Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.6
EARNINGS PER SHARE (Tables) (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Earnings Per Share [Abstract]    
Net Income from Continuing Operations attributable to Cliffs shareholders $ 107.0 $ 370.3
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share:
 
(In Millions, Except Per Share Amounts)
 
Three Months Ended
March 31,
 
2013
 
2012
Net Income from Continuing Operations attributable to
Cliffs shareholders
$
107.0

 
$
370.3

Income from Discontinued Operations, net of tax
—

 
5.5

NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
107.0

 
$
375.8

PREFERRED STOCK DIVIDENDS
(9.9
)
 
—

NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
$
97.1

 
$
375.8

Weighted Average Number of Shares:
 
 
 
Basic
147.8

 
142.2

Depositary Shares
—

 
—

Employee Stock Plans
0.3

 
0.5

Diluted
148.1

 
142.7

Earnings per Common Share Attributable to Cliffs
Shareholders - Basic:
 
 
 
Continuing operations
$
0.66

 
$
2.60

Discontinued operations
—

 
0.04

 
$
0.66

 
$
2.64

Earnings per Common Share Attributable to Cliffs
Shareholders - Diluted:
 
 
 
Continuing operations
$
0.66

 
$
2.59

Discontinued operations
—

 
0.04

 
$
0.66

 
$
2.63