Earnings per Share (Unaudited) Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2021

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,
	2021		2020		2021		2020
Net income (loss)	$	1,331	$	124	$	2,284	$	(425)
Net income attributable to noncontrolling interests	(248)		(71)		(483)		(13)

Undistributed earnings allocated to participating securities	(4)		(3)		(4)		(3)







Net income (loss) attributable to common stockholders	$	1,079	$	50	$	1,797	$	(441)


Basic weighted-average shares of common stock outstanding	1,467		1,453		1,465		1,453
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units (RSUs)	16		5		15		—		a
Diluted weighted-average shares of common stock outstanding	1,483		1,458		1,480		1,453




Basic net income (loss) per share attributable to common stockholders:	$	0.74	$	0.03	$	1.23	$	(0.30)



Diluted net income (loss) per share attributable to common stockholders:	$	0.73	$	0.03	$	1.21	$	(0.30)

a.Excludes approximately 10 million shares 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.