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Earnings Per Share (Unaudited) (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Reconciliation of net income and weighted-average shares of common stock outstanding
A reconciliation of net loss and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net loss per share follows (in millions, except per share amounts):
 
Three Months Ended
 
 
March 31,
 
 
2016
 
2015
 
Net loss
$
(4,101
)
 
$
(2,406
)
 
Net income attributable to noncontrolling interests
(72
)
 
(58
)
 
Preferred dividends on redeemable noncontrolling interest
(11
)
 
(10
)
 
Undistributed earnings allocable to participating securities
(3
)
 
(3
)
 
Net loss allocable to common stockholders
$
(4,187
)
 
$
(2,477
)
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,251

 
1,040

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

a 
—

a 
Diluted weighted-average shares of common stock outstanding
1,251

 
1,040

 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders
$
(3.35
)
 
$
(2.38
)
 
a.
Excludes approximately 10 million shares of common stock for first-quarter 2016 and 14 million for first-quarter 2015 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.