FCX calculates its basic net income per share of common stock under the two-class method and calculates its diluted net income per share of common stock using the more dilutive of the two-class method or the treasury-stock method. Basic net income per share of common stock was computed by dividing net income attributable to common stockholders (after deducting accumulated undistributed dividends and earnings allocated to participating securities) by the weighted-average shares of common stock outstanding during the period. Diluted net income per share of common stock was calculated by including the basic weighted-average shares of common stock outstanding adjusted for the effects of all potential dilutive shares of common stock, unless their effect would be antidilutive.

Reconciliations of net income and weighted-average shares of common stock outstanding for purposes of calculating basic and diluted net income per share follow:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2025		2024		2025		2024
Net income	$	1,547	$	1,280	$	2,340	$	2,442
Net income attributable to noncontrolling interests	(775)		(664)		(1,216)		(1,353)

Undistributed dividends and earnings allocated to participating securities	(6)		(6)		(6)		(6)







Net income attributable to common stockholders	$	766	$	610	$	1,118	$	1,083


Basic weighted-average shares of common stock outstanding	1,437		1,438		1,438		1,437
Add shares issuable upon exercise or vesting of dilutive stock options and restricted stock units	6		7		6		8
Diluted weighted-average shares of common stock outstanding	1,443		1,445		1,444		1,445

Net income per share attributable to common stockholders:


Basic	$	0.53	$	0.42	$	0.78	$	0.75



Diluted	$	0.53	$	0.42	$	0.77	$	0.75