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Business Segments (Unaudited) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
May 31, 2016
Sep. 30, 2016
Sep. 30, 2015
Jun. 30, 2016
Sep. 30, 2016
Sep. 30, 2015
May 30, 2016
Dec. 31, 2015
Revenues:                
Unaffiliated customers   $ 3,877 $ 3,382   $ 10,453 $ 11,091    
Intersegment   0 0   0 0    
Production and delivery   2,509 2,595   7,957 7,862    
Depreciation, depletion and amortization   643 823   1,937 2,522    
Impairment of oil and gas properties   239 3,652   4,317 9,442    
Metals inventory adjustments   20 91   27 154    
Selling, general and administrative expenses   110 122   408 421    
Mining exploration and research expenses   13 26   46 83    
Environmental obligations and shutdown (credits) costs   (3) 37   18 61    
Net gain on sales of assets   (13) 0   (762) (39)    
Operating income (loss)   359 (3,964)   (3,495) (9,415)    
Interest expense, net   187 157   574 438    
Provision for (benefit from) income taxes   (114) (349)   79 (1,762)    
Total Assets   41,400 [1] 50,383 [1]   41,400 [1] 50,383 [1]   $ 46,577
Capital expenditures   494 1,527   2,309 5,055    
Assets held for sale   4,663 4,868   4,663 4,868   $ 744
Mining Operations [Member]                
Revenues:                
Unaffiliated customers   3,450 2,856   9,321 9,496    
Intersegment   0 0   0 0    
Production and delivery   2,256 2,300   6,395 6,998    
Depreciation, depletion and amortization   416 369   1,230 1,046    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   20 91   27 154    
Selling, general and administrative expenses   35 35   92 110    
Mining exploration and research expenses   13 26   46 83    
Environmental obligations and shutdown (credits) costs   (3) 36   17 60    
Net gain on sales of assets   1     (748) (39)    
Operating income (loss)   712 (1)   2,262 1,084    
Interest expense, net   46 23   137 69    
Provision for (benefit from) income taxes   190 23   326 177    
Total Assets   36,867 38,200   36,867 38,200    
Capital expenditures   333 845   1,233 2,534    
North America Copper Mines [Member]                
Revenues:                
Unaffiliated customers   227 223   567 716    
Intersegment   857 946   2,713 3,193    
Production and delivery   733 973   2,247 2,867    
Depreciation, depletion and amortization   129 136   407 408    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   6 55   6 66    
Selling, general and administrative expenses   1 1   4 4    
Mining exploration and research expenses   1 1   2 6    
Environmental obligations and shutdown (credits) costs   0 3   0 3    
Net gain on sales of assets   1     (576) (39)    
Operating income (loss)   213 0   1,190 594    
Interest expense, net   1 1   3 3    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   7,421 8,879   7,421 8,879    
Capital expenditures   11 94   87 308    
Morenci [Member]                
Revenues:                
Unaffiliated customers   115 165   356 451    
Intersegment   358 332   1,119 1,209    
Production and delivery   275 357   913 1,117    
Depreciation, depletion and amortization   51 51   170 157    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   1 1   2 2    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   1     (576) 0    
Operating income (loss)   145 88   966 384    
Interest expense, net   1 1   2 2    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   2,881 3,720   2,881 3,720    
Capital expenditures   6 61   71 224    
Other North America Copper Mines [Member]                
Revenues:                
Unaffiliated customers   112 58   211 265    
Intersegment   499 614   1,594 1,984    
Production and delivery   458 616 [2]   1,334 1,750 [3]    
Depreciation, depletion and amortization   78 85   237 251    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   6 55   6 66    
Selling, general and administrative expenses   0 0   2 2    
Mining exploration and research expenses   1 1   2 6    
Environmental obligations and shutdown (credits) costs   0 3   0 3    
Net gain on sales of assets   0     0 (39)    
Operating income (loss)   68 (88)   224 210    
Interest expense, net   0 0   1 1    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   4,540 5,159   4,540 5,159    
Capital expenditures   5 33   16 84    
Restructuring Costs and Asset Impairment Charges     (75)     (75)    
South America Mines [Member]                
Revenues:                
Unaffiliated customers   617 425   1,864 1,320    
Intersegment   54 13   155 57    
Production and delivery   424 344   1,240 1,004    
Depreciation, depletion and amortization   134 89   402 236    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   2 1   6 3    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   111 4   371 134    
Interest expense, net   21 0   63 1    
Provision for (benefit from) income taxes   32 2   114 32    
Total Assets   10,690 10,979   10,690 10,979    
Capital expenditures   39 437   332 1,339    
Cerro Verde [Member]                
Revenues:                
Unaffiliated customers   505 238   1,485 681    
Intersegment   54 13   155 64    
Production and delivery   333 177   927 540    
Depreciation, depletion and amortization   109 57   319 134    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   1 1   5 2    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   116 16   389 69    
Interest expense, net   21 0   63 1    
Provision for (benefit from) income taxes   36 0   126 0    
Total Assets   9,139 9,136   9,139 9,136    
Capital expenditures   38 421   329 1,296    
Other South America Mines [Member]                
Revenues:                
Unaffiliated customers   112 187   379 639    
Intersegment   0 0   0 (7) [4]    
Production and delivery   91 167 [2]   313 464 [3]    
Depreciation, depletion and amortization   25 32   83 102    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   1 0   1 1    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   (5) (12)   (18) 65    
Interest expense, net   0 0   0 0    
Provision for (benefit from) income taxes   (4) 2   (12) 32    
Total Assets   1,551 1,843   1,551 1,843    
Capital expenditures   1 16   3 43    
Restructuring Costs     11     11    
Indonesia - Grasberg [Member]                
Revenues:                
Unaffiliated customers   984 [5] 557 [5]   2,014 [6] 1,969 [6]    
Intersegment   2 52   59 37    
Production and delivery   478 [2] 417   1,228 [3] 1,311    
Depreciation, depletion and amortization   110 90   284 238    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   24 24   60 74    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   374 78   501 383    
Interest expense, net   0 0   0 0    
Provision for (benefit from) income taxes   158 21   212 145    
Total Assets   9,830 8,965   9,830 8,965    
Capital expenditures   256 222   715 660    
Increase (Decrease) in Asset Retirement Obligations   (17)     (17)      
Molybdenum mines [Member]                
Revenues:                
Unaffiliated customers   0 0   0 0    
Intersegment   46 83   136 298    
Production and delivery   51 83 [2]   147 247 [3]    
Depreciation, depletion and amortization   15 26   51 77    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   6 3   12 6    
Selling, general and administrative expenses   0 0   0 0    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   (26) (29)   (74) (32)    
Interest expense, net   0 0   0 0    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   1,953 2,017   1,953 2,017    
Capital expenditures   1 3   2 10    
Restructuring Costs     2     2    
Rod & Refining [Member]                
Revenues:                
Unaffiliated customers   930 946   2,820 3,097    
Intersegment   7 5   22 20    
Production and delivery   931 946   2,820 3,097    
Depreciation, depletion and amortization   2 2   7 7    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   0 0   0 0    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   4 3   15 13    
Interest expense, net   0 0   0 0    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   238 235   238 235    
Capital expenditures   0 1   1 2    
Atlantic Copper Smelting & Refining [Member]                
Revenues:                
Unaffiliated customers   445 438   1,360 1,473    
Intersegment   0 1   3 12    
Production and delivery   416 410   1,275 1,397    
Depreciation, depletion and amortization   7 10   22 29    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   5 4   13 13    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   0     0 0    
Operating income (loss)   17 15   53 46    
Interest expense, net   3 3   11 8    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   565 699   565 699    
Capital expenditures   5 10   12 18    
Other Mining & Eliminations [Member]                
Revenues:                
Unaffiliated customers   247 [7] 267 [7]   696 [8] 921 [8]    
Intersegment   (966) (1,100)   (3,088) (3,617)    
Production and delivery   (777) (873) [2]   (2,562) (2,925) [3]    
Depreciation, depletion and amortization   19 16   57 51    
Impairment of oil and gas properties   0 0   0 0    
Metals inventory adjustments   8 33   9 82    
Selling, general and administrative expenses   3 5   9 16    
Mining exploration and research expenses   12 25   44 77    
Environmental obligations and shutdown (credits) costs   (3) 33   17 57    
Net gain on sales of assets   0     (172) 0    
Operating income (loss)   19 (72)   206 (54)    
Interest expense, net   21 19   60 57    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets [1]   6,170 6,426   6,170 6,426    
Capital expenditures   21 [1] 78 [1]   84 [9] 197 [9]    
Restructuring Costs     2     2    
U.S. Oil & Gas Operations [Member]                
Revenues:                
Unaffiliated customers   427 525 [10]   1,132 1,594 [11]    
Intersegment   0 0   0 0    
Production and delivery   231 [12] 293 [12]   1,527 [13] 857 [13]    
Depreciation, depletion and amortization   223 450   696 1,465    
Impairment of oil and gas properties   238 3,480   4,299 9,270    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   31 37   161 [14] 140    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 0   0 0    
Net gain on sales of assets   (7)     (7) 0    
Operating income (loss)   (289) (3,735)   (5,544) (10,138)    
Interest expense, net   102 51   266 129    
Provision for (benefit from) income taxes   0 0   0 0    
Total Assets   3,462 11,911   3,462 11,911    
Capital expenditures   160 635 [15]   1,028 [16] 2,430 [16]    
Oil and Gas Drillship settlement/Idle rig costs and inventory write downs   50 21   942 59    
Restructuring Costs         38      
Corporate, Other & Eliminations [Member]                
Revenues:                
Unaffiliated customers   0 1   0 1    
Intersegment   0 0   0 0    
Production and delivery   22 [12] 2 [2]   35 [13] 7 [3]    
Depreciation, depletion and amortization   4 4   11 11    
Impairment of oil and gas properties   1 172 [17]   18 [18] 172 [18]    
Metals inventory adjustments   0 0   0 0    
Selling, general and administrative expenses   44 50   155 171    
Mining exploration and research expenses   0 0   0 0    
Environmental obligations and shutdown (credits) costs   0 1   1 1    
Net gain on sales of assets   (7)     (7) 0    
Operating income (loss)   (64) (228)   (213) (361)    
Interest expense, net   39 83   171 240    
Provision for (benefit from) income taxes   (304) (372)   (247) (1,939)    
Total Assets   1,071 272   1,071 272    
Capital expenditures   $ 1 47   $ 48 91    
Restructuring Costs     2     2    
Crude oil and natural gas swaps [Member]                
Revenues:                
Net mark-to-market gains on derivative contracts     29     87    
Pt Smelting [Member]                
Segment Reporting Information [Line Items]                
Deferred Intercompany Profit, Percentage         25.00%      
Equity Method Investment, Ownership Percentage   25.00%     25.00%      
Revenues:                
Revenues   $ 348 61   $ 912 704    
Morocco | Corporate, Other & Eliminations [Member]                
Revenues:                
Capital expenditures [17]     37   47 81    
Discontinued Operations, Held-for-sale [Member] | Other Mining & Eliminations [Member]                
Revenues:                
Capital expenditures [17]   $ 15 $ 69   $ 70 $ 166    
Morenci [Member]                
Segment Reporting Information [Line Items]                
Change in Ownership, Percentage       13.00%        
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Morenci [Member]                
Segment Reporting Information [Line Items]                
Change in Ownership, Percentage 13.00%              
Percentage Of Undivided Interest Owned By Company   72.00%     72.00%   85.00%  
[1] Includes (i) assets held for sale totaling $4.7 billion at September 30, 2016, and $4.9 billion at September 30, 2015, and (ii) capital expenditures totaling $15 million in third-quarter 2016 and $69 million in third-quarter 2015 associated with discontinued operations. Refer to Note 2 for a summary of the results of discontinued operations.
[2] Third-quarter 2016 includes asset retirement charges of $17 million at Indonesia mining. Third-quarter 2015 includes asset impairment and restructuring charges totaling $75 million at other North America copper mines, and restructuring charges totaling $11 million at other South America copper mines, $2 million at Molybdenum mines, $2 million at Other Mining & Eliminations and $2 million at Corporate, Other & Eliminations.
[3] The first nine months of 2016 include asset retirement charges of $17 million at Indonesia mining. The first nine months of 2015 includes asset impairment and restructuring charges totaling $75 million at other North America copper mines, and restructuring charges totaling $11 million at other South America copper mines, $2 million at Molybdenum mines, $2 million at Other Mining & Eliminations and $2 million at Corporate, Other & Eliminations.
[4] Reflects net reductions for provisional pricing adjustments to prior period open sales. There were no intersegment sales from El Abra for the first nine months of 2015.
[5] Includes PT-FI’s sales to PT Smelting totaling $348 million in third-quarter 2016 and $61 million in third-quarter 2015.
[6] Includes PT-FI's sales to PT Smelting totaling $912 million for the first nine months of 2016 and $704 million for the first nine months of 2015.
[7] Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.
[8] Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North and South America copper mines.
[9] Includes capital expenditures of $70 million for the first nine months of 2016 and $166 million for the first nine months of 2015 associated with discontinued operations. Refer to Note 2 for a summary of the results of discontinued operations.
[10] Includes net mark-to-market gains of $29 million associated with crude oil derivative contracts.
[11] Includes net mark-to-market gains of $87 million associated with crude oil derivative contracts.
[12] Includes net charges for oil and gas operations totaling $50 million in third-quarter 2016 and $21 million in third-quarter 2015, primarily for idle rig costs, inventory adjustments, asset impairments and other net charges.
[13] Includes charges for oil and gas operations totaling $942 million for the first nine months of 2016 and $59 million for the first nine months of 2015, primarily for drillship settlement/idle rig costs, inventory adjustments, asset impairments and other net charges.
[14] Includes $38 million for net restructuring-related charges.
[15] Excludes international oil and gas capital expenditures totaling $37 million, primarily related to the Morocco oil and gas properties, which are included in Corporate, Other & Eliminations.
[16] Excludes international oil and gas capital expenditures totaling $47 million for the first nine months of 2016 and $81 million for the first nine months of 2015, primarily related to the Morocco oil and gas properties, which are included in Corporate, Other & Eliminations.
[17] Reflects impairment charges for international oil and gas properties primarily in Morocco.
[18] Reflects impairment charges for international oil and gas properties primarily in Morocco.