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FINANCIAL INSTRUMENTS (Unrealized gains losses) (Details)
oz in Thousands, lb in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
lb
oz
$ / lb
$ / lb
$ / oz
Dec. 31, 2016
USD ($)
$ / lb
$ / lb
$ / oz
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Commodity Contract [Member]        
Unrealized gains (losses):        
Derivative financial instruments   $ 16 $ (3) $ (12)
Hedged item – firm sales commitments   (16) 3 12
Realized gains (losses):        
Matured derivative financial instruments   $ 1 (34) (9)
Commodity Contract [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | lb 42      
Derivative, Average Forward Price | $ / lb 2.35 2.35    
Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Amounts recorded in Sales [Member]        
Realized gains (losses):        
Matured derivative financial instruments   $ 266 (406) (280)
Crude Oil Options [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Freeport-McMoRan Oil & Gas | Amounts recorded in Sales [Member]        
Realized gains (losses):        
Matured derivative financial instruments   (35) 87 513
Natural Gas Swaps [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Freeport-McMoRan Oil & Gas | Amounts recorded in Sales [Member]        
Realized gains (losses):        
Matured derivative financial instruments   $ 0 0 (8)
Copper Forward Contracts [Member] | Derivatives Not Designated as Hedging Instruments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | lb 3      
Derivative, Average Forward Price | $ / lb 2.57 2.57    
Copper Forward Contracts [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Amounts recorded in Cost of Sales        
Realized gains (losses):        
Matured derivative financial instruments   $ 5 $ (15) $ (4)
Copper | Short [Member] | Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | lb 698      
Derivative, Average Forward Price | $ / lb 2.36 2.36    
Realized gains (losses):        
Derivative Average Market Price | $ / lb 2.51 2.51    
Copper | Long [Member] | Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | lb 140      
Derivative, Average Forward Price | $ / lb 2.37 2.37    
Realized gains (losses):        
Derivative Average Market Price | $ / lb 2.51 2.51    
Gold | Short [Member] | Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | oz 207      
Derivative, Average Forward Price | $ / oz 1,195 1,195    
Realized gains (losses):        
Derivative Average Market Price | $ / oz 1,161 1,161