Debt and Equity (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The components of debt follow (in millions):

	September 30, 2022		December 31, 2021
Senior notes and debentures:
Issued by FCX	$	7,301	$	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	58		70
Total debt	10,690		9,450
Less current portion of debt	(1,032)		(372)
Long-term debt	$	9,658	$	9,078

Schedule of Extinguishment of Debt

A summary of these debt extinguishments for the first nine months of 2022, follows (in millions):

	Principal Amount		Discounts/Deferred Issuance Costs		Book Value		Redemption Value		Gain
5.00% Senior Notes due 2027	$	103	$	1	$	102	$	102	$	—
4.125% Senior Notes due 2028	133		1		132		126		6
4.375% Senior Notes due 2028	166		2		164		158		6
5.25% Senior Notes due 2029	97		2		95		93		2
4.25% Senior Notes due 2030	76		1		75		71		4
4.625% Senior Notes due 2030	229		2		227		215		12
5.40% Senior Notes due 2034	20		—		20		20		—
5.450% Senior Notes due 2043	160		2		158		150		8
	$	984	$	11	$	973	$	935	$	38