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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.1.u1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
March 31,
(In millions, except per share amounts) 2024 2023
Loss from continuing operations $ (53) $ (43)
Income from continuing operations attributable to noncontrolling interests (14) (15)
Net loss from continuing operations attributable to Cliffs shareholders (67) (58)
Income from discontinued operations, net of tax —Ìý 1Ìý
Net loss attributable to Cliffs shareholders $ (67) $ (57)
Weighted average number of shares:
Basic 492 515
Employee stock plans1
— —
Diluted 492 515
Loss per common share attributable to Cliffs shareholders - basic:
Continuing operations $ (0.14) $ (0.11)
Discontinued operations —Ìý —Ìý
$ (0.14) $ (0.11)
Loss per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ (0.14) $ (0.11)
Discontinued operations —Ìý —Ìý
$ (0.14) $ (0.11)
1 For the three months ended MarchÌý31, 2024 and 2023, we had 2 million and 1 million shares, respectively, related to employee stock plans that were excluded from the diluted EPS calculation as they were anti-dilutive.