Earnings per Share (Unaudited) Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2021

Reconciliation of net income (loss) and weighted-average shares of common stock outstanding

Reconciliations of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net income (loss) per share follow (in millions, except per share amounts):


	Three Months Ended
	March 31,
		2021		2020
Net income (loss)		$	953	$	(549)
Net (income) loss attributable to noncontrolling interests		(235)		58

Undistributed earnings allocated to participating securities		(4)		(3)







Net income (loss) attributable to common stockholders		$	714	$	(494)


Basic weighted-average shares of common stock outstanding		1,462		1,452
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (RSUs)		15		—		a
Diluted weighted-average shares of common stock outstanding		1,477		1,452




Basic net income (loss) per share attributable to common stockholders:		$	0.49	$	(0.34)



Diluted net income (loss) per share attributable to common stockholders:		$	0.48	$	(0.34)

a.Excludes approximately 10 million shares 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.