CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flow from operating activities:
Net income	$ 3,751	$ 4,479	$ 5,365
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion and amortization	2,068	2,019	1,998
Stock-based compensation	109	95	98
Net charges for environmental and asset retirement obligations, including accretion	295	369	540
Payments for environmental and asset retirement obligations	250	274	273
Net charges for defined pension and postretirement plans	62	45	4
Pension plan contributions	(75)	(54)	(109)
Net gain on early extinguishment of debt	(10)	(31)	0
Net gain on sales of assets	0	(2)	(80)
Deferred income taxes	182	36	(171)
Changes in deferred profit on PT Freeport Indonesia’s sales to PT Smelting	(112)	(14)	86
Charges for social investment programs at PT Freeport Indonesia	84	84	75
Payments for social investment programs at PT Freeport Indonesia	(44)	(11)	(67)
Impairment of oil and gas properties	67	0	0
Payments for Cerro Verde royalty dispute	0	0	(421)
Other, net	(33)	(1)	(77)
Changes in working capital and other:
Accounts receivable	166	56	(472)
Inventories	(873)	(573)	(618)
Other current assets	(29)	(12)	(101)
Accounts payable and accrued liabilities	(161)	(73)	487
Accrued income taxes and timing of other tax payments	17	(999)	1,451
Net cash provided by (used in) operating activities	5,279	5,139	7,715
Cash flow from investing activities:
Capital expenditures	(4,824)	(3,469)	(2,115)
Proceeds from sales of assets
Proceeds from sales of assets	27	108	247
Loans to PT Smelting for expansion	(129)	(65)	(36)
Acquisition of minority interest in PT Smelting	0	0	(33)
Other, net	(30)	(14)	(27)
Net cash provided by (used in) investing activities	(4,956)	(3,440)	(1,964)
Cash flow from financing activities:
Proceeds from debt	1,781	5,735	1,201
Repayments of debt	(2,980)	(4,515)	(1,461)
Cash dividends and distributions paid:
Common stock	(863)	(866)	(331)
Noncontrolling interests	(625)	(840)	(583)
Treasury stock purchases	0	(1,347)	(488)
Contributions from noncontrolling interests	50	189	182
Proceeds from exercised stock options	47	125	210
Payments for withholding of employee taxes related to stock-based awards	(50)	(55)	(29)
Other, net	(10)	(49)	(41)
Net cash used in financing activities	(2,650)	(1,623)	(1,340)
Net (decrease) increase in cash, cash equivalents and restricted cash and cash equivalents	(2,327)	76	4,411
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	6,063	8,390	8,314
North America copper mines
Cash flow from investing activities:
Capital expenditures	(761)	(597)	(342)
South America
Cash flow from investing activities:
Capital expenditures	(368)	(304)	(162)
Indonesia mining
Cash flow from investing activities:
Capital expenditures	(1,696)	(1,575)	(1,296)
Corporate, Other and Eliminations, Indonesia Smelter
Cash flow from investing activities:
Capital expenditures	(1,715)	(806)	(222)
Molybdenum mines
Cash flow from investing activities:
Capital expenditures	(84)	(33)	(6)
Other
Cash flow from investing activities:
Capital expenditures	(200)	(154)	(87)
Asbestos Contamination in Talc-Based Personal Care Products
Adjustments to reconcile net income to net cash provided by operating activities:
Charge for talc-related litigation	$ 65	$ 0	$ 0