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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE
NOTE 17 - 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
Three Months Ended
June 30,
Ìý
Six Months Ended
June 30,
Ìý
2017
Ìý
2016
Ìý
2017
Ìý
2016
Income from Continuing Operations
$
76.5

Ìý
$
29.9

Ìý
$
46.2

Ìý
$
144.2

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
1.7

Ìý
(16.7
)
Ìý
3.4

Ìý
(25.5
)
Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
78.2

Ìý
$
13.2

Ìý
$
49.6

Ìý
$
118.7

Income (Loss) from Discontinued Operations, net of tax
(46.4
)
Ìý
(0.4
)
Ìý
(45.9
)
Ìý
2.1

Net Income Attributable to Cliffs Shareholders
$
31.8

Ìý
$
12.8

Ìý
$
3.7

Ìý
$
120.8

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
296.1

Ìý
182.3

Ìý
280.6

Ìý
177.0

Employee Stock Plans
4.6

Ìý
2.3

Ìý
4.6

Ìý
1.3

Diluted
300.7

Ìý
184.6

Ìý
285.2

Ìý
178.3

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.26

Ìý
$
0.07

Ìý
$
0.18

Ìý
$
0.67

Discontinued operations
(0.16
)
Ìý
—

Ìý
(0.16
)
Ìý
0.01

Ìý
$
0.10

Ìý
$
0.07

Ìý
$
0.02

Ìý
$
0.68

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.26

Ìý
$
0.07

Ìý
$
0.17

Ìý
$
0.67

Discontinued operations
(0.15
)
Ìý
—

Ìý
(0.16
)
Ìý
0.01

Ìý
$
0.11

Ìý
$
0.07

Ìý
$
0.01

Ìý
$
0.68