Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.8
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(5,879.6
)
 
$
115.2

 
$
(5,939.0
)
 
$
368.2

Income from Discontinued Operations, net of tax
—

 
2.0

 
—

 
2.0

Net Income (Loss) Attributable to Cliffs Shareholders
$
(5,879.6
)
 
$
117.2

 
$
(5,939.0
)
 
$
370.2

Preferred Stock Dividends
(12.8
)
 
(12.9
)
 
(38.4
)
 
(35.9
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
(5,892.4
)
 
$
104.3

 
$
(5,977.4
)
 
$
334.3

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
153.1

 
153.0

 
153.1

 
151.3

Depositary Shares
—

 
25.2

 
—

 
21.1

Employee Stock Plans
—

 
0.2

 
—

 
0.2

Diluted
153.1

 
178.4

 
153.1

 
172.6

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
(38.49
)
 
$
0.67

 
$
(39.05
)
 
$
2.20

Discontinued operations
—

 
0.01

 
—

 
0.01

 
$
(38.49
)
 
$
0.68

 
$
(39.05
)
 
$
2.21

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
(38.49
)
 
$
0.65

 
$
(39.05
)
 
$
2.13

Discontinued operations
—

 
0.01

 
—

 
0.01

 
$
(38.49
)
 
$
0.66

 
$
(39.05
)
 
$
2.14