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DEBT (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt Components The components of debt follow:
 December 31,
 20242023
Revolving credit facilities:
FCX$— $— 
PT-FI250 — 
Cerro Verde— — 
Senior notes and debentures:  
Issued by FCX:
4.55% Senior Notes due 2024
— 730 
5.00% Senior Notes due 2027
449 448 
4.125% Senior Notes due 2028
484 483 
4.375% Senior Notes due 2028
431 430 
5.25% Senior Notes due 2029
469 468 
4.25% Senior Notes due 2030
447 446 
4.625% Senior Notes due 2030
589 588 
5.40% Senior Notes due 2034
724 723 
5.450% Senior Notes due 2043
1,688 1,689 
Issued by PT-FI:
4.763% Senior Notes due 2027
747 746 
5.315% Senior Notes due 2032
1,491 1,490 
6.200% Senior Notes due 2052
745 744 
Issued by FMC:
7 1/8% Debentures due 2027
115 115 
9 1/2% Senior Notes due 2031119 121 
6 1/8% Senior Notes due 2034119 118 
Other 81 83 
Total debt8,948 9,422 
Less current portion of debt(41)(766)
Long-term debt$8,907 $8,656 
Schedule of Extinguishment of Debt
Debt Instrument Redemption
The senior notes listed below are redeemable in whole or in part, at the option of FCX, at specified redemption prices prior to the dates stated below and beginning on the dates stated below at 100% of principal.

Debt InstrumentDate
5.00% Senior Notes due 2027September 1, 2025
4.125% Senior Notes due 2028March 1, 2026
4.375% Senior Notes due 2028August 1, 2026
5.25% Senior Notes due 2029September 1, 2027

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
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
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