XML 51 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurement (Fair Value Measurement Inputs) (Details)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2019
USD ($)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
$ / bbl
Dec. 31, 2016
USD ($)
$ / bbl
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Other Assets, Current   $ 517     $ 655    
Other assets   1,693     1,885    
Proceeds from Sale of Other Assets, contingent consideration   116 $ 94        
Derivative Liability, Fair Value, Gross Liability   34     21    
Investment securities (current and long-term):              
Marketable Securities   0          
Derivatives:              
Derivative Asset   90     74    
Derivatives: [Abstract]              
Derivative Liability   30     21    
Fair Value Measured at Net Asset Value Per Share [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Discontinued Operation, Contingent Receivable   0     0    
Investment securities (current and long-term):              
Investments, Fair Value Disclosure   29     27    
Trust Assets Fair Value Disclosure   63     59    
Derivatives:              
Derivative Asset   0     0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Long-term debt, including current portion   0     0    
Level 1              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Discontinued Operation, Contingent Receivable   0     0    
Investment securities (current and long-term):              
Investments, Fair Value Disclosure   5     4    
Trust Assets Fair Value Disclosure   9     3    
Derivatives:              
Derivative Asset   13     5    
Derivatives: [Abstract]              
Derivative Liability   2     0    
Long-term debt, including current portion   0     0    
Level 2              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Discontinued Operation, Contingent Receivable   0     0    
Investment securities (current and long-term):              
Investments, Fair Value Disclosure   0     0    
Trust Assets Fair Value Disclosure   136     134    
Derivatives:              
Derivative Asset   81     80    
Derivatives: [Abstract]              
Derivative Liability   32     21    
Long-term debt, including current portion   10,013     10,239    
Level 3              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Discontinued Operation, Contingent Receivable   78     108    
Investment securities (current and long-term):              
Investments, Fair Value Disclosure   0     0    
Trust Assets Fair Value Disclosure   0     0    
Derivatives:              
Derivative Asset   0     0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Long-term debt, including current portion   0     0    
Estimate of Fair Value Measurement [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Discontinued Operation, Contingent Receivable   78     108    
Investment securities (current and long-term):              
Investments, Fair Value Disclosure   34     31    
Trust Assets Fair Value Disclosure   208     196    
Derivatives:              
Derivative Asset   94     85    
Derivatives: [Abstract]              
Derivative Liability   34     21    
Long-term debt, including current portion   10,013     10,239    
Carrying Amount, Fair Value Disclosure [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Discontinued Operation, Contingent Receivable   115     122    
Investment securities (current and long-term):              
Investments, Fair Value Disclosure   34     31    
Trust Assets Fair Value Disclosure   208     196    
Derivatives:              
Derivative Asset   94     85    
Derivatives: [Abstract]              
Derivative Liability   34     21    
Long-term debt, including current portion   9,914     9,826    
Embedded Derivative Financial Instruments [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Derivative Liability, Fair Value, Gross Liability   28     20    
Derivatives:              
Derivative Asset   77     68    
Derivatives: [Abstract]              
Derivative Liability   28     20    
Embedded Derivative Financial Instruments [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Derivatives:              
Derivative Asset   0     0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Embedded Derivative Financial Instruments [Member] | Level 1              
Derivatives:              
Derivative Asset   0     0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Embedded Derivative Financial Instruments [Member] | Level 2              
Derivatives:              
Derivative Asset   77     68    
Derivatives: [Abstract]              
Derivative Liability   28     20    
Embedded Derivative Financial Instruments [Member] | Level 3              
Derivatives:              
Derivative Asset   0     0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Embedded Derivative Financial Instruments [Member] | Estimate of Fair Value Measurement [Member]              
Derivatives:              
Derivative Asset   77     68    
Derivatives: [Abstract]              
Derivative Liability   28     20    
Embedded Derivative Financial Instruments [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Derivatives:              
Derivative Asset   77     68    
Derivatives: [Abstract]              
Derivative Liability   28     20    
Forward Contracts [Member] | Level 1              
Derivatives:              
Derivative Asset   2          
Forward Contracts [Member] | Level 2              
Derivatives:              
Derivative Asset   2          
Forward Contracts [Member] | Level 3              
Derivatives:              
Derivative Asset   0          
Forward Contracts [Member] | Estimate of Fair Value Measurement [Member]              
Derivatives:              
Derivative Asset   4          
Forward Contracts [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Derivatives:              
Derivative Asset   4          
Commodity Contract [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Derivative Liability, Fair Value, Gross Liability   6     1    
Derivatives:              
Derivative Asset   13     6    
Derivatives: [Abstract]              
Derivative Liability   2     1    
Commodity Contract [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Derivatives:              
Derivative Asset   0     0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Commodity Contract [Member] | Level 1              
Derivatives:              
Derivative Asset         5    
Derivatives: [Abstract]              
Derivative Liability   2     0    
Commodity Contract [Member] | Level 2              
Derivatives:              
Derivative Asset         1    
Derivatives: [Abstract]              
Derivative Liability   4     1    
Commodity Contract [Member] | Level 3              
Derivatives:              
Derivative Asset         0    
Derivatives: [Abstract]              
Derivative Liability   0     0    
Commodity Contract [Member] | Estimate of Fair Value Measurement [Member]              
Derivatives:              
Derivative Asset         6    
Derivatives: [Abstract]              
Derivative Liability   6     1    
Commodity Contract [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Derivatives:              
Derivative Asset         6    
Derivatives: [Abstract]              
Derivative Liability   6     1    
Future [Member] | Level 1              
Derivatives:              
Derivative Asset   11          
Future [Member] | Level 2              
Derivatives:              
Derivative Asset   2          
Future [Member] | Level 3              
Derivatives:              
Derivative Asset   0          
Future [Member] | Estimate of Fair Value Measurement [Member]              
Derivatives:              
Derivative Asset   13          
Future [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Derivatives:              
Derivative Asset   13          
Africa and onshore California [Member] | Commodity Contract [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Derivatives:              
Derivative Asset         0    
Africa and onshore California [Member] | Commodity Contract [Member] | Level 1              
Derivatives:              
Derivative Asset         0    
Africa and onshore California [Member] | Commodity Contract [Member] | Level 2              
Derivatives:              
Derivative Asset         11    
Africa and onshore California [Member] | Commodity Contract [Member] | Level 3              
Derivatives:              
Derivative Asset         0    
Africa and onshore California [Member] | Commodity Contract [Member] | Estimate of Fair Value Measurement [Member]              
Derivatives:              
Derivative Asset         11    
Africa and onshore California [Member] | Commodity Contract [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Derivatives:              
Derivative Asset         11    
U.S. core fixed income fund [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Marketable Securities   29     27    
Trust Assets Fair Value Disclosure   63     59    
U.S. core fixed income fund [Member] | Level 1              
Investment securities (current and long-term):              
Marketable Securities   0     0    
Trust Assets Fair Value Disclosure   0     0    
U.S. core fixed income fund [Member] | Level 2              
Investment securities (current and long-term):              
Marketable Securities   0     0    
Trust Assets Fair Value Disclosure   0     0    
U.S. core fixed income fund [Member] | Level 3              
Investment securities (current and long-term):              
Marketable Securities   0     0    
Trust Assets Fair Value Disclosure   0     0    
U.S. core fixed income fund [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Marketable Securities   29     27    
Trust Assets Fair Value Disclosure   63     59    
U.S. core fixed income fund [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Marketable Securities   29     27    
Trust Assets Fair Value Disclosure   63     59    
Equity securities | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Marketable Securities         0    
Equity securities | Level 1              
Investment securities (current and long-term):              
Marketable Securities   5     4    
Equity securities | Level 2              
Investment securities (current and long-term):              
Marketable Securities   0     0    
Equity securities | Level 3              
Investment securities (current and long-term):              
Marketable Securities   0     0    
Equity securities | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Marketable Securities   5     4    
Equity securities | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Marketable Securities   5     4    
Government bonds | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Government bonds | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Government bonds | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   32     36    
Government bonds | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Government bonds | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   32     36    
Government bonds | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   32     36    
Corporate bonds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Corporate bonds [Member] | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Corporate bonds [Member] | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   45     33    
Corporate bonds [Member] | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Corporate bonds [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   45     33    
Corporate bonds [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   45     33    
Government mortgage-backed securities [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Government mortgage-backed securities [Member] | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Government mortgage-backed securities [Member] | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   40     43    
Government mortgage-backed securities [Member] | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Government mortgage-backed securities [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   40     43    
Government mortgage-backed securities [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   40     43    
Asset-backed securities [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Asset-backed securities [Member] | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Asset-backed securities [Member] | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   14     14    
Asset-backed securities [Member] | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Asset-backed securities [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   14     14    
Asset-backed securities [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   14     14    
Money market funds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Money market funds [Member] | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   9     3    
Money market funds [Member] | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Money market funds [Member] | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Money market funds [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   9     3    
Money market funds [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   9     3    
Collateralized Mortgage Backed Securities [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Collateralized Mortgage Backed Securities [Member] | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Collateralized Mortgage Backed Securities [Member] | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   4     7    
Collateralized Mortgage Backed Securities [Member] | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Collateralized Mortgage Backed Securities [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   4     7    
Collateralized Mortgage Backed Securities [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   4     7    
Municipal bonds [Member] | Fair Value Measured at Net Asset Value Per Share [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Municipal bonds [Member] | Level 1              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Municipal bonds [Member] | Level 2              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   1     1    
Municipal bonds [Member] | Level 3              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   0     0    
Municipal bonds [Member] | Estimate of Fair Value Measurement [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   1     1    
Municipal bonds [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Investment securities (current and long-term):              
Trust Assets Fair Value Disclosure   1     1    
Bank Time Deposits [Member] | Carrying Amount, Fair Value Disclosure [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Other Assets, Current   132     100    
Other assets   131     157    
Not Designated as Hedging Instrument [Member] | Embedded Derivative Financial Instruments [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Derivative Liability, Fair Value, Gross Liability   28     20    
Freeport-McMoRan Oil & Gas | Onshore California [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Other assets   0     11    
Discontinued Operation, Contingent Receivable             $ 150
Proceeds from Sale of Other Assets, contingent consideration $ 50            
Derivatives:              
Discontinued Operation, Contingent Receivable, Per Year   50          
Freeport-McMoRan Oil & Gas | Deepwater Gulf of Mexico Interests [Member]              
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]              
Other Assets, Current   12     18    
Other assets   103     $ 104    
Discontinued Operation, Contingent Receivable             $ 150
Forecast | Freeport-McMoRan Oil & Gas | Onshore California [Member]              
Derivatives:              
Discontinued Operation, Contingent Receivable, Per Year       $ 50      
Crude Oil [Member] | Freeport-McMoRan Oil & Gas | Onshore California [Member]              
Derivatives:              
Contingent consideration, reference threshold (in us dollars per pound) | $ / bbl           70 70
Fair Value, Recurring [Member] | Forward Contracts [Member] | Estimate of Fair Value Measurement [Member]              
Derivatives:              
Derivative Asset   $ 0