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BUSINESS SEGMENTS INFORMATION (Segment Reporting) (Details) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Jan. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]        
Revenues   $ 22,855 $ 22,780 $ 22,845
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   13,627 13,070 12,032
Depreciation, depletion and amortization   2,068 2,019 1,998
Selling, general and administrative expenses   479 420 383
Mining exploration and research expenses   137 115 55
Environmental obligations and shutdown costs   319 121 91
Net gain on sales of assets   0 (2) (80)
Operating income (loss)   6,225 7,037 8,366
Interest expense, net   515 560 602
(Gain)/Loss   10 31 0
Other income (expense), net   286 207 (105)
Provision for (benefit from) income taxes   (2,270) (2,267) (2,299)
Equity in affiliated companies’ net earnings   15 31 5
Net income attributable to noncontrolling interests   1,903 1,011 1,059
Total assets   52,506 51,093 48,022
Capital expenditures   4,824 3,469 2,115
Settlements and revisions to cash flow estimates, net   54 381 331
Administrative Fees Expense   $ 55 $ 41 16
PT Freeport Indonesia        
Segment Reporting Information [Line Items]        
Administrative Fees Expense $ 149      
FCX        
Segment Reporting Information [Line Items]        
Dividends Receivable, Percentage     81.00%  
FCX | PT Freeport Indonesia        
Segment Reporting Information [Line Items]        
Ownership percentage of subsidiary   48.76% 81.00%  
Pt Freeport Indonesia Environmental And Reclamation Programs        
Segment Reporting Information [Line Items]        
Settlements and revisions to cash flow estimates, net     $ 131 397
Cerro Verde | Peruvian Supreme Court        
Segment Reporting Information [Line Items]        
Interest expense, net   $ 74    
Grasberg Segment [Member]        
Segment Reporting Information [Line Items]        
Capital expenditures   1,696 1,575 1,296
Molybdenum        
Segment Reporting Information [Line Items]        
Capital expenditures   84 33 6
Indonesia        
Segment Reporting Information [Line Items]        
Revenues   767 3,026 3,132
Operating Segments | Molybdenum        
Segment Reporting Information [Line Items]        
Revenues   0 0 0
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   439 359 254
Depreciation, depletion and amortization   66 74 67
Selling, general and administrative expenses   0 0 0
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 0
Operating income (loss)   172 132 123
Interest expense, net   0 0 0
(Gain)/Loss   0 0  
Other income (expense), net   (1) 0 1
Provision for (benefit from) income taxes   0 0 0
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   0 0 0
Total assets   1,782 1,697 1,713
Capital expenditures   84 33 6
Operating Segments | Rod & Refining        
Segment Reporting Information [Line Items]        
Revenues   5,886 6,281 6,356
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   5,901 6,330 6,381
Depreciation, depletion and amortization   5 5 5
Selling, general and administrative expenses   0 0 0
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 0
Operating income (loss)   20 (23) (1)
Interest expense, net   0 0 0
(Gain)/Loss   0 0  
Other income (expense), net   (2) (1) 1
Provision for (benefit from) income taxes   0 0 0
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   0 0 0
Total assets   172 183 228
Capital expenditures   13 9 2
Operating Segments | Atlantic Copper Smelting & Refining        
Segment Reporting Information [Line Items]        
Revenues   2,791 2,439 2,961
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   2,718 2,452 2,907
Depreciation, depletion and amortization   28 27 28
Selling, general and administrative expenses   28 25 24
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 (19)
Operating income (loss)   36 (61) 21
Interest expense, net   31 15 6
(Gain)/Loss   0 0  
Other income (expense), net   (8) 13 12
Provision for (benefit from) income taxes   0 1 0
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   0 0 0
Total assets   1,326 1,262 1,318
Capital expenditures   64 76 34
Operating Segments | North America        
Segment Reporting Information [Line Items]        
Revenues   243 428 262
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   4,778 4,377 3,474
Depreciation, depletion and amortization   418 410 369
Selling, general and administrative expenses   4 5 4
Mining exploration and research expenses   3 1 1
Environmental obligations and shutdown costs   27 (4) (1)
Net gain on sales of assets     0 0
Operating income (loss)   1,086 1,921 2,978
Interest expense, net   1 2 1
(Gain)/Loss   0 0  
Other income (expense), net   (2) (32) 15
Provision for (benefit from) income taxes   0 0 0
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   0 0 0
Total assets   9,191 8,604 7,916
Capital expenditures   761 597 342
Operating Segments | North America | Morenci        
Segment Reporting Information [Line Items]        
Revenues   91 175 82
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   1,730 1,550 1,239
Depreciation, depletion and amortization   175 177 152
Selling, general and administrative expenses   2 2 2
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   (1) (5) 0
Net gain on sales of assets     0 0
Operating income (loss)   513 965 1,417
Interest expense, net   0 1 0
(Gain)/Loss   0 0  
Other income (expense), net   (5) (2) 6
Provision for (benefit from) income taxes   0 0 0
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   0 0 0
Total assets   3,195 3,052 2,708
Capital expenditures   232 263 135
Operating Segments | North America | Other        
Segment Reporting Information [Line Items]        
Revenues   152 253 180
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   3,048 2,827 2,235
Depreciation, depletion and amortization   243 233 217
Selling, general and administrative expenses   2 3 2
Mining exploration and research expenses   3 1 1
Environmental obligations and shutdown costs   28 1 (1)
Net gain on sales of assets     0 0
Operating income (loss)   573 956 1,561
Interest expense, net   1 1 1
(Gain)/Loss   0 0  
Other income (expense), net   3 (30) 9
Provision for (benefit from) income taxes   0 0 0
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   0 0 0
Total assets   5,996 5,552 5,208
Capital expenditures   529 334 207
Operating Segments | South America        
Segment Reporting Information [Line Items]        
Revenues   4,154 4,212 4,456
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   3,239 3,074 2,429
Depreciation, depletion and amortization   459 408 413
Selling, general and administrative expenses   9 8 8
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 0
Operating income (loss)   1,234 1,228 2,066
Interest expense, net   77 15 28
(Gain)/Loss   0 0  
Other income (expense), net   (2) 17 43
Provision for (benefit from) income taxes   (512) (453) (820)
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   336 407 602
Total assets   10,050 10,271 10,615
Capital expenditures   368 304 162
Operating Segments | South America | Cerro Verde        
Segment Reporting Information [Line Items]        
Revenues   3,330 3,444 3,736
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   2,529 2,369 2,000
Depreciation, depletion and amortization   395 357 366
Selling, general and administrative expenses   9 8 8
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 0
Operating income (loss)   1,184 1,216 1,822
Interest expense, net   77 15 28
(Gain)/Loss   0 0  
Other income (expense), net   (13) 13 30
Provision for (benefit from) income taxes   (495) (461) (730)
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   300 372 526
Total assets   8,120 8,398 8,694
Capital expenditures   271 164 132
Labor and Related Expense     92  
Operating Segments | South America | Other        
Segment Reporting Information [Line Items]        
Revenues   824 768 720
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   710 705 429
Depreciation, depletion and amortization   64 51 47
Selling, general and administrative expenses   0 0 0
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 0
Operating income (loss)   50 12 244
Interest expense, net   0 0 0
(Gain)/Loss   0 0  
Other income (expense), net   11 4 13
Provision for (benefit from) income taxes   (17) 8 (90)
Equity in affiliated companies’ net earnings   0 0 0
Net income attributable to noncontrolling interests   36 35 76
Total assets   1,930 1,873 1,921
Capital expenditures   97 140 30
Operating Segments | Indonesia | Grasberg Segment [Member]        
Segment Reporting Information [Line Items]        
Revenues   7,816 8,028 7,241
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   2,552 2,684 2,425
Depreciation, depletion and amortization   1,028 1,025 1,049
Selling, general and administrative expenses   129 117 111
Mining exploration and research expenses   0 0 0
Environmental obligations and shutdown costs   0 0 0
Net gain on sales of assets     0 0
Operating income (loss)   4,728 4,600 3,938
Interest expense, net   42 40 48
(Gain)/Loss   0 (11)  
Other income (expense), net   127 124 (152)
Provision for (benefit from) income taxes   (1,774) (1,820) (1,524)
Equity in affiliated companies’ net earnings   10 24 6
Net income attributable to noncontrolling interests   1,614 592 459
Total assets   21,655 20,639 18,971
Capital expenditures   1,696 1,575 1,296
Operating Segments | Indonesia | Grasberg Segment [Member] | PT Smelting        
Segment Reporting Information [Line Items]        
Revenues   27 3,000 3,100
Corporate And Eliminations [Member]        
Segment Reporting Information [Line Items]        
Revenues   1,965 1,392 1,569
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization   (6,000) (6,206) (5,838)
Depreciation, depletion and amortization   64 70 67
Selling, general and administrative expenses   309 265 236
Mining exploration and research expenses   134 114 54
Environmental obligations and shutdown costs   292 125 92
Net gain on sales of assets     (2) (61)
Operating income (loss)   (1,051) (760) (759)
Interest expense, net   364 488 519
(Gain)/Loss   10 42  
Other income (expense), net   174 86 (25)
Provision for (benefit from) income taxes   16 5 45
Equity in affiliated companies’ net earnings   5 7 (1)
Net income attributable to noncontrolling interests   (47) 12 (2)
Total assets   8,330 8,437 7,261
Capital expenditures   1,838 875 273
Corporate And Eliminations [Member] | Freeport Cobalt        
Segment Reporting Information [Line Items]        
Net gain on sales of assets     (60)  
Corporate And Eliminations [Member] | Atlantic Copper Smelting & Refining        
Segment Reporting Information [Line Items]        
Cost, Maintenance   41    
Corporate And Eliminations [Member] | Miami smelter        
Segment Reporting Information [Line Items]        
Cost, Maintenance     87  
Intersegment        
Segment Reporting Information [Line Items]        
Revenues   0 0 0
Intersegment | Molybdenum        
Segment Reporting Information [Line Items]        
Revenues   677 565 444
Intersegment | Rod & Refining        
Segment Reporting Information [Line Items]        
Revenues   40 31 29
Intersegment | Atlantic Copper Smelting & Refining        
Segment Reporting Information [Line Items]        
Revenues   19 4 0
Intersegment | Corporate And Eliminations [Member]        
Segment Reporting Information [Line Items]        
Revenues   (8,217) (7,786) (7,778)
Intersegment | North America        
Segment Reporting Information [Line Items]        
Revenues   6,073 6,282 6,563
Intersegment | North America | Morenci        
Segment Reporting Information [Line Items]        
Revenues   2,328 2,514 2,728
Intersegment | North America | Other        
Segment Reporting Information [Line Items]        
Revenues   3,745 3,768 3,835
Intersegment | South America        
Segment Reporting Information [Line Items]        
Revenues   787 506 460
Intersegment | South America | Cerro Verde        
Segment Reporting Information [Line Items]        
Revenues   787 506 460
Intersegment | South America | Other        
Segment Reporting Information [Line Items]        
Revenues   0 0 0
Intersegment | Indonesia | Grasberg Segment [Member]        
Segment Reporting Information [Line Items]        
Revenues   621 398 282
Unfavorable Regulatory Actions | Operating Segments | Indonesia | Grasberg Segment [Member]        
Segment Reporting Information [Line Items]        
Provision for (benefit from) income taxes     189  
Profit Share Liability | Cerro Verde | Peruvian Supreme Court        
Segment Reporting Information [Line Items]        
Interest expense, net   (13)    
Production and Delivery Costs [Member] | Pt Freeport Indonesia Environmental And Reclamation Programs        
Segment Reporting Information [Line Items]        
Settlements and revisions to cash flow estimates, net   $ (112) $ 116 $ 340