Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.20.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2020
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
March 31,
 
2020
 
2019
Loss from continuing operations
$
(49.2
)
 
$
(22.1
)
Income from continuing operations attributable to noncontrolling interest
(3.5
)
 
—

Net loss from continuing operations attributable to Cliffs shareholders
(52.7
)
 
(22.1
)
Income from discontinued operations, net of tax
0.6

 
—

Net loss attributable to Cliffs shareholders
$
(52.1
)
 
$
(22.1
)
 
 
 
 
Weighted average number of shares:
 
 
 
Basic
297.5

 
289.5

Convertible senior notes
—

 
—

Employee stock plans
—

 
—

Diluted
297.5

 
289.5

 
 
 
 
Loss per common share attributable to Cliffs shareholders - basic:
 
 
 
Continuing operations
$
(0.18
)
 
$
(0.08
)
Discontinued operations
—

 
—

 
$
(0.18
)
 
$
(0.08
)
 
 
 
 
Loss per common share attributable to Cliffs shareholders - diluted:
 
 
 
Continuing operations
$
(0.18
)
 
$
(0.08
)
Discontinued operations
—

 
—

 
$
(0.18
)
 
$
(0.08
)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following table summarizes the shares that have been excluded from the diluted earnings per share calculation as they were anti-dilutive:
 
(In Millions)
 
Three Months Ended
March 31,
 
2020
 
2019
Convertible senior notes
—

 
7.3

Employee stock plans
1.6

 
4.2

Total number of anti-dilutive shares
1.6

 
11.5