XML 165 R124.htm IDEA: XBRL DOCUMENT v3.10.0.1
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Footnotes) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended 12 Months Ended 24 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Sep. 30, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery                   $ (11,691) $ (10,266) $ (10,687)  
Interest expense, net                   (945) (801) (755)  
Provision for (benefit from) income taxes                   991 883 371  
Net income from continuing operations attributable to noncontrolling interests                   (292) (274) (227)  
Payroll withholding taxes $ 72                 72     $ 72
Metals inventory adjustments     $ 12             4 8 36  
Environmental obligations and shutdown costs                   57      
Net gain on sales of assets 82 $ 70 45 $ 11 $ 15 $ 33 $ 10 $ 23   $ 208 $ 81 649  
Net gains on sales of assets (usd per share)                   $ 0.14 $ 0.06    
Income Tax Credits and Adjustments, Net of Noncontrolling Interest                   $ 574      
Income Tax Credits and Adjustments, Net of Noncontrolling Interests, Per Share                   $ 0.39      
Earnings per share attributable to common stockholders related to Tax Reform (usd per share)                     $ 0.30    
Change in PT-FI tax rates                   $ 504 $ 0 0  
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit)                   (123) (393) 0  
Operating income (loss) 316 $ 1,315 $ 1,664 $ 1,459 1,479 928 686 597   $ 4,754 3,690 (2,729)  
Freeport Cobalt                          
Schedule of Quarterly Financial Information [Line Items]                          
Continuing operations (in dollars per share)                   $ 0.02      
Net income from continuing operations attributable to noncontrolling interests                   $ (30)      
Operating income (loss)                   50      
PT Freeport Indonesia [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Metals inventory adjustments 43                        
Cerro Verde Royalty Dispute | Royalty Assessments | Cerro Verde                          
Schedule of Quarterly Financial Information [Line Items]                          
Loss contingency, loss In period, attributable to parent                   $ (195) $ (186)   (381)
Continuing operations (in dollars per share)                   $ (0.13) $ 0.13    
Production and delivery                   $ (14) $ (203)   (217)
Interest expense, net                   (370) (145)   (515)
Other expense                   (22) 0   (22)
Provision for (benefit from) income taxes                   (35) 7   (28)
Net income from continuing operations attributable to noncontrolling interests                   176 $ 169   $ 345
One-time Termination Benefits | Grasberg Segment [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Continuing operations (in dollars per share)                     $ 0.04    
Net income from continuing operations attributable to noncontrolling interests                     $ 66    
Operating income (loss)                     (125)    
One-time Termination Benefits | Grasberg Segment [Member] | Operating Income (Loss)                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery         8 9 87 21          
Minimum Tax Credit Carryforwards [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Income Tax Credits and Adjustments                   632      
Federal Income Tax Expense (Benefit), Continuing Operations                   76 $ 438    
MOEF Framework                          
Schedule of Quarterly Financial Information [Line Items]                          
Permit Fees                   $ 32      
Site Remediation, Reclamation and Closure Costs                          
Schedule of Quarterly Financial Information [Line Items]                          
Continuing operations (in dollars per share)                   $ 0.04 $ 0.14    
Environmental obligations and shutdown costs         $ 157 $ 64 $ (30) $ 19     $ 210    
Indonesia                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery (62)                        
Operating Segments | South America                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery                   $ (2,365) (2,244) (1,758)  
Interest expense, net                   (429) (212) (82)  
Provision for (benefit from) income taxes                   268 446 216  
Net gain on sales of assets                   0 0 0  
Operating income (loss)                   735 916 618  
Operating Segments | South America | Cerro Verde                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery                   (1,887) (1,878) (1,351)  
Interest expense, net                   (429) (212) (82)  
Provision for (benefit from) income taxes                   253 436 222  
Net gain on sales of assets                   0 0 0  
Operating income (loss)                   709 868 626  
Operating Segments | South America | Cerro Verde Royalty Dispute | Cerro Verde                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery                   (14)      
Interest expense, net                   (370)      
Other expense                   (22)      
Operating Segments | Indonesia | Grasberg Segment [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Loss contingency, loss In period, attributable to parent                   $ (110)      
Continuing operations (in dollars per share)                   $ 0.08      
Production and delivery                   $ (1,864) (1,735) (1,775)  
Interest expense, net                   (1) (4) 0  
Provision for (benefit from) income taxes                   755 869 442  
Loss Contingency, Loss in Period                   223      
Net gain on sales of assets                   0 0 0  
Operating income (loss)                   2,966 2,028 1,048  
Operating Segments | Indonesia | One-time Termination Benefits | Grasberg Segment [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery                     (120)    
Corporate And Eliminations [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Production and delivery                   3,290 3,118 1,517  
Interest expense, net                   (486) (563) (654)  
Provision for (benefit from) income taxes                   (33) (437) (296)  
Net gain on sales of assets                   208 81 73  
Operating income (loss)                   (226) $ (633) $ (5,890)  
Corporate And Eliminations [Member] | Freeport Cobalt                          
Schedule of Quarterly Financial Information [Line Items]                          
Net gain on sales of assets                   97      
Depreciation Expense on Reclassified Assets $ (48)                 (31)      
Tax Authority, In Papau, Indonesia                          
Schedule of Quarterly Financial Information [Line Items]                          
Change in PT-FI tax rates                   504      
Tax Authority, In Papau, Indonesia | Penalties | PT Freeport Indonesia [Member]                          
Schedule of Quarterly Financial Information [Line Items]                          
Loss Contingency, Offer to Other Party                   $ 69      
Cerro Verde Collective Labor Agreement [Member] | Operating Segments | South America | Cerro Verde                          
Schedule of Quarterly Financial Information [Line Items]                          
Continuing operations (in dollars per share)                   $ (0.02)      
Production and delivery                 $ 69 $ 69      
Cost of Goods Sold, Excluding Depreciation, Depletion and Amortization, Net of Noncontrolling Interest                   $ 22