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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.7.0.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2017
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
March 31,
Ìý
2017
Ìý
2016
Income (Loss) from Continuing Operations
$
(30.3
)
Ìý
$
114.3

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
1.7

Ìý
(8.8
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(28.6
)
Ìý
$
105.5

Income from Discontinued Operations, net of tax
0.5

Ìý
2.5

Net Income (Loss) Attributable to Cliffs Shareholders
$
(28.1
)
Ìý
$
108.0

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Basic
265.2

Ìý
171.7

Employee Stock Plans
—

Ìý
0.3

Diluted
265.2

Ìý
172.0

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Continuing operations
$
(0.11
)
Ìý
$
0.61

Discontinued operations
—

Ìý
0.01

Ìý
$
(0.11
)
Ìý
$
0.62

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Continuing operations
$
(0.11
)
Ìý
$
0.61

Discontinued operations
—

Ìý
0.01

Ìý
$
(0.11
)
Ìý
$
0.62