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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.8.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 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
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2017
Ìý
2016
Ìý
2017
Ìý
2016
Income (Loss) from Continuing Operations
$
20.6

Ìý
$
(25.1
)
Ìý
$
66.8

Ìý
$
119.1

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
0.5

Ìý
2.0

Ìý
3.9

Ìý
(23.5
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
21.1

Ìý
$
(23.1
)
Ìý
$
70.7

Ìý
$
95.6

Income (Loss) from Discontinued Operations, net of tax
32.3

Ìý
(2.7
)
Ìý
(13.6
)
Ìý
(0.6
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
53.4

Ìý
$
(25.8
)
Ìý
$
57.1

Ìý
$
95.0

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
296.1

Ìý
206.3

Ìý
285.8

Ìý
186.5

Employee Stock Plans
5.0

Ìý
—

Ìý
4.7

Ìý
2.0

Diluted
301.1

Ìý
206.3

Ìý
290.5

Ìý
188.5

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.07

Ìý
$
(0.11
)
Ìý
$
0.25

Ìý
$
0.51

Discontinued operations
0.11

Ìý
(0.01
)
Ìý
(0.05
)
Ìý
—

Ìý
$
0.18

Ìý
$
(0.12
)
Ìý
$
0.20

Ìý
$
0.51

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.07

Ìý
$
(0.11
)
Ìý
$
0.24

Ìý
$
0.51

Discontinued operations
0.11

Ìý
(0.01
)
Ìý
(0.05
)
Ìý
—

Ìý
$
0.18

Ìý
$
(0.12
)
Ìý
$
0.19

Ìý
$
0.51