XML 79 R38.htm IDEA: XBRL DOCUMENT v3.22.4
COMMITMENTS AND GUARANTEES Leases (Tables)
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Assets And Liabilities, Lessee [Table Text Block] The components of FCX’s leases presented in the consolidated balance sheet for the years ended December 31 follow:
December 31,
20222021
Lease right-of-use assets (included in property, plant, equipment and mine development costs, net)
$342 $337 
Short-term lease liabilities (included in accounts payable and accrued liabilities)
$38 $38 
Long-term lease liabilities (included in other liabilities)a
294 281 

Total lease liabilities
$332 $319 
a.Includes a land lease by PT-FI for the greenfield smelter totaling $141 million at December 31, 2022 and $126 million at December 31, 2021. This is FCX’s only significant finance lease.
Lease, Cost [Table Text Block]
Operating lease costs, primarily included in production and delivery expense in the consolidated statements of income, for the years ended December 31 follow:
202220212020
Operating leases$46 $42 $42 
Variable and short-term leases84 62 74 
Total operating lease costs
$130 $104 $116 
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The future minimum payments for leases presented in the consolidated balance sheet at December 31, 2022, follow:
2023$48 
202485 
202534 
202629 
202724 
Thereafter186 
Total payments406 
Less amount representing interest(74)
Present value of net minimum lease payments332 
Less current portion(38)
Long-term portion$294