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Debt and Equity (Tables) | 9 Months Ended
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Sep. 30, 2019
Debt Instrument [Line Items] |
Schedule of Debt | The components of debt follow (in millions):
|  | September 30, 2019 |  | December 31, 2018
Senior notes and debentures: |  |  |  |
Issued by FCX |  | $ | 8,600 |  |  | $ | 9,594 |
Issued by Freeport Minerals Corporation (FMC) |  | 357 |  |  | 358 |
Cerro Verde credit facility |  | 825 |  |  | 1,023 |
Other |  | 137 |  |  | 166 |
Total debt |  | 9,919 |  |  | 11,141 |
Less current portion of debt |  | (4 | ) |  | (17 | )
Long-term debt |  | $ | 9,915 |  |  | $ | 11,124 |
Schedule of Long-term Debt Instruments [Table Text Block] | FCX recorded a loss on early extinguishment of debt totaling $21 million in third-quarter 2019 as follows (in millions):
| Principal Amount |  | Net Adjustments |  | Book Value |  | Redemption/Tender Value |  | Loss
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 |  |  | — |
| $ | 1,145 |  |  | $ | 32 |  |  | $ | 1,177 |  |  | $ | 1,198 |  |  | $ | 21 |

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