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Debt and Equity - Additional Information (Details)
$ / shares in Units, shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended 22 Months Ended 27 Months Ended
Sep. 20, 2023
$ / shares
Mar. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 30, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Nov. 02, 2023
USD ($)
Sep. 30, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
Oct. 31, 2022
USD ($)
May 31, 2022
USD ($)
Dec. 31, 2019
case
Debt Instrument [Line Items]                        
Long-term debt     $ 9,405   $ 9,405     $ 9,405 $ 10,620      
Repayments of debt         2,397 $ 4,073            
Interest costs     165 $ 182 606 $ 524            
Treasury stock purchases (in shares) | shares               47.8        
Shares repurchased               $ 1,800        
Cost per share repurchased (in dollars per share) | $ / shares               $ 38.35        
Remaining authorized shares repurchase amount     $ 3,200   $ 3,200     $ 3,200        
Dividends declared per share of common stock (in dollars per share) | $ / shares $ 0.15   $ 0.15 $ 0.15 $ 0.45 $ 0.45            
Base cash dividend (in dollars per share) | $ / shares 0.075                      
Variable cash dividend (in dollars per share) | $ / shares $ 0.075                      
Tax Matters In Peru, Contingent Liability         $ 74              
FCX affiliates | Louisiana Parishes Coastal Erosion Cases                        
Debt Instrument [Line Items]                        
Number of pending claims | case                       42
FCX affiliates | Louisiana Parishes Coastal Erosion Cases | Settled litigation                        
Debt Instrument [Line Items]                        
Number of pending claims | case                       13
Unsecured Credit Facility | PT-FI                        
Debt Instrument [Line Items]                        
Line of credit facility, maximum borrowing capacity     $ 1,300   1,300     1,300        
Unsecured Credit Facility | Cerro Verde                        
Debt Instrument [Line Items]                        
Letter of credit     0   0     0        
Line of credit facility, maximum borrowing capacity                     $ 350  
Revolving Credit Facility | PT-FI                        
Debt Instrument [Line Items]                        
Letter of credit     0   0     0        
Property, Plant and Equipment                        
Debt Instrument [Line Items]                        
Interest costs capitalized     69 $ 42 188 $ 101            
Line of Credit | Letter of Credit                        
Debt Instrument [Line Items]                        
Letter of credit     7   7     7        
Revolving credit facility, availability                   $ 1,500    
Line of Credit | Revolving Credit Facility | October 2022 Unsecured Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Line of credit facility, maximum borrowing capacity     3,000   3,000     3,000        
Line of Credit | Revolving Credit Facility | PT-FI | October 2022 Unsecured Revolving Credit Facility                        
Debt Instrument [Line Items]                        
Line of credit facility, maximum borrowing capacity                   $ 500    
Senior Notes                        
Debt Instrument [Line Items]                        
Repurchased senior notes     102   233              
Senior Notes | Subsequent event                        
Debt Instrument [Line Items]                        
Cumulative repurchased principal amount             $ 1,300          
Cumulative repurchase cost             $ 1,200          
Senior Notes | PT-FI                        
Debt Instrument [Line Items]                        
Long-term debt     $ 2,980   $ 2,980     $ 2,980 $ 2,978      
Repayments of debt   $ 996                    
Stated interest rate   3.875%