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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.20.2
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation The following table summarizes the computation of basic and diluted earnings per share:
(In Millions, Except Per Share Amounts)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Income (loss) from continuing operations $ 2.2Ìý $ 91.8Ìý $ (154.8) $ 231.1Ìý
Income from continuing operations attributable to noncontrolling interest (11.9) —Ìý (31.2) —Ìý
Net income (loss) from continuing operations attributable to Cliffs shareholders (9.7) 91.8Ìý (186.0) 231.1Ìý
Loss from discontinued operations, net of tax (0.3) (0.9) —Ìý (1.5)
Net income (loss) attributable to Cliffs shareholders $ (10.0) $ 90.9Ìý $ (186.0) $ 229.6Ìý
Weighted average number of shares:
Basic 399.4Ìý 270.0Ìý 365.2Ìý 278.4Ìý
Convertible senior notes —Ìý 3.7Ìý —Ìý 5.8Ìý
Employee stock plans —Ìý 2.9Ìý —Ìý 3.6Ìý
Diluted 399.4Ìý 276.6Ìý 365.2Ìý 287.8Ìý
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ (0.02) $ 0.34Ìý $ (0.51) $ 0.83Ìý
Discontinued operations —Ìý —Ìý —Ìý (0.01)
$ (0.02) $ 0.34Ìý $ (0.51) $ 0.82Ìý
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ (0.02) $ 0.33Ìý $ (0.51) $ 0.80Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ (0.02) $ 0.33Ìý $ (0.51) $ 0.80Ìý
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] The following table summarizes the shares that have been excluded from the diluted earnings per share calculation as they were anti-dilutive:
(In Millions)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Shares related to employee stock plans 1.8Ìý —Ìý 1.6Ìý —Ìý