Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.8.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
Income (Loss) from Continuing Operations
$
20.6

 
$
(25.1
)
 
$
66.8

 
$
119.1

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
0.5

 
2.0

 
3.9

 
(23.5
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
21.1

 
$
(23.1
)
 
$
70.7

 
$
95.6

Income (Loss) from Discontinued Operations, net of tax
32.3

 
(2.7
)
 
(13.6
)
 
(0.6
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
53.4

 
$
(25.8
)
 
$
57.1

 
$
95.0

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
296.1

 
206.3

 
285.8

 
186.5

Employee Stock Plans
5.0

 
—

 
4.7

 
2.0

Diluted
301.1

 
206.3

 
290.5

 
188.5

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.07

 
$
(0.11
)
 
$
0.25

 
$
0.51

Discontinued operations
0.11

 
(0.01
)
 
(0.05
)
 
—

 
$
0.18

 
$
(0.12
)
 
$
0.20

 
$
0.51

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.07

 
$
(0.11
)
 
$
0.24

 
$
0.51

Discontinued operations
0.11

 
(0.01
)
 
(0.05
)
 
—

 
$
0.18

 
$
(0.12
)
 
$
0.19

 
$
0.51