Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
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
September 30,
 
Nine Months Ended
September 30,
 
2018
 
2017
 
2018
 
2017
Income from Continuing Operations
$
199.8

 
$
22.3

 
$
415.8

 
$
27.6

Loss from Continuing Operations Attributable to Noncontrolling Interest
—

 
0.5

 
—

 
3.9

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
199.8

 
$
22.8

 
$
415.8

 
$
31.5

Income from Discontinued Operations, net of tax
238.0

 
30.6

 
102.8

 
25.6

Net Income Attributable to Cliffs Shareholders
$
437.8

 
$
53.4

 
$
518.6

 
$
57.1

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
297.9

 
296.1

 
297.6

 
285.8

Convertible Senior Notes
8.0

 
—

 
1.9

 
—

Employee Stock Plans
4.3

 
5.0

 
4.0

 
4.7

Diluted
310.2

 
301.1

 
303.5

 
290.5

Income per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.67

 
$
0.08

 
$
1.40

 
$
0.11

Discontinued operations
0.80

 
0.10

 
0.35

 
0.09

 
$
1.47

 
$
0.18

 
$
1.75

 
$
0.20

Income per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.64

 
$
0.08

 
$
1.37

 
$
0.11

Discontinued operations
0.77

 
0.10

 
0.34

 
0.08

 
$
1.41

 
$
0.18

 
$
1.71

 
$
0.19