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Earnings per Share (Unaudited) Earnings per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation of net income (loss) and weighted-average shares of common stock outstanding
Reconciliations of net income (loss) and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net income (loss) per share follow (in millions, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2020
 
2019
 
2020
 
2019
 
Net income (loss) from continuing operations
$
124

 
$
(74
)
 
$
(425
)
 
$
1

 
Net (income) loss from continuing operations attributable to noncontrolling interests
(71
)
 
2

 
(13
)
 
(43
)
 
Undistributed earnings allocated to participating securities
(3
)
 
(3
)
 
(3
)
 
(3
)
 
Net income (loss) from continuing operations attributable to common stockholders
50

 
(75
)
 
(441
)
 
(45
)
 
 
 
 
 
 
 
 
 
 
Net income from discontinued operations attributable to common stockholders
—

 
—

 
—

 
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to common stockholders
$
50

 
$
(75
)
 
$
(441
)
 
$
(44
)
 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares of common stock outstanding
1,453

 
1,451

 
1,453

 
1,451

 
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (RSUs)
5

 
—

a 
—

a 
—

a 
Diluted weighted-average shares of common stock outstanding
1,458

 
1,451

 
1,453

 
1,451

 
 
 
 
 
 
 
 
 
 
Basic and diluted net income (loss) per share attributable to common stockholders:
 
 
 
 
 
 
 
 
Continuing operations
$
0.03

 
$
(0.05
)
 
$
(0.30
)
 
$
(0.03
)
 
Discontinued operations
—

 
—

 
—

 
—

 
 
$
0.03

 
$
(0.05
)
 
$
(0.30
)
 
$
(0.03
)
 

a.
Excludes approximately 10 million shares in second-quarter 2019, 10 million shares for the first six months of 2020 and 12 million shares for the first six months of 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.