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CONSOLIDATED STATEMENTS OF EQUITY (USD $)
In Millions, unless otherwise specified
Total
Convertible Perpetual Preferred Stock [Member]
Mandatory Convertible Preferred Stock [Member]
Common Stock [Member]
Capital in Excess of Par Value [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Common Stock Held in Treasury [Member]
Total FCX Stockholders' Equity [Member]
Noncontrolling Interests [Member]
Balance at Dec. 31, 2008 $ 7,101 $ 832 $ 2,875 $ 89 $ 13,951 $ (8,267) $ (305) $ (3,402) $ 5,773 $ 1,328
Balance (in shares) at Dec. 31, 2008   1 29 889       121    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversions and redemptions of 5 1/2% Convertible Perpetual Preferred Stock (1) (832)   4 827       (1)  
Conversions and redemptions of 5 1/2% Convertible Perpetual Preferred Stock (in shares)   (1)   36            
Sale of common stock 740     5 735       740  
Sale of common stock (in shares)       53            
Exercised and issued stock-based awards 18       18       18  
Exercised and issued stock-based awards (in shares)       3            
Stock-based compensation 100       100       100  
Tax benefit for stock-based awards 6       6       6  
Tender of shares for stock-based awards (11)             (11) (11)  
Tender of shares for stock-based awards (in shares)               1    
Dividends on common stock (65)         (65)     (65)  
Dividends on preferred stock (222)         (222)     (222)  
Distributions to noncontrolling interests (535)                 (535)
Contributions from noncontrolling interests 59                 59
Comprehensive income:                    
Net income 3,534         2,749     2,749 785
Other comprehensive income (loss), net of taxes:                    
Unrealized gains (losses) on securities 3           3   3  
Translation adjustment 3           3   3  
Defined benefit plans:                    
Net gain (loss) during period, net of taxes 9           8   8 1
Amortization of unrecognized amounts 18           18   18  
Other comprehensive income (loss) 33           32   32 1
Total comprehensive income 3,567               2,781 786
Balance at Dec. 31, 2009 10,757 0 2,875 98 15,637 (5,805) (273) (3,413) 9,119 1,638
Balance (in shares) at Dec. 31, 2009   0 29 981       122    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Conversions of 6 3/4% Mandatory Convertible Preferred Stock       (2,875) 8 2,867               
Conversions of 6 3/4% Mandatory Convertible Preferred Stock (in shares)      (29) 79             
Conversions of 7% Convertible Senior Notes 1          1          1  
Exercised and issued stock-based awards 110       1 109          110   
Exercised and issued stock-based awards (in shares)         7             
Stock-based compensation 129          129          129   
Tax benefit for stock-based awards 8          8          8   
Tender of shares for stock-based awards (28)                   (28) (28)   
Tender of shares for stock-based awards (in shares)                        
Dividends on common stock (1,058)             (1,058)       (1,058)   
Dividends on preferred stock (63)             (63)       (63)   
Distributions to noncontrolling interests (816)                         (816)
Contributions from noncontrolling interests 28                         28
Comprehensive income:                    
Net income 5,544             4,336       4,336 1,208
Other comprehensive income (loss), net of taxes:                    
Unrealized gains (losses) on securities 2                2    2   
Defined benefit plans:                    
Net gain (loss) during period, net of taxes (69)                (67)    (67) (2)
Amortization of unrecognized amounts 15                15    15   
Other comprehensive income (loss) (52)                (50)    (50) (2)
Total comprehensive income 5,492                      4,286 1,206
Balance at Dec. 31, 2010 14,560 0 0 107 18,751 (2,590) (323) (3,441) 12,504 2,056
Balance (in shares) at Dec. 31, 2010   0 0 1,067       122    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Exercised and issued stock-based awards 48          48          48   
Exercised and issued stock-based awards (in shares)         4             
Stock-based compensation 117          117          117   
Tax benefit for stock-based awards 24          24          24   
Tender of shares for stock-based awards (45)          67       (112) (45)   
Tender of shares for stock-based awards (in shares)                  1    
Dividends on common stock (1,424)             (1,424)       (1,424)   
Dividends on preferred stock 0                  
Distributions to noncontrolling interests (391)                         (391)
Contributions from noncontrolling interests 62                         62
Comprehensive income:                    
Net income 5,747 [1]             4,560       4,560 1,187
Other comprehensive income (loss), net of taxes:                    
Unrealized gains (losses) on securities (1)                (1)    (1)   
Translation adjustment (2)           (2)    (2)   
Defined benefit plans:                    
Net gain (loss) during period, net of taxes (157)                (154)    (154) (3)
Amortization of unrecognized amounts 15                15    15   
Other comprehensive income (loss) (145)                (142)    (142) (3)
Total comprehensive income 5,602                      4,418 1,184
Balance at Dec. 31, 2011 $ 18,553 $ 0 $ 0 $ 107 $ 19,007 $ 546 $ (465) $ (3,553) $ 15,642 $ 2,911
Balance (in shares) at Dec. 31, 2011   0 0 1,071       123    
[1] 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.