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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Revenues $ 5,748 $ 3,054 $ 10,598 $ 5,852
Cost of sales:        
Production and delivery 3,067 2,394 5,853 4,939
Depreciation, depletion and amortization 483 358 902 699
Metals inventory adjustments 0 (139) 1 83
Total cost of sales 3,550 2,613 6,756 5,721
Selling, general and administrative expenses 87 91 187 201
Mining exploration and research expenses 14 18 21 34
Environmental obligations and shutdown costs 33 11 38 37
Net (gain) loss on sales of assets (3) 0 (3) 11
Total costs and expenses 3,681 2,733 6,999 6,004
Operating income (loss) 2,067 321 3,599 (152)
Interest expense, net (148) (115) (293) (242)
Net loss on early extinguishment of debt 0 (9) 0 (41)
Other income, net 9 20 20 40
Income (loss) before income taxes and equity in affiliated companies’ net earnings 1,928 217 3,326 (395)
Provision for income taxes (603) (96) (1,046) (36)
Equity in affiliated companies’ net earnings 6 3 4 6
Net income (loss) from continuing operations 1,331 124 2,284 (425)
Net income 1,331 124 2,284 (425)
Net income (loss) attributable to noncontrolling interests 248 71 483 13
Net income (loss) attributable to common stockholders $ 1,083 $ 53 $ 1,801 $ (438)
Earnings Per Share, Basic and Diluted [Abstract]        
Earnings per share, basic (in dollars per share) $ 0.74 $ 0.03 $ 1.23 $ (0.30)
Earnings Per Share, Diluted $ 0.73 $ 0.03 $ 1.21 $ (0.30)
Basic weighted-average shares of common stock outstanding 1,467 1,453 1,465 1,453
Diluted weighted-average shares of common shares outstanding 1,483 1,458 1,480 1,453
Dividends declared per share of common stock (in dollars per share) $ 0.075 $ 0 $ 0.15 $ 0