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Earnings Per Share (Unaudited) (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of net income and weighted-average shares of common stock outstanding
A reconciliation of net loss and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net (loss) income per share follows (in millions, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2016
 
2015
 
2016
 
2015
 
Net loss from continuing operations
$
(229
)
 
$
(1,828
)
 
$
(4,326
)
 
$
(4,275
)
 
Net income from continuing operations attributable to noncontrolling interests
(47
)
 
(16
)
 
(109
)
 
(48
)
 
Preferred dividends on redeemable noncontrolling interest
(10
)
 
(10
)
 
(21
)
 
(20
)
 
Undistributed earnings allocated to participating securities
(3
)
 
(3
)
 
(3
)
 
(3
)
 
Net loss from continuing operations attributable to common stockholders
$
(289
)
 
$
(1,857
)
 
$
(4,459
)
 
$
(4,346
)
 
 
 
 
 
 
 
 
 
 
Net (loss) income from discontinued operations
$
(181
)
 
$
29

 
$
(185
)
 
$
70

 
Net income from discontinued operations attributable to noncontrolling interests
(12
)
 
(26
)
 
(22
)
 
(52
)
 
Net (loss) income from discontinued operations attributable to common stockholders
$
(193
)
 
$
3

 
$
(207
)
 
$
18

 
 
 
 
 
 
 
 
 
 
Net loss attributable to common stockholders
$
(482
)
 
$
(1,854
)
 
$
(4,666
)
 
$
(4,328
)
 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,269

 
1,040

 
1,260

 
1,040

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

a 
—

a 
—

a 
—

a 
Diluted weighted-average shares of common stock outstanding
1,269

 
1,040

 
1,260

 
1,040

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted net (loss) income per share attributable to common stockholders:
 
 
 
 
 
 
 
 
Continuing operations
$
(0.23
)
 
$
(1.78
)
 
$
(3.54
)
 
$
(4.18
)
 
Discontinued operations
(0.15
)
 
—

 
(0.16
)
 
0.02

 
 
$
(0.38
)
 
$
(1.78
)
 
$
(3.70
)
 
$
(4.16
)
 
a.
Excludes 12 million shares of common stock for second-quarter 2016, 15 million for second-quarter 2015, 11 million for the first six months of 2016, and 14 million for the first six months of 2015 associated with outstanding stock options with exercise prices less than the average market price of FCX's common stock and RSUs that were anti-dilutive.