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							Nine Months Ended
	September 30,							September 30,
	2012			2011				2012				2011
Net income	$	1,140		$	1,294			$	3,035			$	4,881
Net income attributable to noncontrolling interests	(316		)	(241		)		(737		)		(961		)
Net income attributable to FCX common stockholders	$	824		$	1,053			$	2,298			$	3,920

Weighted-average shares of common stock outstanding	949			948				949				947
Add shares issuable upon exercise or vesting of:
Dilutive stock options	3			6			^a	3			^a	7			^a
Restricted stock units	1			1				1				1
Weighted-average shares of common stock outstanding
for purposes of calculating diluted net income per share	953			955				953				955

Diluted net income per share attributable to FCX common stockholders	$	0.86		$	1.10			$	2.41			$	4.10


a.	Excluded shares of common stock associated with outstanding stock options with exercise prices less than the average market price of FCX's common stock that were anti-dilutive based on the treasury stock method of approximately three million for the third-quarter 2011, one million for the nine months ended September 30, 2012, and two million for the nine months ended September 30, 2011.