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Business Segments (Segment Reporting) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]          
Revenues $ 6,624 $ 5,737 $ 12,945 $ 11,126  
Production and delivery 3,875 3,549 7,719 6,714  
Cost, Depreciation, Amortization and Depletion 509 547 1,104 946  
Selling, general and administrative expenses 123 115 267 241  
Exploration and research expenses 40 42 77 73  
Environmental obligations and shutdown costs 28 74 95 141  
Operating income 2,049 1,410 3,683 3,011  
Interest expense, net 88 171 177 322  
Net gain on early extinguishment of debt 0 5 0 5  
Other Nonoperating Income (Expense) 69 24 198 112  
Provision for (benefit from) income taxes 754 539 1,266 1,038  
Equity in affiliated companies’ net earnings 4 2 4 12  
Net income (loss) attributable to noncontrolling interests 664 388 1,353 774  
Total assets 54,635 50,907 54,635 50,907 $ 52,506
Capital expenditures 1,116 1,163 2,370 2,284  
PT Freeport Indonesia          
Segment Reporting Information [Line Items]          
Provision for (benefit from) income taxes 182        
Operating Segments | North America          
Segment Reporting Information [Line Items]          
Revenues 23 40 100 169  
Production and delivery 1,151 1,167 2,375 2,329  
Cost, Depreciation, Amortization and Depletion 106 99 218 202  
Selling, general and administrative expenses 1 1 2 2  
Exploration and research expenses 14 18 26 37  
Environmental obligations and shutdown costs 0 1 0 22  
Operating income 264 304 417 668  
Interest expense, net 1 0 1 0  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 1 (3) (1) (1)  
Provision for (benefit from) income taxes 0 0 0 0  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 0 0 0 0  
Total assets 9,690 8,921 9,690 8,921  
Capital expenditures 243 182 480 378  
Operating Segments | South America          
Segment Reporting Information [Line Items]          
Revenues 1,329 973 2,363 2,165  
Production and delivery 860 783 1,633 1,590  
Cost, Depreciation, Amortization and Depletion 114 132 222 239  
Selling, general and administrative expenses 2 2 4 4  
Exploration and research expenses 5 4 9 6  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 530 227 779 745  
Interest expense, net 5 55 10 84  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 5 (41) 29 (29)  
Provision for (benefit from) income taxes 214 113 317 307  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 164 20 254 178  
Total assets 10,356 10,334 10,356 10,334  
Capital expenditures 90 83 172 183  
Corporate And Eliminations          
Segment Reporting Information [Line Items]          
Revenues 496 478 896 1,075  
Production and delivery (1,493) (1,557) (2,763) (3,056)  
Cost, Depreciation, Amortization and Depletion 17 19 33 32  
Selling, general and administrative expenses 84 75 185 162  
Exploration and research expenses 17 20 36 30  
Environmental obligations and shutdown costs 28 73 95 119  
Operating income (86) (239) (478) (489)  
Interest expense, net 68 96 141 205  
Net gain on early extinguishment of debt   5   5  
Other Nonoperating Income (Expense) 31 41 94 89  
Provision for (benefit from) income taxes 49 16 62 (9)  
Equity in affiliated companies’ net earnings 1 2 3 1  
Net income (loss) attributable to noncontrolling interests 37 0 36 (43)  
Total assets 4,490 5,082 4,490 5,082  
Capital expenditures 51 31 89 58  
Intersegment          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Intersegment | North America          
Segment Reporting Information [Line Items]          
Revenues 1,513 1,550 2,938 3,091  
Intersegment | South America          
Segment Reporting Information [Line Items]          
Revenues 182 175 284 419  
Morenci | Operating Segments | North America          
Segment Reporting Information [Line Items]          
Revenues 13 26 50 58  
Production and delivery 438 423 897 804  
Cost, Depreciation, Amortization and Depletion 45 42 93 85  
Selling, general and administrative expenses 1 1 1 1  
Exploration and research expenses 5 3 9 6  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 111 127 177 325  
Interest expense, net 0 0 0 0  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 0 (1) 0 (2)  
Provision for (benefit from) income taxes 0 0 0 0  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 0 0 0 0  
Total assets 3,182 3,167 3,182 3,167  
Capital expenditures 47 67 91 123  
Morenci | Intersegment | North America          
Segment Reporting Information [Line Items]          
Revenues 587 570 1,127 1,163  
Other Individually Immaterial Operating Segments | Operating Segments | North America          
Segment Reporting Information [Line Items]          
Revenues 10 14 50 111  
Production and delivery 713 744 1,478 1,525  
Cost, Depreciation, Amortization and Depletion 61 57 125 117  
Selling, general and administrative expenses 0 0 1 1  
Exploration and research expenses 9 15 17 31  
Environmental obligations and shutdown costs 0 1 0 22  
Operating income 153 177 240 343  
Interest expense, net 1 0 1 0  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 1 (2) (1) 1  
Provision for (benefit from) income taxes 0 0 0 0  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 0 0 0 0  
Total assets 6,508 5,754 6,508 5,754  
Capital expenditures 196 115 389 255  
Other Individually Immaterial Operating Segments | Operating Segments | South America          
Segment Reporting Information [Line Items]          
Revenues 254 190 462 424  
Production and delivery 181 174 351 361  
Cost, Depreciation, Amortization and Depletion 17 15 33 31  
Selling, general and administrative expenses 0 0 0 0  
Exploration and research expenses 2 1 3 2  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 54 0 75 30  
Interest expense, net 0 0 0 0  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 0 4 13 (2)  
Provision for (benefit from) income taxes 23 0 35 7  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 22 2 36 20  
Total assets 1,988 1,890 1,988 1,890  
Capital expenditures 23 26 45 65  
Other Individually Immaterial Operating Segments | Intersegment | North America          
Segment Reporting Information [Line Items]          
Revenues 926 980 1,811 1,928  
Other Individually Immaterial Operating Segments | Intersegment | South America          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Cerro Verde | Peruvian Supreme Court          
Segment Reporting Information [Line Items]          
Interest expense, net   (50)   (74)  
Cerro Verde | Operating Segments | South America          
Segment Reporting Information [Line Items]          
Revenues 1,075 783 1,901 1,741  
Production and delivery 679 609 1,282 1,229  
Cost, Depreciation, Amortization and Depletion 97 117 189 208  
Selling, general and administrative expenses 2 2 4 4  
Exploration and research expenses 3 3 6 4  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 476 227 704 715  
Interest expense, net 5 55 10 84  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 5 (45) 16 (27)  
Provision for (benefit from) income taxes 191 113 282 300  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 142 18 218 158  
Total assets 8,368 8,444 8,368 8,444  
Capital expenditures 67 57 127 118  
Labor-related charges 65   65    
Cerro Verde | Intersegment | South America          
Segment Reporting Information [Line Items]          
Revenues 182 175 284 419  
Grasberg Segment          
Segment Reporting Information [Line Items]          
Capital expenditures     750 790  
Grasberg Segment | Operating Segments | Indonesia          
Segment Reporting Information [Line Items]          
Revenues 2,185 2,039 4,833 3,238  
Production and delivery 672 861 1,533 1,199  
Cost, Depreciation, Amortization and Depletion 248 275 583 423  
Selling, general and administrative expenses 30 30 61 58  
Exploration and research expenses 4 0 6 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 1,314 1,071 2,910 1,925  
Interest expense, net 6 12 7 19  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 30 28 68 60  
Provision for (benefit from) income taxes 490 410 899 740  
Equity in affiliated companies’ net earnings 3 0 1 11  
Net income (loss) attributable to noncontrolling interests 463 368 1,063 639  
Total assets 26,501 23,446 26,501 23,446  
Capital expenditures 648 841 1,490 1,613  
Administrative fine   55   55  
Grasberg Segment | Intersegment | Indonesia          
Segment Reporting Information [Line Items]          
Revenues 83 198 260 367  
Molybdenum          
Segment Reporting Information [Line Items]          
Capital expenditures     63 22  
Molybdenum | Operating Segments          
Segment Reporting Information [Line Items]          
Revenues 0 0 0 0  
Production and delivery 134 105 253 201  
Cost, Depreciation, Amortization and Depletion 16 14 32 34  
Selling, general and administrative expenses 0 0 0 0  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income (12) 31 (2) 138  
Interest expense, net 0 0 0 0  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 0 (1) 0 (1)  
Provision for (benefit from) income taxes 0 0 0 0  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 0 0 0 0  
Total assets 1,915 1,717 1,915 1,717  
Capital expenditures 36 13 63 22  
Molybdenum | Intersegment          
Segment Reporting Information [Line Items]          
Revenues 138 150 283 373  
Rod and Refining Segment | Operating Segments          
Segment Reporting Information [Line Items]          
Revenues 1,693 1,463 3,182 2,986  
Production and delivery 1,692 1,465 3,179 2,992  
Cost, Depreciation, Amortization and Depletion 1 1 2 2  
Selling, general and administrative expenses 0 0 0 0  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 11 7 22 8  
Interest expense, net 0 0 0 0  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 0 0 0 (1)  
Provision for (benefit from) income taxes 0 0 0 0  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 0 0 0 0  
Total assets 273 280 273 280  
Capital expenditures 11 2 16 7  
Rod and Refining Segment | Intersegment          
Segment Reporting Information [Line Items]          
Revenues 11 10 21 16  
Atlantic Copper Smelting and Refining Segment | Operating Segments          
Segment Reporting Information [Line Items]          
Revenues 898 744 1,571 1,493  
Production and delivery 859 725 1,509 1,459  
Cost, Depreciation, Amortization and Depletion 7 7 14 14  
Selling, general and administrative expenses 6 7 15 15  
Exploration and research expenses 0 0 0 0  
Environmental obligations and shutdown costs 0 0 0 0  
Operating income 28 9 35 16  
Interest expense, net 8 8 18 14  
Net gain on early extinguishment of debt   0   0  
Other Nonoperating Income (Expense) 2 0 8 (5)  
Provision for (benefit from) income taxes 1 0 (12) 0  
Equity in affiliated companies’ net earnings 0 0 0 0  
Net income (loss) attributable to noncontrolling interests 0 0 0 0  
Total assets 1,410 1,127 1,410 1,127  
Capital expenditures 37 11 60 23  
Atlantic Copper Smelting and Refining Segment | Intersegment          
Segment Reporting Information [Line Items]          
Revenues 2 4 2 11  
Corporate And Eliminations | Intersegment          
Segment Reporting Information [Line Items]          
Revenues $ (1,929) $ (2,087) $ (3,788) $ (4,277)