XML 71 R20.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings Per Share (Unaudited) (Tables)
 9 Months Ended
Sep. 30, 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 follows (in millions, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
 
 
2015
 
2014
 
2015
 
2014
 
Net (loss) income
$
(3,790
)
 
$
704

 
$
(7,995
)
 
$
1,990

 
Net income attributable to noncontrolling interests
(29
)
 
(142
)
 
(129
)
 
(416
)
 
Preferred dividends on redeemable noncontrolling interest
(11
)
 
(10
)
 
(31
)
 
(30
)
 
Undistributed earnings allocable to participating securities
(3
)
 
(2
)
 
(3
)
 
(4
)
 
Net (loss) income allocable to common stockholders
$
(3,833
)
 
$
550

 
$
(8,158
)
 
$
1,540

 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,071

 
1,039

 
1,050

 
1,039

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

a 
7

a 
—

a 
6

a 
Diluted weighted-average shares of common stock outstanding
1,071

 
1,046

 
1,050

 
1,045

 
 
 
 
 
 
 
 
 
 
Basic net (loss) income per share attributable to common stockholders
$
(3.58
)
 
$
0.53

 
$
(7.77
)
 
$
1.48

 
Diluted net (loss) income per share attributable to common stockholders
$
(3.58
)
 
$
0.53

 
$
(7.77
)
 
$
1.47

 
a.
Excludes approximately 7 million shares of common stock for third-quarter 2015, 5 million for third-quarter 2014, 10 million for the nine months ended September 30, 2015, and 3 million for the nine months ended September 30, 2014, 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.