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Debt and Equity (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Instrument [Line Items]  
Schedule of Debt

The components of debt follow (in millions):
 
 
March 31,
2020
 
December 31, 2019
Senior notes and debentures:
 
 
 
 
Issued by FCX
 
$
8,773

 
$
8,602

Issued by Freeport Minerals Corporation (FMC)
 
357

 
357

Cerro Verde credit facility
 
826

 
826

Other
 
118

 
41

Total debt
 
10,074

 
9,826

Less current portion of debt
 
(245
)
 
(5
)
Long-term debt
 
$
9,829

 
$
9,821
Schedule of Long-term Debt Instruments [Table Text Block] FCX recorded a loss on early extinguishment of debt totaling $32 million in first-quarter 2020 as follows (in millions):
 
 
 
 
 
 
 
 
 
 
 
Principal Amount
 
Net Adjustments
 
Book Value
 
Tender Value
 
Loss
FCX 4.00% Senior Notes due 2021
$
40

 
$
—

 
$
40

 
$
42

 
$
2

FCX 3.55% Senior Notes due 2022
1,075

 
5

 
1,070

 
1,100

 
30

 
$
1,115

 
$
5

 
$
1,110

 
$
1,142

 
$
32