Cleveland-Cliffs Inc. Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

3 Months Ended

Mar. 31, 2012

NOTE 18 – EARNINGS PER SHARE

The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:


	(In Millions)
	Three Months Ended March 31,
	2012			2011
Net income from continuing operations attributable to Cliffs shareholders	$	375.9		$	423.8
Loss from discontinued operations		(0.1	)		(0.4	)

Net income attributable to Cliffs shareholders	$	375.8		$	423.4

Weighted average number of shares:
Basic		142.2			135.5
Employee stock plans		0.5			0.7

Diluted		142.7			136.2

Earnings per common share attributable to Cliffs shareholders - Basic:
Continuing operations	$	2.64		$	3.12
Discontinued operations		-			-

	$	2.64		$	3.12

Earnings per common share attributable to Cliffs shareholders - Diluted:
Continuing operations	$	2.63		$	3.11
Discontinued operations		-			-

	$	2.63		$	3.11

The entire disclosure for earnings per share.