v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flow from operating activities:    
Net income $ 1,387 $ 793
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 514 466
PTFI mud rush incident insurance settlement (699) 0
Net charges for environmental and asset retirement obligations, including accretion 71 49
Payments for environmental and asset retirement obligations (38) (50)
Stock-based compensation 68 54
Net charges for defined pension and postretirement plans 12 14
Pension plan contributions (5) (3)
Deferred income taxes 19 26
Charges for PTFI social investment programs 11 15
Payments for PTFI social investment programs (12) (13)
Other, net 28 4
Changes in working capital and other:    
Accounts receivable 325 (215)
Inventories 201 (143)
Other current assets 0 24
Accounts payable and accrued liabilities (671) 2
Accrued income taxes and timing of other tax payments 284 35
Net cash provided by operating activities 1,495 1,058
Cash flow from investing activities:    
Capital expenditures (973) (1,172)
Other, net (12) (4)
Net cash used in investing activities (985) (1,176)
Cash flow from financing activities:    
Proceeds from debt 1,137 1,088
Repayments of debt (1,102) (636)
Finance lease payments (9) (3)
Cash dividends and distributions paid:    
Common stock (218) (218)
Noncontrolling interests (225) 0
Treasury stock purchases (93) (55)
Proceeds from exercised stock options 19 1
Payments for withholding of employee taxes related to stock-based awards (43) (22)
Net cash (used in) provided by financing activities (534) 155
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (24) 37
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year 4,173 4,911
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 4,149 4,948
North America Copper Mines Segment    
Cash flow from investing activities:    
Capital expenditures (244) (255)
South America Mines Segment    
Cash flow from investing activities:    
Capital expenditures (114) (85)
Indonesia Segment    
Cash flow from investing activities:    
Capital expenditures (456) (704)
Molybdenum    
Cash flow from investing activities:    
Capital expenditures (29) (19)
Other Operating Segment    
Cash flow from investing activities:    
Capital expenditures $ (130) $ (109)