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Earnings per Share (Unaudited) Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of net income (loss) 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
 
 
 
March 31,
 
 
 
2017
 
2016
 
Net income (loss) from continuing operations
 
$
268

 
$
(4,097
)
 
Net income from continuing operations attributable to noncontrolling interests
 
(75
)
 
(62
)
 
Preferred dividends on redeemable noncontrolling interest
 
—

 
(11
)
 
Undistributed earnings allocated to participating securities
 
(3
)
 
(3
)
 
Net income (loss) from continuing operations attributable to common stockholders
 
$
190

 
$
(4,173
)
 
 
 
 
 
 
 
Net income (loss) from discontinued operations
 
$
38

 
$
(4
)
 
Net income from discontinued operations attributable to noncontrolling interests
 
(3
)
 
(10
)
 
Net income (loss) from discontinued operations attributable to common stockholders
 
$
35

 
$
(14
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
 
$
225

 
$
(4,187
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
 
1,446

 
1,251

 
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units
 
8

 
—

a 
Diluted weighted-average shares of common stock outstanding
 
1,454

 
1,251

 
 
 
 
 
 
 
Basic and diluted net income (loss) per share attributable to common stockholders:
 
 
 
 
 
Continuing operations
 
$
0.13

 
$
(3.34
)
 
Discontinued operations
 
0.03

 
(0.01
)
 
 
 
$
0.16

 
$
(3.35
)
 
 
 
 
 
 
 
a.
Excludes 10 million shares associated with outstanding stock options with exercise prices less than the average market price of FCX’s common stock and restricted stock units that were anti-dilutive.