Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.2.0.727
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2015
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
June 30,
 
Six Months Ended
June 30,
 
2015
 
2014
 
2015
 
2014
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(43.2
)
 
$
87.3

 
$
125.5

 
$
157.4

Income (Loss) from Discontinued Operations, net of tax
103.4

 
(76.4
)
 
(825.1
)
 
(216.8
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
60.2

 
$
10.9

 
$
(699.6
)
 
$
(59.4
)
Preferred Stock Dividends
—

 
(12.8
)
 
(12.8
)
 
(25.6
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
60.2

 
$
(1.9
)
 
$
(712.4
)
 
$
(85.0
)
Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
153.2

 
153.1

 
153.2

 
153.1

Depositary Shares
—

 
—

 
25.2

 
—

Employee Stock Plans
—

 
0.8

 
0.3

 
0.8

Diluted
153.2

 
153.9

 
178.7

 
153.9

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
(0.28
)
 
$
0.49

 
$
0.74

 
$
0.86

Discontinued operations
0.67

 
(0.50
)
 
(5.39
)
 
(1.42
)
 
$
0.39

 
$
(0.01
)
 
$
(4.65
)
 
$
(0.56
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
(0.28
)
 
$
0.48

 
$
0.70

 
$
0.86

Discontinued operations
0.67

 
(0.50
)
 
(4.62
)
 
(1.41
)
 
$
0.39

 
$
(0.02
)
 
$
(3.92
)
 
$
(0.55
)