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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.2.0.727
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
June 30,
Ìý
Six Months Ended
June 30,
Ìý
2015
Ìý
2014
Ìý
2015
Ìý
2014
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(43.2
)
Ìý
$
87.3

Ìý
$
125.5

Ìý
$
157.4

Income (Loss) from Discontinued Operations, net of tax
103.4

Ìý
(76.4
)
Ìý
(825.1
)
Ìý
(216.8
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
60.2

Ìý
$
10.9

Ìý
$
(699.6
)
Ìý
$
(59.4
)
Preferred Stock Dividends
—

Ìý
(12.8
)
Ìý
(12.8
)
Ìý
(25.6
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
60.2

Ìý
$
(1.9
)
Ìý
$
(712.4
)
Ìý
$
(85.0
)
Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
153.2

Ìý
153.1

Ìý
153.2

Ìý
153.1

Depositary Shares
—

Ìý
—

Ìý
25.2

Ìý
—

Employee Stock Plans
—

Ìý
0.8

Ìý
0.3

Ìý
0.8

Diluted
153.2

Ìý
153.9

Ìý
178.7

Ìý
153.9

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(0.28
)
Ìý
$
0.49

Ìý
$
0.74

Ìý
$
0.86

Discontinued operations
0.67

Ìý
(0.50
)
Ìý
(5.39
)
Ìý
(1.42
)
Ìý
$
0.39

Ìý
$
(0.01
)
Ìý
$
(4.65
)
Ìý
$
(0.56
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(0.28
)
Ìý
$
0.48

Ìý
$
0.70

Ìý
$
0.86

Discontinued operations
0.67

Ìý
(0.50
)
Ìý
(4.62
)
Ìý
(1.41
)
Ìý
$
0.39

Ìý
$
(0.02
)
Ìý
$
(3.92
)
Ìý
$
(0.55
)