Debt and Equity (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The components of debt follow (in millions):

	June 30, 2023		December 31, 2022
Senior notes and debentures:
Issued by FCX	$	6,103	$	7,225
Issued by PT-FI	2,979		2,978
Issued by Freeport Minerals Corporation	354		355
Other	59		62
Total debt	9,495		10,620
Less current portion of debt	(37)		(1,037)
Long-term debt	$	9,458	$	9,583

Schedule of Extinguishment of Debt

A summary of the senior note purchases and related gains on debt extinguishments for the second quarter and first six months of 2023, follows (in millions):

	Principal Amount		Discounts/Deferred Issuance Costs		Book Value		Redemption Value		Gain
5.00% Senior Notes due 2027	$	12	$	—	$	12	$	12	$	—
4.125% Senior Notes due 2028	22		—		22		21		1
4.375% Senior Notes due 2028	6		—		6		5		1
5.25% Senior Notes due 2029	31		—		31		31		—
4.25% Senior Notes due 2030	45		1		44		42		2
4.625% Senior Notes due 2030	15		—		15		14		1
	$	131	$	1	$	130	$	125	$	5