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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2018
Ìý
2017
Ìý
2018
Ìý
2017
Income from Continuing Operations
$
199.8

Ìý
$
22.3

Ìý
$
415.8

Ìý
$
27.6

Loss from Continuing Operations Attributable to Noncontrolling Interest
—

Ìý
0.5

Ìý
—

Ìý
3.9

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
199.8

Ìý
$
22.8

Ìý
$
415.8

Ìý
$
31.5

Income from Discontinued Operations, net of tax
238.0

Ìý
30.6

Ìý
102.8

Ìý
25.6

Net Income Attributable to Cliffs Shareholders
$
437.8

Ìý
$
53.4

Ìý
$
518.6

Ìý
$
57.1

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
297.9

Ìý
296.1

Ìý
297.6

Ìý
285.8

Convertible Senior Notes
8.0

Ìý
—

Ìý
1.9

Ìý
—

Employee Stock Plans
4.3

Ìý
5.0

Ìý
4.0

Ìý
4.7

Diluted
310.2

Ìý
301.1

Ìý
303.5

Ìý
290.5

Income per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.67

Ìý
$
0.08

Ìý
$
1.40

Ìý
$
0.11

Discontinued operations
0.80

Ìý
0.10

Ìý
0.35

Ìý
0.09

Ìý
$
1.47

Ìý
$
0.18

Ìý
$
1.75

Ìý
$
0.20

Income per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.64

Ìý
$
0.08

Ìý
$
1.37

Ìý
$
0.11

Discontinued operations
0.77

Ìý
0.10

Ìý
0.34

Ìý
0.08

Ìý
$
1.41

Ìý
$
0.18

Ìý
$
1.71

Ìý
$
0.19