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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Notes) | 12 Months Ended
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Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block] |
|  |  |  | Additions (Deductions) |  |  |  |
|  | Balance at |  | Charged to |  | Charged to |  | Other |  | Balance at
|  | Beginning of |  | Costs and |  | Other |  | (Deductions) |  | End of
|  | Year |  | Expense |  | Accounts |  | Additions |  | Year
Reserves and allowances deducted |  |  |  |  |  |  |  |  |  |
from asset accounts: |  |  |  |  |  |  |  |  |  |
Valuation allowance for deferred tax assets |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2022 |  | $ | 4,087 |  |  | $ | (87) |  | a | $ | (15) |  | b | $ | — |  |  | $ | 3,985 |
Year Ended December 31, 2021 |  | 4,732 |  |  | (596) |  | c | (49) |  | b | — |  |  | 4,087 |
Year Ended December 31, 2020 |  | 4,576 |  |  | 200 |  | d | (16) |  | b | (28) |  | e | 4,732 |
Reserves for non-income taxes: |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2022 |  | $ | 59 |  |  | $ | (32) |  |  | $ | — |  |  | $ | (3) |  | f | $ | 24 |
Year Ended December 31, 2021 |  | 82 |  |  | 18 |  |  | — |  |  | (41) |  | f | 59 |
Year Ended December 31, 2020 |  | 58 |  |  | 21 |  |  | (1) |  |  | 4 |  | f | 82 |
a.Primarily relates to $163 million of United States (U.S.) federal net operating losses (NOLs) utilized during 2022 and a $22 million decrease related to expirations of U.S. foreign tax credits, partially offset by an increase of $104 million, primarily associated with current year changes in U.S. federal temporary differences. b.Relates to a valuation allowance for tax benefits primarily associated with actuarial gains for U.S. defined benefit plans included in other comprehensive income. c.Primarily relates to decreases of $219 million associated with U.S. federal NOL carryforwards utilized during 2021, $105 million related to expiration of U.S. foreign tax credits and $228 million associated with PT Rio Tinto NOLs resulting from positive evidence supporting future taxable income against which NOLs can be used. d.Primarily relates to a $250 million increase in U.S. federal NOL carryforwards, partly offset by a $75 million decrease in U.S. foreign tax credits associated with expirations and an $11 million decrease in U.S. deferred tax assets for which no benefit is expected to be realized. e.Relates to sale of FCX’s interest in the Kisanfu undeveloped project. f.Represents amounts paid or adjustments to reserves based on revised estimates.

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24092-122690 + Details
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- References No definition available. + Details
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