Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.5.0.2
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2016
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,
 
2016
 
2015
 
2016
 
2015
Income (Loss) from Continuing Operations
$
(25.1
)
 
$
49.9

 
$
119.1

 
$
178.5

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
2.0

 
4.6

 
(23.5
)
 
(6.2
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(23.1
)
 
$
54.5

 
$
95.6

 
$
172.3

Loss from Discontinued Operations, net of tax
(2.7
)
 
(43.9
)
 
(0.6
)
 
(861.3
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
(25.8
)
 
$
10.6

 
$
95.0

 
$
(689.0
)
Preferred Stock Dividends
—

 
(25.6
)
 
—

 
(38.4
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
(25.8
)
 
$
(15.0
)
 
$
95.0

 
$
(727.4
)
Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
206.3

 
153.2

 
186.5

 
153.2

Employee Stock Plans
—

 
—

 
2.0

 
—

Diluted
206.3

 
153.2

 
188.5

 
153.2

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
(0.11
)
 
$
0.19

 
$
0.51

 
$
0.87

Discontinued operations
(0.01
)
 
(0.29
)
 
—

 
(5.62
)
 
$
(0.12
)
 
$
(0.10
)
 
$
0.51

 
$
(4.75
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
(0.11
)
 
$
0.19

 
$
0.51

 
$
0.87

Discontinued operations
(0.01
)
 
(0.29
)
 
—

 
(5.62
)
 
$
(0.12
)
 
$
(0.10
)
 
$
0.51

 
$
(4.75
)