XML 51 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Debt (Details)
$ / shares in Units, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 26, 2018
$ / shares
Apr. 04, 2018
USD ($)
Apr. 30, 2018
USD ($)
Sep. 30, 2018
USD ($)
$ / shares
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Sep. 30, 2017
USD ($)
$ / shares
Jun. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
$ / shares
Sep. 30, 2017
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
Debt Instrument [Line Items]                      
Long-term Debt and Capital Lease Obligations, Including Current Maturities       $ 11,127         $ 11,127   $ 13,117
Current portion of debt       (4)         (4)   (1,414)
Long-term debt       11,123         11,123   11,703
Liabilities, Fair Value Adjustment                 60   97
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net       73         73   85
Revolving Credit Facility [Abstract]                      
Debt Instrument, Term     5 years                
Senior Notes Issued by FCX [Abstract]                      
Repayments of Debt                 2,410 $ 1,991  
Exchanges and Early Extinguishment of Debt [Abstract]                      
Net loss (gain) on exchanges and early extinguishment of debt       0     $ 11   8 8  
Interest expense, net       (143)     (304)   (436) (633)  
Interest Costs Incurred       $ 166     $ 196   $ 501 $ 583  
Dividends declared per share of common stock | $ / shares $ 0.05     $ 0.05     $ 0   $ 0.15 $ 0  
Long-term debt, less current portion       $ 11,123         $ 11,123   11,703
Property, Plant and Equipment [Member]                      
Exchanges and Early Extinguishment of Debt [Abstract]                      
Interest Costs Capitalized       24     $ 33   72 $ 91  
Line of Credit [Member] | Cerro Verde [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt and Capital Lease Obligations, Including Current Maturities       1,171         1,171   1,269
Line of Credit [Member] | Letter of Credit [Member]                      
Revolving Credit Facility [Abstract]                      
Long-term Line of Credit       13         13    
Revolving Credit Facility, Remaining Borrowing Capacity     $ 1,500 1,500         1,500    
Line of Credit [Member] | Revolving Credit Facility [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt       0         0    
Revolving Credit Facility [Abstract]                      
Revolving Credit Facility, Remaining Borrowing Capacity       3,500         3,500    
Line of Credit Facility, Maximum Borrowing Capacity     3,500                
Exchanges and Early Extinguishment of Debt [Abstract]                      
Amount of revolving credit facility available to subsidiary     $ 500                
Senior Notes [Member]                      
Debt Instrument [Line Items]                      
Extinguishment of Debt, Amount         $ 480            
Debt Instrument, Face Amount         454            
Debt Issuance Costs, Net         26            
Exchanges and Early Extinguishment of Debt [Abstract]                      
Extinguishment Of Debt, Redemption Value         470            
Net loss (gain) on exchanges and early extinguishment of debt         10         11  
Gains (losses) primarily associated with modification of credit facility               $ 3 2    
Repayments of Lines of Credit           $ 100          
Senior Notes [Member] | 2.375% Senior Notes due March 2018 [Member]                      
Senior Notes Issued by FCX [Abstract]                      
Repayments of Debt           $ 1,400          
Senior Notes [Member] | 6.75% Senior Notes due 2022 [Member]                      
Debt Instrument [Line Items]                      
Extinguishment of Debt, Amount         426            
Debt Instrument, Face Amount         404            
Debt Issuance Costs, Net         22            
Exchanges and Early Extinguishment of Debt [Abstract]                      
Extinguishment Of Debt, Redemption Value         418            
Net loss (gain) on exchanges and early extinguishment of debt         8            
Senior Notes [Member] | FCX [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt and Capital Lease Obligations, Including Current Maturities       9,594         9,594   11,429
Senior Notes [Member] | Freeport-McMoRan Oil & Gas                      
Debt Instrument [Line Items]                      
Long-term Debt and Capital Lease Obligations, Including Current Maturities       0         0   54
Exchanges and Early Extinguishment of Debt [Abstract]                      
Extinguishment Of Debt, Redemption Value   $ 454                  
Senior Notes [Member] | Freeport-McMoRan Oil & Gas | 6.875% Senior Notes due 2023 [Member]                      
Debt Instrument [Line Items]                      
Extinguishment of Debt, Amount         54            
Debt Instrument, Face Amount         50            
Debt Issuance Costs, Net         4            
Exchanges and Early Extinguishment of Debt [Abstract]                      
Extinguishment Of Debt, Redemption Value         52            
Net loss (gain) on exchanges and early extinguishment of debt         $ 2            
Debentures [Member] | Freeport McMoRan Corporation [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt and Capital Lease Obligations, Including Current Maturities       358         358   358
Other Debt, Including Capital Leases and Short Term Borrowings [Member]                      
Debt Instrument [Line Items]                      
Long-term Debt and Capital Lease Obligations, Including Current Maturities       4         4   $ 7
Maximum [Member]                      
Exchanges and Early Extinguishment of Debt [Abstract]                      
Debt Instrument, Covenant Compliance, Leverage Ratio     3.75                
Minimum [Member]                      
Exchanges and Early Extinguishment of Debt [Abstract]                      
DebtInstrumentCovenantComplianceCoverageRatio     2.25                
Operating Segments | South America                      
Exchanges and Early Extinguishment of Debt [Abstract]                      
Interest expense, net       (15)     (156)   (48) (187)  
Operating Segments | South America | Cerro Verde [Member]                      
Exchanges and Early Extinguishment of Debt [Abstract]                      
Interest expense, net       (15)     (156)   (48) $ (187)  
Operating Segments | Royalty Assessments [Member] | Cerro Verde Royalty Dispute [Member] | South America | Cerro Verde [Member]                      
Exchanges and Early Extinguishment of Debt [Abstract]                      
Interest expense, net       $ 1     $ 141   $ 7