Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(In millions, except per share amounts) 2024 2023 2024 2023
Income (loss) from continuing operations $ (230) $ 274  $ (274) $ 587 
Income from continuing operations attributable to noncontrolling interests (12) (11) (33) (35)
Net income (loss) from continuing operations attributable to Cliffs shareholders (242) 263  (307) 552 
Income from discontinued operations, net of tax —  1  —  2 
Net income (loss) attributable to Cliffs shareholders $ (242) $ 264  $ (307) $ 554 
Weighted average number of shares:
Basic 468  508  478 512
Employee stock plans1
—  1  — 1
Diluted 468  509  478 513
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ (0.52) $ 0.52  $ (0.64) $ 1.08 
Discontinued operations —  —  —  — 
$ (0.52) $ 0.52  $ (0.64) $ 1.08 
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ (0.52) $ 0.52  $ (0.64) $ 1.08 
Discontinued operations —  —  —  — 
$ (0.52) $ 0.52  $ (0.64) $ 1.08 
1Excluded from the diluted EPS calculation are anti-dilutive shares related to employee stock plans. For both the three and nine months ended September 30, 2024 2 million shares were excluded. For both the three and nine months ended September 30, 2023 2 million shares were excluded.