XML 23 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statement of Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital in Excess of Par Value
Accumulated Deficit
AOCI Attributable to Parent
Common Stock Held in Treasury
Total Stockholder's Equity
Noncontrolling Interests
Balance (in shares) at Dec. 31, 2023   1,619.0            
Beginning balance (in shares) at Dec. 31, 2023           184.0    
Balance at Dec. 31, 2023 $ 27,310 $ 162 $ 24,637 $ (2,059) $ (274) $ (5,773) $ 16,693 $ 10,617
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards (in shares)   5.0       1.0    
Exercised and issued stock-based awards 26   54     $ (28) 26  
Stock-based compensation, including the tender of shares (in shares)           1.0    
Stock-based compensation, including the tender of shares 41   77     $ (34) 43 (2)
Treasury stock purchases (in shares)           1.0    
Treasury stock purchases (59)         $ (59) (59)  
Acquisition of additional ownership interest in Cerro Verde (215)   (125)       (125) (90)
Dividends (1,918)   (649)       (649) (1,269)
Change in consolidated subsidiary ownership interests (2)   (3)       (3) (1)
Net loss attributable to common stockholders 1,615     1,615     1,615  
Net income (loss) attributable to noncontrolling interests 2,063             2,063
Other comprehensive income 1       1   1 0
Balance (in shares) at Sep. 30, 2024   1,624.0            
Ending balance (in shares) at Sep. 30, 2024           187.0    
Balance at Sep. 30, 2024 28,866 $ 162 23,997 (444) (273) $ (5,894) 17,548 11,318
Balance (in shares) at Jun. 30, 2024   1,624.0            
Beginning balance (in shares) at Jun. 30, 2024           186.0    
Balance at Jun. 30, 2024 28,686 $ 162 24,321 (970) (274) $ (5,835) 17,404 11,282
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards 1   1       1  
Stock-based compensation, including the tender of shares 14   13       13 1
Treasury stock purchases (in shares)           1.0    
Treasury stock purchases (59)         $ (59) (59)  
Acquisition of additional ownership interest in Cerro Verde (215)   (125)       (125) (90)
Dividends (800)   (216)       (216) (584)
Change in consolidated subsidiary ownership interests (2)   (3)       (3) (1)
Net loss attributable to common stockholders 526     526     526  
Net income (loss) attributable to noncontrolling interests 710             710
Other comprehensive income 1       1   1 0
Balance (in shares) at Sep. 30, 2024   1,624.0            
Ending balance (in shares) at Sep. 30, 2024           187.0    
Balance at Sep. 30, 2024 28,866 $ 162 23,997 (444) (273) $ (5,894) 17,548 11,318
Balance (in shares) at Dec. 31, 2024   1,624.0            
Beginning balance (in shares) at Dec. 31, 2024           187.0    
Balance at Dec. 31, 2024 28,778 $ 162 23,797 (170) (314) $ (5,894) 17,581 11,197
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards (in shares)   2.0            
Exercised and issued stock-based awards 5 $ 1 4       5  
Stock-based compensation, including the tender of shares (in shares)           1.0    
Stock-based compensation, including the tender of shares $ 50   75     $ (23) 52 (2)
Treasury stock purchases (in shares) 2.9         3.0    
Treasury stock purchases $ (107)         $ (107) (107)  
Dividends (1,922)   (216) (432)     (648) (1,274)
Contributions from noncontrolling interests 2             2
Net loss attributable to common stockholders 1,798     1,798     1,798  
Net income (loss) attributable to noncontrolling interests 1,789             1,789
Other comprehensive income 4       4   4  
Balance (in shares) at Sep. 30, 2025   1,626.0            
Ending balance (in shares) at Sep. 30, 2025           191.0    
Balance at Sep. 30, 2025 30,397 $ 163 23,660 1,196 (310) $ (6,024) 18,685 11,712
Balance (in shares) at Jun. 30, 2025   1,626.0            
Beginning balance (in shares) at Jun. 30, 2025           191.0    
Balance at Jun. 30, 2025 29,996 $ 163 23,642 738 (311) $ (6,024) 18,208 11,788
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards 3   3       3  
Stock-based compensation, including the tender of shares 13   15       15 (2)
Dividends (865)     (216)     (216) (649)
Contributions from noncontrolling interests 2             2
Net loss attributable to common stockholders 674     674     674  
Net income (loss) attributable to noncontrolling interests 573             573
Other comprehensive income 1       1   1  
Balance (in shares) at Sep. 30, 2025   1,626.0            
Ending balance (in shares) at Sep. 30, 2025           191.0    
Balance at Sep. 30, 2025 $ 30,397 $ 163 $ 23,660 $ 1,196 $ (310) $ (6,024) $ 18,685 $ 11,712