COMMITMENTS AND GUARANTEES Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

The future minimum payments for leases presented in the consolidated balance sheet at December 31, 2019, follow:

2020	$	57
2021	43
2022	36
2023	31
2024	29
Thereafter	121
Total payments	317
Less amount representing interest	(69		)
Present value of net minimum lease payments	248
Less current portion	(44		)
Long-term portion	$	204

Assets And Liabilities, Lessee [Table Text Block]

The components of FCX’s leases presented in the consolidated balance sheet as of December 31, 2019, follow:

Lease right-of-use assets (included in property, plant, equipment and mine development costs, net)	$	232
Short-term lease liabilities (included in accounts payable and accrued liabilities)	$	44
Long-term lease liabilities (included in other liabilities)	204
Total lease liabilities	$	248

Lease, Cost [Table Text Block]

Operating lease costs for the year ended December 31, 2019, primarily included in production and delivery expense in the consolidated statement of operations, are as follows:

Operating leases	$	55
Variable and short-term leases	79
Total operating lease costs	$	134