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

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2012


	(In Millions)
	Three Months Ended June 30,					Six Months Ended June 30,
	2012		2011			2012			2011
Net income from continuing operations attributable to Cliffs shareholders	$	258.0	$	409.8		$	633.9		$	833.6
Loss from discontinued operations		-		(0.7	)		(0.1	)		(1.1	)

Net income attributable to Cliffs shareholders	$	258.0	$	409.1		$	633.8		$	832.5

Weighted average number of shares:
Basic		142.4		139.0			142.3			137.2
Employee stock plans		0.4		0.8			0.5			0.8

Diluted		142.8		139.8			142.8			138.0

Earnings per common share attributable to Cliffs shareholders - Basic:
Continuing operations	$	1.81	$	2.95		$	4.45		$	6.07
Discontinued operations		-		(0.01	)		-			(0.01	)

	$	1.81	$	2.94		$	4.45		$	6.06

Earnings per common share attributable to Cliffs shareholders - Diluted:
Continuing operations	$	1.81	$	2.93		$	4.44		$	6.04
Discontinued operations		-		(0.01	)		-			(0.01	)

	$	1.81	$	2.92		$	4.44		$	6.03