XML 192 R80.htm IDEA: XBRL DOCUMENT v3.22.0.1
INCOME TAXES (Reconciliation of U.S. federal statutory rate to effective tax rate) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Amount      
U.S. federal statutory tax rate $ (1,608) $ (377) $ (64)
Valuation allowance 221 (210) (149)
PT-FI historical tax disputesb (193) (8) (145)
Percentage depletion 221 104 118
Effect of foreign rates different than the U.S. federal statutory rate (328) (109) (64)
Withholding and other impacts on foreign earnings (678) (193) (55)
Adjustment to deferred taxes 0 0 (49)
Non-deductible permanent differences 0 0 (47)
Uncertain tax positions 13 (15) (47)
U.S. tax reform 0 0 29
Foreign tax credit limitation (11) 28 (16)
State income taxes (14) (2) 16
Cerro Verde historical tax disputese 0 (39) 2
Timok exploration project sale 0 53 (15)
Sale of Kisanfu 0 (135) 0
Other items, net (111) (41) (24)
Provision for income taxes $ (2,299) $ (944) $ (510)
Percent      
U.S. federal statutory tax rate (21.00%) (21.00%) (21.00%)
Valuation allowance 3.00% (12.00%) (49.00%)
PT-FI historical tax disputesb (3.00%) 0.00% (47.00%)
Percentage depletion 3.00% 6.00% 39.00%
Effect of foreign rates different than the U.S. federal statutory rate (4.00%) (6.00%) (21.00%)
Withholding and other impacts on foreign earnings (9.00%) (11.00%) (18.00%)
Adjustment to deferred taxes     (16.00%)
Non-deductible permanent differences     (15.00%)
Uncertain tax positions   (1.00%) (15.00%)
U.S. tax reform     0.09
Foreign tax credit limitation   2.00% (5.00%)
State income taxes     6.00%
Cerro Verde historical tax disputese   (2.00%) 1.00%
Timok exploration project sale   3.00% (5.00%)
Sale of Kisanfu   (8.00%)  
Other items, net (1.00%) (3.00%) (9.00%)
Provision for income taxes (30.00%) (53.00%) (166.00%)
Reserve for Taxes, Other than Income Taxes      
Schedule Of Income Taxes [Line Items]      
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit)     $ 29
PT Rio Tinto      
Amount      
Valuation allowance $ 189 $ 0 $ 0
Percent      
Valuation allowance 2.00% 0.00% 0.00%