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Earnings Per Share (Unaudited) (Tables) | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Reconciliation of net income and weighted-average shares of common stock outstanding | A reconciliation of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net income (loss) per share follows (in millions, except per share amounts):
| Three Months Ended |  | Nine Months Ended |
| September 30, |  | September 30, |
| 2016 |  | 2015 |  | 2016 |  | 2015 |
Net income (loss) from continuing operations | $ | 292 |  |  | $ | (3,815 | ) |  | $ | (4,034 | ) |  | $ | (8,090 | ) |
Net income from continuing operations attributable to noncontrolling interests | (37 | ) |  | (13 | ) |  | (146 | ) |  | (61 | ) |
Preferred dividends on redeemable noncontrolling interest | (10 | ) |  | (11 | ) |  | (31 | ) |  | (31 | ) |
Undistributed earnings allocated to participating securities | (3 | ) |  | (3 | ) |  | (3 | ) |  | (3 | ) |
Net income (loss) from continuing operations attributable to common stockholders | $ | 242 |  |  | $ | (3,842 | ) |  | $ | (4,214 | ) |  | $ | (8,185 | ) |
Net (loss) income from discontinued operations | $ | (6 | ) |  | $ | 25 |  |  | $ | (191 | ) |  | $ | 95 |  |
Net income from discontinued operations attributable to noncontrolling interests | (22 | ) |  | (16 | ) |  | (44 | ) |  | (68 | ) |
Net (loss) income from discontinued operations attributable to common stockholders | $ | (28 | ) |  | $ | 9 |  |  | $ | (235 | ) |  | $ | 27 |  |
Net income (loss) attributable to common stockholders | $ | 214 |  |  | $ | (3,833 | ) |  | $ | (4,449 | ) |  | $ | (8,158 | ) |
Basic weighted-average shares of common stock outstanding | 1,346 |  |  | 1,071 |  |  | 1,289 |  |  | 1,050 |  |
Add shares issuable upon exercise or vesting of dilutive stock options and RSUs | 5 |  | a | — |  | a | — |  | a | — |  | a
Diluted weighted-average shares of common stock outstanding | 1,351 |  |  | 1,071 |  |  | 1,289 |  |  | 1,050 |  |
Basic and diluted net income (loss) per share attributable to common stockholders: |  |  |  |  |  |  |  |
Continuing operations | $ | 0.18 |  |  | $ | (3.59 | ) |  | $ | (3.27 | ) |  | $ | (7.80 | ) |
Discontinued operations | (0.02 | ) |  | 0.01 |  |  | (0.18 | ) |  | 0.03 |  |
| $ | 0.16 |  |  | $ | (3.58 | ) |  | $ | (3.45 | ) |  | $ | (7.77 | ) |
a. | Excludes 6 million shares of common stock in third-quarter 2016, 7 million in third-quarter 2015, 12 million for the first nine months of 2016 and 10 million for the first nine 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.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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