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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital in Excess of Par Value
Accumulated Deficit
Accumu- lated Other Compre-hensive Loss
Common Stock Held in Treasury
Total Stock- holders’ Equity
Non- controlling Interests
Balance (in shares) at Dec. 31, 2021   1,603       146    
Balance at Dec. 31, 2021 $ 23,019 $ 160 $ 25,875 $ (7,375) $ (388) $ (4,292) $ 13,980 $ 9,039
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards (in shares)   10            
Exercised and issued stock-based awards 132 $ 1 131       132  
Stock-based compensation, including tax benefit and the tender of shares 15   88     $ (62) 26 (11)
Stock-based compensation, including tax benefit and the tender of shares (in shares)           2    
Treasury stock purchases (1,347)         $ (1,347) (1,347)  
Treasury stock purchases (in shares)           35    
Dividends (1,684)   (864)       (864) (820)
Net income attributable to common stockholders 3,468     3,468     3,468  
Net income attributable to noncontrolling interests 1,011             1,011
Other comprehensive income 68       68   68 0
Balance (in shares) at Dec. 31, 2022   1,613       183    
Balance at Dec. 31, 2022 24,871 $ 161 25,322 (3,907) (320) $ (5,701) 15,555 9,316
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Proceeds from (Payments to) Noncontrolling Interests 189   92       92 97
Exercised and issued stock-based awards (in shares)   6            
Exercised and issued stock-based awards 69 $ 1 68       69  
Stock-based compensation, including tax benefit and the tender of shares 14   87     $ (72) 15 (1)
Stock-based compensation, including tax benefit and the tender of shares (in shares)           1    
Dividends (1,489)   (864)       (864) (625)
Net income attributable to common stockholders 1,848     1,848     1,848  
Net income attributable to noncontrolling interests 1,903             1,903
Other comprehensive income 44       46   46 (2)
Balance (in shares) at Dec. 31, 2023   1,619       184    
Balance at Dec. 31, 2023 27,310 $ 162 24,637 (2,059) (274) $ (5,773) 16,693 10,617
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Proceeds from (Payments to) Noncontrolling Interests 50   24       24 26
Exercised and issued stock-based awards (in shares)   5       1    
Exercised and issued stock-based awards 56   56       56  
Stock-based compensation, including tax benefit and the tender of shares 26   92     $ (62) 30 (4)
Stock-based compensation, including tax benefit and the tender of shares (in shares)           1    
Treasury stock purchases (59)         $ (59) (59)  
Treasury stock purchases (in shares)           1    
Acquisition of additional ownership interest in Cerro Verde (215)   (125)       (125) (90)
Dividends (2,699)   (866)       (866) (1,833)
Changes in noncontrolling interests 2   3       3 (1)
Net income attributable to common stockholders 1,889     1,889     1,889  
Net income attributable to noncontrolling interests 2,510             2,510
Other comprehensive income (42)       (40)   (40) (2)
Balance (in shares) at Dec. 31, 2024   1,624       187    
Balance at Dec. 31, 2024 $ 28,778 $ 162 $ 23,797 $ (170) $ (314) $ (5,894) $ 17,581 $ 11,197