v3.26.3
Consolidated Statement of Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Capital in Excess of Par Value
Accumulated Deficit
AOCI Attributable to Parent
Common Stock Held in Treasury
Total Stockholder's Equity
Noncontrolling Interests
Balance (in shares) at Dec. 31, 2024   1,624.0            
Beginning balance (in shares) at Dec. 31, 2024           187.0    
Balance at Dec. 31, 2024 $ 28,778 $ 162 $ 23,797 $ (170) $ (314) $ (5,894) $ 17,581 $ 11,197
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards (in shares)   2.0            
Exercised and issued stock-based awards 5 $ 1 4       5  
Stock-based compensation, including the tender of shares (in shares)           1.0    
Stock-based compensation, including the tender of shares 50   75     $ (23) 52 (2)
Treasury stock purchases (in shares)           3.0    
Treasury stock purchases (107)         $ (107) (107)  
Dividends (1,922)   (216) (432)     (648) (1,274)
Contributions from noncontrolling interests 2             2
Net income attributable to common stockholders 1,798     1,798     1,798  
Net income (loss) attributable to noncontrolling interests 1,789             1,789
Other comprehensive income 4       4   4  
Balance (in shares) at Sep. 30, 2025   1,626.0            
Ending balance (in shares) at Sep. 30, 2025           191.0    
Balance at Sep. 30, 2025 30,397 $ 163 23,660 1,196 (310) $ (6,024) 18,685 11,712
Balance (in shares) at Jun. 30, 2025   1,626.0            
Beginning balance (in shares) at Jun. 30, 2025           191.0    
Balance at Jun. 30, 2025 29,996 $ 163 23,642 738 (311) $ (6,024) 18,208 11,788
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards 3   3       3  
Stock-based compensation, including the tender of shares 13   15     $ 0 15 (2)
Dividends (865)     (216)     (216) (649)
Contributions from noncontrolling interests 2             2
Net income attributable to common stockholders 674     674     674  
Net income (loss) attributable to noncontrolling interests 573             573
Other comprehensive income 1       1   1  
Balance (in shares) at Sep. 30, 2025   1,626.0            
Ending balance (in shares) at Sep. 30, 2025           191.0    
Balance at Sep. 30, 2025 30,397 $ 163 23,660 1,196 (310) $ (6,024) 18,685 11,712
Balance (in shares) at Dec. 31, 2025   1,627.0            
Beginning balance (in shares) at Dec. 31, 2025           191.0    
Balance at Dec. 31, 2025 30,766 $ 163 23,680 1,385 (305) $ (6,024) 18,899 11,867
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards (in shares)   4.0            
Exercised and issued stock-based awards 26   26       26  
Stock-based compensation, including the tender of shares $ 40   48       48 (8)
Treasury stock purchases (in shares) 4.9         5.0    
Treasury stock purchases $ (305)         $ (305) (305)  
Acquisition of additional ownership interest in Cerro Verde (109)   (73)       (73)  
Dividends (1,274)     (649)     (649) (625)
Contributions from noncontrolling interests 0   (7)       (7) 7
Net income attributable to common stockholders 3,039     3,039     3,039  
Net income (loss) attributable to noncontrolling interests 1,427             1,427
Other comprehensive income 3       3   3  
Balance (in shares) at Sep. 30, 2026   1,631.0            
Ending balance (in shares) at Sep. 30, 2026           196.0    
Balance at Sep. 30, 2026 33,613 $ 163 23,674 3,775 (302) $ (6,329) 20,981 12,632
Balance (in shares) at Jun. 30, 2026   1,630.0            
Beginning balance (in shares) at Jun. 30, 2026           194.0    
Balance at Jun. 30, 2026 32,222 $ 163 23,659 2,817 (303) $ (6,227) 20,109 12,113
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Exercised and issued stock-based awards 4   4       4  
Stock-based compensation, including the tender of shares 16   16       16 0
Treasury stock purchases (in shares)           2.0    
Treasury stock purchases (102)         $ (102) (102)  
Dividends (216)     (216)     (216) 0
Contributions from noncontrolling interests 0   (5)       (5) 5
Net income attributable to common stockholders 1,174     1,174     1,174  
Net income (loss) attributable to noncontrolling interests 514             514
Other comprehensive income 1       1   1  
Balance (in shares) at Sep. 30, 2026   1,631.0            
Ending balance (in shares) at Sep. 30, 2026           196.0    
Balance at Sep. 30, 2026 $ 33,613 $ 163 $ 23,674 $ 3,775 $ (302) $ (6,329) $ 20,981 $ 12,632