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Earnings Per Share (Unaudited) (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Reconciliation of net income and weighted-average shares of common stock outstanding
The following table sets forth the computation of basic and diluted net income per share (in millions, except per share amounts):
 
Three Months Ended
 
 
March 31,
 
 
2014
 
2013
 
Net income
$
626

 
$
824

 
Net income attributable to noncontrolling interests
(106
)
 
(176
)
 
Preferred dividends on redeemable noncontrolling interest
(10
)
 
—

 
Undistributed earnings allocated to participating securities
(1
)
 
—

 
Net income attributable to FCX common stockholders
$
509

 
$
648

 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,038

 
950

 
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units
6

a 
3

 
Diluted weighted-average shares of common stock outstanding
1,044

 
953

 
 
 
 
 
 
Basic net income per share attributable to FCX common stockholders
$
0.49

 
$
0.68

 
Diluted net income per share attributable to FCX common stockholders
$
0.49

 
$
0.68

 
a.
Excluded shares of common stock associated with outstanding stock options with exercise prices less than the average market price of FCX's common stock that were anti-dilutive totaled approximately two million for first-quarter 2014.