XML 140 R28.htm IDEA: XBRL DOCUMENT v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of diluted earnings per share
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 for the years ended December 31 follow:
 202120202019 
Net income (loss) from continuing operations$5,365 $865 $(192)
Net income from continuing operations attributable to noncontrolling interests
(1,059)(266)(50)
Accumulated dividends and undistributed earnings allocated to participating securities
(7)(3)(3)
Net income (loss) from continuing operations attributable to common stockholders4,299 596 (245)
Net income from discontinued operations— — 3 
Net income (loss) attributable to common stockholders$4,299 $596 $(242)
Basic weighted-average shares of common stock outstanding (millions)
1,466 1,453 1,451 
Add shares issuable upon exercise or vesting of dilutive stock options and RSUs (millions)
16 8 

— 
a
Diluted weighted-average shares of common stock outstanding (millions)
1,482 1,461 1,451 
Basic net income (loss) per share attributable to common stockholders:
Continuing operations$2.93 $0.41 $(0.17)
Discontinued operations— — — 
$2.93 $0.41 $(0.17)
Diluted net income (loss) per share attributable to common stockholders:
Continuing operations$2.90 $0.41 $(0.17)
Discontinued operations— — — 
$2.90 $0.41 $(0.17)
a.Excludes approximately 11 million shares of common stock in 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.