XML 51 R34.htm IDEA: XBRL DOCUMENT v3.25.3
Business Segments (Segment Reporting) (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Aug. 31, 2024
Jan. 01, 2023
Segment Reporting Information [Line Items]              
Revenues $ 6,972 $ 6,790 $ 20,282 $ 19,735      
Production and delivery 4,205 4,077 12,243 11,796      
Depreciation, depletion and amortization (DD&A) 625 600 1,759 1,704      
Selling, general and administrative expenses 131 117 412 384      
Exploration and research expenses 55 38 140 115      
Environmental obligations and shutdown costs 0 20 37 115      
Gain on sales of assets (16) 0 (16) 0      
Operating income 1,972 1,938 5,707 5,621      
Interest expense, net (107) (72) (259) (249)      
Other Nonoperating Income (Expense) 59 97 158 295      
Provision for (benefit from) income taxes (669) (737) (2,019) (2,003)      
Equity in affiliated companies’ net (losses) earnings (8) 10 0 14      
Net income attributable to noncontrolling interests (573) (710) (1,789) (2,063)      
Net loss attributable to common stockholders 674 526 1,798 1,615      
Total assets 56,828 55,400 56,828 55,400 $ 54,848    
Capital expenditures 1,056 1,199 3,489 3,569      
Cerro Verde              
Segment Reporting Information [Line Items]              
Investment owned, percent           53.56%  
PT Freeport Indonesia              
Segment Reporting Information [Line Items]              
Provision for (benefit from) income taxes       (182)      
Recovery costs 43            
PT Freeport Indonesia | PT Smelting              
Segment Reporting Information [Line Items]              
Tolling fee 39   39        
PT Freeport Indonesia | FCX              
Segment Reporting Information [Line Items]              
Noncontrolling interest, ownership percentage by parent         81.00%   48.76%
PT Freeport Indonesia | PT Indonesia Asahan Aluminium (Persero) (Inalum) [Member]              
Segment Reporting Information [Line Items]              
Noncontrolling interest, ownership percentage by parent         19.00%    
Operating Segments | North America              
Segment Reporting Information [Line Items]              
Revenues 58 52 376 152      
Production and delivery 1,394 1,303 3,820 3,678      
Depreciation, depletion and amortization (DD&A) 134 109 376 327      
Selling, general and administrative expenses 1 1 3 3      
Exploration and research expenses 15 8 40 34      
Environmental obligations and shutdown costs   0 (7) 0      
Gain on sales of assets 0   0        
Operating income 396 170 1,052 587      
Interest expense, net 0 0 (1) (1)      
Other Nonoperating Income (Expense) 2 9 4 8      
Provision for (benefit from) income taxes 0 0 0 0      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests 0 0 0 0      
Total assets 10,631 9,819 10,631 9,819      
Capital expenditures 315 263 843 743      
Operating Segments | South America              
Segment Reporting Information [Line Items]              
Revenues 1,183 1,123 3,331 3,486      
Production and delivery 802 817 2,358 2,450      
Depreciation, depletion and amortization (DD&A) 114 110 338 332      
Selling, general and administrative expenses 2 2 6 6      
Exploration and research expenses 3 2 11 11      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 493 385 1,338 1,164      
Interest expense, net (5) (6) (13) (16)      
Other Nonoperating Income (Expense) 23 20 76 49      
Provision for (benefit from) income taxes (202) (158) (546) (475)      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests (145) (126) (397) (380)      
Total assets 10,437 10,289 10,437 10,289      
Capital expenditures 110 100 287 272      
Corporate And Eliminations              
Segment Reporting Information [Line Items]              
Revenues 514 440 1,492 1,336      
Production and delivery (1,691) (1,417) (4,427) (4,180)      
Depreciation, depletion and amortization (DD&A) 15 14 40 47      
Selling, general and administrative expenses 85 76 282 261      
Exploration and research expenses 35 26 83 62      
Environmental obligations and shutdown costs   20 44 115      
Gain on sales of assets (16)   (16)        
Operating income (222) (286) (721) (764)      
Interest expense, net (69) (46) (169) (187)      
Other Nonoperating Income (Expense) 20 34 54 128      
Provision for (benefit from) income taxes (4) 47 (33) (15)      
Equity in affiliated companies’ net (losses) earnings 1 4 0 7      
Net income attributable to noncontrolling interests 8 17 (33) (19)      
Total assets 4,255 4,078 4,255 4,078      
Capital expenditures 59 63 166 152      
Asset write-down   32   32      
Abandonment obligations       99      
Corporate And Eliminations | Miami Smelter              
Segment Reporting Information [Line Items]              
Production and delivery     73        
Intersegment              
Segment Reporting Information [Line Items]              
Revenues 0 0 0 0      
Intersegment | North America              
Segment Reporting Information [Line Items]              
Revenues 1,882 1,539 4,908 4,477      
Intersegment | South America              
Segment Reporting Information [Line Items]              
Revenues 231 193 720 477      
Morenci | Operating Segments | North America              
Segment Reporting Information [Line Items]              
Revenues 46 40 192 90      
Production and delivery 499 492 1,353 1,389      
Depreciation, depletion and amortization (DD&A) 55 47 151 140      
Selling, general and administrative expenses 0 0 1 1      
Exploration and research expenses 11 4 25 13      
Environmental obligations and shutdown costs   0 (7) 0      
Gain on sales of assets 0   0        
Operating income 134 50 375 227      
Interest expense, net 0 0 0 0      
Other Nonoperating Income (Expense) (1) (1) (3) (1)      
Provision for (benefit from) income taxes 0 0 0 0      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests 0 0 0 0      
Total assets 3,289 3,172 3,289 3,172      
Capital expenditures 66 48 195 139      
Morenci | Intersegment | North America              
Segment Reporting Information [Line Items]              
Revenues 653 553 1,706 1,680      
Other Individually Immaterial Operating Segments | Operating Segments | North America              
Segment Reporting Information [Line Items]              
Revenues 12 12 184 62      
Production and delivery 895 811 2,467 2,289      
Depreciation, depletion and amortization (DD&A) 79 62 225 187      
Selling, general and administrative expenses 1 1 2 2      
Exploration and research expenses 4 4 15 21      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 262 120 677 360      
Interest expense, net 0 0 (1) (1)      
Other Nonoperating Income (Expense) 3 10 7 9      
Provision for (benefit from) income taxes 0 0 0 0      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests 0 0 0 0      
Total assets 7,342 6,647 7,342 6,647      
Capital expenditures 249 215 648 604      
Other Individually Immaterial Operating Segments | Operating Segments | South America              
Segment Reporting Information [Line Items]              
Revenues 204 237 599 699      
Production and delivery 166 187 545 538      
Depreciation, depletion and amortization (DD&A) 17 18 56 51      
Selling, general and administrative expenses 0 0 1 0      
Exploration and research expenses 0 (1) 2 2      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 26 33 122 108      
Interest expense, net 0 0 0 0      
Other Nonoperating Income (Expense) 6 (2) 7 11      
Provision for (benefit from) income taxes (10) (10) (44) (45)      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests (2) (12) (23) (48)      
Total assets 2,147 2,013 2,147 2,013      
Capital expenditures 11 18 36 63      
Other Individually Immaterial Operating Segments | Intersegment | North America              
Segment Reporting Information [Line Items]              
Revenues 1,229 986 3,202 2,797      
Other Individually Immaterial Operating Segments | Intersegment | South America              
Segment Reporting Information [Line Items]              
Revenues 5 0 127 0      
Cerro Verde | Operating Segments | South America              
Segment Reporting Information [Line Items]              
Revenues 979 886 2,732 2,787      
Production and delivery 636 630 1,813 1,912      
Depreciation, depletion and amortization (DD&A) 97 92 282 281      
Selling, general and administrative expenses 2 2 5 6      
Exploration and research expenses 3 3 9 9      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 467 352 1,216 1,056      
Interest expense, net (5) (6) (13) (16)      
Other Nonoperating Income (Expense) 17 22 69 38      
Provision for (benefit from) income taxes (192) (148) (502) (430)      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests (143) (114) (374) (332)      
Total assets 8,290 8,276 8,290 8,276      
Capital expenditures 99 82 251 209      
Labor and Related Expense   34   99      
Cerro Verde | Intersegment | South America              
Segment Reporting Information [Line Items]              
Revenues 226 193 593 477      
Grasberg Segment | Operating Segments | Indonesia              
Segment Reporting Information [Line Items]              
Revenues 2,675 2,856 7,658 7,689      
Production and delivery 1,024 918 2,726 2,451      
Depreciation, depletion and amortization (DD&A) 331 340 906 923      
Selling, general and administrative expenses 36 32 98 93      
Exploration and research expenses 2 2 5 8      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 1,282 1,690 3,927 4,600      
Interest expense, net (25) (10) (50) (17)      
Other Nonoperating Income (Expense) 16 42 47 110      
Provision for (benefit from) income taxes (466) (625) (1,431) (1,524)      
Equity in affiliated companies’ net (losses) earnings (9) 6 0 7      
Net income attributable to noncontrolling interests (436) (601) (1,359) (1,664)      
Total assets 27,464 27,474 27,464 27,474      
Capital expenditures 483 713 1,927 2,203      
Remediation costs 26   56        
Grasberg Segment | Operating Segments | Indonesia | Mud Rush              
Segment Reporting Information [Line Items]              
Production and delivery (195)   (195)        
Idle facility costs 128   128        
Recovery costs 43   43        
DD&A, idle facilities 24   24        
Grasberg Segment | Intersegment | Indonesia              
Segment Reporting Information [Line Items]              
Revenues 0 126 4 386      
Molybdenum              
Segment Reporting Information [Line Items]              
Capital expenditures     74 88      
Molybdenum | Operating Segments              
Segment Reporting Information [Line Items]              
Revenues 0 0 0 0      
Production and delivery 150 140 400 393      
Depreciation, depletion and amortization (DD&A) 22 19 74 51      
Selling, general and administrative expenses 0 0 0 0      
Exploration and research expenses 0 0 1 0      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 5 (27) 59 (29)      
Interest expense, net 0 0 0 0      
Other Nonoperating Income (Expense) 0 0 (1) 0      
Provision for (benefit from) income taxes 0 0 0 0      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests 0 0 0 0      
Total assets 2,037 1,955 2,037 1,955      
Capital expenditures 28 25 74 88      
Molybdenum | Intersegment              
Segment Reporting Information [Line Items]              
Revenues 177 132 534 415      
Rod and Refining Segment | Operating Segments              
Segment Reporting Information [Line Items]              
Revenues 1,774 1,560 5,090 4,742      
Production and delivery 1,773 1,562 5,088 4,741      
Depreciation, depletion and amortization (DD&A) 2 2 4 4      
Selling, general and administrative expenses 0 0 0 0      
Exploration and research expenses 0 0 0 0      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 11 7 27 29      
Interest expense, net 0 0 0 0      
Other Nonoperating Income (Expense) (1) (1) (2) (1)      
Provision for (benefit from) income taxes 0 0 0 0      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests 0 0 0 0      
Total assets 389 294 389 294      
Capital expenditures 19 7 62 23      
Rod and Refining Segment | Intersegment              
Segment Reporting Information [Line Items]              
Revenues 12 11 29 32      
Atlantic Copper Smelting and Refining Segment | Operating Segments              
Segment Reporting Information [Line Items]              
Revenues 768 759 2,335 2,330      
Production and delivery 753 754 2,278 2,263      
Depreciation, depletion and amortization (DD&A) 7 6 21 20      
Selling, general and administrative expenses 7 6 23 21      
Exploration and research expenses 0 0 0 0      
Environmental obligations and shutdown costs   0 0 0      
Gain on sales of assets 0   0        
Operating income 7 (1) 25 34      
Interest expense, net (8) (10) (26) (28)      
Other Nonoperating Income (Expense) (1) (7) (20) 1      
Provision for (benefit from) income taxes 3 (1) (9) 11      
Equity in affiliated companies’ net (losses) earnings 0 0 0 0      
Net income attributable to noncontrolling interests 0 0 0 0      
Total assets 1,615 1,491 1,615 1,491      
Capital expenditures 42 28 130 88      
Atlantic Copper Smelting and Refining Segment | Intersegment              
Segment Reporting Information [Line Items]              
Revenues 6 6 12 8      
Corporate And Eliminations | Intersegment              
Segment Reporting Information [Line Items]              
Revenues $ (2,308) $ (2,007) $ (6,207) $ (5,795)