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INCOME TAXES (Reconciliation of U.S. federal statutory rate to effective tax rate) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Amount      
U.S. federal statutory tax rate $ (64) $ (817) $ (1,016)
Valuation allowance (149) 129 28
PT-FI historical contested tax disputes (145) 0 0
Percentage depletion 118 141 227
Effect of foreign rates different than the U.S. federal statutory rate (64) (494) 17
Withholding and other impacts on foreign earnings (55) (232) (216)
Adjustment to deferred taxes (49) 0 0
Non-deductible permanent differences (47) (25) (31)
Uncertain tax positions (47) (7) (20)
U.S. tax reform 29 94 393
Foreign tax credit limitation (16) (195) (159)
State income taxes 16 7 (5)
Cerro Verde royalty disputef 2 (55) (129)
Change in PT-FI tax rates 0 504 0
Timok exploration project sale (15) 0 0
Other items, net (24) (41) 28
Provision for income taxes $ (510) $ (991) $ (883)
Percent      
U.S. federal statutory tax rate (21.00%) (21.00%) (35.00%)
Valuation allowance (49.00%) 3.00% 1.00%
PT-FI historical contested tax disputes (47.00%) 0.00% 0.00%
Percentage depletion 39.00% 4.00% 8.00%
Effect of foreign rates different than the U.S. federal statutory rate (21.00%) (13.00%) 1.00%
Withholding and other impacts on foreign earnings (18.00%) (6.00%) (7.00%)
Adjustment to deferred taxes (16.00%)    
Non-deductible permanent differences 15.00% 1.00% 1.00%
Uncertain tax positions (15.00%) 0.00% (1.00%)
U.S. tax reform 0.09 0.02 0.14
Foreign tax credit limitation (5.00%) (5.00%) (5.00%)
State income taxes 6.00% 1.00% (1.00%)
Cerro Verde royalty disputef 1.00% (1.00%) (5.00%)
Change in PT-FI tax rates   13.00%  
Timok exploration project sale (5.00%)    
Other items, net (9.00%) (1.00%) 1.00%
Provision for income taxes (166.00%) (25.00%) (30.00%)
Valuation allowances $ 4,576 $ 4,507