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Debt and Equity (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | The components of debt follow (in millions):
|  | September 30, 2023 |  | December 31, 2022
Senior notes and debentures: |  |  |  |
Issued by FCX |  | $ | 6,004 |  |  | $ | 7,225 |
Issued by PT-FI |  | 2,980 |  |  | 2,978 |
Issued by Freeport Minerals Corporation |  | 354 |  |  | 355 |
Other |  | 67 |  |  | 62 |
Total debt |  | 9,405 |  |  | 10,620 |
Less current portion of debt |  | (35) |  |  | (1,037) |
Long-term debt |  | $ | 9,370 |  |  | $ | 9,583 |
Schedule of Extinguishment of Debt | A summary of the senior note purchases and related gains on debt extinguishments for the first nine months of 2023 follows (in millions):
| Principal Amount |  | Discounts/Deferred Issuance Costs |  | Book Value |  | Redemption Value |  | Gain
5.00% Senior Notes due 2027 | $ | 17 |  |  | $ | — |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | — |
4.125% Senior Notes due 2028 | 61 |  |  | — |  |  | 61 |  |  | 58 |  |  | 3 |
4.375% Senior Notes due 2028 | 46 |  |  | 1 |  |  | 45 |  |  | 43 |  |  | 2 |
5.25% Senior Notes due 2029 | 31 |  |  | — |  |  | 31 |  |  | 31 |  |  | — |
4.25% Senior Notes due 2030 | 50 |  |  | 1 |  |  | 49 |  |  | 46 |  |  | 3 |
4.625% Senior Notes due 2030 | 28 |  |  | — |  |  | 28 |  |  | 26 |  |  | 2 |
| $ | 233 |  |  | $ | 2 |  |  | $ | 231 |  |  | $ | 221 |  |  | $ | 10 |

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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 https://asc.fasb.org/extlink&oid=7516071&loc=d3e13374-112631 + Details
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