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Business Segments (Segment Reporting) (Details)
lb in Millions, $ in Millions
1 Months Ended 3 Months Ended 9 Months Ended
Apr. 30, 2020
lb
$ / lb
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
Sep. 30, 2020
USD ($)
segment
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Segment Reporting Information [Line Items]            
Number of Operating Segments | segment       4    
Deferred Intercompany Profit, Percentage       25.00%    
Revenues   $ 3,851 $ 3,153 $ 9,703 $ 10,491  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (2,465) (2,670) (7,404) (8,599)  
Cost, Depreciation, Amortization and Depletion   394 322 1,093 1,021  
Metals inventory adjustments   9 41 92 100  
Selling, general and administrative expenses   (72) (101) (273) (300)  
Mining exploration and research expenses   8 25 42 83  
Environmental obligations and shutdown costs   21 20 58 85  
Net gain on sales of assets   2 12 13 (13)  
Operating income (loss)   880 (38) 728 316  
Interest expense, net   120 123 362 401  
Provision for (benefit from) income taxes   297 91 333 181  
Total assets   41,099 40,943 41,099 40,943 $ 40,809
Capital expenditures   436 666 1,573 1,917  
Operating Segments | North America            
Segment Reporting Information [Line Items]            
Revenues   16 80 61 272  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (768) (896) (2,415) (2,463)  
Cost, Depreciation, Amortization and Depletion   91 91 272 261  
Metals inventory adjustments   (4) 38 52 39  
Selling, general and administrative expenses   (1) (2) (3) (4)  
Mining exploration and research expenses   0 0 2 1  
Environmental obligations and shutdown costs   (3) 0 (3) 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   384 113 469 526  
Interest expense, net   0 1 2 3  
Provision for (benefit from) income taxes   0 0 0 0  
Total assets   7,791 7,948 7,791 7,948  
Capital expenditures   66 224 398 641  
Operating Segments | South America            
Segment Reporting Information [Line Items]            
Revenues   740 621 1,791 2,136  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (477) (528) (1,449) (1,648)  
Cost, Depreciation, Amortization and Depletion   105 109 315 342  
Metals inventory adjustments   0 2 3 2  
Selling, general and administrative expenses   (2) (2) (5) (6)  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   222 45 175 400  
Interest expense, net   21 25 69 79  
Provision for (benefit from) income taxes   109 33 76 149  
Total assets   10,209 10,223 10,209 10,223  
Capital expenditures   31 68 156 176  
Corporate And Eliminations            
Segment Reporting Information [Line Items]            
Revenues   266 423 780 1,350  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   1,034 770 2,676 2,158  
Cost, Depreciation, Amortization and Depletion   21 20 51 59  
Metals inventory adjustments   8 0 26 58  
Selling, general and administrative expenses   (39) (61) (169) (184)  
Mining exploration and research expenses   8 25 40 82  
Environmental obligations and shutdown costs   24 20 60 85  
Net gain on sales of assets   2 12 13 (13)  
Operating income (loss)   (145) (168) (457) (601)  
Interest expense, net   99 91 285 300  
Provision for (benefit from) income taxes   (23) 67 (46) 39  
Total assets   3,103 3,623 3,103 3,623  
Capital expenditures   4 25 24 76  
Intersegment            
Segment Reporting Information [Line Items]            
Revenues   0 0 0 0  
Intersegment | North America            
Segment Reporting Information [Line Items]            
Revenues   1,221 1,060 3,149 3,022  
Intersegment | South America            
Segment Reporting Information [Line Items]            
Revenues   66 65 156 262  
PT Smelting | Affiliated Entity [Member]            
Segment Reporting Information [Line Items]            
Revenues   506 475 1,300 1,400  
Morenci [Member] | Operating Segments | North America            
Segment Reporting Information [Line Items]            
Revenues   4 61 26 89  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (308) (377) (1,005) (1,020)  
Cost, Depreciation, Amortization and Depletion   42 45 129 128  
Metals inventory adjustments   0 1 4 1  
Selling, general and administrative expenses   (1) (1) (2) (2)  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   237 99 359 349  
Interest expense, net   0 0 2 2  
Provision for (benefit from) income taxes   0 0 0 0  
Total assets   2,654 2,943 2,654 2,943  
Capital expenditures   21 61 92 172  
Morenci [Member] | Intersegment | North America            
Segment Reporting Information [Line Items]            
Revenues   584 462 1,473 1,411  
Bagdad [Member] | Operating Segments | North America            
Segment Reporting Information [Line Items]            
Revenues   0 0 0 0  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (123) (140) (367) (388)  
Cost, Depreciation, Amortization and Depletion   14 12 41 33  
Metals inventory adjustments   0 0 0 0  
Selling, general and administrative expenses   0 (1) 0 (1)  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   70 56 124 169  
Interest expense, net   0 0   0  
Provision for (benefit from) income taxes   0 0 0 0  
Total assets   785 769 785 769  
Capital expenditures   7 42 44 100  
Bagdad [Member] | Operating Segments | Bagdad [Member]            
Segment Reporting Information [Line Items]            
Interest expense, net       0    
Bagdad [Member] | Intersegment | North America            
Segment Reporting Information [Line Items]            
Revenues   207 209 532 591  
Other Mines North America Copper Mines Segment [Member] | Operating Segments | North America            
Segment Reporting Information [Line Items]            
Metals inventory adjustments     37   38  
Other Individually Immaterial Operating Segments [Member] | Operating Segments | North America            
Segment Reporting Information [Line Items]            
Revenues   12 19 35 183  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (337) (379) (1,043) (1,055)  
Cost, Depreciation, Amortization and Depletion   35 34 102 100  
Metals inventory adjustments   (4)   48    
Selling, general and administrative expenses   0 0 (1) (1)  
Mining exploration and research expenses   0 0 2 1  
Environmental obligations and shutdown costs   (3) 0 (3) 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   77 (42) (14) 8  
Interest expense, net   0 1 0 1  
Provision for (benefit from) income taxes   0 0 0 0  
Total assets   4,352 4,236 4,352 4,236  
Capital expenditures   38 121 262 369  
Other Individually Immaterial Operating Segments [Member] | Operating Segments | South America            
Segment Reporting Information [Line Items]            
Revenues   108 117 312 343  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (83) (111) (297) (337)  
Cost, Depreciation, Amortization and Depletion   13 16 42 48  
Metals inventory adjustments   0 0 3 0  
Selling, general and administrative expenses   0 0 0 0  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   12 (10) (30) (42)  
Interest expense, net   0 0 0 0  
Provision for (benefit from) income taxes   4 4 (6) (10)  
Total assets   1,640 1,723 1,640 1,723  
Capital expenditures   5 7 40 16  
Other Individually Immaterial Operating Segments [Member] | Intersegment | North America            
Segment Reporting Information [Line Items]            
Revenues   430 389 1,144 1,020  
Other Individually Immaterial Operating Segments [Member] | Intersegment | South America            
Segment Reporting Information [Line Items]            
Revenues   0 0 0 0  
Cerro Verde [Member] | Operating Segments | South America            
Segment Reporting Information [Line Items]            
Revenues   632 504 1,479 1,793  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (394) (417) (1,152) (1,311)  
Cost, Depreciation, Amortization and Depletion   92 93 273 294  
Metals inventory adjustments   0 2 0 2  
Selling, general and administrative expenses   (2) (2) (5) (6)  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   210 55 205 442  
Interest expense, net   21 25 69 79  
Provision for (benefit from) income taxes   105 29 82 159  
Total assets   8,569 8,500 8,569 8,500  
Capital expenditures   26 61 116 160  
Cerro Verde [Member] | Intersegment | South America            
Segment Reporting Information [Line Items]            
Revenues   66 65 156 262  
Grasberg Segment [Member]            
Segment Reporting Information [Line Items]            
Capital expenditures       959 992  
Grasberg Segment [Member] | Operating Segments | Indonesia            
Segment Reporting Information [Line Items]            
Revenues   1,023 488 2,151 1,776  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (409) (399) (1,130) (1,509)  
Cost, Depreciation, Amortization and Depletion   150 77 375 281  
Metals inventory adjustments   0 0 0 0  
Selling, general and administrative expenses   (25) (31) (81) (91)  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   442 (19) 603 (48)  
Interest expense, net   0 1 2 2  
Provision for (benefit from) income taxes   211 (8) 302 (9)  
Total assets   17,098 16,447 17,098 16,447  
Capital expenditures   325 334 959 992  
Grasberg Segment [Member] | Intersegment | Indonesia            
Segment Reporting Information [Line Items]            
Revenues   3 0 38 57  
Molybdenum            
Segment Reporting Information [Line Items]            
Capital expenditures       14 11  
Molybdenum | Operating Segments            
Segment Reporting Information [Line Items]            
Revenues   0 0 0 0  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (51) (85) (178) (234)  
Cost, Depreciation, Amortization and Depletion   13 16 44 50  
Metals inventory adjustments   3 1 8 1  
Selling, general and administrative expenses   0 0 0 0  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   (25) (12) (59) 5  
Interest expense, net   0 0 0 0  
Provision for (benefit from) income taxes   0 0 0 0  
Total assets   1,770 1,786 1,770 1,786  
Capital expenditures   3 5 14 11  
Molybdenum | Intersegment            
Segment Reporting Information [Line Items]            
Revenues   42 90 171 290  
Rod and Refining Segment [Member] | Operating Segments            
Segment Reporting Information [Line Items]            
Revenues   1,270 1,104 3,491 3,403  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (1,272) (1,111) (3,529) (3,415)  
Cost, Depreciation, Amortization and Depletion   6 2 14 7  
Metals inventory adjustments   2 0 3 0  
Selling, general and administrative expenses   0 0 0 0  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 1 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   (2) (1) (32) (1)  
Interest expense, net   0 0 0 0  
Provision for (benefit from) income taxes   0 0 0 0  
Total assets   251 236 251 236  
Capital expenditures   1 1 5 3  
Rod and Refining Segment [Member] | Intersegment            
Segment Reporting Information [Line Items]            
Revenues   8 8 24 18  
Atlantic Copper Smelting and Refining Segment [Member] | Operating Segments            
Segment Reporting Information [Line Items]            
Revenues   536 437 1,429 1,554  
Cost of Goods Sold, Excluding Depreciation, Depletion, and Amortization (Deprecated 2019-01-31)   (522) (421) (1,379) (1,488)  
Cost, Depreciation, Amortization and Depletion   8 7 22 21  
Metals inventory adjustments   0 0 0 0  
Selling, general and administrative expenses   (5) (5) (15) (15)  
Mining exploration and research expenses   0 0 0 0  
Environmental obligations and shutdown costs   0 0 0 0  
Net gain on sales of assets   0 0 0 0  
Operating income (loss)   4 4 29 35  
Interest expense, net   0 5 4 17  
Provision for (benefit from) income taxes   0 (1) 1 2  
Total assets   877 680 877 680  
Capital expenditures   6 9 17 18  
Atlantic Copper Smelting and Refining Segment [Member] | Intersegment            
Segment Reporting Information [Line Items]            
Revenues   3 0 16 5  
Corporate And Eliminations | Intersegment            
Segment Reporting Information [Line Items]            
Revenues   $ (1,343) $ (1,223) (3,554) $ (3,654)  
Forward Contracts [Member] | Designated as Hedging Instrument [Member]            
Segment Reporting Information [Line Items]            
Matured derivative financial instruments       $ 24    
Derivative, Nonmonetary Notional Amount, Mass | lb 150          
Derivative, Average Forward Price | $ / lb 2.34