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Earnings Per Share (Unaudited) (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Reconciliation of net income and weighted-average shares of common stock outstanding
A reconciliation of net (loss) income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net (loss) income per share for the three months ended March 31 follows (in millions, except per share amounts):
 
Three Months Ended
 
 
March 31,
 
 
2015
 
2014
 
Net (loss) income
$
(2,406
)
 
$
626

 
Net income attributable to noncontrolling interests
(58
)
 
(106
)
 
Preferred dividends on redeemable noncontrolling interest
(10
)
 
(10
)
 
Undistributed earnings allocable to participating securities
(3
)
 
(1
)
 
Net (loss) income allocable to common stockholders
$
(2,477
)
 
$
509

 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,040

 
1,038

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

a 
6

a 
Diluted weighted-average shares of common stock outstanding
1,040

 
1,044

 
 
 
 
 
 
Basic net (loss) income per share attributable to common stockholders
$
(2.38
)
 
$
0.49

 
Diluted net (loss) income per share attributable to common stockholders
$
(2.38
)
 
$
0.49

 
a.
Excludes shares of common stock totaling approximately three million for first-quarter 2015 and two million for first-quarter 2014 associated with outstanding stock options with exercise prices less than the average market price of FCX's common stock and RSU's that were anti-dilutive.