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Business Segments (Segment Reporting) (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
segment
Sep. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting Information [Line Items]          
Number of Operating Segments | segment     4    
Revenues $ 5,003 $ 6,083 $ 17,022 $ 16,681  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (3,366) (3,009) (9,519) (8,862)  
Cost, Depreciation, Amortization and Depletion 508 528 1,504 1,430  
Metals inventory adjustments 25 14 43 15  
Selling, general and administrative expenses (98) (102) (313) (289)  
Mining exploration and research expenses 38 15 87 36  
Environmental obligations and shutdown costs 6 13 51 51  
Net gain on sales of assets 0 (60) (2) (63)  
Operating income 962 2,462 5,507 6,061  
Interest expense, net 140 138 423 431  
Provision for (benefit from) income taxes 315 628 1,710 1,674  
Total assets 49,927 46,917 49,927 46,917 $ 48,022
Capital expenditures 836 541 $ 2,422 1,344  
Business Segments     BUSINESS SEGMENTSFCX 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 third quarters and first nine months of 2022 and 2021 follow (in millions):

Three Months EndedNine Months Ended
September 30,September 30,
 2022202120222021
Copper:
Concentrate$2,091 $2,531 $7,476 $6,316 
Cathode1,255 1,463 3,873 4,232 
Rod and other refined copper products755 1,048 2,942 2,565 
Purchased coppera
168 124 342 652 
Gold858 741 2,578 1,856 
Molybdenum304 372 1,059 904 
Other174 210 527 666 
Adjustments to revenues:
Treatment charges(132)(126)(404)(324)
Royalty expenseb
(83)(97)(289)(242)
PT-FI export duties(81)(72)(263)
c
(145)
Revenues from contracts with customers5,309 6,194 17,841 16,480 
Embedded derivativesd
(306)(111)(819)201 
Total consolidated revenues$5,003 $6,083 $17,022 $16,681 
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.Includes a 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.
    
Foreign Tax Authority [Member]          
Segment Reporting Information [Line Items]          
Change in valuation allowance   69   69  
PT Smelting          
Segment Reporting Information [Line Items]          
Deferred Intercompany Profit, Percentage     39.50%    
Cerro Verde          
Segment Reporting Information [Line Items]          
Metals inventory adjustments     $ 10    
Operating Segments | North America          
Segment Reporting Information [Line Items]          
Revenues 92 80 284 224  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (1,144) (904) (3,279) (2,578)  
Cost, Depreciation, Amortization and Depletion 100 94 307 275  
Metals inventory adjustments 3 13 10 13  
Selling, general and administrative expenses (1) (1) (3) (3)  
Mining exploration and research expenses 0 1 1 1  
Environmental obligations and shutdown costs 1 (2) (12) (1)  
Net gain on sales of assets   0 0 0  
Operating income 199 800 1,666 2,134  
Interest expense, net 1 1 1 1  
Provision for (benefit from) income taxes 0 0 0 0  
Total assets 8,452 7,830 8,452 7,830  
Capital expenditures 154 116 430 211  
Operating Segments | South America          
Segment Reporting Information [Line Items]          
Revenues 881 1,128 3,029 3,233  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (800) (630) (2,212) (1,769)  
Cost, Depreciation, Amortization and Depletion 98 111 297 306  
Metals inventory adjustments 22 0 33 0  
Selling, general and administrative expenses (2) (2) (6) (6)  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income 42 480 806 1,412  
Interest expense, net 5 6 12 31  
Provision for (benefit from) income taxes (15) 221 287 577  
Total assets 10,216 10,397 10,216 10,397  
Capital expenditures 79 47 203 94  
Corporate And Eliminations          
Segment Reporting Information [Line Items]          
Revenues 264 434 1,050 1,168  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) 1,389 1,630 4,832 4,141  
Cost, Depreciation, Amortization and Depletion 18 16 50 47  
Metals inventory adjustments 0 1 0 1  
Selling, general and administrative expenses (63) (66) (202) (182)  
Mining exploration and research expenses 38 14 86 35  
Environmental obligations and shutdown costs 5 15 63 52  
Net gain on sales of assets   (60) (2) (63)  
Operating income (121) (53) (448) (503)  
Interest expense, net 115 129 372 387  
Provision for (benefit from) income taxes (13) 26 60 (3)  
Total assets 7,764 7,027 7,764 7,027  
Capital expenditures 188 43 559 111  
Corporate And Eliminations | Freeport Cobalt          
Segment Reporting Information [Line Items]          
Net gain on sales of assets       (60)  
Intersegment          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Intersegment | North America          
Segment Reporting Information [Line Items]          
Revenues 1,356 1,731 4,970 4,779  
Intersegment | South America          
Segment Reporting Information [Line Items]          
Revenues 83 95 325 260  
PT Smelting | Affiliated Entity [Member]          
Segment Reporting Information [Line Items]          
Revenues 572 795 2,300 2,300  
Morenci | Operating Segments | North America          
Segment Reporting Information [Line Items]          
Revenues 18 16 125 77  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (408) (312) (1,168) (932)  
Cost, Depreciation, Amortization and Depletion 44 40 132 114  
Metals inventory adjustments 2 13 2 13  
Selling, general and administrative expenses 0 0 (1) (1)  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 (1) (13) 0  
Net gain on sales of assets   0 0 0  
Operating income 115 363 827 1,013  
Interest expense, net 0 0 0 0  
Provision for (benefit from) income taxes 0 0 0 0  
Total assets 2,996 2,586 2,996 2,586  
Capital expenditures 71 42 207 74  
Morenci | Intersegment | North America          
Segment Reporting Information [Line Items]          
Revenues 551 711 1,992 1,996  
Other Individually Immaterial Operating Segments | Operating Segments | North America          
Segment Reporting Information [Line Items]          
Revenues 74 64 159 147  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (736) (592) (2,111) (1,646)  
Cost, Depreciation, Amortization and Depletion 56 54 175 161  
Metals inventory adjustments 1 0 8 0  
Selling, general and administrative expenses (1) (1) (2) (2)  
Mining exploration and research expenses 0 1 1 1  
Environmental obligations and shutdown costs 1 (1) 1 (1)  
Net gain on sales of assets   0 0 0  
Operating income 84 437 839 1,121  
Interest expense, net 1 1 1 1  
Provision for (benefit from) income taxes 0 0 0 0  
Total assets 5,456 5,244 5,456 5,244  
Capital expenditures 83 74 223 137  
Other Individually Immaterial Operating Segments | Operating Segments | South America          
Segment Reporting Information [Line Items]          
Revenues 215 149 555 512  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (221) (97) (510) (306)  
Cost, Depreciation, Amortization and Depletion 14 10 35 34  
Metals inventory adjustments 20 0 22 0  
Selling, general and administrative expenses 0 0 0 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income (40) 42 (12) 172  
Interest expense, net 0 0 0 0  
Provision for (benefit from) income taxes (18) 24 (11) 62  
Total assets 1,826 1,843 1,826 1,843  
Capital expenditures 38 6 94 10  
Other Individually Immaterial Operating Segments | Intersegment | North America          
Segment Reporting Information [Line Items]          
Revenues 805 1,020 2,978 2,783  
Other Individually Immaterial Operating Segments | Intersegment | South America          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Cerro Verde | Operating Segments | South America          
Segment Reporting Information [Line Items]          
Revenues 666 979 2,474 2,721  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (579) (533) (1,702) (1,463)  
Cost, Depreciation, Amortization and Depletion 84 101 262 272  
Metals inventory adjustments 2 0 11 0  
Selling, general and administrative expenses (2) (2) (6) (6)  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income 82 438 818 1,240  
Interest expense, net 5 6 12 31  
Provision for (benefit from) income taxes 3 197 298 515  
Total assets 8,390 8,554 8,390 8,554  
Capital expenditures 41 41 109 84  
Labor and Related Expense       74  
Cerro Verde | Intersegment | South America          
Segment Reporting Information [Line Items]          
Revenues 83 95 325 260  
Grasberg Segment          
Segment Reporting Information [Line Items]          
Capital expenditures     1,148 904  
Grasberg Segment | Operating Segments | Indonesia          
Segment Reporting Information [Line Items]          
Revenues 1,726 1,961 5,972 5,097  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (663) (569) (1,853) (1,552)  
Cost, Depreciation, Amortization and Depletion 265 280 775 726  
Metals inventory adjustments 0 0 0 0  
Selling, general and administrative expenses (26) (28) (83) (81)  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income 844 1,165 3,469 2,927  
Interest expense, net 15 1 30 8  
Provision for (benefit from) income taxes 343 382 1,363 1,101  
Total assets 20,496 18,592 20,496 18,592  
Capital expenditures 389 328 1,148 904  
Grasberg Segment | Intersegment | Indonesia          
Segment Reporting Information [Line Items]          
Revenues 72 81 208 189  
Molybdenum          
Segment Reporting Information [Line Items]          
Capital expenditures     16 4  
Molybdenum | Operating Segments          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (94) (70) (249) (183)  
Cost, Depreciation, Amortization and Depletion 18 19 52 51  
Metals inventory adjustments 0 0 0 1  
Selling, general and administrative expenses 0 0 0 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income 15 62 98 75  
Interest expense, net 0 0 0 0  
Provision for (benefit from) income taxes 0 0 0 0  
Total assets 1,701 1,726 1,701 1,726  
Capital expenditures 7 1 16 4  
Molybdenum | Intersegment          
Segment Reporting Information [Line Items]          
Revenues 127 151 399 310  
Rod and Refining Segment | Operating Segments          
Segment Reporting Information [Line Items]          
Revenues 1,436 1,697 4,932 4,695  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (1,450) (1,701) (4,969) (4,708)  
Cost, Depreciation, Amortization and Depletion 1 1 3 3  
Metals inventory adjustments 0 0 0 0  
Selling, general and administrative expenses 0 0 0 0  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income (8) 2 (16) 4  
Interest expense, net 0 0 0 0  
Provision for (benefit from) income taxes 0 0 0 0  
Total assets 216 278 216 278  
Capital expenditures 2 1 6 2  
Rod and Refining Segment | Intersegment          
Segment Reporting Information [Line Items]          
Revenues 7 7 24 20  
Atlantic Copper Smelting and Refining Segment | Operating Segments          
Segment Reporting Information [Line Items]          
Revenues 604 783 1,755 2,264  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31) (604) (765) (1,789) (2,213)  
Cost, Depreciation, Amortization and Depletion 8 7 20 22  
Metals inventory adjustments 0 0 0 0  
Selling, general and administrative expenses (6) (5) (19) (17)  
Mining exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Net gain on sales of assets   0 0 0  
Operating income (9) 6 (68) 12  
Interest expense, net 4 1 8 4  
Provision for (benefit from) income taxes 0 (1) 0 (1)  
Total assets 1,082 1,067 1,082 1,067  
Capital expenditures 17 5 60 18  
Atlantic Copper Smelting and Refining Segment | Corporate And Eliminations          
Segment Reporting Information [Line Items]          
Cost, Maintenance     41    
Atlantic Copper Smelting and Refining Segment | Intersegment          
Segment Reporting Information [Line Items]          
Revenues 5 0 5 0  
Corporate And Eliminations | Intersegment          
Segment Reporting Information [Line Items]          
Revenues $ (1,650) $ (2,065) (5,931) (5,558)  
Miami smelter | Corporate And Eliminations          
Segment Reporting Information [Line Items]          
Cost, Maintenance       87  
Indonesia Smelter          
Segment Reporting Information [Line Items]          
Capital expenditures     $ 517 $ 79