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Earnings Per Share (Unaudited) (Tables)
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2014
 
2013
 
2014
 
2013
 
Net income
$
660

 
$
610

 
$
1,286

 
$
1,434

 
Net income attributable to noncontrolling interests
(168
)
 
(125
)
 
(274
)
 
(301
)
 
Preferred dividends on redeemable noncontrolling interest
(10
)
 
(3
)
 
(20
)
 
(3
)
 
Undistributed earnings allocable to participating securities
(2
)
 
—

 
(3
)
 
—

 
Net income allocable to FCX common stockholders
$
480

 
$
482

 
$
989

 
$
1,130

 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,039

 
980

 
1,039

 
965

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

a 
4

 
6

a 
3

 
Diluted weighted-average shares of common stock outstanding
1,045

 
984

 
1,045

 
968

 
 
 
 
 
 
 
 
 
 
Basic net income per share attributable to FCX common stockholders
$
0.46

 
$
0.49

 
$
0.95

 
$
1.17

 
Diluted net income per share attributable to FCX common stockholders
$
0.46

 
$
0.49

 
$
0.95

 
$
1.17

 
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 3 million for both second-quarter 2014 and for the six months ended June 30, 2014.