Debt and Equity (Tables)

6 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The components of debt follow (in millions):

	June 30, 2022		December 31, 2021
Senior notes and debentures:
Issued by FCX	$	7,697	$	8,268
Issued by PT-FI	2,976		—
Issued by Freeport Minerals Corporation	355		355
PT-FI Term Loan	—		432
Cerro Verde Term Loan	—		325
Other	64		70
Total debt	11,092		9,450
Less current portion of debt	(1,038)		(372)
Long-term debt	$	10,054	$	9,078

Schedule of Extinguishment of Debt

A summary of these debt extinguishments follows:

	Principal Amount		Discounts/Deferred Issuance Costs		Book Value		Redemption Value		Gain/(Loss)
5.00% Senior Note due 2027	$	85	$	1	$	84	$	85	$	(1)
4.125% Senior Note due 2028	90		1		89		85		4
4.375% Senior Note due 2028	106		1		105		102		3
5.25% Senior Note due 2029	85		1		84		82		2
4.25% Senior Note due 2030	17		—		17		16		1
4.625% Senior Note due 2030	66		1		65		62		3
5.40% Senior Note due 2034	15		—		15		15		—
5.450% Senior Note due 2043	118		1		117		111		6
	$	582	$	6	$	576	$	558	$	18