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Earnings per Share (Unaudited) Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2020
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
 
 
March 31,
 
 
2020
 
2019
 
Net (loss) income from continuing operations
$
(549
)
 
$
75

 
Net loss (income) from continuing operations attributable to noncontrolling interests
58

 
(45
)
 
Undistributed earnings allocated to participating securities
(3
)
 
(3
)
 
Net (loss) income from continuing operations attributable to common stockholders
(494
)
 
27

 
 
 
 
 
 
Net income from discontinued operations attributable to common stockholders
—

 
1

 
 
 
 
 
 
 
 
 
 
 
Net (loss) income attributable to common stockholders
$
(494
)
 
$
28

 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,452

 
1,451

 
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (RSUs)a
—

 
6

 
Diluted weighted-average shares of common stock outstanding
1,452

 
1,457

 
 
 
 
 
 
Basic and diluted net (loss) income per share attributable to common stockholders:
 
 
 
 
Continuing operations
$
(0.34
)
 
$
0.02

 
Discontinued operations
—

 
—

 
 
$
(0.34
)
 
$
0.02

 

a.
Excludes approximately 10 million shares of common stock in first-quarter 2020 and 3 million in first-quarter 2019 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.