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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(In millions, except per share amounts) 2024 2023 2024 2023
Income (loss) from continuing operations $ (230) $ 274Ìý $ (274) $ 587Ìý
Income from continuing operations attributable to noncontrolling interests (12) (11) (33) (35)
Net income (loss) from continuing operations attributable to Cliffs shareholders (242) 263Ìý (307) 552Ìý
Income from discontinued operations, net of tax —Ìý 1Ìý —Ìý 2Ìý
Net income (loss) attributable to Cliffs shareholders $ (242) $ 264Ìý $ (307) $ 554Ìý
Weighted average number of shares:
Basic 468Ìý 508Ìý 478 512
Employee stock plans1
—Ìý 1Ìý — 1
Diluted 468Ìý 509Ìý 478 513
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ (0.52) $ 0.52Ìý $ (0.64) $ 1.08Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ (0.52) $ 0.52Ìý $ (0.64) $ 1.08Ìý
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ (0.52) $ 0.52Ìý $ (0.64) $ 1.08Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ (0.52) $ 0.52Ìý $ (0.64) $ 1.08Ìý
1Excluded from the diluted EPS calculation are anti-dilutive shares related to employee stock plans. For both the three and nine months ended SeptemberÌý30, 2024 2 million shares were excluded. For both the three and nine months ended SeptemberÌý30, 2023 2 million shares were excluded.