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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flow from operating activities:    
Net income $ 4,007 $ 7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,430 1,093
Metals inventory adjustments 15 92
Gain (Loss) on Disposition of Assets 63 (13)
Stock-based compensation 79 60
Net charges for environmental and asset retirement obligations, including accretion 131 166
Payments for environmental and asset retirement obligations (184) (162)
Net charges for defined pension and postretirement plans 3 59
Pension plan contributions (75) (30)
Net loss on early extinguishment of debt 0 100
Deferred income taxes 96 119
Other, net 39 (53)
Changes in working capital and other:    
Accounts receivable (218) 132
Inventories (310) 59
Other current assets (77) (17)
Accounts payable and accrued liabilities 123 40
Accrued income taxes and timing of other tax payments 849 105
Net cash provided by operating activities 5,435 1,690
Cash flow from investing activities:    
Capital expenditures (1,344) (1,573)
Proceeds from Sale of Other Assets, Investing Activities   0
Proceeds from Sale of Productive Assets 21 146
Acquisition of minority interest in PT Smelting (33) 0
Other, net (25) (6)
Net cash used in investing activities (1,231) (1,433)
Cash flow from financing activities:    
Proceeds from debt 633 3,236
Repayments of debt (672) (3,105)
Cash dividends and distributions paid:    
Common stock (220) (73)
Noncontrolling interests (187) 0
Contributions from noncontrolling interests 135 115
Proceeds from exercised stock options 189 3
Payments for withholding of employee taxes related to stock-based awards (19) (5)
Payments of Financing Costs (47) (51)
Net cash (used in) provided by financing activities (188) 120
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 4,016 377
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 3,903 2,278
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 7,919 2,655
Freeport Cobalt    
Cash flow from investing activities:    
Proceeds from Sale of Other Assets, Investing Activities 150  
North America Copper Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (211) (398)
South America Mines Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (94) (156)
Grasberg Segment [Member]    
Cash flow from investing activities:    
Capital expenditures (904) (865)
Indonesia Smelter    
Cash flow from investing activities:    
Capital expenditures (79) (94)
Molybdenum    
Cash flow from investing activities:    
Capital expenditures (4) (14)
Other Segments [Member]    
Cash flow from investing activities:    
Capital expenditures (52) (46)
Cerro Verde Royalty Dispute    
Adjustments to reconcile net income to net cash provided by operating activities:    
Charges for Cerro Verde royalty dispute 11 26
Payments for Cerro Verde royalty dispute $ (421) $ (119)