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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.5.0.2
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2016
Ìý
2015
Ìý
2016
Ìý
2015
Income (Loss) from Continuing Operations
$
(25.1
)
Ìý
$
49.9

Ìý
$
119.1

Ìý
$
178.5

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
2.0

Ìý
4.6

Ìý
(23.5
)
Ìý
(6.2
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(23.1
)
Ìý
$
54.5

Ìý
$
95.6

Ìý
$
172.3

Loss from Discontinued Operations, net of tax
(2.7
)
Ìý
(43.9
)
Ìý
(0.6
)
Ìý
(861.3
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
(25.8
)
Ìý
$
10.6

Ìý
$
95.0

Ìý
$
(689.0
)
Preferred Stock Dividends
—

Ìý
(25.6
)
Ìý
—

Ìý
(38.4
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
(25.8
)
Ìý
$
(15.0
)
Ìý
$
95.0

Ìý
$
(727.4
)
Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
206.3

Ìý
153.2

Ìý
186.5

Ìý
153.2

Employee Stock Plans
—

Ìý
—

Ìý
2.0

Ìý
—

Diluted
206.3

Ìý
153.2

Ìý
188.5

Ìý
153.2

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(0.11
)
Ìý
$
0.19

Ìý
$
0.51

Ìý
$
0.87

Discontinued operations
(0.01
)
Ìý
(0.29
)
Ìý
—

Ìý
(5.62
)
Ìý
$
(0.12
)
Ìý
$
(0.10
)
Ìý
$
0.51

Ìý
$
(4.75
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(0.11
)
Ìý
$
0.19

Ìý
$
0.51

Ìý
$
0.87

Discontinued operations
(0.01
)
Ìý
(0.29
)
Ìý
—

Ìý
(5.62
)
Ìý
$
(0.12
)
Ìý
$
(0.10
)
Ìý
$
0.51

Ìý
$
(4.75
)