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GUARANTOR FINANCIAL STATEMENTS (Condensed Consolidating Comprehensive Income Statement) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Condensed Comprehensive Income Statements [Line Items]                      
Revenues                 $ 20,921 [1] $ 18,010 [1] $ 20,880 [1]
Cost of Goods Sold                 14,637 11,561 10,920
Other operating costs and expenses                 933    
Total costs and expenses                 15,570 12,196 11,740
Operating income 1,650 [2],[3] 1,707 [2] 639 [2] 1,355 [2] 1,358 [4],[5] 1,411 1,311 1,734 5,351 [2],[3] 5,814 [4],[5] 9,140
Interest expense, net                 (518) (186) (312)
Losses on early extinguishment of debt                 (35) (168) (68)
Gain on investment in McMoRan Exploration Co. (MMR)                 128 0 0
Other income (expense), net                 (13)    
Income before income taxes and equity in affiliated companies' net earnings                 4,913 5,487 8,818
Benefit from (provision for) income taxes                 (1,475) (1,510) (3,087)
Equity in affiliated companies’ net earnings (losses)                 3 3 16
Net income 959 [6] 1,048 610 [6] 824 945 1,140 [7] 894 1,001 3,441 [6] 3,980 [7] 5,747
Net income and preferred dividends attributable to noncontrolling interests                 (783) (939) (1,187)
Net income attributable to FCX common stockholders 707 [2],[3],[6],[8],[9] 821 [2],[8] 482 [10],[2],[6],[8],[9] 648 [2],[9] 743 [4],[5] 824 [7] 710 764 [11] 2,658 [10],[2],[3],[6],[8],[9] 3,041 [11],[4],[5],[7] 4,560
Other comprehensive income                 101    
Total comprehensive income (loss)                 2,759 3,000 4,418
FCX Issuer [Member]
                     
Condensed Comprehensive Income Statements [Line Items]                      
Revenues                 0    
Cost of Goods Sold                 5    
Other operating costs and expenses                 129    
Total costs and expenses                 134    
Operating income                 (134)    
Interest expense, net                 (319)    
Losses on early extinguishment of debt                 (45)    
Gain on investment in McMoRan Exploration Co. (MMR)                 128    
Other income (expense), net                 61    
Income before income taxes and equity in affiliated companies' net earnings                 (309)    
Benefit from (provision for) income taxes                 81    
Equity in affiliated companies’ net earnings (losses)                 2,886    
Net income                 2,658    
Net income and preferred dividends attributable to noncontrolling interests                 0    
Net income attributable to FCX common stockholders                 2,658    
Other comprehensive income                 0    
Total comprehensive income (loss)                 2,658    
FM O&G LLC Guarantor [Member]
                     
Condensed Comprehensive Income Statements [Line Items]                      
Revenues                 1,177    
Cost of Goods Sold                 976    
Other operating costs and expenses                 89    
Total costs and expenses                 1,065    
Operating income                 112    
Interest expense, net                 (129)    
Losses on early extinguishment of debt                 0    
Gain on investment in McMoRan Exploration Co. (MMR)                 0    
Other income (expense), net                 0    
Income before income taxes and equity in affiliated companies' net earnings                 (17)    
Benefit from (provision for) income taxes                 17    
Equity in affiliated companies’ net earnings (losses)                 281    
Net income                 281    
Net income and preferred dividends attributable to noncontrolling interests                 0    
Net income attributable to FCX common stockholders                 281    
Other comprehensive income                 0    
Total comprehensive income (loss)                 281    
Non-Guarantor Subsidiaries [Member]
                     
Condensed Comprehensive Income Statements [Line Items]                      
Revenues                 19,744    
Cost of Goods Sold                 13,656    
Other operating costs and expenses                 715    
Total costs and expenses                 14,371    
Operating income                 5,373    
Interest expense, net                 (129)    
Losses on early extinguishment of debt                 10    
Gain on investment in McMoRan Exploration Co. (MMR)                 0    
Other income (expense), net                 (15)    
Income before income taxes and equity in affiliated companies' net earnings                 5,239    
Benefit from (provision for) income taxes                 (1,573)    
Equity in affiliated companies’ net earnings (losses)                 268    
Net income                 3,934    
Net income and preferred dividends attributable to noncontrolling interests                 (706)    
Net income attributable to FCX common stockholders                 3,228    
Other comprehensive income                 101    
Total comprehensive income (loss)                 3,329    
Eliminations [Member]
                     
Condensed Comprehensive Income Statements [Line Items]                      
Revenues                 0    
Cost of Goods Sold                 0    
Other operating costs and expenses                 0    
Total costs and expenses                 0    
Operating income                 0    
Interest expense, net                 59    
Losses on early extinguishment of debt                 0    
Gain on investment in McMoRan Exploration Co. (MMR)                 0    
Other income (expense), net                 (59)    
Income before income taxes and equity in affiliated companies' net earnings                 0    
Benefit from (provision for) income taxes                 0    
Equity in affiliated companies’ net earnings (losses)                 (3,432)    
Net income                 (3,432)    
Net income and preferred dividends attributable to noncontrolling interests                 (77)    
Net income attributable to FCX common stockholders                 (3,509)    
Other comprehensive income                 0    
Total comprehensive income (loss)                 $ (3,509)    
[1] Revenues are attributed to countries based on the location of the customer.
[2] Included charges of $14 million ($10 million to net income attributable to FCX common stockholders or $0.01 per share) in the first quarter, $61 million ($36 million to net income attributable to FCX common stockholders or $0.04 per share) in the second quarter, $1 million ($1 million to net income attributable to FCX common stockholders) in the third quarter, $4 million ($3 million to net income attributable to FCX common stockholders) in the fourth quarter and $80 million ($50 million to net income attributable to FCX common stockholders or $0.05 per share) for the year for transaction and related costs principally associated with the acquisitions of PXP and MMR.
[3] Included charges in the fourth quarter and for the year of (i) $76 million ($49 million to net income attributable to FCX common stockholders or $0.05 per share) associated with updated mine plans at Morenci that resulted in a loss in recoverable copper in leach stockpiles, (ii) $37 million ($23 million to net income attributable to FCX common stockholders or $0.02 per share) associated with the restructuring of an executive employment arrangement and (iii) $36 million ($13 million to net income attributable to FCX common stockholders or $0.01 per share) associated with a new labor agreement at Cerro Verde.
[4] Included a gain of $59 million ($31 million to net income attributable to FCX common stockholders or $0.03 per share) in the fourth quarter and for the year for the settlement of the insurance claim for business interruption and property damage relating to the 2011 incidents affecting PT-FI's concentrate pipelines. Refer to Note 12 for further discussion.
[5] Included a charge of $16 million ($8 million to net income attributable to FCX common stockholders or $0.01 per share) in the fourth quarter and for the year associated with a labor agreement at Candelaria. Also included charges of $9 million ($7 million to net income attributable to FCX common stockholders or $0.01 per share) for costs associated with the PXP and MMR transactions.
[6] Included a net tax benefit of $183 million ($0.19 per share) in the second quarter, $16 million ($0.01 per share) in the fourth quarter and $199 million ($0.20 per share) for the year associated with net reductions in FCX's deferred tax liabilities and deferred tax asset valuation allowances related to the acquisitions of PXP and MMR.
[7] Included a net tax benefit of $208 million ($108 million attributable to noncontrolling interests and $100 million to net income attributable to FCX common stockholders or $0.11 per share) in the third quarter and $205 million ($107 million attributable to noncontrolling interests and $98 million to net income attributable to FCX common stockholders or $0.11 per share) for the year associated with adjustments to Cerro Verde's deferred income taxes. Refer to Note 11 for further discussion.
[8] Included charges of $36 million ($23 million to net income attributable to FCX common stockholders or $0.02 per share) in the second quarter, $158 million ($98 million to net income attributable to FCX common stockholders or $0.09 per share) in the third quarter, $118 million ($73 million to net income attributable to FCX common stockholders or $0.07 per share) in the fourth quarter and $312 million ($194 million to net income attributable to FCX common stockholders or $0.19 per share) for the year 2013 (reflecting the seven-month period from June 1, 2013, to December 31, 2013) for net unrealized and noncash realized losses on crude oil and natural gas derivative contracts.
[9] Included net losses (gains) on early extinguishment of debt totaling $40 million ($0.04 per share) in the first quarter, $(5) million ($(0.01) per share) in the second quarter for an adjustment related to taxes on the first quarter losses, $(7) million ($(0.01) per share) in the fourth quarter and $28 million ($0.03 per share) for the year. Refer to Note 8 for further discussion.
[10] Included a gain of $128 million ($0.13 per share) in the second quarter and for the year primarily related to FCX's preferred stock investment in and the subsequent acquisition of MMR.
[11] Included losses on early extinguishment of debt totaling $149 million ($0.16 per share) in the first quarter and for the year. Refer to Note 8 for further discussion.