Debt and Equity (Tables)

9 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

The components of debt follow (in millions):

	September 30, 2023		December 31, 2022
Senior notes and debentures:
Issued by FCX	$	6,004	$	7,225
Issued by PT-FI	2,980		2,978
Issued by Freeport Minerals Corporation	354		355
Other	67		62
Total debt	9,405		10,620
Less current portion of debt	(35)		(1,037)
Long-term debt	$	9,370	$	9,583

Schedule of Extinguishment of Debt

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

	Principal Amount		Discounts/Deferred Issuance Costs		Book Value		Redemption Value		Gain
5.00% Senior Notes due 2027	$	17	$	—	$	17	$	17	$	—
4.125% Senior Notes due 2028	61		—		61		58		3
4.375% Senior Notes due 2028	46		1		45		43		2
5.25% Senior Notes due 2029	31		—		31		31		—
4.25% Senior Notes due 2030	50		1		49		46		3
4.625% Senior Notes due 2030	28		—		28		26		2
	$	233	$	2	$	231	$	221	$	10