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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Proceeds from (Payments to) Noncontrolling Interests $ 165 $ 0 $ 0
Cash flow from operating activities:      
Net (loss) income (189) 2,894 2,095
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,412 1,754 1,714
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit) 0 (123) (393)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount 0 (504) 0
Net gain on sales of assets (417) (208) (81)
Stock-based compensation 63 76 71
Net charges for environmental and asset retirement obligations, including accretion 221 262 383
Payments for environmental and asset retirement obligations 244 239 131
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 108 81 120
Payment for Pension and Other Postretirement Benefits (75) (75) (174)
Net loss (gain) on early extinguishment of debt 27 (7) (21)
Deferred income taxes 29 100 76
Loss on disposal of discontinued operations 3 (15) 57
Proceeds from Dividends Received     0
PT-FI Surface Water Tax, Withholding Tax and Environmental Matters, Expense 30 162 0
PT-FI Surface Water Tax, Withholding Tax and Environmental Matters, Payments (67) 0 0
Other Operating Activities, Cash Flow Statement 141 12 (43)
Changes in working capital and other, excluding disposition amounts:      
Accounts receivable 119 649 427
Inventories 259 (537) (169)
Other current assets 60 (28) (28)
Accounts payable and accrued liabilities (60) (106) 110
Accrued income taxes and timing of other tax payments (29) (634) 457
Net cash provided by operating activities 1,482 3,863 4,666
Cash flow from investing activities:      
Capital expenditures (2,652) (1,971) (1,410)
Acquisition of PT Rio Tinto Indonesia 0 (3,500) 0
Proceeds from sales of:      
Other assets 109 93 72
Other, net (12) (97) 17
Net cash used in investing activities (2,103) (5,018) (1,321)
Cash flow from financing activities:      
Proceeds from debt 1,879 632 955
Repayments of debt (3,197) (2,717) (3,812)
Proceeds from sale of PT-FI shares 0 3,500 0
Net proceeds from sale of common stock   3,500  
Cash dividends and distributions paid:      
Common stock (291) (218) (2)
Noncontrolling interests (82) (278) (174)
Other, net (30) (19) (22)
Net cash (used in) provided by financing activities (1,556) 900 (3,055)
Net (decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents     290
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (2,177) (255) 290
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 2,278 4,455 4,710
Metals inventory adjustments 179 4 8
PT Indonesia Papua Metal dan Mineral      
Proceeds from sales of:      
Proceeds from sales   457  
Timok and a portion of Freeport Cobalt [Member]      
Proceeds from sales of:      
Proceeds from sales 452 0  
North America copper mines      
Cash flow from investing activities:      
Capital expenditures (877) (601) (167)
South America      
Cash flow from investing activities:      
Capital expenditures (256) (237) (115)
Indonesia      
Cash flow from investing activities:      
Capital expenditures (1,369) (1,001) (875)
Molybdenum mines      
Cash flow from investing activities:      
Capital expenditures (19) (9) (5)
Other      
Cash flow from investing activities:      
Capital expenditures (131) (123) (248)
PT-FI      
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount 0 (504) 0
Cerro Verde Royalty Dispute      
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Settlement expense 65 371 355
Payments for Legal Settlements (187) $ (56) $ (53)
PT Smelting      
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Proceeds from Dividends Received $ 40