COMMITMENTS AND GUARANTEES Leases (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, follow:

2021	$	50
2022	41
2023	36
2024	34
2025	29
Thereafter	97
Total payments	287
Less amount representing interest	(59)
Present value of net minimum lease payments	228
Less current portion	(38)
Long-term portion	$	190

Assets And Liabilities, Lessee [Table Text Block]

The components of FCX’s leases presented in the consolidated balance sheet for the years ended December 31 follow:

	December 31,
	2020		2019
Lease right-of-use assets (included in property, plant, equipment and mine development costs, net)	$	207	$	232
Short-term lease liabilities (included in accounts payable and accrued liabilities)	$	38	$	44
Long-term lease liabilities (included in other liabilities)	190		204
Total lease liabilities	$	228	$	248

Lease, Cost [Table Text Block]

Operating lease costs, primarily included in production and delivery expense in the consolidated statement of operations, for the two years ended December 31 follow:

	2020		2019
Operating leases	$	42	$	55
Variable and short-term leases	74		$	79
Total operating lease costs	$	116	$	134