Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.6
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:
 
 
 
 
 
Year Ended
December 31,
 
2012
 
2011
 
2010
Net Income (Loss) from Continuing Operations attributable to
Cliffs shareholders
$
(935.3
)
 
$
1,599.0

 
$
997.4

Income (Loss) and Gain on Sale from Discontinued Operations,
    net of tax
35.9

 
20.1

 
22.5

Net Income (Loss) Attributable to Cliffs Shareholders
$
(899.4
)
 
$
1,619.1

 
$
1,019.9

Weighted Average Number of Shares:
 
 
 
 
 
Basic
142.4

 
140.2

 
135.3

Employee Stock Plans
—

 
0.8

 
0.8

Diluted
142.4

 
141.0

 
136.1

Earnings (loss) per Common Share Attributable to Cliffs
Shareholders - Basic:
 
 
 
 
 
Continuing operations
$
(6.57
)
 
$
11.41

 
$
7.37

Discontinued operations
0.25

 
0.14

 
0.17

 
$
(6.32
)
 
$
11.55

 
$
7.54

Earnings (loss) per Common Share Attributable to Cliffs
Shareholders - Diluted:
 
 
 
 
 
Continuing operations
$
(6.57
)
 
$
11.34

 
$
7.32

Discontinued operations
0.25

 
0.14

 
0.17

 
$
(6.32
)
 
$
11.48

 
$
7.49