XML 138 R97.htm IDEA: XBRL DOCUMENT v3.22.4
FINANCIAL INSTRUMENTS (Unrealized gains losses) (Details)
oz in Thousands, lb in Millions, $ in Millions
1 Months Ended 2 Months Ended 12 Months Ended
Apr. 30, 2020
lb
$ / lb
Jun. 30, 2020
Dec. 31, 2022
USD ($)
lb
oz
$ / lb
$ / lb
$ / oz
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
North America          
Realized gains (losses):          
Percent of Copper Sale Volume   60.00%      
Derivatives Not Designated as Hedging Instruments | Amounts recorded in Sales [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net     $ (491) $ 423 $ 304
Commodity Contract [Member]          
Unrealized gains (losses):          
Derivative financial instruments     11 4 (9)
Hedged item - firm sales commitments     11 4 (9)
Realized gains (losses):          
Matured derivative financial instruments     $ (63) 65 22
Commodity Contract [Member] | Designated as Hedging Instrument [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb     82    
Derivative, Average Forward Price | $ / lb     3.80    
Copper Forward Contracts          
Unrealized gains (losses):          
Derivative financial instruments         24
Realized gains (losses):          
Derivative, Forward Price | $ / lb 2.34        
Copper Forward Contracts | Designated as Hedging Instrument [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb 150        
Copper Forward Contracts | Derivatives Not Designated as Hedging Instruments          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb     6    
Derivative, Average Forward Price | $ / lb     3.82    
Copper Forward Contracts | Derivatives Not Designated as Hedging Instruments | Amounts recorded in Cost of Sales          
Realized gains (losses):          
Matured derivative financial instruments     $ 37 (15) 3
Copper | Derivatives Not Designated as Hedging Instruments | Amounts recorded in Sales [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net     $ (479) 425 259
Copper | Short [Member] | Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb     861    
Derivative, Average Forward Price | $ / lb     3.62    
Realized gains (losses):          
Derivative Average Market Price | $ / lb     3.80    
Copper | Long [Member] | Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb     180    
Derivative, Average Forward Price | $ / lb     3.59    
Realized gains (losses):          
Derivative Average Market Price | $ / lb     3.80    
Gold | Short [Member] | Embedded Derivative Financial Instruments [Member] | Derivatives Not Designated as Hedging Instruments          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | oz     240    
Derivative, Average Forward Price | $ / oz     1,769    
Realized gains (losses):          
Derivative Average Market Price | $ / oz     1,823    
gold and other [Member] | Derivatives Not Designated as Hedging Instruments | Amounts recorded in Sales [Member]          
Derivative Instruments, Gain (Loss) [Line Items]          
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net     $ (12) $ (2) $ 45