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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.4.0.3
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE
NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Ìý
Three Months Ended
March 31,
Ìý
Ìý
2016
Ìý
2015
Income from Continuing Operations
Ìý
$
114.3

Ìý
$
166.8

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
Ìý
(8.8
)
Ìý
1.9

Net Income from Continuing Operations Attributable to Cliffs Shareholders
Ìý
$
105.5

Ìý
$
168.7

Income (Loss) from Discontinued Operations, net of tax
Ìý
2.5

Ìý
(928.5
)
Net Income (Loss) Attributable to Cliffs Shareholders
Ìý
$
108.0

Ìý
$
(759.8
)
Preferred Stock Dividends
Ìý
—

Ìý
(12.8
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
Ìý
$
108.0

Ìý
$
(772.6
)
Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Basic
Ìý
171.7

Ìý
153.2

Depositary Shares
Ìý
—

Ìý
25.2

Employee Stock Plans
Ìý
0.3

Ìý
0.3

Diluted
Ìý
172.0

Ìý
178.7

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Continuing operations
Ìý
$
0.61

Ìý
$
1.02

Discontinued operations
Ìý
0.01

Ìý
(6.06
)
Ìý
Ìý
$
0.62

Ìý
$
(5.04
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Continuing operations
Ìý
$
0.61

Ìý
$
0.94

Discontinued operations
Ìý
0.01

Ìý
(5.20
)
Ìý
Ìý
$
0.62

Ìý
$
(4.26
)