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DEBT (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Debt Components The components of debt follow:
 December 31,
 20222021
Revolving credit facilities:
FCX$— $— 
PT-FI— — 
Cerro Verde— — 
Senior notes and debentures:  
Issued by FCX:
3.875% Senior Notes due 2023a
995 995 
4.55% Senior Notes due 2024729 728 
5.00% Senior Notes due 2027465 594 
4.125% Senior Notes due 2028543 693 
4.375% Senior Notes due 2028475 643 
5.25% Senior Notes due 2029499 593 
4.25% Senior Notes due 2030494 593 
4.625% Senior Notes due 2030615 841 
5.40% Senior Notes due 2034723 742 
5.450% Senior Notes due 20431,687 1,846 
Issued by PT-FI:
4.763% Senior Notes due 2027745 — 
5.315% Senior Notes due 20321,489 — 
6.200% Senior Notes due 2052744 — 
Issued by FMC:
7 1/8% Debentures due 2027
115 115 
9 1/2% Senior Notes due 2031122 123 
6 1/8% Senior Notes due 2034118 117 
PT-FI Term Loan— 432 
Cerro Verde Term Loan— 325 
Other 62 70 
Total debt10,620 9,450 
Less current portion of debt(1,037)(372)
Long-term debt$9,583 $9,078 
a.Maturing in March 2023.
Schedule of Extinguishment of Debt Listed below are the FCX senior notes, purchased or redeemed in full during the three-year period ended December 31, 2022.
Principal AmountNet AdjustmentsBook ValueRedemption Value(Gain)/Loss
Year Ended December 31, 2022
5.00% Senior Notes due 2027$131 $(1)$130 $130 $— 
4.125% Senior Notes due 2028153 (1)152 143 (9)
4.375% Senior Notes due 2028171 (2)169 163 (6)
5.25% Senior Notes due 202997 (1)96 93 (3)
4.25% Senior Notes due 2030101 (1)100 93 (7)
4.625% Senior Notes due 2030228 (2)226 215 (11)
5.40% Senior Notes due 203420 — 20 20 — 
5.450% Senior Notes due 2043160 (2)158 150 (8)
Total$1,061 $(10)$1,051 $1,007 $(44)
Year Ended December 31, 2021
FCX 3.55% Senior Notes due 2022$524 $— $524 $524 $— 
Year Ended December 31, 2020
FCX 4.00% Senior Notes due 2021$195 $(1)$194 $205 $11 
FCX 3.55% Senior Notes due 20221,356 (6)1,350 1,391 41 
FCX 3.875% Senior Notes due 2023927 (4)923 964 41 
FCX 4.55% Senior Notes due 2024120 (1)119 126 7 
Total$2,598 $(12)$2,586 $2,686 $100 
Debt Instrument Redemption
The senior notes listed below are redeemable in whole or in part, at the option of FCX, at a make-whole redemption price prior to the dates stated below, at specified redemption prices beginning on the dates stated below, and at 100% of principal two years before maturity.

Debt InstrumentDate
5.00% Senior Notes due 2027September 1, 2022
4.125% Senior Notes due 2028March 1, 2023
4.375% Senior Notes due 2028August 1, 2023
5.25% Senior Notes due 2029September 1, 2024
4.25% Senior Notes due 2030March 1, 2025
4.625% Senior Notes due 2030August 1, 2025
The senior notes listed below are redeemable in whole or in part, at the option of FCX, at a make-whole redemption price prior to the dates stated below and beginning on the dates stated below at 100% of principal.
Debt InstrumentDate
3.875% Senior Notes due 2023December 15, 2022
4.55% Senior Notes due 2024August 14, 2024
5.40% Senior Notes due 2034May 14, 2034
5.450% Senior Notes due 2043September 15, 2042
The senior notes listed below are redeemable in whole or in part, at the option of PT-FI, at a make-whole redemption price prior to the dates stated below and beginning on the dates stated below at 100% of principal.
Debt InstrumentDate
4.763% Senior Notes due 2027March 14, 2027
5.315% Senior Notes due 2032January 14, 2032
6.2% Senior Notes due 2052October 14, 2051