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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Schedule of diluted earnings per share
A reconciliation of net income and weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share for the years ended December 31 follows:
 
2013
 
2012
 
2011
 
Net income
$
3,441

 
$
3,980

 
$
5,747

 
Net income attributable to noncontrolling interests
(761
)
 
(939
)
 
(1,187
)
 
Preferred dividends on redeemable noncontrolling interest
(22
)
 

 

 
Net income attributable to FCX common stockholders
$
2,658

 
$
3,041

 
$
4,560

 
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding (millions)
1,002

 
949

 
947

 
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (millions)
4

a 
5

a 
8

a 
Weighted-average shares of common stock outstanding for purposes of calculating diluted net income per share (millions)
1,006

 
954

 
955

 
 
 
 
 
 
 
 
Diluted net income per share attributable to FCX common stockholders
$
2.64

 
$
3.19

 
$
4.78

 

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 totaled approximately one million for the years ended December 31, 2013 and 2012, and two million for the year ended December 31, 2011.