v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Geographic sources of FCX’s (provision) benefit for income taxes follow:
Six Months Ended
June 30,
20262025
U.S.$(58)

$2 
Foreign(1,139)(1,352)
Total$(1,197)$(1,350)


FCX’s consolidated effective income tax rate is a function of the various rates in the jurisdictions where it operates and was 30% for the first six months of 2026 and 37% for the first six months of 2025. The U.S. income tax provision for the first six months of 2026 primarily relates to the U.S. Corporate Alternative Minimum Tax provisions, which do not benefit from regular tax U.S. net operating loss carryforwards.