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Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS PER SHARE (Tables)

v3.25.0.1
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Year Ended December 31,
(In millions, except per share amounts) 2024 2023 2022
Income (loss) from continuing operations $ (708) $ 449Ìý $ 1,373Ìý
Income from continuing operations attributable to noncontrolling interest (46) (51) (41)
Net income (loss) from continuing operations attributable to Cliffs shareholders (754) 398Ìý 1,332Ìý
Income from discontinued operations, net of tax —Ìý 1Ìý 3Ìý
Net income (loss) attributable to Cliffs shareholders $ (754) $ 399Ìý $ 1,335Ìý
Weighted average number of shares:
Basic 480Ìý 510Ìý 519Ìý
Convertible senior notes —Ìý —Ìý 2Ìý
Employee stock plans —Ìý 1Ìý 3Ìý
Diluted 480Ìý 511Ìý 524Ìý
Earnings (loss) per common share attributable to Cliffs common shareholders - basic:
Continuing operations $ (1.57) $ 0.78Ìý $ 2.57Ìý
Discontinued operations —Ìý —Ìý —Ìý
$ (1.57) $ 0.78Ìý $ 2.57Ìý
Earnings (loss) per common share attributable to Cliffs common shareholders - diluted:
Continuing operations $ (1.57) $ 0.78Ìý $ 2.55Ìý
Discontinued operations —Ìý —Ìý —Ìý
$ (1.57) $ 0.78Ìý $ 2.55Ìý
Schedule of Potentially Dilutive Shares Excluded from the Computation of Diluted Earnings Per Share
The following table summarizes the potentially dilutive shares that were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive:
Year Ended December 31,
(In millions) 2024 2023 2022
Employee stock plans 2 2Ìý —Ìý