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Business Segments (Segment Reporting) (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023 | Sep. 01, 2024 | Aug. 31, 2024 | Dec. 31, 2023
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | $ 6,790 | $ 5,824 | $ 19,735 | $ 16,950 |  |  |
Production and delivery | 4,077 | 3,553 | 11,796 | 10,267 |  |  |
Depreciation, depletion and amortization (DD&A) | 600 | 533 | 1,704 | 1,479 |  |  |
Selling, general and administrative expenses | 117 | 118 | 384 | 359 |  |  |
Exploration and research expenses | 38 | 30 | 115 | 103 |  |  |
Environmental obligations and shutdown costs | 20 | 98 | 115 | 239 |  |  |
Operating income | 1,938 | 1,492 | 5,621 | 4,503 |  |  |
Interest expense, net | 72 | 96 | 249 | 418 |  |  |
Net gain on early extinguishment of debt | 0 | 5 | 0 | 10 |  |  |
Other Nonoperating Income (Expense) | 97 | 71 | 295 | 183 |  |  |
Provision for (benefit from) income taxes | 737 | 508 | 2,003 | 1,546 |  |  |
Equity in affiliated companies’ net earnings | 10 | 0 | 14 | 12 |  |  |
Net income (loss) attributable to noncontrolling interests | 710 | 510 | 2,063 | 1,284 |  |  |
Total assets | 55,400 | 51,648 | 55,400 | 51,648 |  |  | $ 52,506
Capital expenditures | 1,199 | 1,178 | 3,569 | 3,462 |  |  |
Cerro Verde |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Investment owned, percent |  |  |  |  | 55.08% | 53.56% |
PT Freeport Indonesia |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Provision for (benefit from) income taxes | 182 |  |  |  |  |  |
Operating Segments | North America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 52 | 39 | 152 | 208 |  |  |
Production and delivery | 1,303 | 1,279 | 3,678 | 3,608 |  |  |
Depreciation, depletion and amortization (DD&A) | 109 | 110 | 327 | 312 |  |  |
Selling, general and administrative expenses | 1 | 1 | 3 | 3 |  |  |
Exploration and research expenses | 8 | 6 | 34 | 43 |  |  |
Environmental obligations and shutdown costs | 0 | 4 | 0 | 26 |  |  |
Operating income | 170 | 257 | 587 | 925 |  |  |
Interest expense, net | 0 | 1 | 1 | 1 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | 9 | (11) | 8 | (12) |  |  |
Provision for (benefit from) income taxes | 0 | 0 | 0 | 0 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | 0 |  |  |
Total assets | 9,819 | 8,970 | 9,819 | 8,970 |  |  |
Capital expenditures | 263 | 167 | 743 | 545 |  |  |
Operating Segments | South America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 1,123 | 1,025 | 3,486 | 3,190 |  |  |
Production and delivery | 817 | 827 | 2,450 | 2,417 |  |  |
Depreciation, depletion and amortization (DD&A) | 110 | 111 | 332 | 350 |  |  |
Selling, general and administrative expenses | 2 | 3 | 6 | 7 |  |  |
Exploration and research expenses | 2 | 2 | 11 | 8 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | 385 | 301 | 1,164 | 1,046 |  |  |
Interest expense, net | 6 | (10) | 16 | 74 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | 20 | 4 | 49 | (25) |  |  |
Provision for (benefit from) income taxes | 158 | 131 | 475 | 438 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 126 | 98 | 380 | 276 |  |  |
Total assets | 10,289 | 10,120 | 10,289 | 10,120 |  |  |
Capital expenditures | 100 | 76 | 272 | 259 |  |  |
Corporate And Eliminations |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 440 | 472 | 1,336 | 1,547 |  |  |
Production and delivery | (1,417) | (1,591) | (4,180) | (4,647) |  |  |
Depreciation, depletion and amortization (DD&A) | 14 | 18 | 47 | 50 |  |  |
Selling, general and administrative expenses | 76 | 76 | 261 | 238 |  |  |
Exploration and research expenses | 26 | 22 | 62 | 52 |  |  |
Environmental obligations and shutdown costs | 20 | 94 | 115 | 213 |  |  |
Operating income | (286) | (216) | (764) | (705) |  |  |
Interest expense, net | 46 | 88 | 187 | 293 |  |  |
Net gain on early extinguishment of debt |  | 5 |  | 10 |  |  |
Other Nonoperating Income (Expense) | 34 | 43 | 128 | 132 |  |  |
Provision for (benefit from) income taxes | (47) | (42) | 15 | (51) |  |  |
Equity in affiliated companies’ net earnings | 4 | 2 | 7 | 3 |  |  |
Net income (loss) attributable to noncontrolling interests | (17) | 20 | 19 | (23) |  |  |
Total assets | 4,078 | 4,909 | 4,078 | 4,909 |  |  |
Capital expenditures | 63 | 38 | 152 | 96 |  |  |
Intersegment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 0 | 0 | 0 | 0 |  |  |
Intersegment | North America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 1,539 | 1,618 | 4,477 | 4,709 |  |  |
Intersegment | South America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 193 | 219 | 477 | 638 |  |  |
Morenci | Operating Segments | North America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 40 | 17 | 90 | 75 |  |  |
Production and delivery | 492 | 480 | 1,389 | 1,284 |  |  |
Depreciation, depletion and amortization (DD&A) | 47 | 47 | 140 | 132 |  |  |
Selling, general and administrative expenses | 0 | 0 | 1 | 1 |  |  |
Exploration and research expenses | 4 | 2 | 13 | 8 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | 50 | 112 | 227 | 437 |  |  |
Interest expense, net | 0 | 0 | 0 | 0 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | (1) | (2) | (1) | (4) |  |  |
Provision for (benefit from) income taxes | 0 | 0 | 0 | 0 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | 0 |  |  |
Total assets | 3,172 | 3,171 | 3,172 | 3,171 |  |  |
Capital expenditures | 48 | 53 | 139 | 176 |  |  |
Morenci | Intersegment | North America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 553 | 624 | 1,680 | 1,787 |  |  |
Other Individually Immaterial Operating Segments | Operating Segments | North America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 12 | 22 | 62 | 133 |  |  |
Production and delivery | 811 | 799 | 2,289 | 2,324 |  |  |
Depreciation, depletion and amortization (DD&A) | 62 | 63 | 187 | 180 |  |  |
Selling, general and administrative expenses | 1 | 1 | 2 | 2 |  |  |
Exploration and research expenses | 4 | 4 | 21 | 35 |  |  |
Environmental obligations and shutdown costs | 0 | 4 | 0 | 26 |  |  |
Operating income | 120 | 145 | 360 | 488 |  |  |
Interest expense, net | 0 | 1 | 1 | 1 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | 10 | (9) | 9 | (8) |  |  |
Provision for (benefit from) income taxes | 0 | 0 | 0 | 0 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | 0 |  |  |
Total assets | 6,647 | 5,799 | 6,647 | 5,799 |  |  |
Capital expenditures | 215 | 114 | 604 | 369 |  |  |
Other Individually Immaterial Operating Segments | Operating Segments | South America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 237 | 203 | 699 | 627 |  |  |
Production and delivery | 187 | 178 | 538 | 539 |  |  |
Depreciation, depletion and amortization (DD&A) | 18 | 17 | 51 | 48 |  |  |
Selling, general and administrative expenses | 0 | 0 | 0 | 0 |  |  |
Exploration and research expenses | (1) | 0 | 2 | 2 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | 33 | 8 | 108 | 38 |  |  |
Interest expense, net | 0 | 0 | 0 | 0 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | (2) | 13 | 11 | 11 |  |  |
Provision for (benefit from) income taxes | 10 | 12 | 45 | 19 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 12 | 14 | 48 | 34 |  |  |
Total assets | 2,013 | 1,893 | 2,013 | 1,893 |  |  |
Capital expenditures | 18 | 15 | 63 | 80 |  |  |
Other Individually Immaterial Operating Segments | Intersegment | North America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 986 | 994 | 2,797 | 2,922 |  |  |
Other Individually Immaterial Operating Segments | Intersegment | South America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 0 | 0 | 0 | 0 |  |  |
Cerro Verde | Cerro Verde |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Interest expense, net |  | (13) |  | (13) |  |  |
Cerro Verde | Peruvian Supreme Court |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Interest expense, net |  |  |  | (74) |  |  |
Cerro Verde | Operating Segments | South America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 886 | 822 | 2,787 | 2,563 |  |  |
Production and delivery | 630 | 649 | 1,912 | 1,878 |  |  |
Depreciation, depletion and amortization (DD&A) | 92 | 94 | 281 | 302 |  |  |
Selling, general and administrative expenses | 2 | 3 | 6 | 7 |  |  |
Exploration and research expenses | 3 | 2 | 9 | 6 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | 352 | 293 | 1,056 | 1,008 |  |  |
Interest expense, net | 6 | (10) | 16 | 74 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | 22 | (9) | 38 | (36) |  |  |
Provision for (benefit from) income taxes | 148 | 119 | 430 | 419 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 114 | 84 | 332 | 242 |  |  |
Total assets | 8,276 | 8,227 | 8,276 | 8,227 |  |  |
Capital expenditures | 82 | 61 | 209 | 179 |  |  |
Labor-related charges | 34 |  | 99 |  |  |  |
Cerro Verde | Intersegment | South America |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 193 | 219 | 477 | 638 |  |  |
Grasberg Segment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Capital expenditures |  |  | 1,198 | 1,209 |  |  |
Grasberg Segment | Operating Segments | Indonesia |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 2,856 | 2,030 | 7,689 | 5,268 |  |  |
Production and delivery | 918 | 672 | 2,451 | 1,871 |  |  |
Depreciation, depletion and amortization (DD&A) | 340 | 271 | 923 | 694 |  |  |
Selling, general and administrative expenses | 32 | 32 | 93 | 90 |  |  |
Exploration and research expenses | 2 | 0 | 8 | 0 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | 1,690 | 1,120 | 4,600 | 3,045 |  |  |
Interest expense, net | 10 | 9 | 17 | 28 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | 42 | 30 | 110 | 90 |  |  |
Provision for (benefit from) income taxes | 625 | 419 | 1,524 | 1,159 |  |  |
Equity in affiliated companies’ net earnings | 6 | (2) | 7 | 9 |  |  |
Net income (loss) attributable to noncontrolling interests | 601 | 392 | 1,664 | 1,031 |  |  |
Total assets | 27,474 | 24,438 | 27,474 | 24,438 |  |  |
Capital expenditures | 713 | 854 | 2,203 | 2,467 |  |  |
Administrative fine |  | 55 |  | 55 |  |  |
Grasberg Segment | Intersegment | Indonesia |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 126 | 65 | 386 | 432 |  |  |
Molybdenum |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Capital expenditures |  |  | 88 | 43 |  |  |
Molybdenum | Operating Segments |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 0 | 0 | 0 | 0 |  |  |
Production and delivery | 140 | 120 | 393 | 321 |  |  |
Depreciation, depletion and amortization (DD&A) | 19 | 14 | 51 | 48 |  |  |
Selling, general and administrative expenses | 0 | 0 | 0 | 0 |  |  |
Exploration and research expenses | 0 | 0 | 0 | 0 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | (27) | 13 | (29) | 151 |  |  |
Interest expense, net | 0 | 0 | 0 | 0 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | 0 | 0 | 0 | (1) |  |  |
Provision for (benefit from) income taxes | 0 | 0 | 0 | 0 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | 0 |  |  |
Total assets | 1,955 | 1,747 | 1,955 | 1,747 |  |  |
Capital expenditures | 25 | 21 | 88 | 43 |  |  |
Molybdenum | Intersegment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 132 | 147 | 415 | 520 |  |  |
Rod and Refining Segment | Operating Segments |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 1,560 | 1,566 | 4,742 | 4,552 |  |  |
Production and delivery | 1,562 | 1,566 | 4,741 | 4,558 |  |  |
Depreciation, depletion and amortization (DD&A) | 2 | 2 | 4 | 4 |  |  |
Selling, general and administrative expenses | 0 | 0 | 0 | 0 |  |  |
Exploration and research expenses | 0 | 0 | 0 | 0 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | 7 | 10 | 29 | 18 |  |  |
Interest expense, net | 0 | 0 | 0 | 0 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | (1) | 0 | (1) | (1) |  |  |
Provision for (benefit from) income taxes | 0 | 0 | 0 | 0 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | 0 |  |  |
Total assets | 294 | 288 | 294 | 288 |  |  |
Capital expenditures | 7 | 2 | 23 | 9 |  |  |
Rod and Refining Segment | Intersegment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 11 | 12 | 32 | 28 |  |  |
Atlantic Copper Smelting and Refining Segment | Operating Segments |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 759 | 692 | 2,330 | 2,185 |  |  |
Production and delivery | 754 | 680 | 2,263 | 2,139 |  |  |
Depreciation, depletion and amortization (DD&A) | 6 | 7 | 20 | 21 |  |  |
Selling, general and administrative expenses | 6 | 6 | 21 | 21 |  |  |
Exploration and research expenses | 0 | 0 | 0 | 0 |  |  |
Environmental obligations and shutdown costs | 0 | 0 | 0 | 0 |  |  |
Operating income | (1) | 7 | 34 | 23 |  |  |
Interest expense, net | 10 | 8 | 28 | 22 |  |  |
Net gain on early extinguishment of debt |  | 0 |  | 0 |  |  |
Other Nonoperating Income (Expense) | (7) | 5 | 1 | 0 |  |  |
Provision for (benefit from) income taxes | 1 | 0 | (11) | 0 |  |  |
Equity in affiliated companies’ net earnings | 0 | 0 | 0 | 0 |  |  |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | 0 |  |  |
Total assets | 1,491 | 1,176 | 1,491 | 1,176 |  |  |
Capital expenditures | 28 | 20 | 88 | 43 |  |  |
Atlantic Copper Smelting and Refining Segment | Intersegment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | 6 | 8 | 8 | 19 |  |  |
Corporate And Eliminations | Intersegment |  |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |  |
Revenues | $ (2,007) | $ (2,069) | $ (5,795) | $ (6,346) |  |  |

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