v3.25.2
Financial Instruments - Unrealized gains losses (Details)
oz in Thousands, lb in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
oz
lb
Jun. 30, 2025
USD ($)
$ / lb
$ / lb
$ / oz
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
lb
$ / lb
$ / lb
$ / oz
Jun. 30, 2024
USD ($)
Commodity Contract          
Unrealized gains (losses):          
Derivative financial instruments   $ (14) $ 1 $ 67 $ 10
Hedged item – firm sales commitments   14 (1) (67) (10)
Realized gains (losses):          
Matured derivative financial instruments   10 28 30 29
Matured derivative financial instruments   $ 10 28 $ 30 29
Commodity Contract | Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb       109  
Derivative, Average Forward Price | $ / lb   4.75   4.75  
Forward Contracts | Not Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb       53  
Derivative, Average Forward Price | $ / lb   4.47   4.47  
Realized gains (losses):          
Matured derivative financial instruments   $ (2) (17) $ (40) (26)
Matured derivative financial instruments   (2) (17) (40) (26)
Copper | Not Designated as Hedging Instrument          
Realized gains (losses):          
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net   $ 34 181 $ 150 247
Copper | Short [Member] | Embedded Derivative Financial Instruments | Not Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb 440        
Derivative, Average Forward Price | $ / lb   4.34   4.34  
Realized gains (losses):          
Derivative Average Market Price | $ / lb   4.49   4.49  
Copper | Long [Member] | Embedded Derivative Financial Instruments | Not Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | lb 107        
Derivative, Average Forward Price | $ / lb   4.36   4.36  
Realized gains (losses):          
Derivative Average Market Price | $ / lb   4.49   4.49  
Gold | Short [Member] | Embedded Derivative Financial Instruments | Not Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Nonmonetary Notional Amount, Mass | oz 81        
Derivative, Average Forward Price | $ / oz   3,334   3,334  
Realized gains (losses):          
Derivative Average Market Price | $ / oz   3,297   3,297  
gold and other | Not Designated as Hedging Instrument          
Realized gains (losses):          
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net   $ 22 $ 45 $ 60 $ 89