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FAIR VALUE MEASUREMENT (Details) - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2016
Derivatives:        
Derivative Asset   $ 20 $ 80  
Derivatives: [Abstract]        
Derivative Liability   $ 89 $ 24  
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]   Other current assets Other current assets  
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]   Other assets Other assets  
Other current assets   $ 535 $ 375  
Other assets   1,813 1,810  
Deepwater Gulf of Mexico Interests | Freeport-McMoRan Oil & Gas        
Derivatives:        
Contingent receivable $ 4     $ 150
Derivatives: [Abstract]        
Other assets   0 38  
Discontinued Operation, Contingent Receivable, Impairment, Net 32      
Discontinued Operation, Contingent Receivable, Impairment 42      
Discontinued Operation, Contingent Receivable, Decrease To Accrued Royalty Interest Payable $ 10      
NAV        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Investments, Fair Value Disclosure   27 27  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   66 65  
Derivatives:        
Derivative Asset   0 0  
Contingent receivable   0 0  
Derivatives: [Abstract]        
Derivative Liability   0 0  
Long-term debt, including current portion   0 0  
Level 1        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Investments, Fair Value Disclosure   9 6  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   19 17  
Derivatives:        
Derivative Asset   4 3  
Contingent receivable   0 0  
Derivatives: [Abstract]        
Derivative Liability   18 1  
Long-term debt, including current portion   0 0  
Level 2        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Investments, Fair Value Disclosure   0 0  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   132 130  
Derivatives:        
Derivative Asset   16 77  
Contingent receivable   0 0  
Derivatives: [Abstract]        
Derivative Liability   71 23  
Long-term debt, including current portion   8,807 9,364  
Level 3        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Investments, Fair Value Disclosure   0 0  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Derivatives:        
Derivative Asset   0 0  
Contingent receivable   3 42  
Derivatives: [Abstract]        
Derivative Liability   0 0  
Long-term debt, including current portion   0 0  
Carrying Amount, Fair Value Disclosure [Member]        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Investments, Fair Value Disclosure   36 33  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   217 212  
Derivatives:        
Derivative Asset   20 80  
Contingent receivable   3 50  
Derivatives: [Abstract]        
Derivative Liability   89 24  
Long-term debt, including current portion   8,948 9,422  
Estimate of Fair Value Measurement [Member]        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Investments, Fair Value Disclosure   36 33  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   217 212  
Derivatives:        
Derivative Asset   20 80  
Contingent receivable   3 42  
Derivatives: [Abstract]        
Derivative Liability   89 24  
Long-term debt, including current portion   8,807 9,364  
Embedded Derivative Financial Instruments        
Derivatives:        
Derivative Asset   10 76  
Derivatives: [Abstract]        
Derivative Liability   60 23  
Embedded Derivative Financial Instruments | NAV        
Derivatives:        
Derivative Asset   0 0  
Derivatives: [Abstract]        
Derivative Liability   0 0  
Embedded Derivative Financial Instruments | Level 1        
Derivatives:        
Derivative Asset   0 0  
Derivatives: [Abstract]        
Derivative Liability   0 0  
Embedded Derivative Financial Instruments | Level 2        
Derivatives:        
Derivative Asset   10 76  
Derivatives: [Abstract]        
Derivative Liability   60 23  
Embedded Derivative Financial Instruments | Level 3        
Derivatives:        
Derivative Asset   0 0  
Derivatives: [Abstract]        
Derivative Liability   0 0  
Embedded Derivative Financial Instruments | Carrying Amount, Fair Value Disclosure [Member]        
Derivatives:        
Derivative Asset   10 76  
Derivatives: [Abstract]        
Derivative Liability   60 23  
Embedded Derivative Financial Instruments | Estimate of Fair Value Measurement [Member]        
Derivatives:        
Derivative Asset   10 76  
Derivatives: [Abstract]        
Derivative Liability   60 23  
Copper derivatives        
Derivatives:        
Derivative Asset   10 4  
Derivatives: [Abstract]        
Derivative Liability   29 1  
Copper derivatives | NAV        
Derivatives:        
Derivative Asset   0    
Copper derivatives | NAV | Futures and Swaps        
Derivatives: [Abstract]        
Derivative Liability   0    
Copper derivatives | NAV | Forward Contracts        
Derivatives: [Abstract]        
Derivative Liability   0 0  
Copper derivatives | Level 1        
Derivatives:        
Derivative Asset   4    
Copper derivatives | Level 1 | Futures and Swaps        
Derivatives: [Abstract]        
Derivative Liability   17    
Copper derivatives | Level 1 | Forward Contracts        
Derivatives: [Abstract]        
Derivative Liability   1 1  
Copper derivatives | Level 2        
Derivatives:        
Derivative Asset   6    
Copper derivatives | Level 2 | Futures and Swaps        
Derivatives: [Abstract]        
Derivative Liability   11    
Copper derivatives | Level 2 | Forward Contracts        
Derivatives: [Abstract]        
Derivative Liability   0 0  
Copper derivatives | Level 3        
Derivatives:        
Derivative Asset   0    
Copper derivatives | Level 3 | Futures and Swaps        
Derivatives: [Abstract]        
Derivative Liability   0    
Copper derivatives | Level 3 | Forward Contracts        
Derivatives: [Abstract]        
Derivative Liability   0 0  
Copper derivatives | Carrying Amount, Fair Value Disclosure [Member]        
Derivatives:        
Derivative Asset   10    
Copper derivatives | Carrying Amount, Fair Value Disclosure [Member] | Futures and Swaps        
Derivatives: [Abstract]        
Derivative Liability   28    
Copper derivatives | Carrying Amount, Fair Value Disclosure [Member] | Forward Contracts        
Derivatives: [Abstract]        
Derivative Liability   1 1  
Copper derivatives | Estimate of Fair Value Measurement [Member]        
Derivatives:        
Derivative Asset   10    
Copper derivatives | Estimate of Fair Value Measurement [Member] | Futures and Swaps        
Derivatives: [Abstract]        
Derivative Liability   28    
Copper derivatives | Estimate of Fair Value Measurement [Member] | Forward Contracts        
Derivatives: [Abstract]        
Derivative Liability   1 1  
Future | NAV        
Derivatives:        
Derivative Asset     0  
Future | Level 1        
Derivatives:        
Derivative Asset     3  
Future | Level 2        
Derivatives:        
Derivative Asset     1  
Future | Level 3        
Derivatives:        
Derivative Asset     0  
Future | Carrying Amount, Fair Value Disclosure [Member]        
Derivatives:        
Derivative Asset     4  
Future | Estimate of Fair Value Measurement [Member]        
Derivatives:        
Derivative Asset     4  
U.S. core fixed income fund | NAV        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   27 27  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   66 65  
U.S. core fixed income fund | Level 1        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   0 0  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
U.S. core fixed income fund | Level 2        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   0 0  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
U.S. core fixed income fund | Level 3        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   0 0  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
U.S. core fixed income fund | Carrying Amount, Fair Value Disclosure [Member]        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   27 27  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   66 65  
U.S. core fixed income fund | Estimate of Fair Value Measurement [Member]        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   27 27  
Assets [Abstract]        
Trust Assets Fair Value Disclosure   66 65  
Equity securities | NAV        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   0 0  
Equity securities | Level 1        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   9 6  
Equity securities | Level 2        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   0 0  
Equity securities | Level 3        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   0 0  
Equity securities | Carrying Amount, Fair Value Disclosure [Member]        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   9 6  
Equity securities | Estimate of Fair Value Measurement [Member]        
Fair Value, Assets and Liabilities Measured on Recurring Basis, Financial Statement Captions [Line Items]        
Marketable Securities   9 6  
Government mortgage-backed securities | NAV        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Government mortgage-backed securities | Level 1        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Government mortgage-backed securities | Level 2        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   54 51  
Government mortgage-backed securities | Level 3        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Government mortgage-backed securities | Carrying Amount, Fair Value Disclosure [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   54 51  
Government mortgage-backed securities | Estimate of Fair Value Measurement [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   54 51  
Government bonds | NAV        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Government bonds | Level 1        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Government bonds | Level 2        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   34 37  
Government bonds | Level 3        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Government bonds | Carrying Amount, Fair Value Disclosure [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   34 37  
Government bonds | Estimate of Fair Value Measurement [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   34 37  
Corporate bonds | NAV        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Corporate bonds | Level 1        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Corporate bonds | Level 2        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   31 29  
Corporate bonds | Level 3        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Corporate bonds | Carrying Amount, Fair Value Disclosure [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   31 29  
Corporate bonds | Estimate of Fair Value Measurement [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   31 29  
Money market funds | NAV        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Money market funds | Level 1        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   19 17  
Money market funds | Level 2        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Money market funds | Level 3        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Money market funds | Carrying Amount, Fair Value Disclosure [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   19 17  
Money market funds | Estimate of Fair Value Measurement [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   19 17  
Asset-backed securities | NAV        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Asset-backed securities | Level 1        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Asset-backed securities | Level 2        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   12 12  
Asset-backed securities | Level 3        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Asset-backed securities | Carrying Amount, Fair Value Disclosure [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   12 12  
Asset-backed securities | Estimate of Fair Value Measurement [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   12 12  
Collateralized mortgage-backed securities | NAV        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Collateralized mortgage-backed securities | Level 1        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Collateralized mortgage-backed securities | Level 2        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   1 1  
Collateralized mortgage-backed securities | Level 3        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   0 0  
Collateralized mortgage-backed securities | Carrying Amount, Fair Value Disclosure [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   1 1  
Collateralized mortgage-backed securities | Estimate of Fair Value Measurement [Member]        
Assets [Abstract]        
Trust Assets Fair Value Disclosure   1 1  
Bank Time Deposits | Carrying Amount, Fair Value Disclosure [Member]        
Derivatives: [Abstract]        
Other current assets   700 1,100  
Other assets   100 100  
Mine Closure And Reclamation Guarantees | Carrying Amount, Fair Value Disclosure [Member]        
Derivatives: [Abstract]        
Other assets   $ 100 $ 100