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Debt and Equity (Tables) | 6 Months Ended
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Jun. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | The components of debt follow (in millions):
|  | June 30, 2022 |  | December 31, 2021
Senior notes and debentures: |  |  |  |
Issued by FCX |  | $ | 7,697 |  |  | $ | 8,268 |
Issued by PT-FI |  | 2,976 |  |  | — |
Issued by Freeport Minerals Corporation |  | 355 |  |  | 355 |
PT-FI Term Loan |  | — |  |  | 432 |
Cerro Verde Term Loan |  | — |  |  | 325 |
Other |  | 64 |  |  | 70 |
Total debt |  | 11,092 |  |  | 9,450 |
Less current portion of debt |  | (1,038) |  |  | (372) |
Long-term debt |  | $ | 10,054 |  |  | $ | 9,078 |
Schedule of Extinguishment of Debt | A summary of these debt extinguishments follows:
| Principal Amount |  | Discounts/Deferred Issuance Costs |  | Book Value |  | Redemption Value |  | Gain/(Loss)
5.00% Senior Note due 2027 | $ | 85 |  |  | $ | 1 |  |  | $ | 84 |  |  | $ | 85 |  |  | $ | (1) |
4.125% Senior Note due 2028 | 90 |  |  | 1 |  |  | 89 |  |  | 85 |  |  | 4 |
4.375% Senior Note due 2028 | 106 |  |  | 1 |  |  | 105 |  |  | 102 |  |  | 3 |
5.25% Senior Note due 2029 | 85 |  |  | 1 |  |  | 84 |  |  | 82 |  |  | 2 |
4.25% Senior Note due 2030 | 17 |  |  | — |  |  | 17 |  |  | 16 |  |  | 1 |
4.625% Senior Note due 2030 | 66 |  |  | 1 |  |  | 65 |  |  | 62 |  |  | 3 |
5.40% Senior Note due 2034 | 15 |  |  | — |  |  | 15 |  |  | 15 |  |  | — |
5.450% Senior Note due 2043 | 118 |  |  | 1 |  |  | 117 |  |  | 111 |  |  | 6 |
| $ | 582 |  |  | $ | 6 |  |  | $ | 576 |  |  | $ | 558 |  |  | $ | 18 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of debt extinguished which may include, amount of gain (loss), the income tax effect and the per share amount of the aggregate gain (loss), net of the related income tax. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631 + Details
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