SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of diluted earnings per share

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 for the years ended December 31 follow:

	2019				2018				2017
Net (loss) income from continuing operations	$	(192	)		$	2,909			$	2,029
Net income from continuing operations attributable to noncontrolling interests	(50		)		(292		)		(274		)
Accumulated dividends and undistributed earnings allocated to participating securities	(3		)		(4		)		(4		)
Net (loss) income from continuing operations attributable to common stockholders	(245		)		2,613				1,751
Net income (loss) from discontinued operations	3				(15		)		66
Net income from discontinued operations attributable to noncontrolling interests	—				—				(4		)
Net income (loss) from discontinued operations attributable to common stockholders	3				(15		)		62
Net (loss) income attributable to common stockholders	$	(242	)		$	2,598			$	1,813
Basic weighted-average shares of common stock outstanding (millions)	1,451				1,449				1,447
Add shares issuable upon exercise or vesting of dilutive stock options and RSUs (millions)	—			a	9			a	7
Diluted weighted-average shares of common stock outstanding (millions)	1,451				1,458				1,454
Basic net (loss) income per share attributable to common stockholders:
Continuing operations	$	(0.17	)		$	1.80			$	1.21
Discontinued operations	—				(0.01		)		0.04
	$	(0.17	)		$	1.79			$	1.25
Diluted net (loss) income per share attributable to common stockholders:
Continuing operations	$	(0.17	)		$	1.79			$	1.21
Discontinued operations	—				(0.01		)		0.04
	$	(0.17	)		$	1.78			$	1.25

a.

Excludes approximately 11 million shares of common stock in 2019 and 1 million in 2018 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.