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Earnings per Share (Unaudited) Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Reconciliation of net income (loss) and weighted-average shares of common stock outstanding
Reconciliations of net (loss) income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net (loss) income per share follow (in millions, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2019
 
2018
 
2019
 
2018
 
Net (loss) income from continuing operations
$
(74
)
 
$
1,039

 
$
1

 
$
1,867

 
Net loss (income) from continuing operations attributable to noncontrolling interests
2

 
(166
)
 
(43
)
 
(291
)
 
Undistributed earnings allocated to participating securities
(3
)
 
(3
)
 
(3
)
 
(4
)
 
Net (loss) income from continuing operations attributable to common stockholders
(75
)
 
870

 
(45
)
 
1,572

 
 
 
 
 
 
 
 
 
 
Net (loss) income from discontinued operations attributable to common stockholders
—

 
(4
)
 
1

 
(15
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income attributable to common stockholders
$
(75
)
 
$
866

 
$
(44
)
 
$
1,557

 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,451

 
1,449

 
1,451

 
1,449

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

 
9

 
—

 
9

 
Diluted weighted-average shares of common stock outstanding
1,451

 
1,458

 
1,451

 
1,458

 
 
 
 
 
 
 
 
 
 
Basic net (loss) income per share attributable to common stockholders:
 
 
 
 
 
 
 
 
Continuing operations
$
(0.05
)
 
$
0.60

 
$
(0.03
)
 
$
1.08

 
Discontinued operations
—

 
—

 
—

 
(0.01
)
 
 
$
(0.05
)
 
$
0.60

 
$
(0.03
)
 
$
1.07

 
Diluted net (loss) income per share attributable to common stockholders:
 
 
 
 
 
 
 
 
Continuing operations
$
(0.05
)
 
$
0.59

 
$
(0.03
)
 
$
1.08

 
Discontinued operations
—

 
—

 
—

 
(0.01
)
 
 
$
(0.05
)
 
$
0.59

 
$
(0.03
)
 
$
1.07

 

a.
Excludes approximately 10 million shares of common stock in second-quarter 2019, 2 million in second-quarter 2018, 12 million for the first six months of 2019 and 3 million for the first six months of 2018 associated with outstanding stock options with exercise prices less than the average market price of FCX’s common stock that were anti-dilutive.