v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flow from operating activities:    
Net income $ 2,778 $ 2,340
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,037 1,134
Gain on PTFI mud rush incident insurance settlement (699) 0
Proceeds from PTFI mud rush incident insurance settlement 699 0
Gain on sale of assets (18) 0
Net charges for environmental and asset retirement obligations, including accretion 147 116
Payments for environmental and asset retirement obligations (96) (113)
Stock-based compensation 103 74
Net charges for defined pension and postretirement plans 24 29
Pension plan contributions (40) (9)
Deferred income taxes 35 34
Charges for PTFI social investment programs 26 50
Payments for PTFI social investment programs (24) (41)
Other, net 28 (19)
Changes in working capital and other:    
Accounts receivable 268 (320)
Inventories (171) (62)
Other current assets (48) 16
Accounts payable and accrued liabilities (362) 428
Accrued income taxes and timing of other tax payments (144) (404)
Net cash provided by operating activities 3,543 3,253
Cash flow from investing activities:    
Acquisition of additional ownership interest in Cerro Verde (107) 0
Other, net 7 1
Net cash used in investing activities (2,177) (2,432)
Cash flow from financing activities:    
Proceeds from debt 2,077 1,630
Repayments of debt (2,072) (1,338)
Finance lease payments (24) (15)
Cash dividends and distributions paid:    
Common stock (434) (433)
Noncontrolling interests (359) (625)
Treasury stock purchases (203) (107)
Proceeds from exercised stock options 22 2
Payments for withholding of employee taxes related to stock-based awards (44) (22)
Debt issuance costs (11) 0
Net cash used in financing activities (1,048) (908)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 318 (87)
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 4,491 4,824
North America Copper Mines Segment    
Cash flow from investing activities:    
Capital expenditures (496) (528)
South America Mines Segment    
Cash flow from investing activities:    
Capital expenditures (285) (177)
Indonesia Segment    
Cash flow from investing activities:    
Capital expenditures (972) (1,444)
Molybdenum    
Cash flow from investing activities:    
Capital expenditures (49) (46)
Other Operating Segment    
Cash flow from investing activities:    
Capital expenditures $ (275) $ (238)