Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 17 - EARNINGS PER SHARE
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,
 
2017
 
2016
 
2017
 
2016
Income from Continuing Operations
$
76.5

 
$
29.9

 
$
46.2

 
$
144.2

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
1.7

 
(16.7
)
 
3.4

 
(25.5
)
Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
78.2

 
$
13.2

 
$
49.6

 
$
118.7

Income (Loss) from Discontinued Operations, net of tax
(46.4
)
 
(0.4
)
 
(45.9
)
 
2.1

Net Income Attributable to Cliffs Shareholders
$
31.8

 
$
12.8

 
$
3.7

 
$
120.8

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
296.1

 
182.3

 
280.6

 
177.0

Employee Stock Plans
4.6

 
2.3

 
4.6

 
1.3

Diluted
300.7

 
184.6

 
285.2

 
178.3

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.26

 
$
0.07

 
$
0.18

 
$
0.67

Discontinued operations
(0.16
)
 
—

 
(0.16
)
 
0.01

 
$
0.10

 
$
0.07

 
$
0.02

 
$
0.68

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.26

 
$
0.07

 
$
0.17

 
$
0.67

Discontinued operations
(0.15
)
 
—

 
(0.16
)
 
0.01

 
$
0.11

 
$
0.07

 
$
0.01

 
$
0.68