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Guarantor Financial Statements (Unaudited) (Tables)
 6 Months Ended
Jun. 30, 2013
Guarantor Financial Statements [Abstract]  
Condensed Consolidating Balance Sheets [Table Text Block]
CONDENSED CONSOLIDATING BALANCE SHEET
June 30, 2013
(In millions)

 
FCX
 
FM O&G
 
Non-guarantor
 
 
 
Consolidated
 
Parent
 
Parent
 
Subsidiaries
 
Eliminations
 
FCX
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
—

 
$
59

 
$
3,235

 
$
—

 
$
3,294

Accounts receivable
4,453

 
1,312

 
1,487

 
(5,373
)
 
1,879

Inventories
—

 
20

 
4,926

 
—

 
4,946

Other current assets
101

 
80

 
278

 
—

 
459

Total current assets
4,554

 
1,471

 
9,926

 
(5,373
)
 
10,578

Property, plant, equipment and
 
 
 
 
 
 
 
 
 
development costs, net
29

 
8,730

 
37,455

 
—

 
46,214

Investment in consolidated subsidiaries
30,372

 
7,442

 
84

 
(37,898
)
 
—

Goodwill
—

 
454

 
1,450

 
—

 
1,904

Other assets
4,020

 
4,027

 
4,337

 
(7,923
)
 
4,461

Total assets
$
38,975

 
$
22,124

 
$
53,252

 
$
(51,194
)
 
$
63,157

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities
$
1,898

 
$
2,102

 
$
6,983

 
$
(5,373
)
 
$
5,610

Long-term debt, less current portion
13,484

 
10,282

 
6,489

 
(9,113
)
 
21,142

Deferred income taxesa
3,709

 
—

 
3,131

 
—

 
6,840

Reclamation and environmental obligations,
 
 
 
 
 
 
 
 
 
less current portion
—

 
275

 
2,831

 
—

 
3,106

Other liabilities
6

 
65

 
1,739

 
—

 
1,810

Total liabilities
19,097

 
12,724

 
21,173

 
(14,486
)
 
38,508

 
 
 
 
 
 
 
 
 
 
Redeemable noncontrolling interest
—

 
—

 
782

 
—

 
782

 
 
 
 
 
 
 
 
 
 
Equity:
 
 
 
 
 
 
 
 
 
Stockholders' equity
19,878

 
9,400

 
27,464

 
(36,864
)
 
19,878

Noncontrolling interests
—

 
—

 
3,833

 
156

 
3,989

Total equity
19,878

 
9,400

 
31,297

 
(36,708
)
 
23,867

Total liabilities and equity
$
38,975

 
$
22,124

 
$
53,252

 
$
(51,194
)
 
$
63,157

a.
All U.S. related deferred income taxes are recorded at the parent company.
Condensed Consolidating Statements of Income [Table Text Block]
CONDENSED CONSOLIDATING STATEMENT OF INCOME
Three and Six Months Ended June 30, 2013
(In millions)

Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
FCX
 
FM O&G
 
Non-guarantor
 
 
 
Consolidated
 
Parent
 
Parent
 
Subsidiaries
 
Eliminations
 
FCX
Revenues
$
—

 
$
162

 
$
4,126

 
$
—

 
$
4,288

Cost of sales
1

 
126

 
3,256

 
—

 
3,383

Other operating costs and expenses
75

 
9

 
182

 
—

 
266

Total costs and expenses
76

 
135

 
3,438

 
—

 
3,649

Operating (loss) income
(76
)
 
27

 
688

 
—

 
639

Interest expense, net
(92
)
 
(12
)
 
(39
)
 
11

 
(132
)
Gain on investment in MMR
128

 
—

 
—

 
—

 
128

Other income (expense), net
11

 
—

 
13

 
(11
)
 
13

(Loss) income before income taxes and equity
 
 
 
 
 
 
 
 
 
in affiliated companies' net earnings (losses)
(29
)
 
15

 
662

 
—

 
648

Benefit from (provision for) income taxes
35

 
(5
)
 
(70
)
 
—

 
(40
)
Equity in affiliated companies' net earnings (losses)
476

 
20

 
(3
)
 
(491
)
 
2

Net income (loss)
482

 
30

 
589

 
(491
)
 
610

Net income attributable to noncontrolling interests
—

 
—

 
(133
)
 
5

 
(128
)
Net income (loss) attributable to FCX
 
 
 
 
 
 
 
 
 
common stockholders
$
482

 
$
30

 
$
456

 
$
(486
)
 
$
482

 
 
 
 
 
 
 
 
 
 

Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
FCX
 
FM O&G
 
Non-guarantor
 
 
 
Consolidated
 
Parent
 
Parent
 
Subsidiaries
 
Eliminations
 
FCX
Revenues
$
—

 
$
162

 
$
8,709

 
$
—

 
$
8,871

Cost of sales
3

 
126

 
6,304

 
(2
)
 
6,431

Other operating costs and expenses
92

 
9

 
343

 
2

 
446

Total costs and expenses
95

 
135

 
6,647

 
—

 
6,877

Operating (loss) income
(95
)
 
27

 
2,062

 
—

 
1,994

Interest expense, net
(128
)
 
(12
)
 
(64
)
 
15

 
(189
)
Losses on early extinguishment of debt
(45
)
 
—

 
—

 
—

 
(45
)
Gain on investment in MMR
128

 
—

 
—

 
—

 
128

Other income (expense), net
15

 
—

 
10

 
(15
)
 
10

(Loss) income before income taxes and equity
 
 
 
 
 
 
 
 
 
in affiliated companies' net earnings (losses)
(125
)
 
15

 
2,008

 
—

 
1,898

Benefit from (provision for) income taxes
26

 
(5
)
 
(489
)
 
—

 
(468
)
Equity in affiliated companies' net earnings (losses)
1,229

 
20

 
(46
)
 
(1,199
)
 
4

Net income (loss)
1,130

 
30

 
1,473

 
(1,199
)
 
1,434

Net income attributable to noncontrolling interests
—

 
—

 
(292
)
 
(12
)
 
(304
)
Net income (loss) attributable to FCX
 
 
 
 
 
 
 
 
 
common stockholders
$
1,130

 
$
30

 
$
1,181

 
$
(1,211
)
 
$
1,130

 
 
 
 
 
 
 
 
 
 
Condensed Consolidating Statements of Cash Flows [Table Text Block]
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Six Months Ended June 30, 2013
(In millions)
 
FCX
 
FM O&G
 
Non-guarantor
 
 
 
Consolidated
 
Parent
 
Parent
 
Subsidiaries
 
Eliminations
 
FCX
Cash flow from operating activities:
 
 
 
 
 
 
 
 
 
Net income (loss)
$
1,130

 
$
30

 
$
1,473

 
$
(1,199
)
 
$
1,434

Adjustments to reconcile net income (loss) to net
 
 
 
 
 
 
 
 
 
cash provided by operating activities:
 
 
 
 
 
 
 
 
 
Depreciation, depletion and amortization
2

 
79

 
772

 
6

 
859

Losses on early extinguishment of debt
45

 
—

 
—

 
—

 
45

Gain on investments in MMR
(128
)
 
—

 
—

 
—

 
(128
)
Equity in earnings of consolidated subsidiaries
(1,140
)
 
(20
)
 
5

 
1,155

 
—

Other, net
43

 
29

 
(260
)
 
38

 
(150
)
(Increases) decreases in working capital and other tax
 
 
 
 
 
 
 
 
 
 payments, excluding amounts from the acquisitions:
 
 
 
 
 
 
 
 
 
Accounts receivable, inventories and other current assets
(2
)
 
32

 
22

 
196

 
248

Accounts payable, accrued liabilities and accrued
 
 
 
 
 
 
 
 
 
income taxes and other tax payments
144

 
(1
)
 
(295
)
 
(291
)
 
(443
)
Net cash provided by (used in) operating activities
94

 
149

 
1,717

 
(95
)
 
1,865

 
 
 
 
 
 
 
 
 
 
Cash flow from investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(151
)
 
(1,817
)
 
(10
)
 
(1,978
)
Acquisitions, net of cash acquired
(5,437
)
 
—

 
(321
)
 
344

 
(5,414
)
Other, net
(5
)
 
—

 
(259
)
 
—

 
(264
)
Net cash (used in) provided by investing activities
(5,442
)
 
(151
)
 
(2,397
)
 
334

 
(7,656
)
 
 
 
 
 
 
 
 
 
 
Cash flow from financing activities:
 
 
 
 
 
 
 
 
 
Proceeds from debt
10,885

 
—

 
136

 
—

 
11,021

Repayments of debt
(4,050
)
 
(415
)
 
(76
)
 
—

 
(4,541
)
Intercompany loans
(476
)
 
476

 
344

 
(344
)
 
—

Cash dividends paid:
 
 
 
 
 
 
 
 
 
Common stock
(595
)
 
—

 
(104
)
 
104

 
(595
)
Noncontrolling interests
—

 
—

 
(90
)
 
—

 
(90
)
Other, net
(416
)
 
—

 
—

 
1

 
(415
)
Net cash provided by (used in) financing activities
5,348

 
61

 
210

 
(239
)
 
5,380

 
 
 
 
 
 
 
 
 
 
Net increase (decrease) in cash and cash equivalents
—

 
59

 
(470
)
 
—

 
(411
)
Cash and cash equivalents at beginning of period
—

 
—

 
3,705

 
—

 
3,705

Cash and cash equivalents at end of period
$
—

 
$
59

 
$
3,235

 
$
—

 
$
3,294