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INCOME TAXES (Narrative) (Details) - USD ($)
3 Months Ended 12 Months Ended
Jan. 01, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Schedule Of Income Taxes [Line Items]              
Total income taxes paid to all jurisdictions       $ 2,000,000,000 $ 702,000,000 $ 203,000,000  
Tax refunds received from all jurisdictions       108,000,000 329,000,000 247,000,000  
Tax Attributes              
Foreign tax credits   $ 1,814,000,000 $ 2,129,000,000 1,814,000,000 2,129,000,000    
Valuation allowances   4,507,000,000 4,575,000,000 4,507,000,000 4,575,000,000    
Valuation allowance, increase (decrease)       (68,000,000)      
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit)       (123,000,000) (393,000,000) 0  
Tax Cuts and Jobs Act of 2017, deferred tax assets, existing income tax expense (benefit)   32,000,000 975,000,000 123,000,000 (272,000,000)    
Tax Cuts and Jobs Act of 2017, change in tax rate, provisional income tax expense (benefit)   0 (121,000,000)   (121,000,000)    
AMT credits     490,000,000   490,000,000    
Reversal of valuation allowances due to 2017 Tax Cuts and Jobs Act         272,000,000    
Tax charge to establish a reserve for uncertain tax positions     108,000,000   108,000,000    
Tax Cuts and Jobs Act of 2017, change in deferred tax asset valuation allowance   32,000,000 1,100,000,000 244,000,000 1,100,000,000    
Tax Cuts and Jobs Act of 2017, transition tax       (29,000,000)      
Income (loss) from continuing operation, foreign       3,502,000,000 2,882,000,000 1,707,000,000  
Income (loss) from continuing operations, domestic       390,000,000 20,000,000 (5,179,000,000)  
Change in PT-FI tax rates       $ 504,000,000 $ 0 $ 0  
U.S. federal statutory tax rate       21.00% 35.00% 35.00%  
Interest on income taxes accrued   186,000,000 22,000,000 $ 186,000,000 $ 22,000,000 $ 19,000,000  
Unrecognized tax benefits   404,000,000 390,000,000 404,000,000 390,000,000 101,000,000 $ 110,000,000
Unrecognized tax benefits that would impact the effective tax rate   296,000,000   296,000,000      
Unrecognized tax benefits that would impact the effective tax rate, net of tax benefits   147,000,000   147,000,000      
Valuation allowance for operating loss carryforwards              
Tax Attributes              
Valuation allowances   2,200,000,000   2,200,000,000      
Foreign Tax Credits              
Tax Attributes              
Valuation allowance, increase (decrease)       (305,000,000)      
Impairment To Oil And Gas Properties              
Tax Attributes              
Valuation allowances           1,600,000,000  
Net Operating Losses              
Tax Attributes              
Valuation allowance, increase (decrease)       $ (54,000,000)      
Discontinued Operations              
Schedule Of Income Taxes [Line Items]              
Total income taxes paid to all jurisdictions           27,000,000  
SUNAT | Cerro Verde              
Tax Attributes              
Foreign income tax rate under new stability agreement       32.00%      
Foreign Tax Authority              
Tax Attributes              
Foreign tax credits   1,100,000,000   $ 1,100,000,000      
Tax Credit Carryforward, Valuation Allowance   1,800,000,000   1,800,000,000      
Income (loss) from continuing operation, foreign       5,400,000,000      
Foreign Tax Authority | Tax Authority, Spain              
Tax Attributes              
Operating Loss Carryforwards   537,000,000   537,000,000      
Foreign Tax Authority | Tax Authority, In Papau, Indonesia              
Tax Attributes              
Operating Loss Carryforwards   975,000,000   $ 975,000,000      
Foreign Tax Authority | Chili - Service of Internal Taxes              
Tax Attributes              
U.S. federal statutory tax rate       35.00%      
Foreign Tax Authority | Chili - Service of Internal Taxes | Prior to September 2014 [Member]              
Tax Attributes              
U.S. federal statutory tax rate       35.00%      
Foreign Tax Authority | Chili - Service of Internal Taxes | 2020 and thereafter              
Tax Attributes              
U.S. federal statutory tax rate       44.50%      
Foreign Tax Authority | Chili - Service of Internal Taxes | Tax years 2017 through 2021 [Member]              
Tax Attributes              
U.S. federal statutory tax rate       35.00%      
Foreign Tax Authority | Chili - Service of Internal Taxes | Tax Year 2022 and Thereafter              
Tax Attributes              
U.S. federal statutory tax rate       44.50%      
Foreign Tax Authority | Chili - Service of Internal Taxes | Tax Years 2013 to 2017              
Tax Attributes              
Mining royalty tax rate       4.00%      
Foreign Tax Authority | Chili - Service of Internal Taxes | Tax Years 2018 to 2023 | Minimum              
Tax Attributes              
Mining royalty tax rate       5.00%      
Foreign Tax Authority | Chili - Service of Internal Taxes | Tax Years 2018 to 2023 | Maximum              
Tax Attributes              
Mining royalty tax rate       14.00%      
Foreign Tax Authority | SUNAT | 2014              
Tax Attributes              
U.S. federal statutory tax rate       30.00%      
Dividend tax rate       4.10%      
Foreign Tax Authority | SUNAT | 2019 and thereafter              
Tax Attributes              
U.S. federal statutory tax rate       26.00%      
Dividend tax rate       9.30%      
Foreign Tax Authority | SUNAT | Tax Year 2017              
Tax Attributes              
Dividend tax rate 5.00%            
Corporate Income Tax Rate 29.50%            
Tax Authority, In Papau, Indonesia              
Tax Attributes              
Change in PT-FI tax rates       $ 504,000,000      
Domestic Tax Authority              
Tax Attributes              
Operating Loss Carryforwards   6,000,000,000   6,000,000,000      
Valuation allowances     $ 458,000,000   458,000,000    
Income (loss) from continuing operations, domestic       5,400,000,000      
State and Local Jurisdiction              
Tax Attributes              
Operating Loss Carryforwards   $ 10,500,000,000   10,500,000,000      
Alternative Minimum Tax Credit              
Tax Attributes              
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit)       51,000,000 $ (380,000,000)    
AMT credit carryforwards           $ 110,000,000  
Reserve for Taxes, Other than Income Taxes [Member]              
Tax Attributes              
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit)       $ 72,000,000