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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Revenue from External Customers by Products and Services
Product Revenues. FCX’s revenues attributable to the products it sold for the second quarters and first six months of 2022 and 2021 follow (in millions):

Three Months EndedSix Months Ended
June 30,June 30,
 2022202120222021
Copper:
Concentrate$2,694 $2,076 $5,385 $3,785 
Cathode1,183 1,535 2,618 2,769 
Rod and other refined copper products1,071 833 2,187 1,517 
Purchased coppera
104 310 174 528 
Gold909 597 1,720 1,115 
Molybdenum377 288 755 532 
Other165 203 353 456 
Adjustments to revenues:
Treatment charges(139)(101)(272)(198)
Royalty expenseb
(111)(82)(206)(145)
Export dutiesc
(84)(44)(182)
d
(73)
Revenues from contracts with customers6,169 5,615 12,532 10,286 
Embedded derivativese
(753)133 (513)312 
Total consolidated revenues$5,416 $5,748 $12,019 $10,598 
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.
d.Includes a charge of $18 million associated with an adjustment to prior-period export duties.
e.Refer to Note 6 for discussion of embedded derivatives related to FCX’s provisionally priced concentrate and cathode sales contracts.
Schedule of financial information by business segment
Financial Information by Business Segment
(In millions)
 AtlanticCorporate,
North America Copper MinesSouth America MiningCopperOther
CerroIndonesiaMolybdenumRod &Smelting& Elimi-FCX
MorenciOtherTotalVerdeOtherTotalMiningMinesRefining& RefiningnationsTotal
Three Months Ended June 30, 2022           
Revenues:            
Unaffiliated customers$17 $30 $47 $702 $180 $882 $1,920 
a
$— $1,753 $433 $381 
b
$5,416 
Intersegment730 1,078 1,808 134 — 134 58 144 8 — (2,152)— 
Production and delivery397 720 1,117 565 177 742 564 80 1,765 463 
c
(1,728)3,003 
Depreciation, depletion and amortization
44 58 102 91 11 102 262 18 1 6 16 507 
Metals inventory adjustments
— 7 7 9 2 11 — — — — — 18 
Selling, general and administrative expenses
1 — 1 2 — 2 30 — — 5 62 100 
Mining exploration and research expenses— 1 1 — — — — — — — 24 25 
Environmental obligations and shutdown costs
(13)— (13)— — — — — — — 42 29 
Net gain on sales of assets— — — — — — — — — — (2)(2)
Operating income (loss)318 322 640 169 (10)159 1,122 46 (5)(41)(185)1,736 
Interest expense, net— — — 4 — 4 13 — — 2 137 156 
Provision for (benefit from) income taxes— — — 68 (7)61 434 — — — 76 571 
Total assets at June 30, 20222,839 5,338 8,177 8,379 1,843 10,222 20,679 1,702 300 1,078 7,955 50,113 
Capital expenditures63 83 146 35 33 68 388 8 2 32 219 
d
863 
Three Months Ended June 30, 2021            
Revenues:            
Unaffiliated customers$57 $55 $112 $825 $188 $1,013 $1,753 
a
$— $1,689 $794 $387 
b
$5,748 
Intersegment721 1,021 1,742 

120 — 120 56 89 6 — (2,013)— 
Production and delivery351 574 925 494 
e
106 600 528 56 1,691 775 (1,508)
c
3,067 
Depreciation, depletion and amortization
40 61 101 82 12 94 247 17 1 8 15 483 
Selling, general and administrative expenses
1 — 1 2 — 2 27 — — 5 52 87 
Mining exploration and research expenses— — — — — — — — — — 14 14 
Environmental obligations and shutdown costs
1 — 1 — — — — — — — 32 33 
Net gain on sales of assets— — — — — — — — — — (3)(3)
Operating income (loss)385 441 826 367 70 437 1,007 16 3 6 (228)2,067 
Interest expense, net— — — 12 — 12 6 — — 2 128 148 
Provision for income taxes— — — 145 17 162 404 — — — 37 603 
Total assets at June 30, 20212,635 5,288 7,923 8,795 1,795 10,590 18,135 1,740 271 1,117 5,660 45,436 
Capital expenditures22 47 69 23 3 26 286 2 — 7 43 
d
433 
a.Includes PT-FI's sales to PT Smelting totaling $827 million in second-quarter 2022 and $756 million in second-quarter 2021.
b.Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North America and South America copper mines.
c.Includes charges associated with major maintenance turnarounds totaling $40 million at Atlantic Copper in second-quarter 2022 and $19 million at the Miami smelter in second-quarter 2021.
d.Includes capital expenditures for the greenfield smelter and precious metals refinery (collectively, the Indonesia smelter projects).
e.Includes nonrecurring charges totaling $69 million associated with labor-related costs at Cerro Verde.
(In millions)     
AtlanticCorporate,
North America Copper MinesSouth America MiningCopperOther
CerroIndonesiaMolybdenumRod &Smelting& Elimi-FCX
MorenciOtherTotalVerdeOtherTotalMiningMinesRefining& RefiningnationsTotal
Six Months Ended June 30, 2022           
Revenues:            
Unaffiliated customers$107 $85 $192 $1,808 $340 $2,148 $4,246 
a
$— $3,496 $1,151 $786 
b
$12,019 
Intersegment1,441 2,173 3,614 242 — 242 136 272 17 — (4,281)— 
Production and delivery760 1,375 2,135 1,123 289 1,412 1,190 155 3,519 1,185 
c
(3,443)6,153 
Depreciation, depletion and amortization88 119 207 178 21 199 510 34 2 12 32 996 
Metals inventory adjustments— 7 7 9 2 11 — — — — — 18 
Selling, general and administrative expenses1 1 2 4 — 4 57 — — 13 139 215 
Mining exploration and research expenses— 1 1 — — — — — — — 48 49 
Environmental obligations and shutdown costs(13)— (13)— — — — — — — 58 45 
Net gain on sales of assets— — — — — — — — — — (2)(2)
Operating income (loss)712 755 1,467 736 28 764 2,625 83 (8)(59)(327)4,545 
Interest expense, net— — — 7 — 7 15 — — 4 257 283 
Provision for income taxes— — — 295 7 302 1,020 — — — 73 1,395 
Capital expenditures136 140 276 68 56 124 759 9 4 43 371 
d
1,586 
Six Months Ended June 30, 2021           
Revenues:            
Unaffiliated customers$61 $83 $144 $1,742 $363 $2,105 $3,136 
a
$— $2,998 $1,481 $734 
b
$10,598 
Intersegment1,285 1,763 3,048 

165 — 165 108 159 13 — (3,493)— 
Production and delivery620 1,054 1,674 930 
e
209 1,139 983 113 3,007 1,448 (2,511)
c
5,853 
Depreciation, depletion and amortization74 107 181 171 24 195 446 32 2 15 31 902 
Metals inventory adjustments— — — — — — — 1 — — — 1 
Selling, general and administrative expenses1 1 2 4 — 4 53 — — 12 116 187 
Mining exploration and research expenses— — — — — — — — — — 21 21 
Environmental obligations and shutdown costs1 — 1 — — — — — — — 37 38 
Net gain on sales of assets— — — — — — — — — — (3)(3)
Operating income (loss)650 684 1,334 802 130 932 1,762 13 2 6 (450)3,599 
Interest expense, net— — — 25 — 25 7 — — 3 258 293 
Provision for (benefit from) income taxes— — — 318 38 356 719 — — — (29)1,046 
Capital expenditures32 63 95 43 4 47 576 3 1 13 68 
d
803 
a.Includes PT-FI's sales to PT Smelting totaling $1.7 billion for the first six months of 2022 and $1.5 billion for the first six months of 2021.
b.Includes revenues from FCX's molybdenum sales company, which includes sales of molybdenum produced by the Molybdenum mines and by certain of the North America and South America copper mines.
c.Includes charges associated with major maintenance turnarounds totaling $40 million at Atlantic Copper for the first six months of 2022 and $87 million at the Miami smelter for the first six months of 2021.
d.Primarily includes capital expenditures for the Indonesia smelter projects.
e.Includes nonrecurring charges totaling $69 million associated with labor-related costs at Cerro Verde.