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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenues $ 5,416 $ 5,748 $ 12,019 $ 10,598
Cost of sales:        
Production and delivery 3,003 3,067 6,153 5,853
Depreciation, depletion and amortization 507 483 996 902
Metals inventory adjustments 18 0 18 1
Total cost of sales 3,528 3,550 7,167 6,756
Selling, general and administrative expenses 100 87 215 187
Mining exploration and research expenses 25 14 49 21
Environmental obligations and shutdown costs 29 33 45 38
Net gain on sales of assets (2) (3) (2) (3)
Total costs and expenses 3,680 3,681 7,474 6,999
Operating income 1,736 2,067 4,545 3,599
Interest expense, net (156) (148) (283) (293)
Gain/(Loss) 8 0 8 0
Other income, net 11 9 42 20
Income before income taxes and equity in affiliated companies’ net earnings 1,599 1,928 4,312 3,326
Provision for income taxes (571) (603) (1,395) (1,046)
Equity in affiliated companies’ net earnings 10 6 25 4
Net income 1,038 1,331 2,942 2,284
Net income (loss) attributable to noncontrolling interests 198 248 575 483
Net income attributable to common stockholders $ 840 $ 1,083 $ 2,367 $ 1,801
Earnings Per Share, Basic and Diluted [Abstract]        
Earnings per share, basic (in dollars per share) $ 0.58 $ 0.74 $ 1.63 $ 1.23
Earnings per share, diluted (in dollars per share) $ 0.57 $ 0.73 $ 1.61 $ 1.21
Basic weighted-average shares of common stock outstanding 1,447 1,467 1,451 1,465
Diluted weighted-average shares of common shares outstanding 1,457 1,483 1,463 1,480
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.075 $ 0.30 $ 0.15