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Debt and Equity Transactions (Unaudited) Debt (Tables)
3 Months Ended
Mar. 31, 2016
Debt Instrument [Line Items]  
Schedule of Debt [Table Text Block]
The components of debt follow:
 
March 31,
2016
 
December 31, 2015
Term Loan
$
3,011

 
$
3,032

Revolving credit facility
480

 

Lines of credit
332

 
442

Cerro Verde credit facility
1,783

 
1,781

Cerro Verde shareholder loans
261

 
259

Senior notes and debentures:
 
 
 
Issued by FCX
11,911

 
11,908

Issued by Freeport-McMoRan Oil & Gas LLC (FM O&G LLC)
2,532

 
2,539

Issued by FMC
359

 
359

Other (including equipment capital leases and other short-term borrowings)
108

 
108

Total debta
20,777

 
20,428

Less current portion of debt
(1,139
)
 
(649
)
Long-term debt
$
19,638

 
$
19,779

a.
Includes additions for unamortized fair value adjustments totaling $203 million at March 31, 2016, and $210 million at December 31, 2015, and net reductions for unamortized debt issuance costs and unamortized discounts of $130 million at March 31, 2016, and $129 million at December 31, 2015.