v3.25.2
Debt and Equity - Additional Information (Details) - USD ($)
$ / shares in Units, shares in Millions
3 Months Ended 6 Months Ended 44 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Jul. 31, 2025
Dec. 31, 2024
Debt Instrument [Line Items]            
Interest costs $ 181,000,000 $ 181,000,000 $ 355,000,000 $ 356,000,000    
Interest costs capitalized $ 99,000,000 $ 93,000,000 $ 203,000,000 $ 179,000,000    
Treasury stock purchases (in shares)     2.9      
Shares repurchased     $ 107,000,000      
Cost per share repurchased (in dollars per share)     $ 36.41      
Dividends declared per share of common stock (in dollars per share) $ 0.15 $ 0.15 $ 0.30 $ 0.30    
Base cash dividend (in dollars per share) 0.075          
Variable cash dividend (in dollars per share) $ 0.075          
Subsequent event            
Debt Instrument [Line Items]            
Stock repurchase program, authorized amount         $ 3,000,000,000  
Subsequent event | Share Repurchase Program            
Debt Instrument [Line Items]            
Treasury stock purchases (in shares)         52.0  
Cost per share repurchased (in dollars per share)         $ 38.51  
Line of Credit | Revolving Credit Facility | October 2022 Unsecured Revolving Credit Facility            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity $ 3,000,000,000   $ 3,000,000,000      
Line of credit 0   0      
Line of Credit | Revolving Credit Facility | PT-FI | October 2022 Unsecured Revolving Credit Facility            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity 500,000,000   500,000,000      
Line of Credit | Letter of Credit            
Debt Instrument [Line Items]            
Revolving credit facility, availability 1,500,000,000   1,500,000,000      
Line of credit 5,000,000   5,000,000      
Line of Credit | Unsecured Credit Facility | PT-FI            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity 1,750,000,000   1,750,000,000      
Line of credit 250,000,000   250,000,000     $ 250,000,000
Line of Credit | Unsecured Credit Facility | Cerro Verde            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity 350,000,000   350,000,000      
Line of credit $ 0   $ 0