XML 146 R105.htm IDEA: XBRL DOCUMENT v3.8.0.1
FINANCIAL INSTRUMENTS (Unrealized gains losses) (Details)
oz in Thousands, lb in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
lb
oz
$ / lb
$ / lb
$ / oz
Dec. 31, 2017
USD ($)
$ / lb
$ / lb
$ / oz
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Commodity Contract [Member]        
Unrealized gains (losses):        
Derivative financial instruments | $   $ 4 $ 16 $ (3)
Hedged item – firm sales commitments | $   (4) (16) 3
Realized gains (losses):        
Matured derivative financial instruments | $   $ 30 1 (34)
Commodity Contract [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | lb 41      
Derivative, Average Forward Price 3.02 3.02    
Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Amounts recorded in Sales [Member]        
Realized gains (losses):        
Matured derivative financial instruments | $   $ 515 266 (406)
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 | $   $ 0 (35) 87
Copper Forward Contracts [Member] | Derivatives Not Designated as Hedging Instruments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative, Nonmonetary Notional Amount, Mass | lb 4      
Derivative, Average Forward Price 3.11 3.11    
Copper Forward Contracts [Member] | Derivatives Not Designated as Hedging Instruments [Member] | Amounts recorded in Cost of Sales        
Realized gains (losses):        
Matured derivative financial instruments | $   $ (15) $ 5 $ (15)
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 642      
Derivative, Average Forward Price 3.06 3.06    
Realized gains (losses):        
Derivative Average Market Price 3.28 3.28    
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 120      
Derivative, Average Forward Price 3.02 3.02    
Realized gains (losses):        
Derivative Average Market Price 3.28 3.28    
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 318      
Derivative, Average Forward Price | $ / oz 1,269 1,269    
Realized gains (losses):        
Derivative Average Market Price | $ / oz 1,300 1,300    
Cobalt | 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 6      
Derivative, Average Forward Price 22.97 22.97    
Realized gains (losses):        
Derivative Average Market Price 26.81 26.81