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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Goodwill
A summary of changes in the carrying amount of goodwill follows:
Balance at January 1, 2014
$
1,916

Purchase accounting adjustments
22

Disposal of Eagle Ford shale assets (see Note 2)
(221
)
Impairment charge in 2014
(1,717
)
Balance at December 31, 2014
$
—
Schedule of diluted earnings per share
A reconciliation of net loss and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net (loss) income per share for the years ended December 31 follows:
 
2016
 
2015
 
2014
 
Net loss from continuing operations
$
(3,832
)
 
$
(12,180
)
 
$
(1,022
)
 
Net income from continuing operations attributable to noncontrolling interests
(227
)
 
(27
)
 
(358
)
 
Gain on redemption and preferred dividends attributable to redeemable noncontrolling interest
161

 
(41
)
 
(40
)
 
Accumulated dividends on participating securities
(3
)
 
(3
)
 
(3
)
 
Net loss from continuing operations attributable to common stockholders
$
(3,901
)
 
$
(12,251
)
 
$
(1,423
)
 
 
 
 
 
 
 
 
Net (loss) income from discontinued operations
(193
)
 
91

 
277

 
Net income from discontinued operations attributable to noncontrolling interests
(63
)
 
(79
)
 
(165
)
 
Net (loss) income from discontinued operations attributable to common stockholders
$
(256
)
 
$
12

 
$
112

 
 
 
 
 
 
 
 
Net loss attributable to common stockholders
$
(4,157
)
 
$
(12,239
)
 
$
(1,311
)
 
 
 
 
 
 
 
 
Basic and diluted weighted-average shares of common stock outstanding (millions)
1,318

a 
1,082

a 
1,039

a 
 
 
 
 
 
 
 
Basic and diluted net (loss) income per share attributable to common stockholders:
 
 
 
 
 
 
Continuing operations
$
(2.96
)
 
$
(11.32
)
 
$
(1.37
)
 
Discontinued operations
(0.20
)
 
0.01

 
0.11

 
 
$
(3.16
)
 
$
(11.31
)
 
$
(1.26
)
 
 
 
 
 
 
 
 

a.
Excludes approximately 12 million shares of common stock in 2016, 9 million in 2015 and 10 million in 2014 associated with outstanding stock options with exercise prices less than the average market price of FCX's common stock and RSUs that were anti-dilutive