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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Revenue from External Customers by Products and Services
Product Revenues. FCX’s revenues attributable to the products it sold for the first quarters of 2025 and 2024 follow:
Three Months Ended
March 31,
 20252024
Copper:
Cathode$2,025 $1,959 
Concentrate1,386 1,820 
Rod and other refined copper products960 953 
Purchased coppera
298 146 
Gold475 1,168 
Molybdenum442 417 
Silver and other139 153 
Adjustments to revenues:
Royalty expenseb
(68)(120)
PTFI export dutiesc
(55)(156)
Treatment charges(28)(129)
Revenues from contracts with customers5,574 6,211 
Embedded derivativesd
154 110 
Total consolidated revenues$5,728 $6,321 
a.FCX purchases copper cathode primarily for processing by its Rod & Refining operations.
b.Reflects royalties on sales from PTFI and Cerro Verde that will vary with the volume of metal sold and prices.
c.Reflects an export duty of 7.5% on copper concentrate exports.
d.Refer to Note 5 for discussion of embedded derivatives related to FCX’s provisionally priced copper concentrate and cathode sales contracts.
Schedule of Segment Reporting Information, by Segment
Financial Information by Business Segment
AtlanticCorporate,
United States Copper MinesSouth America OperationsCopperOther
CerroIndonesiaMolybdenumRod &Smelting& Elimi-FCX
MorenciOtherTotalVerdeOtherTotalOperationsMinesRefining& RefiningnationsTotal
Three Months Ended March 31, 2025           
Revenues:            
Unaffiliated customers$83 $108 $191 $917 $212 $1,129 $1,564 $— $1,624 $752 $468 
a
$5,728 
Intersegment494 945 1,439 174 73 247 6 177 8 3 (1,880)— 
Production and delivery419 793 1,212 587 201 788 578 

122 1,622 734 (1,300)
b
3,756 
Depreciation, depletion and amortization (DD&A)50 74 124 91 20 111 186 26 1 7 11 466 
Selling, general and administrative expenses
— 1 1 2 — 2 27 — — 9 115 154 
Exploration and research expenses6 6 12 2 2 4 2 — — — 21 39 
Environmental obligations and shutdown costs
(7)— (7)— — — — — — — 17 10 
Operating income (loss)109 179 288 409 62 471 777 29 9 5 (276)1,303 
Interest expense, net— — — 4 — 4 9 — — 11 46 70 
Other (expense) income, net(1)3 2 32 (1)31 16 — — (5)14 58 
Provision for income taxes— — — 171 22 193 288 — — 10 9 500 
Equity in affiliated companies’ net earnings (losses)— — — — — — 3 — — — (1)2 
Net income attributable to noncontrolling interests— — — 126 17 143 275 — — — 23 441 
Net income attributable to common stockholders352 
Total assets at March 31, 20253,239 6,950 10,189 8,166 2,073 10,239 28,006 2,021 364 1,448 3,755 56,022 
Capital expenditures59 196 255 74 11 85 704 19 17 43 49 1,172 
Three Months Ended March 31, 2024            
Revenues:            
Unaffiliated customers$37 $40 $77 $826 $208 $1,034 $2,648 

$— $1,489 $673 $400 
a
$6,321 
Intersegment540 885 1,425 

102 — 102 177 145 10 — (1,859)— 
Production and delivery459 765 1,224 603 170 773 861 119 1,487 650 

(1,270)
c
3,844 
DD&A48 64 112 92 16 108 335 16 1 7 16 595 
Selling, general and administrative expenses
— 1 1 2 — 2 31 — — 9 101 144 
Exploration and research expenses4 8 12 3 1 4 2 — — — 19 37 
Environmental obligations and shutdown costs
— — — — — — — — — — 67 67 
Operating income (loss)66 87 153 228 21 249 1,596 10 11 7 (392)1,634 
Interest expense, net— — — 5 — 5 1 — — 10 73 89 
Other (expense) income, net— (2)(2)11 13 24 38 — — 6 63 129 
Provision for (benefit from) income taxes— — — 91 12 103 409 
d
— — (13)13 512 
Equity in affiliated companies’ net (losses) earnings — — — — — — (2)— — — 2 — 
Net income (loss) attributable to noncontrolling interests— — — 76 14 90 600 
d
— — — (1)689 
Net income attributable to common stockholders473 
Total assets at March 31, 20243,148 6,315 9,463 8,075 1,960 10,035 27,162 1,885 257 1,354 4,042 54,198 
Capital expenditures44 193 237 60 22 82 842 27 5 23 38 1,254