance on deferred tax asset increase (decrease) during period                   (1,300)    
Freeport-McMoRan Oil & Gas [Member]                        
Income before income taxes and equity in affiliated companies' net earnings [Abstract]                        
Total                   (4,544) (1,200) (17)
Deferred income taxes (benefits):                        
Benefit from (provision for) income taxes                   1,718 281 17
Income Tax Expense (Benefit), Changes in Deferred Tax Liabilities and Deferred Tax Asset Valuation Allowances                   3,300    
Valuation allowance on deferred tax asset increase (decrease) during period                   (1,200)    
Income tax expense (benefit), reconciliation [Abstract]                        
Benefit from (provision for) income taxes                   1,718 281 17
McMoRan Exploration Co [Member]                        
Deferred income taxes (benefits):                        
Deferred Other Tax Expense (Benefit)                       69
Chile [Member]                        
Deferred income taxes (benefits):                        
Adjustments                     54  
Peru [Member]                        
Deferred income taxes (benefits):                        
Adjustments                     24  
Candelaria and Ojos del Salado Mining Complex [Member]                        
Income before income taxes and equity in affiliated companies' net earnings [Abstract]                        
Total                 $ 270     689
Effective income tax rate, reconciliation [Abstract]                        
Significant Acquisitions and Disposals, Gain (Loss) on Sale or Disposal, Tax Provision (Benefit)                 $ (221)      
Foreign Tax Credits [Member]                        
Deferred tax assets:                        
Valuation allowances 1,600                 1,600    
Deferred Tax Assets [Member]                        
Deferred tax assets:                        
Valuation allowances 1,400                 1,400    
Minimum Tax Credit Carryforwards [Member]                        
Deferred tax assets:                        
Valuation allowances 569                 569    
Federal Operating Loss Carryforwards [Member]                        
Deferred income taxes (benefits):                        
Change in Deferred Tax Assets                   0 $ (333) [8] $ (164) [8]
Deferred tax assets:                        
Valuation allowances $ 525                 $ 525    
[1] Adjustments include net provisions of $1.2 billion associated with an increase in the beginning of the year valuation allowance related to the impairment of U.S. oil and gas properties and $0.2 billion resulting from the termination of PT-FI's Delaware domestication reflecting a $1.5 billion reduction in deferred tax assets during the year, partially offset by a $1.3 billion reduction in the beginning of the year valuation allowance.
[2] As a result of the oil and gas acquisitions, FCX recognized a net benefit of $199 million, consisting of $190 million associated with net reductions in the beginning of the year valuation allowances, $69 million related to the release of the deferred tax liability on PXP's investment in MMR common stock and $16 million associated with the revaluation of state deferred tax liabilities, partially offset by income tax expense of $76 million associated with the write off of deferred tax assets related to environmental liabilities.
[3] Includes a net charge of $221 million related to the sale of the Candelaria and Ojos del Salado mines.
[4] Includes charges related to changes in Chilean and Peruvian tax rules of $54 million and $24 million, respectively.
[5] Includes a net tax benefit of $199 million as a result of the oil and gas acquisitions.
[6] Includes a net charge of $16 million in 2014 related to a change in U.S. federal income tax law.
[7] As a result of the impairment to U.S. oil and gas properties, FCX recorded tax charges totaling $3.3 billion to establish valuation allowances against U.S. federal and state deferred tax assets for which a future benefit is not expected to be realized.
[8] Benefit from the use of federal operating loss carryforwards acquired as part of the oil and gas acquisitions.