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Guarantor Financial Statements (Unaudited) Condensed Consolidating Balance Sheets (Details) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Sep. 30, 2015
ASSETS      
Current Assets, other than assets held for sale $ 6,842 $ 6,718  
Current assets held for sale 4,663 744 $ 4,868
Property, plant, equipment and mining development costs, net 23,415 24,246  
Oil and gas properties, net - full cost method      
Subject to amortization, less accumulated amortization and impairment 979 2,262  
Not subject to amortization 1,644 4,831  
Investments in consolidated subsidiaries 0 0  
Other assets 3,857 3,652  
Assets held for sale 0 4,124  
Total assets 41,400 [1] 46,577 $ 50,383 [1]
LIABILITIES AND EQUITY      
Current Liabilities, other than liabilities held for sale 3,667 4,199  
Current liabilities held for sale 821 108  
Long-term debt, less current portion 18,180 19,779  
Deferred income taxes 3,549 3,607  
Environmental and asset retirement obligations, less current portion 3,725 3,717  
Investments in consolidated subsidiaries 0 0  
Other liabilities 1,618 1,641  
Liabilities held for sale 0 718  
Total liabilities 31,560 33,769  
Redeemable noncontrolling interest 774 764  
Equity:      
Stockholders' equity 4,732 7,828  
Noncontrolling interests 4,334 4,216  
Total equity 9,066 12,044  
Total liabilities and equity 41,400 46,577  
FCX Issuer [Member]      
ASSETS      
Current Assets, other than assets held for sale 320 181  
Current assets held for sale 0 0  
Property, plant, equipment and mining development costs, net 22 26  
Oil and gas properties, net - full cost method      
Subject to amortization, less accumulated amortization and impairment 0 0  
Not subject to amortization 0 0  
Investments in consolidated subsidiaries 20,511 24,311  
Other assets 891 5,038  
Assets held for sale   0  
Total assets 21,744 29,556  
LIABILITIES AND EQUITY      
Current Liabilities, other than liabilities held for sale 2,697 6,012  
Current liabilities held for sale 0 0  
Long-term debt, less current portion 13,426 14,735  
Deferred income taxes [2] 845 941  
Environmental and asset retirement obligations, less current portion 0 0  
Investments in consolidated subsidiaries 0 0  
Other liabilities 44 40  
Liabilities held for sale   0  
Total liabilities 17,012 21,728  
Redeemable noncontrolling interest 0 0  
Equity:      
Stockholders' equity 4,732 7,828  
Noncontrolling interests 0 0  
Total equity 4,732 7,828  
Total liabilities and equity 21,744 29,556  
FM O&G LLC Guarantor [Member]      
ASSETS      
Current Assets, other than assets held for sale 2,463 3,831  
Current assets held for sale 0 0  
Property, plant, equipment and mining development costs, net 52 57  
Oil and gas properties, net - full cost method      
Subject to amortization, less accumulated amortization and impairment 266 710  
Not subject to amortization 406 1,393  
Investments in consolidated subsidiaries 0 0  
Other assets 41 1,826  
Assets held for sale   0  
Total assets 3,228 7,817  
LIABILITIES AND EQUITY      
Current Liabilities, other than liabilities held for sale 340 666  
Current liabilities held for sale 0 0  
Long-term debt, less current portion 7,624 5,883  
Deferred income taxes 0 0  
Environmental and asset retirement obligations, less current portion 352 305  
Investments in consolidated subsidiaries 828 0  
Other liabilities 3,351 3,360  
Liabilities held for sale   0  
Total liabilities 12,495 10,214  
Redeemable noncontrolling interest 0 0  
Equity:      
Stockholders' equity (9,267) (2,397)  
Noncontrolling interests 0 0  
Total equity (9,267) (2,397)  
Total liabilities and equity 3,228 7,817  
Non-Guarantor Subsidiaries [Member]      
ASSETS      
Current Assets, other than assets held for sale 7,914 10,238  
Current assets held for sale 4,663 744  
Property, plant, equipment and mining development costs, net 23,339 24,163  
Oil and gas properties, net - full cost method      
Subject to amortization, less accumulated amortization and impairment 712 1,552  
Not subject to amortization 1,237 3,432  
Investments in consolidated subsidiaries 0 0  
Other assets 3,776 3,586  
Assets held for sale   4,124  
Total assets 41,641 47,839  
LIABILITIES AND EQUITY      
Current Liabilities, other than liabilities held for sale 4,483 5,047  
Current liabilities held for sale 821 108  
Long-term debt, less current portion 11,642 11,594  
Deferred income taxes 2,704 2,666  
Environmental and asset retirement obligations, less current portion 3,373 3,412  
Investments in consolidated subsidiaries 9,267 2,397  
Other liabilities 1,710 1,732  
Liabilities held for sale   718  
Total liabilities 34,000 27,674  
Redeemable noncontrolling interest 774 764  
Equity:      
Stockholders' equity 3,108 15,725  
Noncontrolling interests 3,759 3,676  
Total equity 6,867 19,401  
Total liabilities and equity 41,641 47,839  
Consolidation, Eliminations [Member]      
ASSETS      
Current Assets, other than assets held for sale (3,855) (7,532)  
Current assets held for sale 0 0  
Property, plant, equipment and mining development costs, net 2 0  
Oil and gas properties, net - full cost method      
Subject to amortization, less accumulated amortization and impairment 1 0  
Not subject to amortization 1 6  
Investments in consolidated subsidiaries (20,511) (24,311)  
Other assets (851) (6,798)  
Assets held for sale   0  
Total assets (25,213) (38,635)  
LIABILITIES AND EQUITY      
Current Liabilities, other than liabilities held for sale (3,853) (7,526)  
Current liabilities held for sale 0 0  
Long-term debt, less current portion (14,512) (12,433)  
Deferred income taxes 0 0  
Environmental and asset retirement obligations, less current portion 0 0  
Investments in consolidated subsidiaries (10,095) (2,397)  
Other liabilities (3,487) (3,491)  
Liabilities held for sale   0  
Total liabilities (31,947) (25,847)  
Redeemable noncontrolling interest 0 0  
Equity:      
Stockholders' equity 6,159 (13,328)  
Noncontrolling interests 575 540  
Total equity 6,734 (12,788)  
Total liabilities and equity $ (25,213) $ (38,635)  
[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] All U.S. related deferred income taxes are recorded at the parent company.