BUSINESS SEGMENTS INFORMATION (Product Revenue) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Product revenue [Line Items]
Royalty Expense	$ (442)	$ (346)	$ (366)
Treatment and refining charges included in copper concentrates revenues	(396)	(538)	(503)
Export Duties Expense	(457)	(307)	(325)
Revenue from Contract with Customer, Excluding Assessed Tax	25,169	22,703	23,271
Revenues	25,455	22,855	22,780
Indonesia
Product revenue [Line Items]
Revenues	1,108	767	3,026
Indonesia | Disputes
Product revenue [Line Items]
Export Duties Expense		(17)	18
Cathode
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	8,316	6,629	5,134
Concentrate
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	6,726	7,127	9,650
Rod and other refined copper products
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	3,851	3,659	3,699
Purchased Copper [Member]
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	693	416	481
Gold
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	4,446	3,472	3,397
Molybdenum
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1,801	2,006	1,416
Other
Product revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	631	585	688
Derivatives Not Designated as Hedging Instruments | Sales [Member]
Product revenue [Line Items]
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net	$ 286	$ 152	$ (491)