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Debt and Equity (Tables)

9 Months Ended

Sep. 30, 2019

The components of debt follow (in millions):



	September 30, 2019			December 31, 2018
Senior notes and debentures:
Issued by FCX	$	8,600		$	9,594
Issued by Freeport Minerals Corporation (FMC)	357			358
Cerro Verde credit facility	825			1,023
Other	137			166
Total debt	9,919			11,141
Less current portion of debt	(4		)	(17		)
Long-term debt	$	9,915		$	11,124

Schedule of Long-term Debt Instruments [Table Text Block]

FCX recorded a loss on early extinguishment of debt totaling $21 million in third-quarter 2019 as follows (in millions):




	Principal Amount		Net Adjustments			Book Value		Redemption/Tender Value		Loss
FCX 6.875% Senior Notes due 2023	$	728	$	34		$	762	$	768	$	6
FCX 4.00% Senior Notes due 2021	405		(2		)	403		418		15
FCX 3.55% Senior Notes due 2022	12		—			12		12		—
	$	1,145	$	32		$	1,177	$	1,198	$	21

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details