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Business Segments (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Revenue from External Customers by Products and Services
Product Revenues. FCX’s revenues attributable to the products it sold for the first quarters of 2024 and 2023 follow:

Three Months Ended
March 31,
 20242023
Copper:
Cathode$1,941 $1,511 
Concentrate1,818 1,403 
Rod and other refined copper products953 921 
Purchased coppera
166 204 
Gold1,168 531 
Molybdenum421 592 
Otherb
149 132 
Adjustments to revenues:
PT-FI export dutiesc
(156)(17)
Treatment charges(129)(101)
Royalty expensed
(120)(60)
Revenues from contracts with customers6,211 5,116 
Embedded derivativese
110 273 
Total consolidated revenues$6,321 $5,389 
a.FCX purchases copper cathode primarily for processing by its Rod & Refining operations.
b.Primarily includes revenues associated with silver.
c.PT-FI is currently being assessed export duties for copper concentrates at a rate of 7.5% and was paying a 2.5% export duty in first-quarter 2023.
d.Reflects royalties on sales from PT-FI and Cerro Verde that will vary with the volume of metal sold and prices.
e.Refer to Note 6 for discussion of embedded derivatives related to FCX’s provisionally priced copper concentrate and cathode sales contracts.
Schedule of Segment Reporting Information, by Segment
Financial Information by Business Segment
AtlanticCorporate,
North America Copper MinesSouth America OperationsCopperOther
CerroIndonesiaMolybdenumRod &Smelting& Elimi-FCX
MorenciOtherTotalVerdeOtherTotalOperationsMinesRefining& RefiningnationsTotal
Three Months Ended March 31, 2024           
Revenues:            
Unaffiliated customers$37 $40 $77 $826 $208 $1,034 $2,648 $— $1,489 $673 $400 
a
$6,321 
Intersegment540 885 1,425 102 — 102 177 145 10 — (1,859)— 
Production and delivery459 765 1,224 603 170 773 861 

119 1,487 650 (1,270)3,844 
DD&A48 64 112 92 16 108 335 16 1 7 16 595 
Selling, general and administrative expenses
— 1 1 2 — 2 31 — — 9 101 144 
Exploration and research expenses4 8 12 3 1 4 2 — — — 19 37 
Environmental obligations and shutdown costs
— — — — — — — — — — 67 67 
Operating income (loss)66 87 153 228 21 249 1,596 10 11 7 (392)1,634 
Interest expense, net— — — 5 — 5 1 — — 10 73 89 
Other (expense) income, net— (2)(2)11 13 24 38 — — 6 63 129 
Provision for (benefit from) income taxes— — — 91 12 103 409 
b
— — (13)13 512 
Equity in affiliated companies’ net (losses) earnings — — — — — — (2)— — — 2 — 
Net income (loss) attributable to noncontrolling interests— — — 76 14 90 600 
c
— — — (1)689 
Total assets at March 31, 20243,148 6,315 9,463 8,075 1,960 10,035 27,162 1,885 257 1,354 4,042 54,198 
Capital expenditures44 193 237 60 22 82 842 27 5 23 38 1,254 
Three Months Ended March 31, 2023            
Revenues:            
Unaffiliated customers$32 $97 $129 $958 $234 $1,192 $1,199 

$— $1,523 $749 $597 
a
$5,389 
Intersegment593 948 1,541 

244 — 244 169 223 6 7 (2,190)— 
Production and delivery381 781 1,162 620 187 807 338 96 1,527 734 

(1,499)3,165 
DD&A43 60 103 91 16 107 148 20 1 7 13 399 
Selling, general and administrative expenses
— 1 1 2 — 2 28 — — 8 87 126 
Exploration and research expenses3 16 19 1 1 2 — — — — 10 31 
Environmental obligations and shutdown costs
— 21 21 — — — — — — — 46 67 
Operating income (loss)198 166 364 488 30 518 854 107 1 7 (250)1,601 
Interest expense, net— — — 29 — 29 7 — — 6 109 151 
Other (expense) income, net(1)3 2 18 (6)12 32 — (1)(5)48 88 
Provision for (benefit from) income taxes— — — 187 7 194 330 — — — (25)499 
Equity in affiliated companies’ net earnings (losses) — — — — — — 11 — — — (1)10 
Net income (loss) attributable to noncontrolling interests— — — 140 18 158 271 
c
— — — (43)386 
Total assets at March 31, 20233,142 5,668 8,810 8,612 1,871 10,483 23,462 1,707 221 1,152 5,074 50,909 
Capital expenditures56 140 196 61 39 100 772 9 5 12 27 1,121