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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2014
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 basic and diluted net income per share for the years ended December 31 follows :
 
2014
 
2013
 
2012
 
Net (loss) income
$
(745
)
 
$
3,441

 
$
3,980

 
Net income attributable to noncontrolling interests
(523
)
 
(761
)
 
(939
)
 
Preferred dividends on redeemable noncontrolling interest
(40
)
 
(22
)
 
—

 
Undistributed earnings allocable to participating securities
(3
)
 
—

 
—

 
Net (loss) income allocable to FCX common stockholders
$
(1,311
)
 
$
2,658

 
$
3,041

 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding (millions)
1,039

 
1,002

 
949

 
Add shares issuable upon exercise or vesting of dilutive stock options and RSUs (millions)
—

a 
4

a 
5

a 
Diluted weighted-average shares of common stock outstanding (millions)
1,039

 
1,006

 
954

 
 
 
 
 
 
 
 
Basic net (loss) income per share attributable to FCX common stockholders
$
(1.26
)
 
$
2.65

 
$
3.20

 
 
 
 
 
 
 
 
Diluted net (loss) income per share attributable to FCX common stockholders
$
(1.26
)
 
$
2.64

 
$
3.19

 

a.
Excludes shares of common stock 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, with related amounts totaling approximately ten million for the year ended December 31, 2014, and one million for the years ended December 31, 2013 and 2012.