v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 3,737 $ 3,824
Restricted cash and cash equivalents 280 230
Trade accounts receivable 681 977
Value added and other tax receivables 666 686
Inventories:    
Product 3,042 3,332
Materials and supplies, net 2,865 2,738
Mill and leach stockpiles 1,513 1,423
PT Freeport Indonesia (PTFI) mud rush incident insurance settlement receivable 699 0
Other current assets 609 580
Total current assets 14,092 13,790
Property, plant, equipment and mine development costs, net 41,101 40,736
Long-term mill and leach stockpiles 1,100 1,173
Long-term tax receivables 832 810
Other assets 1,715 1,658
Total assets 58,840 58,167
Current liabilities:    
Accounts payable and accrued liabilities 4,142 4,565
Accrued income taxes 725 456
Current portion of debt 500 466
Current portion of environmental and asset retirement obligations 323 313
Dividends payable - common stock 217 219
Total current liabilities 5,907 6,019
Long-term debt, less current portion 8,914 8,913
Environmental and asset retirement obligations, less current portion 5,592 5,541
Deferred income taxes 4,641 4,622
Long-term leases, less current portion 987 1,010
Other liabilities 1,288 1,296
Total liabilities 27,329 27,401
Stockholders’ equity:    
Common stock 163 163
Capital in excess of par value 23,713 23,680
Retained earnings 2,050 1,385
Accumulated other comprehensive loss (304) (305)
Common stock held in treasury (6,117) (6,024)
Total stockholders’ equity 19,505 18,899
Noncontrolling interests 12,006 11,867
Total equity 31,511 30,766
Total liabilities and equity $ 58,840 $ 58,167