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DEBT (Tables)
 12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt Components The components of debt follow:
 
December 31,
 
2019
 
2018
Revolving credit facility
$
—

 
$
—

Cerro Verde credit facility
826

 
1,023

Senior notes and debentures:
 
 
 
Issued by FCX:
 
 
 
3.100% Senior Notes due 2020
—

 
999

4.00% Senior Notes due 2021
194

 
597

3.55% Senior Notes due 2022
1,876

 
1,886

6.875% Senior Notes due 2023
—

 
768

3.875% Senior Notes due 2023
1,917

 
1,915

4.55% Senior Notes due 2024
846

 
845

5.00% Senior Notes due 2027
592

 
—

5.25% Senior Notes due 2029
592

 
—

5.40% Senior Notes due 2034
741

 
741

5.450% Senior Notes due 2043
1,844

 
1,843

Issued by FMC:
 
 
 
71/8% Debentures due 2027
115

 
115

9½% Senior Notes due 2031
125

 
126

61/8% Senior Notes due 2034
117

 
117

Other
41

 
166

Total debt
9,826

 
11,141

Less current portion of debt
(5
)
 
(17
)
Long-term debt
$
9,821

 
$
11,124
Debt Instrument Redemption [Table Text Block] The senior notes listed below are redeemable in whole or in part, at the option of FCX, at a make-whole redemption price prior to the dates stated below, and beginning on the dates stated below at 100 percent of principal.
Debt Instrument
 
Date
3.55% Senior Notes due 2022
 
December 1, 2021
3.875% Senior Notes due 2023
 
December 15, 2022
4.55% Senior Notes due 2024
 
August 14, 2024
5.40% Senior Notes due 2034
 
May 14, 2034
5.450% Senior Notes due 2043
 
September 15, 2042
Schedule of Extinguishment of Debt During 2019, 2018 and 2017, FCX redeemed in full or purchased a portion of the following senior notes.
 
 
 
 
 
 
 
 
 
 
 
Principal Amount
 
Net Adjustments
 
Book Value
 
Redemption/Tender Value
 
Loss/(Gain)
Year Ended December 31, 2019
 
 
 
 
 
 
 
 
 
FCX 3.100% Senior Notes due 2020
$
1,000

 
$
(2
)
 
$
998

 
$
1,003

 
$
5

FCX 6.875% Senior Notes due 2023
728

 
34

 
762

 
768

 
6

FCX 4.00% Senior Notes due 2021
405

 
(2
)
 
403

 
418

 
15

FCX 3.55% Senior Notes due 2022
12

 
—

 
12

 
12

 
—

Total
$
2,145

 
$
30

 
$
2,175

 
$
2,201

 
$
26

Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
FCX 6.75% Senior Notes due 2022
$
404

 
$
22

 
$
426

 
$
418

 
$
(8
)
FM O&G LLC 67/8% Senior Notes due 2023
50

 
4

 
54

 
52

 
(2
)
Total
$
454

 
$
26

 
$
480

 
$
470

 
$
(10
)

Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
FCX 2.375% Senior Notes due 2018
$
74

 
$
—

 
$
74

 
$
74

 
$
—

FCX 6.125% Senior Notes due 2019
179

 
5

 
184

 
182

 
(2
)
FM O&G LLC 6.125% Senior Notes due 2019
58

 
2

 
60

 
59

 
(1
)
FCX 6½% Senior Notes due 2020
552

 
23

 
575

 
562

 
(13
)
FM O&G LLC 6½% Senior Notes due 2020
65

 
3

 
68

 
66

 
(2
)
FCX 6.625% Senior Notes due 2021
228

 
12

 
240

 
234

 
(6
)
FM O&G LLC 6.625% Senior Notes due 2021
33

 
2

 
35

 
34

 
(1
)
FM O&G LLC 6.750% Senior Notes due 2022
45

 
2

 
47

 
46

 
(1
)
Total
$
1,234

 
$
49

 
$
1,283

 
$
1,257

 
$
(26
)