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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Proceeds from (Payments to) Noncontrolling Interests $ 156 $ 165 $ 0
Cash flow from operating activities:      
Net income (loss) 865 (189) 2,894
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 1,528 1,412 1,754
Tax Cuts and Jobs Act of 2017, provisional income tax expense (benefit) 0 0 (123)
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount 0 0  
Payments for Legal Settlements (139) (187) (56)
Net gain on sales of assets (473) (417) (208)
Stock-based compensation 99 63 76
Net charges for environmental and asset retirement obligations, including accretion 181 221 262
Payments for environmental and asset retirement obligations 216 244 239
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash 65 108 81
Payment for Pension and Other Postretirement Benefits (121) (75) (75)
Net loss (gain) on early extinguishment of debt 101 27 (7)
Deferred income taxes 181 29 100
Proceeds from Dividends Received   40 0
PT-FI Surface Water Tax, Withholding Tax and Environmental Matters, Expense (19) 30 162
PT-FI Surface Water Tax, Withholding Tax and Environmental Matters, Payments (14) (67) 0
Cerro Verde royalty dispute, charges 32 65 371
Other Operating Activities, Cash Flow Statement 53 138 27
Changes in working capital and other:      
Accounts receivable 132 119 649
Inventories 42 259 (537)
Other current assets (27) 60 (28)
Accounts payable and accrued liabilities 115 (60) (106)
Accrued income taxes and timing of other tax payments 403 (29) (634)
Net cash provided by operating activities 3,017 1,482 3,863
Cash flow from investing activities:      
Capital expenditures (1,961) (2,652) (1,971)
Acquisition of PT Rio Tinto Indonesia 0 0 (3,500)
Proceeds from sales of:      
Proceeds from sales 0    
Other, net (7) (12) (97)
Net cash used in investing activities (1,264) (2,103) (5,018)
Cash flow from financing activities:      
Proceeds from debt 3,531 1,879 632
Repayments of debt (3,724) (3,197) (2,717)
Proceeds from sale of PT-FI shares 0 0 3,500
Cash dividends and distributions paid:      
Common stock (73) (291) (218)
Noncontrolling interests 0 (82) (278)
Other, net (18) (30) (19)
Net cash (used in) provided by financing activities (128) (1,556) 900
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1,625 (2,177) (255)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3,903 2,278 4,455
Inventory Adjustment 96 179 4
PT Indonesia Papua Metal dan Mineral      
Proceeds from sales of:      
Proceeds from sales   0 457
Timok and a portion of Freeport Cobalt [Member]      
Proceeds from sales of:      
Proceeds from sales 0 452 0
Kisanfu Exploration Project      
Proceeds from sales of:      
Proceeds from sales 550 0 0
Other Assets      
Proceeds from sales of:      
Proceeds from sales 154 109 93
North America copper mines      
Cash flow from investing activities:      
Capital expenditures (428) (877) (601)
South America      
Cash flow from investing activities:      
Capital expenditures (183) (256) (237)
Indonesia      
Cash flow from investing activities:      
Capital expenditures (1,266) (1,369) (1,001)
Molybdenum mines      
Cash flow from investing activities:      
Capital expenditures (19) (19) (9)
Other      
Cash flow from investing activities:      
Capital expenditures (65) (131) (123)
PT-FI      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount 0 0 (504)
Asbestos Contamination in Talc-Based Personal Care Products [Member]      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Settlement expense (130) $ 0 $ 0
PT Smelting      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Proceeds from Dividends Received $ 3