Earnings Per Share (Calculation Of Earnings Per Common Share On Basic And Diluted) (Details) (USD $) In Millions, except Share data |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2011 |
Sep. 30, 2010 |
Sep. 30, 2011 |
Sep. 30, 2010 |
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| Earnings Per Share [Abstract] | ||||
| Net income from continuing operations attributable to Cliffs shareholders | $ 607.0 | $ 298.1 | $ 1,439.3 | $ 637.4 |
| Loss from discontinued operations | (17.5) | (0.7) | (18.7) | (2.0) |
| NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ 589.5 | $ 297.4 | $ 1,420.6 | $ 635.4 |
| Weighted average number of shares: | ||||
| Basic | 144,203,000 | 135,345,000 | 139,563,000 | 135,280,000 |
| Employee stock plans | 800,000 | 900,000 | 800,000 | 800,000 |
| Diluted | 144,989,000 | 136,213,000 | 140,321,000 | 136,098,000 |
| Continuing operations | $ 4.21 | $ 2.20 | $ 10.31 | $ 4.71 |
| Discontinued operations | $ (0.12) | $ (0.13) | $ (0.01) | |
| Earnings per common share attributable to Cliffs shareholders - Basic | $ 4.09 | $ 2.20 | $ 10.18 | $ 4.70 |
| Continuing operations | $ 4.19 | $ 2.19 | $ 10.25 | $ 4.68 |
| Discontinued operations | $ (0.12) | $ (0.01) | $ (0.13) | $ (0.01) |
| Earnings per common share attributable to Cliffs shareholders - Diluted | $ 4.07 | $ 2.18 | $ 10.12 | $ 4.67 |
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- Definition This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any.
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- Details
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income or loss derived from discontinued operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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