XML 50 R33.htm IDEA: XBRL DOCUMENT v3.19.3
Debt and Equity (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 25, 2019
Aug. 15, 2019
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
May 02, 2019
Mar. 27, 2019
Dec. 31, 2018
Total Debt [Abstract]                    
Total debt     $ 9,919,000,000     $ 9,919,000,000       $ 11,141,000,000
Current portion of debt     (4,000,000)     (4,000,000)       (17,000,000)
Long-term debt, less current portion     9,915,000,000     9,915,000,000       11,124,000,000
Proceeds from repayment of debt   $ 1,187,000,000                
Net gain (loss) on exchanges and early extinguishment of debt     (21,000,000)   $ 0 (27,000,000) $ 8,000,000      
Interest costs     $ 163,000,000   $ 167,000,000 $ 508,000,000 $ 508,000,000      
Dividends declared per share of common stock (in dollars per share) $ 0.05   $ 0.05   $ 0.05 $ 0.15 $ 0.15      
Senior Notes due 2027, 5.00%                    
Total Debt [Abstract]                    
Debt   $ 600,000,000                
Stated interest rate   5.00%                
Senior Notes due 2029, 5.25%                    
Total Debt [Abstract]                    
Debt   $ 600,000,000                
Stated interest rate   5.25%                
Senior Notes due 2023, 6.875%                    
Total Debt [Abstract]                    
Stated interest rate   6.875%                
Senior Notes due 2021, 4.00%                    
Total Debt [Abstract]                    
Stated interest rate   4.00%                
Senior Notes due 2022, 3.55%                    
Total Debt [Abstract]                    
Stated interest rate   3.55%                
Property, Plant and Equipment [Member]                    
Total Debt [Abstract]                    
Interest costs capitalized     $ 40,000,000   $ 24,000,000 $ 107,000,000 $ 72,000,000      
Line of Credit [Member] | Cerro Verde [Member]                    
Total Debt [Abstract]                    
Total debt     825,000,000     825,000,000       1,023,000,000
Line of Credit [Member] | Letter of Credit [Member]                    
Total Debt [Abstract]                    
Letter of credit     13,000,000     13,000,000        
Revolving credit facility, availability     1,500,000,000     1,500,000,000        
Line of Credit [Member] | Revolving Credit Facility [Member]                    
Total Debt [Abstract]                    
Debt     0     0        
Revolving credit facility, availability     3,500,000,000     3,500,000,000        
Line of Credit [Member] | Revolving Credit Facility [Member] | Amended Credit Facility [Member]                    
Total Debt [Abstract]                    
Revolving credit facility, availability               $ 3,500,000,000    
Line of Credit [Member] | Revolving Credit Facility [Member] | Amended Credit Facility, Maturing April 20, 2024 [Member]                    
Total Debt [Abstract]                    
Revolving credit facility, availability               3,260,000,000    
Line of Credit [Member] | Revolving Credit Facility [Member] | Amended Credit Facility, Maturing April 20, 2023 [Member]                    
Total Debt [Abstract]                    
Revolving credit facility, availability               $ 240,000,000    
Senior Notes [Member]                    
Total Debt [Abstract]                    
Debt, principal     1,145,000,000     1,145,000,000        
Net gain (loss) on exchanges and early extinguishment of debt       $ (1,000,000)   21,000,000        
Repayments of credit facility       200,000,000            
Net Adjustments     32,000,000     32,000,000        
Book Value           1,177,000,000        
Redemption/Tender Value           1,198,000,000        
Senior Notes [Member] | 3.100% Senior Notes due March 2020 [Member]                    
Total Debt [Abstract]                    
Debt, principal                 $ 1,000,000,000.0  
Stated interest rate                 3.10%  
Net gain (loss) on exchanges and early extinguishment of debt       $ (5,000,000)            
Senior Notes [Member] | Senior Notes due 2023, 6.875%                    
Total Debt [Abstract]                    
Debt, principal     728,000,000     728,000,000        
Net gain (loss) on exchanges and early extinguishment of debt           6,000,000        
Net Adjustments     34,000,000     34,000,000        
Book Value           762,000,000        
Redemption/Tender Value           768,000,000        
Senior Notes [Member] | Senior Notes due 2021, 4.00%                    
Total Debt [Abstract]                    
Debt, principal     405,000,000     405,000,000        
Net gain (loss) on exchanges and early extinguishment of debt           15,000,000        
Net Adjustments     (2,000,000)     (2,000,000)        
Book Value           403,000,000        
Redemption/Tender Value           418,000,000        
Senior Notes [Member] | Senior Notes due 2023, 6.875%                    
Total Debt [Abstract]                    
Debt, principal     12,000,000     12,000,000        
Net gain (loss) on exchanges and early extinguishment of debt           0        
Net Adjustments     0     0        
Book Value           12,000,000        
Redemption/Tender Value           12,000,000        
Senior Notes [Member] | FCX [Member]                    
Total Debt [Abstract]                    
Total debt     8,600,000,000     8,600,000,000       9,594,000,000
Debentures [Member] | Freeport McMoRan Corporation [Member]                    
Total Debt [Abstract]                    
Total debt     357,000,000     357,000,000       358,000,000
Other Debt, Including Capital Leases and Short Term Borrowings [Member]                    
Total Debt [Abstract]                    
Total debt     $ 137,000,000     $ 137,000,000       $ 166,000,000