Following is a reconciliation of net income and weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share (in millions, except per share amounts):



	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012				2011
Net income	$	894		$	1,726		$	1,895			$	3,587
Net income attributable to noncontrolling interests	(184		)	(358		)	(421		)		(720		)
Net income attributable to FCX common stockholders	$	710		$	1,368		$	1,474			$	2,867

Weighted-average shares of common stock outstanding	949			947			949				947
Add shares issuable upon exercise or vesting of:
Dilutive stock options	3			8			4			^a	8
Restricted stock units	1			1			1				1
Weighted-average shares of common stock outstanding
for purposes of calculating diluted net income per share	953			956			954				956

Diluted net income per share attributable to FCX common stockholders	$	0.74		$	1.43		$	1.55			$	3.00


a.	Excluded approximately one million shares of common stock with exercise prices less than the average market price of FCX's common stock during the period that were anti-dilutive based on the treasury stock method.