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Business Segments (Segment Reporting) (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2022
USD ($)
segment
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting Information [Line Items]      
Number of Operating Segments | segment 4    
Revenues $ 6,603 $ 4,850  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (3,150) (2,787)  
Cost, Depreciation, Amortization and Depletion 489 419  
Selling, general and administrative expenses (115) (100)  
Mining exploration and research expenses 24 7  
Environmental obligations and shutdown costs 16 5  
Operating income 2,809 1,532  
Interest expense, net 127 145  
Provision for (benefit from) income taxes 824 443  
Total assets 48,832 43,643 $ 48,022
Capital expenditures $ 723 370  
Business Segment BUSINESS SEGMENTS
FCX has organized its mining operations into four primary divisions – North America copper mines, South America mining, Indonesia mining and Molybdenum mines – and operating segments that meet certain thresholds are reportable segments. Separately disclosed in the following tables are FCX’s reportable segments, which include the Morenci and Cerro Verde copper mines, the Grasberg minerals district (Indonesia Mining), the Rod & Refining operations and Atlantic Copper Smelting & Refining.

Intersegment sales between FCX’s business segments are based on terms similar to arms-length transactions with third parties at the time of the sale. Intersegment sales may not be reflective of the actual prices ultimately realized because of a variety of factors, including additional processing, timing of sales to unaffiliated customers and transportation premiums.

FCX defers recognizing profits on sales from its mines to other segments, including Atlantic Copper Smelting & Refining, and on 39.5 percent of PT-FI’s sales to PT Smelting, until final sales to third parties occur. Quarterly variations in ore grades, the timing of intercompany shipments and changes in product prices result in variability in FCX’s net deferred profits and quarterly earnings.

FCX allocates certain operating costs, expenses and capital expenditures to its operating divisions and individual segments. However, not all costs and expenses applicable to an operation are allocated. U.S. federal and state income taxes are recorded and managed at the corporate level (included in Corporate, Other & Eliminations), whereas foreign income taxes are recorded and managed at the applicable country level. In addition, most mining exploration and research activities are managed on a consolidated basis, and those costs, along with some selling, general and administrative costs, are not allocated to the operating divisions or individual segments. Accordingly, the following Financial Information by Business Segment reflects management determinations that may not be indicative of what the actual financial performance of each operating division or segment would be if it was an independent entity.
Product Revenues. FCX’s revenues attributable to the products it sold for the first quarters of 2022 and 2021 follow (in millions):

Three Months Ended
March 31,
 20222021
Copper:
Concentrate$2,691 $1,709 
Cathode1,435 1,234 
Rod and other refined copper products1,116 684 
Purchased coppera
70 218 
Gold811 518 
Molybdenum378 244 
Other188 253 
Adjustments to revenues:
Treatment charges(133)(97)
Royalty expenseb
(95)(63)
Export dutiesc
(98)(29)
Revenues from contracts with customers6,363 4,671 
Embedded derivativesd
240 179 
Total consolidated revenues$6,603 $4,850 
a.FCX purchases copper cathode primarily for processing by its Rod & Refining operations.
b.Reflects royalties on sales from PT-FI and Cerro Verde that will vary with the volume of metal sold and prices.
c.Reflects PT-FI export duties, including a first-quarter 2022 charge of $18 million associated with an adjustment to prior-period export duties.
d.Refer to Note 6 for discussion of embedded derivatives related to FCX’s provisionally priced concentrate and cathode sales contracts.
    
PT Smelting      
Segment Reporting Information [Line Items]      
Deferred Intercompany Profit, Percentage 39.50%    
Operating Segments | North America      
Segment Reporting Information [Line Items]      
Revenues $ 145 32  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (1,018) (749)  
Cost, Depreciation, Amortization and Depletion 105 80  
Selling, general and administrative expenses (1) (1)  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 827 508  
Interest expense, net 0 0  
Provision for (benefit from) income taxes 0 0  
Total assets 8,057 7,912  
Capital expenditures 130 26  
Operating Segments | South America      
Segment Reporting Information [Line Items]      
Revenues 1,266 1,092  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (670) (539)  
Cost, Depreciation, Amortization and Depletion 97 101  
Selling, general and administrative expenses (2) (2)  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 605 495  
Interest expense, net 3 13  
Provision for (benefit from) income taxes 241 194  
Total assets 10,603 10,461  
Capital expenditures 56 21  
Corporate And Eliminations      
Segment Reporting Information [Line Items]      
Revenues 405 347  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) 1,715 1,003  
Cost, Depreciation, Amortization and Depletion 16 16  
Selling, general and administrative expenses (77) (64)  
Mining exploration and research expenses 24 7  
Environmental obligations and shutdown costs 16 5  
Operating income (142) (222)  
Interest expense, net 120 130  
Provision for (benefit from) income taxes (3) (66)  
Total assets 7,788 5,012  
Capital expenditures 144 25  
Intersegment      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Intersegment | North America      
Segment Reporting Information [Line Items]      
Revenues 1,806 1,306  
Intersegment | South America      
Segment Reporting Information [Line Items]      
Revenues 108 45  
PT Smelting | Affiliated Entity [Member]      
Segment Reporting Information [Line Items]      
Revenues 917 792  
Morenci | Operating Segments | North America      
Segment Reporting Information [Line Items]      
Revenues 90 4  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (363) (269)  
Cost, Depreciation, Amortization and Depletion 44 34  
Selling, general and administrative expenses 0 0  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 394 265  
Interest expense, net 0 0  
Provision for (benefit from) income taxes 0 0  
Total assets 2,773 2,629  
Capital expenditures 73 10  
Morenci | Intersegment | North America      
Segment Reporting Information [Line Items]      
Revenues 711 564  
Other Individually Immaterial Operating Segments | Operating Segments | North America      
Segment Reporting Information [Line Items]      
Revenues 55 28  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (655) (480)  
Cost, Depreciation, Amortization and Depletion 61 46  
Selling, general and administrative expenses (1) (1)  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 433 243  
Interest expense, net 0 0  
Provision for (benefit from) income taxes 0 0  
Total assets 5,284 5,283  
Capital expenditures 57 16  
Other Individually Immaterial Operating Segments | Operating Segments | South America      
Segment Reporting Information [Line Items]      
Revenues 160 175  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (112) (103)  
Cost, Depreciation, Amortization and Depletion 10 12  
Selling, general and administrative expenses 0 0  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 38 60  
Interest expense, net 0 0  
Provision for (benefit from) income taxes 14 21  
Total assets 1,925 1,738  
Capital expenditures 23 1  
Other Individually Immaterial Operating Segments | Intersegment | North America      
Segment Reporting Information [Line Items]      
Revenues 1,095 742  
Other Individually Immaterial Operating Segments | Intersegment | South America      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Cerro Verde | Operating Segments | South America      
Segment Reporting Information [Line Items]      
Revenues 1,106 917  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (558) (436)  
Cost, Depreciation, Amortization and Depletion 87 89  
Selling, general and administrative expenses (2) (2)  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 567 435  
Interest expense, net 3 13  
Provision for (benefit from) income taxes 227 173  
Total assets 8,678 8,723  
Capital expenditures 33 20  
Cerro Verde | Intersegment | South America      
Segment Reporting Information [Line Items]      
Revenues 108 45  
Grasberg Segment      
Segment Reporting Information [Line Items]      
Capital expenditures 379 290  
Grasberg Segment | Operating Segments | Indonesia      
Segment Reporting Information [Line Items]      
Revenues 2,326 1,383  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (626) (455)  
Cost, Depreciation, Amortization and Depletion 248 199  
Selling, general and administrative expenses (27) (26)  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 1,503 755  
Interest expense, net 2 1  
Provision for (benefit from) income taxes 586 315  
Total assets 19,338 17,273  
Capital expenditures 379 290  
Grasberg Segment | Intersegment | Indonesia      
Segment Reporting Information [Line Items]      
Revenues 78 52  
Molybdenum      
Segment Reporting Information [Line Items]      
Capital expenditures 1 1  
Molybdenum | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (75) (58)  
Cost, Depreciation, Amortization and Depletion 16 15  
Selling, general and administrative expenses 0 0  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income 37 (3)  
Interest expense, net 0 0  
Provision for (benefit from) income taxes 0 0  
Total assets 1,702 1,753  
Capital expenditures 1 1  
Molybdenum | Intersegment      
Segment Reporting Information [Line Items]      
Revenues 128 70  
Rod and Refining Segment | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 1,743 1,309  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (1,754) (1,316)  
Cost, Depreciation, Amortization and Depletion 1 1  
Selling, general and administrative expenses 0 0  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income (3) (1)  
Interest expense, net 0 0  
Provision for (benefit from) income taxes 0 0  
Total assets 299 235  
Capital expenditures 2 1  
Rod and Refining Segment | Intersegment      
Segment Reporting Information [Line Items]      
Revenues 9 7  
Atlantic Copper Smelting and Refining Segment | Operating Segments      
Segment Reporting Information [Line Items]      
Revenues 718 687  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (722) (673)  
Cost, Depreciation, Amortization and Depletion 6 7  
Selling, general and administrative expenses (8) (7)  
Mining exploration and research expenses 0 0  
Environmental obligations and shutdown costs 0 0  
Operating income (18) 0  
Interest expense, net 2 1  
Provision for (benefit from) income taxes 0 0  
Total assets 1,045 997  
Capital expenditures 11 6  
Atlantic Copper Smelting and Refining Segment | Intersegment      
Segment Reporting Information [Line Items]      
Revenues 0 0  
Corporate And Eliminations | Intersegment      
Segment Reporting Information [Line Items]      
Revenues (2,129) (1,480)  
Miami smelter | Corporate And Eliminations      
Segment Reporting Information [Line Items]      
Cost, Maintenance   68  
Indonesia Smelter      
Segment Reporting Information [Line Items]      
Capital expenditures $ 130 $ 20