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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Income Statement [Abstract]      
Revenues $ 20,880 [1] $ 18,982 [1] $ 15,040 [1]
Cost of sales:      
Production and delivery 9,898 8,335 7,006
Depreciation, depletion and amortization 1,022 1,036 1,014
Total cost of sales 10,920 9,371 8,020
Selling, general and administrative expenses 415 381 321
Exploration and research expenses 271 143 90
Environmental Obligations And Shutdown Costs 134 19 106 [2]
Total costs and expenses 11,740 9,914 8,537
Operating income 9,140 [3] 9,068 6,503
Interest expense, net (312) (462) (586)
Losses on early extinguishment of debt (68) (81) (48)
Other income (expense), net 58 (13) (53)
Income before income taxes and equity in affiliated companies' net earnings 8,818 8,512 5,816
Provision for income taxes (3,087) (2,983) (2,307)
Equity in affiliated companies' net earnings 16 15 25
Net income 5,747 [4] 5,544 3,534
Net income attributable to noncontrolling interests (1,187) (1,208) (785)
Preferred dividends 0 (63) (222)
Net income attributable to FCX common stockholders $ 4,560 [3],[4],[5] $ 4,273 [6] $ 2,527
Net income per share attributable to FCX common stockholders:      
Basic (in dollars per share) $ 4.81 $ 4.67 $ 3.05
Diluted (in dollars per share) $ 4.78 [3],[4],[5] $ 4.57 [6] $ 2.93
Weighted-average common shares outstanding:      
Basic (in shares) 947 915 829
Diluted (in shares) 955 949 938
Dividends declared per share of common stock (in dollars per share) $ 1.50 $ 1.125 $ 0.075
[1] Revenues are attributed to countries based on the location of the customer.
[2] Includes charges totaling $23 million associated with net restructuring charges, primarily at the Morenci mine
[3] Includes charges totaling $116 million ($50 million to net income attributable to common stock or $0.05 per share) for the fourth quarter and the year primarily associated with bonuses for new labor agreements and other employee costs at PT Freeport Indonesia, Cerro Verde and El Abra.
[4] Includes additional taxes of $57 million ($50 million net of noncontrolling interests or $0.05 per share) in the third quarter and $53 million ($49 million net of noncontrolling interests or $0.05 per share) for the year associated with Peru's new mining tax and royalty regime. Refer to Note 12 for for further discussion.
[5] Includes losses on early extinguishment of debt totaling $6 million ($0.01 per share) in the first quarter, $54 million ($0.06 per share) in the second quarter and $60 million ($0.06 per share) for the year. Refer to Note 9 for further discussion.
[6] Includes losses on early extinguishment of debt totaling $23 million ($0.02 per share) in the first quarter, $42 million ($0.05 per share) in the second quarter, $3 million (less than $0.01 per share) in the fourth quarter and $71 million ($0.07 per share) for the year. Refer to Note 9 for further discussion.