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NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted EPS:
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Year Ended December 31, |
| (In millions, except per share amounts) |
2024 |
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2023 |
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2022 |
| Income (loss) from continuing operations |
$ |
(708) |
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$ |
449 |
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$ |
1,373 |
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| Income from continuing operations attributable to noncontrolling interest |
(46) |
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(51) |
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(41) |
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| Net income (loss) from continuing operations attributable to Cliffs shareholders |
(754) |
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398 |
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1,332 |
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| Income from discontinued operations, net of tax |
—
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1 |
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3 |
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| Net income (loss) attributable to Cliffs shareholders |
$ |
(754) |
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$ |
399 |
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$ |
1,335 |
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| Weighted average number of shares: |
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| Basic |
480
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510 |
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519 |
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| Convertible senior notes |
—
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— |
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2 |
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| Employee stock plans |
—
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1 |
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3 |
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| Diluted |
480
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511 |
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524 |
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| Earnings (loss) per common share attributable to Cliffs common shareholders - basic: |
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| Continuing operations |
$ |
(1.57) |
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$ |
0.78 |
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$ |
2.57 |
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| Discontinued operations |
—
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— |
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— |
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$ |
(1.57) |
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$ |
0.78 |
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$ |
2.57 |
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| Earnings (loss) per common share attributable to Cliffs common shareholders - diluted: |
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| Continuing operations |
$ |
(1.57) |
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$ |
0.78 |
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$ |
2.55 |
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| Discontinued operations |
—
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— |
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— |
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$ |
(1.57) |
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$ |
0.78 |
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$ |
2.55 |
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The following table summarizes the potentially dilutive shares that were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive:
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Year Ended December 31, |
| (In millions) |
2024 |
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2023 |
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2022 |
| Employee stock plans |
2 |
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2 |
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— |
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