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DEBT (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Debt Components The components of debt follow:
 December 31,
 20232022
Revolving credit facilities:
FCX$— $— 
PT-FI— — 
Cerro Verde— — 
Senior notes and debentures:  
Issued by FCX:
3.875% Senior Notes due 2023— 995 
4.55% Senior Notes due 2024730 729 
5.00% Senior Notes due 2027448 465 
4.125% Senior Notes due 2028483 543 
4.375% Senior Notes due 2028430 475 
5.25% Senior Notes due 2029468 499 
4.25% Senior Notes due 2030446 494 
4.625% Senior Notes due 2030588 615 
5.40% Senior Notes due 2034723 723 
5.450% Senior Notes due 20431,689 1,687 
Issued by PT-FI:
4.763% Senior Notes due 2027746 745 
5.315% Senior Notes due 20321,490 1,489 
6.200% Senior Notes due 2052744 744 
Issued by FMC:
7 1/8% Debentures due 2027
115 115 
9 1/2% Senior Notes due 2031121 122 
6 1/8% Senior Notes due 2034118 118 
Other 83 62 
Total debt9,422 10,620 
Less current portion of debt(766)(1,037)
Long-term debt$8,656 $9,583 
Schedule of Extinguishment of Debt Listed below are the FCX senior notes purchased on the open market during 2023 and 2022.
Principal AmountNet AdjustmentsBook ValueRedemption ValueGain
Year Ended December 31, 2023
5.00% Senior Notes due 2027$17 $— $17 $17 $— 
4.125% Senior Notes due 202861 — 61 58 3 
4.375% Senior Notes due 202846 (1)45 43 2 
5.25% Senior Notes due 202931 — 31 31 — 
4.25% Senior Notes due 203050 (1)49 46 3 
4.625% Senior Notes due 203028 — 28 26 2 
Total$233 $(2)$231 $221 $10 
Year Ended December 31, 2022
5.00% Senior Notes due 2027$131 $(1)$130 $130 $— 
4.125% Senior Notes due 2028153 (1)152 143 9 
4.375% Senior Notes due 2028171 (2)169 163 6 
5.25% Senior Notes due 202997 (1)96 93 3 
4.25% Senior Notes due 2030101 (1)100 93 7 
4.625% Senior Notes due 2030228 (2)226 215 11 
5.40% Senior Notes due 203420 — 20 20 — 
5.450% Senior Notes due 2043160 (2)158 150 8 
Total$1,061 $(10)$1,051 $1,007 $44 
Debt Instrument Redemption
The senior notes listed below are redeemable in whole or in part, at the option of FCX, at a make-whole redemption price prior to the dates stated below, at specified redemption prices beginning on the dates stated below, and at 100% of principal two years before maturity.

Debt InstrumentDate
5.00% Senior Notes due 2027September 1, 2022
4.125% Senior Notes due 2028March 1, 2023
4.375% Senior Notes due 2028August 1, 2023
5.25% Senior Notes due 2029September 1, 2024
4.25% Senior Notes due 2030March 1, 2025
4.625% Senior Notes due 2030August 1, 2025
The senior notes listed below are redeemable in whole or in part, at the option of FCX, at a make-whole redemption price prior to the dates stated below and beginning on the dates stated below at 100% of principal.
Debt InstrumentDate
4.55% Senior Notes due 2024August 14, 2024
5.40% Senior Notes due 2034May 14, 2034
5.450% Senior Notes due 2043September 15, 2042
The senior notes listed below are redeemable in whole or in part, at the option of PT-FI, at a make-whole redemption price prior to the dates stated below and beginning on the dates stated below at 100% of principal.
Debt InstrumentDate
4.763% Senior Notes due 2027March 14, 2027
5.315% Senior Notes due 2032January 14, 2032
6.200% Senior Notes due 2052October 14, 2051