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DISPOSITIONS AND ACQUISITIONS (TF Holdings Limited) (Details)
$ in Millions
12 Months Ended
Nov. 16, 2016
USD ($)
$ / lb
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Nov. 15, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Other assets   $ 2,270 $ 1,956    
Net gain on sales of assets   $ (81) (649) $ (39)  
Freeport Cobalt          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Ownership percentage   56.00%      
Kisanfu Exploration Project          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Ownership percentage   100.00%      
Disposed of by Sale, Discontinued Operations | TF Holdings Limited          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Revenues   $ 13 959 1,270  
Proceeds from divestiture, net $ 2,650        
Contingent receivable 120        
Discontinued Operation, Change in Contingent Receivable   61 13    
Other assets   74 13    
Loss on disposal     33    
TF Holdings Limited          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Ownership percentage         70.00%
Tenke Fungurume mine | TF Holdings Limited          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Ownership percentage         80.00%
Copper | Disposed of by Sale, Discontinued Operations | TF Holdings Limited          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Contingent receivable $ 60        
Contingent consideration, reference threshold, price per barrel (in us dollars per pound) | $ / lb 3.50        
Cobalt | Disposed of by Sale, Discontinued Operations | TF Holdings Limited          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Contingent receivable $ 60        
Contingent consideration, reference threshold, price per barrel (in us dollars per pound) | $ / lb 20        
Eliminations | Disposed of by Sale, Discontinued Operations | TF Holdings Limited          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Revenues   $ (13) $ 157 $ 114