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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues $ 5,824 $ 5,003 $ 16,950 $ 17,022
Cost of sales:        
Production and delivery 3,548 3,366 10,260 9,519
Depreciation, depletion and amortization (DD&A) 533 508 1,479 1,504
Metals inventory adjustments 5 25 7 43
Total cost of sales 4,086 3,899 11,746 11,066
Selling, general and administrative expenses 118 98 359 313
Mining exploration and research expenses 30 38 103 87
Environmental obligations and shutdown costs 98 6 239 51
Net gain on sales of assets 0 0 0 (2)
Total costs and expenses 4,332 4,041 12,447 11,515
Operating income 1,492 962 4,503 5,507
Interest expense, net (96) (140) (418) (423)
Net gain on early extinguishment of debt 5 20 10 28
Other income, net 71 25 183 67
Income before income taxes and equity in affiliated companies’ net earnings 1,472 867 4,278 5,179
Provision for income taxes (508) (315) (1,546) (1,710)
Equity in affiliated companies’ net earnings 0 8 12 33
Net income 964 560 2,744 3,502
Net income (loss) attributable to noncontrolling interests 510 156 1,284 731
Net income attributable to common stockholders $ 454 $ 404 $ 1,460 $ 2,771
Net income per share attributable to common stockholders:        
Earnings per share, basic (in dollars per share) $ 0.31 $ 0.28 $ 1.01 $ 1.91
Earnings per share, diluted (in dollars per share) $ 0.31 $ 0.28 $ 1.01 $ 1.90
Weighted-average shares of common stock outstanding:        
Basic weighted-average shares of common stock outstanding 1,435 1,431 1,434 1,444
Diluted weighted-average shares of common shares outstanding 1,443 1,439 1,443 1,455
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.45 $ 0.45