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Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.19.3.a.u2
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2019
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
Year Ended December 31,
Ìý
2019
Ìý
2018
Ìý
2017
Income from continuing operations
$
294.5

Ìý
$
1,039.9

Ìý
$
360.6

Loss from continuing operations attributable to
noncontrolling interest
—

Ìý
—

Ìý
3.9

Net income from continuing operations
attributable to Cliffs shareholders
294.5

Ìý
1,039.9

Ìý
364.5

Income (loss) from discontinued operations, net of tax
(1.7
)
Ìý
88.2

Ìý
2.5

Net income attributable to Cliffs shareholders
$
292.8

Ìý
$
1,128.1

Ìý
$
367.0

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Weighted average number of shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
276.8

Ìý
297.2

Ìý
288.4

Convertible senior notes
4.4

Ìý
3.4

Ìý
—

Employee stock plans
3.3

Ìý
3.5

Ìý
4.6

Diluted
284.5

Ìý
304.1

Ìý
293.0

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Earnings (loss) per common share attributable to
Cliffs common shareholders - basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
1.07

Ìý
$
3.50

Ìý
$
1.27

Discontinued operations
(0.01
)
Ìý
0.30

Ìý
0.01

Ìý
$
1.06

Ìý
$
3.80

Ìý
$
1.28

Earnings (loss) per common share attributable to
Cliffs common shareholders - diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
1.04

Ìý
$
3.42

Ìý
$
1.25

Discontinued operations
(0.01
)
Ìý
0.29

Ìý
0.01

Ìý
$
1.03

Ìý
$
3.71

Ìý
$
1.26