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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of diluted earnings per share
Reconciliations of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net income (loss) per share for the years ended December 31 follow:
 
2018
 
2017
 
2016
 
Net income (loss) from continuing operations
$
2,909

 
$
2,029

 
$
(3,832
)
 
Net income from continuing operations attributable to noncontrolling interests
(292
)
 
(274
)
 
(227
)
 
Gain on redemption and preferred dividends attributable to redeemable noncontrolling interest
—

 
—

 
161

 
Accumulated dividends and undistributed earnings allocated to participating securities
(4
)
 
(4
)
 
(3
)
 
Net income (loss) from continuing operations attributable to common stockholders
2,613

 
1,751

 
(3,901
)
 
 
 
 
 
 
 
 
Net (loss) income from discontinued operations
(15
)
 
66

 
(193
)
 
Net income from discontinued operations attributable to noncontrolling interests
—

 
(4
)
 
(63
)
 
Net (loss) income from discontinued operations attributable to common stockholders
(15
)
 
62

 
(256
)
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
$
2,598

 
$
1,813

 
$
(4,157
)
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding (millions)
1,449

 
1,447

 
1,318

 
Add shares issuable upon exercise or vesting of dilutive stock options and RSUs (millions)
9

a 
7

 
—

a 
Diluted weighted-average shares of common stock outstanding (millions)
1,458

 
1,454

 
1,318

 
 
 
 
 
 
 
 
Basic net income (loss) per share attributable to common stockholders:
 
 
 
 
 
 
Continuing operations
$
1.80

 
$
1.21

 
$
(2.96
)
 
Discontinued operations
(0.01
)
 
0.04

 
(0.20
)
 
 
$
1.79

 
$
1.25

 
$
(3.16
)
 
 
 
 
 
 
 
 
Diluted net income (loss) per share attributable to common stockholders:
 
 
 
 
 
 
Continuing operations
$
1.79

 
$
1.21

 
$
(2.96
)
 
Discontinued operations
(0.01
)
 
0.04

 
(0.20
)
 
 
$
1.78

 
$
1.25

 
$
(3.16
)
 

a.
Excludes approximately 1 million in 2018 and 12 million in 2016 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.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The impact of adopting this ASU for the years ended December 31 follows:
 
 
2017
 
 
Previously Reported
 
Impact of Adoption
 
After Adoptiona
Accrued income taxes and changes in other tax payments included in cash flow from operating activities
 
$
473

 
$
(16
)
 
$
457

Net cash provided by operating activities
 
4,682

 
(16
)
 
4,666

Other, net included in cash flow from investing activities
 
(25
)
 
42

 
17

Net cash used in investing activities
 
(1,363
)
 
42

 
(1,321
)
Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents
 
264

 
26

 
290

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year
 
4,245

 
158

 
4,403

Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
 
4,447

 
184

 
4,631

 
 
2016
 
 
Previously Reported
 
Impact of Adoption
 
After Adoptiona
Other, net included in cash flow from operating activities
 
$
48

 
$
8

 
$
56

Net cash provided by operating activities
 
3,729

 
8

 
3,737

Other, net included in cash flow from investing activities
 
8

 
3

 
11

Net cash provided by investing activities
 
3,550

 
3

 
3,553

Net increase in cash, cash equivalents, restricted cash and restricted cash equivalents
 
4,113

 
11

 
4,124

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year
 
177

 
147

 
324

Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period
 
4,245

 
158

 
4,403

a.
Excludes the reclassification of assets held for sale and other adjustments to conform with the current year presentation.
The impact of adopting this ASU for the years ended December 31 follows:
 
 
2017
 
 
Previously Reported
 
Impact of Adoption
 
Current Presentation
Production and delivery
 
$
10,308

a 
$
(42
)
 
$
10,266

Total cost of sales
 
12,022

 
(42
)
 
11,980

Selling, general and administrative expenses
 
484

 
(7
)
 
477

Mining exploration and research expenses
 
94

 
(1
)
 
93

Environmental obligations and shutdown costs
 
251

 
(7
)
 
244

Total costs and expenses
 
12,770

 
(57
)
 
12,713

Operating income
 
3,633

 
57

 
3,690

Other income (expense), net
 
49

 
(57
)
 
(8
)
 
 
2016
 
 
Previously Reported
 
Impact of Adoption
 
Current Presentation
Production and delivery
 
$
10,733

a 
$
(46
)
 
$
10,687

Total cost of sales
 
17,580

 
(46
)
 
17,534

Selling, general and administrative expenses
 
607

 
(10
)
 
597

Mining exploration and research expenses
 
64

 
(1
)
 
63

Environmental obligations and shutdown costs
 
20

 
(6
)
 
14

Total costs and expenses
 
17,622

 
(63
)
 
17,559

Operating loss
 
(2,792
)
 
63

 
(2,729
)
Other income (expense), net
 
49

 
(63
)
 
(14
)
a.
Includes $8 million for metals inventory adjustments in 2017 and $36 million in 2016.