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CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net (loss) income $ (745)us-gaap_ProfitLoss [1],[2] $ 3,441us-gaap_ProfitLoss [3] $ 3,980us-gaap_ProfitLoss
Defined benefit plans:      
Actuarial (losses) gains arising during the period (161)us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax 73us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax (69)us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
Prior service costs arising during the period 0us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax (21)us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax 0us-gaap_OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
Amortization of unrecognized amounts included in net periodic benefit costs 25us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax 30us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax 26us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
Foreign exchange gains 1us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 12us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax 3us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Adjustment to deferred tax valuation allowance (5)fcx_OtherComprehensiveIncomeLossValuationAllowanceDeferredTaxAssetChangeInAmount 0fcx_OtherComprehensiveIncomeLossValuationAllowanceDeferredTaxAssetChangeInAmount (1)fcx_OtherComprehensiveIncomeLossValuationAllowanceDeferredTaxAssetChangeInAmount
Translation adjustments and unrealized losses on securities (1)fcx_OtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodandForeignCurrencyTranslationAdjustmentNetofTaxPortionAttributabletoParent 4fcx_OtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodandForeignCurrencyTranslationAdjustmentNetofTaxPortionAttributabletoParent (1)fcx_OtherComprehensiveIncomeLossUnrealizedHoldingGainLossonSecuritiesArisingDuringPeriodandForeignCurrencyTranslationAdjustmentNetofTaxPortionAttributabletoParent
Other comprehensive (loss) income (141)us-gaap_OtherComprehensiveIncomeLossNetOfTax 98us-gaap_OtherComprehensiveIncomeLossNetOfTax (42)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Total comprehensive (loss) income (886)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 3,539us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 3,938us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Total comprehensive income attributable to noncontrolling interests (521)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (758)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest (938)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Preferred dividends attributable to redeemable noncontrolling interest (40)us-gaap_PreferredStockDividendsIncomeStatementImpact (22)us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact
Total comprehensive (loss) income attributable to FCX common stockholders $ (1,447)us-gaap_ComprehensiveIncomeNetOfTax $ 2,759us-gaap_ComprehensiveIncomeNetOfTax $ 3,000us-gaap_ComprehensiveIncomeNetOfTax
[1] Includes a tax charge of $57 million ($0.06 per share) in the second quarter, $5 million in the third quarter, $22 million ($0.02 per share) in the fourth quarter and $84 million ($0.08 per share) for the year associated with deferred taxes recorded in connection with the allocation of goodwill to the sale of the Eagle Ford properties. Additionally, includes a net tax charge (benefit) of $54 million ($7 million attributable to noncontrolling interests and $47 million to net income attributable to common stockholders or $0.04 per share) in the third quarter, $(17) million ($11 million attributable to noncontrolling interests and $(28) million to net loss attributable to common stockholders or $(0.03) per share) in the fourth quarter and $37 million ($18 million attributable to noncontrolling interests and $19 million to net loss attributable to common stockholders or $0.02 per share) for the year associated with changes in Chilean tax rules, U.S. federal income tax regulations and Peruvian tax rules, partially offset by a tax benefit related to changes in U.S. state income tax filing positions.
[2] Includes net gains (losses) on early extinguishment of debt totaling $4 million in the second quarter, $17 million ($0.02 per share) in the third quarter, $(18) million ($(0.02) per share) in the fourth quarter and $3 million for the year. Refer to Note 8 for further discussion.
[3] Includes 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.