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Business Segments (Tables)
 9 Months Ended
Sep. 30, 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 third quarters and for the first nine months of 2025 and 2024 follow:
Three Months EndedNine Months Ended
September 30,September 30,
 2025202420252024
Copper:
Concentrate$1,967 $1,788 $5,376 $5,204 
Cathode1,817 2,072 6,015 6,304 
Rod and other refined copper products1,330 1,012 3,259 2,939 
Purchased coppera
18 150 489 558 
Gold1,204 1,394 3,512 3,497 
Molybdenum504 450 1,425 1,339 
Silver and other223 173 535 470 
Adjustments to revenues:
PTFI export dutiesb
(135)(129)(337)(360)
Royalty expensec
(107)(131)(310)(344)
Treatment chargesd
(2)(99)(45)(318)
Revenues from contracts with customers6,819 6,680 19,919 19,289 
Embedded derivativese
153 110 363 446 
Total consolidated revenues$6,972 $6,790 $20,282 $19,735 
a.FCX purchases copper cathode primarily for processing by its U.S. Rod & Refining operations. During 2025, FCX has been able to meet customer demand for copper rod with copper cathode produced by its U.S. copper mines and South America operations, resulting in a decrease in purchased copper volumes.
b.Prior to the expiration of its export license on September 16, 2025, PTFI was assessed export duties on copper concentrate sales at a rate of 7.5%.
c.Reflects royalties on sales from PTFI and Cerro Verde that will vary with the volume of metal sold and prices.
d.Revenues from our copper concentrate sales are recorded net of treatment charges, which will vary with the sales volumes and the price of copper. The 2025 periods primarily reflect lower treatment charge rates as a result of favorable market conditions.
e.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,
U.S. Copper MinesSouth America OperationsU.S.CopperOther
CerroIndonesiaMolybdenumRod &Smelting& Elimi-FCX
MorenciOtherTotalVerdeOtherTotalOperationsMinesRefining& RefiningnationsTotal
Three Months Ended September 30, 2025           
Revenues:            
Unaffiliated customers$46 $12 $58 $979 $204 $1,183 $2,675 $— $1,774 $768 $514 
a
$6,972 
Intersegment653 1,229 1,882 226 5 231 — 177 12 6 (2,308)— 
Production and delivery499 895 1,394 636 166 802 1,024 
b
150 1,773 753 (1,691)4,205 
Depreciation, depletion and amortization (DD&A)55 79 134 97 17 114 331 
b
22 2 7 15 625 
Selling, general and administrative expenses— 1 1 2 — 2 36 — — 7 85 131 
Exploration and research expenses11 4 15 3 — 3 2 — — — 35 55 
Gain on sales of assets— — — — — — — — — — (16)(16)
Operating income (loss)134 262 396 467 26 493 1,282 5 11 7 (222)1,972 
Interest expense, net— — — (5)— (5)(25)— — (8)(69)(107)
Other (expense) income, net(1)3 2 17 6 23 16 — (1)(1)20 59 
(Provision for) benefit from income taxes— — — (192)(10)(202)(466)— — 3 (4)(669)
Equity in affiliated companies’ net (losses) earnings — — — — — — (9)— — — 1 (8)
Net (income) loss attributable to noncontrolling interests— — — (143)(2)(145)(436)— — — 8 (573)
Net income attributable to common stockholders$674 
Total assets at September 30, 20253,289 7,342 10,631 8,290 2,147 10,437 27,464 2,037 389 1,615 4,255 56,828 
Capital expenditures66 249 315 99 11 110 483 28 19 42 59 1,056 
Three Months Ended September 30, 2024            
Revenues:            
Unaffiliated customers$40 $12 $52 $886 $237 $1,123 $2,856 

$— $1,560 $759 $440 
a
$6,790 
Intersegment553 986 1,539 

193 — 193 126 132 11 6 (2,007)— 
Production and delivery492 811 1,303 630 
c
187 817 918 140 1,562 754 

(1,417)
d
4,077 
DD&A47 62 109 92 18 110 340 19 2 6 14 600 
Selling, general and administrative expenses— 1 1 2 — 2 32 — — 6 76 117 
Exploration and research expenses4 4 8 3 (1)2 2 — — — 26 38 
Environmental obligations and shutdown costs— — — — — — — — — — 20 20 
Operating income (loss)50 120 170 352 33 385 1,690 (27)7 (1)(286)1,938 
Interest expense, net— — — (6)— (6)(10)— — (10)(46)(72)
Other (expense) income, net(1)10 9 22 (2)20 42 — (1)(7)34 97 
(Provision for) benefit from income taxes— — — (148)(10)(158)(625)— — (1)47 (737)
Equity in affiliated companies’ net earnings — — — — — — 6 — — — 4 10 
Net (income) loss attributable to noncontrolling interests— — — (114)
e
(12)(126)(601)— — — 17 (710)
Net income attributable to common stockholders$526 
Total assets at September 30, 20243,172 6,647 9,819 8,276 2,013 10,289 27,474 1,955 294 1,491 4,078 55,400 
Capital expenditures48 215 263 82 18 100 713 25 7 28 63 1,199