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COMMITMENTS AND GUARANTEES Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
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,
20212020
Lease right-of-use assets (included in property, plant, equipment and mine development costs, net)
$277 $207 
Short-term lease liabilities (included in accounts payable and accrued liabilities)
$38 $38 
Long-term lease liabilities (included in other liabilities)281 
a
190 
Total lease liabilities
$319 $228 
a.Includes a land lease by PT-FI for the greenfield smelter totaling $126 million. This is FCX’s only significant finance lease.
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:
202120202019
Operating leases$42 $42 $55 
Variable and short-term leases62 74 79 
Total operating lease costs
$104 $116 $134 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The future minimum payments for leases presented in the consolidated balance sheet at December 31, 2021, follow:
2022$46 
202335 
202473 
202527 
202624 
Thereafter194 
Total payments399 
Less amount representing interest(80)
Present value of net minimum lease payments319 
Less current portion(38)
Long-term portion$281