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CONTINGENCIES (Asset Retirement Obligations) (Details)
$ in Millions
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Balance at beginning of year $ 2,747 $ 2,319 $ 1,135
Liabilities assumed in the acquisitions of PXP and MMR [1] 0 0 1,028
Liabilities incurred 97 429 [2] 45
Settlements and revisions to cash flow estimates, net (66) 56 115
Accretion expense 131 116 95
Dispositions 0 (61) 0
Spending (132) (101) (97)
Other (3) (11) (2)
Balance at end of year 2,774 2,747 2,319
Less current portion (172) (189) (107)
Long-term portion 2,602 2,558 $ 2,212
Fair Value Assumptions, Inflation Rate     2.50%
Financial Assurance Obligations 994    
New Mexico environmental and reclamation programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Legally Restricted Funds For Asset Retirement Obligations 169 $ 168  
Accrued reclamation and closure costs 451    
Arizona environmental and reclamation programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Accrued reclamation and closure costs 298    
Colorado Environmental And Reclamation Programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Accrued reclamation and closure costs 66    
Chile environmental and reclamation programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Accrued reclamation and closure costs 51    
Peru Environmental and Reclamation Programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Accrued reclamation and closure costs 106    
PT Freeport Indonesia environmental and reclamation programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Liabilities incurred 403    
Accrued reclamation and closure costs $ 674    
Estimated years the mining activities are expected to continue (in years) 25 years    
Current cash balance of reclamation fund $ 21    
Minimum [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Fair Value Assumptions, Risk Free Interest Rate     1.30%
Minimum [Member] | PT Freeport Indonesia environmental and reclamation programs [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Current cash balance of reclamation fund 100    
Maximum [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Fair Value Assumptions, Risk Free Interest Rate     6.30%
Plains Exploration & Production Company [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Liabilities assumed in the acquisitions of PXP and MMR     $ 741
McMoRan Exploration Co [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Liabilities assumed in the acquisitions of PXP and MMR     $ 287
Freeport-McMoRan Oil & Gas [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Liabilities incurred 79    
Long-term portion $ 1,100    
Productive Oil Wells, Number of Wells, Gross 6,400    
Asset Retirement Obligations, Number of Platforms 180    
Guarantees [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Financial Assurance Obligations $ 617    
Guarantees [Member] | Freeport-McMoRan Oil & Gas [Member]      
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]      
Financial Assurance Obligations $ 1,500    
[1] The fair value of AROs assumed in the acquisitions of PXP and MMR ($741 million and $287 million, respectively) were estimated based on projected cash flows, an estimated long-term annual inflation rate of 2.5 percent and discount rates based on FCX's estimated credit-adjusted, risk-free interest rates ranging from 1.3 percent to 6.3 percent.
[2] Primarily reflects updates to the closure approach to reclaim an overburden stockpile in Indonesia.