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BUSINESS SEGMENTS INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Revenues by product FCX’s revenues attributable to the products it sold for the years ended December 31 follow:
 202320222021
Copper:
Concentrate$7,127 $9,650 $8,705 
Cathode6,629 5,134 5,900 
Rod and other refined copper products3,659 3,699 3,369 
Purchased coppera
416 481 757 
Gold3,472 3,397 2,580 
Molybdenum2,006 1,416 1,283 
Otherb
585 688 821 
Adjustments to revenues:
Treatment chargesc
(538)(503)(445)
Royalty expensed
(346)(366)(330)
PT-FI export dutiese
(307)(325)(218)
Revenues from contracts with customers22,703 23,271 22,422 
Embedded derivativesf
152 (491)423 
Total consolidated revenues$22,855 $22,780 $22,845 
a.FCX purchases copper cathode primarily for processing by its Rod & Refining operations.
b.Primarily includes revenues associated with silver and, prior to 2022, cobalt.
c.Treatment charges for the year 2023 exclude tolling costs paid to PT Smelting, which are recorded as production costs in the consolidated statements of income.
d.Reflects royalties on sales from PT-FI and Cerro Verde that will vary with the volume of metal sold and prices.
e.Refer to Note 13 for further discussion of PT-FI export duties. Amounts include credits (charges) of $17 million in 2023 and $(18) million in 2022 associated with adjustments to prior-period export duties.
f.Refer to Note 14 for discussion of embedded derivatives related to FCX’s provisionally priced concentrate and cathode sales contracts.
Long-lived assets by geographic area Information concerning financial data by geographic area follows:
December 31,
 20232022
Long-lived assets:a
  
Indonesia$20,602 $18,121 
U.S.9,386 8,801 
Peru6,563 6,727 
Chile1,105 1,103 
Other355 309 
Total$38,011 $35,061 
a.Excludes deferred tax assets and intangible assets
Revenues by geographic area of customer
Years Ended December 31,
 202320222021
Revenues:a
   
U.S.$7,264 $7,339 $7,168 
Switzerland3,971 2,740 3,682 
Japan3,431 2,462 2,372 
Spain1,251 1,174 1,495 
Singapore1,178 1,492 156 
China1,081 929 1,044 
Indonesia767 3,026 3,132 
Germany714 632 469 
Chile428 383 343 
Philippines396 249 264 
India354 330 207 
South Korea267 302 270 
Egypt229 149 268 
United Kingdom171 355 659 
Other1,353 1,218 1,316 
Total$22,855 $22,780 $22,845 
a.Revenues are attributed to countries based on the location of the customer.
Schedule of financial information by business segment
Financial Information by Business Segment
North America Copper MinesSouth America Mining     
AtlanticCorporate,
CopperOther
CerroIndonesiaMolybdenumRod &Smelting& Elimi-FCX
MorenciOtherTotalVerdeOtherTotalMiningMinesRefining& RefiningnationsTotal
Year Ended December 31, 2023          
Revenues:           
Unaffiliated customers$91 $152 $243 $3,330 $824 $4,154 $7,816 
a
$— $5,886 $2,791 $1,965 
b
$22,855 
Intersegment2,328 3,745 6,073 787 — 

787 621 677 40 19 (8,217)— 
Production and delivery1,730 3,048 4,778 2,529 710 3,239 2,552 
c
439 5,901 2,718 (6,000)13,627 
Depreciation, depletion and amortization175 243 418 395 64 459 1,028 66 5 28 64 2,068 
Selling, general and administrative expenses2 2 4 9 — 9 129 — — 28 309 

479 
Mining exploration and research expenses— 3 3 — — — — — — — 134 137 
Environmental obligations and shutdown costs(1)28 27 — — — — — — — 292 319 
Operating income (loss)513 573 1,086 1,184 50 1,234 4,728 172 20 36 

(1,051)6,225 
Interest expense, net— 1 1 77 
d
— 77 42 — — 31 364 515 
Net gain on early extinguishment of debt— — — — — — — — — — 10 10 
Other (expense) income, net(5)3 (2)(13)11 (2)127 (1)(2)(8)174 286 
Provision for (benefit from) income taxes— — — 495 

17 512 1,774 — — — (16)2,270 
Equity in affiliated companies’ net earnings — — — — — — 10 — — — 5 15 
Net income (loss) attributable to noncontrolling interests— — — 300 36 336 1,614 
e
— — — (47)1,903 
Total assets at December 31, 20233,195 5,996 9,191 8,120 1,930 10,050 21,655 1,782 172 1,326 8,330 52,506 
Capital expenditures232 529 761 271 97 368 1,696 84 13 64 1,838 
f
4,824