Income Taxes

3 Months Ended

Mar. 31, 2026

INCOME TAXES

Geographic sources of FCX’s (provision) benefit for income taxes follow:


	Three Months Ended
	March 31,
	2026		2025
U.S.	$	(5)	$	2
Foreign	(648)		(502)
Total	$	(653)	$	(500)

FCX’s consolidated effective income tax rate is a function of the various rates in the jurisdictions where it operates and was 32% for first-quarter 2026 and 39% for first-quarter 2025.

- Definition

The entire disclosure for income tax.

+ References

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+ Details

FREEPORT-MCMORAN INC 10-Q