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COMMITMENTS AND GUARANTEES (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Assets And Liabilities, Lessee [Table Text Block] The components of FCX’s leases presented in the consolidated balance sheets as of December 31 follow:
20242023
Lease right-of-use assets (included in property, plant, equipment and mine development costs, net)$853 $448 
Short-term lease liabilities (included in accounts payable and accrued liabilities)
$98 $84 
Long-term lease liabilities (included in other liabilities)
692 347 

Total lease liabilitiesa
$790 $431 
a.Includes finance leases associated with PT-FI’s new downstream processing facilities, including for an oxygen plant ($217 million at December 31, 2024), shallow draft vessels ($119 million at December 31, 2024), land ($95 million at December 31, 2024, and $130 million at December 31, 2023) and wharf ($90 million at December 31, 2024, and $93 million at December 31, 2023).
Lease, Cost [Table Text Block]
Operating lease costs, primarily included in production and delivery expense in the consolidated statements of income, for the years ended December 31 follow:
202420232022
Operating leases$44 $48 $46 
Variable and short-term leases146 
a
126 
a
84 
Total operating lease costs
$190 $174 $130 
a.Includes $50 million in 2024 and $30 million in 2023 related to a variable lease component of PT-FI’s tolling arrangement with PT Smelting. Refer to Note 2 for additional discussion of PT-FI’s commercial arrangement with PT Smelting.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
The future minimum payments for leases presented in the consolidated balance sheet at December 31, 2024, follow:
2025$131 
202696 
202781 
202867 
2029113 
Thereafter612 
Total payments1,100 
Less amount representing interest(310)
Present value of net minimum lease payments790 
Less current portion(98)
Long-term portion$692