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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2018
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
2018
Ìý
2017
Ìý
2018
Ìý
2017
Income from Continuing Operations
$
229.4

Ìý
$
83.8

Ìý
$
216.0

Ìý
$
5.3

Loss from Continuing Operations Attributable to Noncontrolling Interest
—

Ìý
1.7

Ìý
—

Ìý
3.4

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
229.4

Ìý
$
85.5

Ìý
$
216.0

Ìý
$
8.7

Loss from Discontinued Operations, net of tax
(64.3
)
Ìý
(53.7
)
Ìý
(135.2
)
Ìý
(5.0
)
Net Income Attributable to Cliffs Shareholders
$
165.1

Ìý
$
31.8

Ìý
$
80.8

Ìý
$
3.7

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
297.6

Ìý
296.1

Ìý
297.4

Ìý
280.6

Employee Stock Plans
3.7

Ìý
4.6

Ìý
3.7

Ìý
4.6

Diluted
301.3

Ìý
300.7

Ìý
301.1

Ìý
285.2

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.77

Ìý
$
0.28

Ìý
$
0.73

Ìý
$
0.03

Discontinued operations
(0.22
)
Ìý
(0.18
)
Ìý
(0.46
)
Ìý
(0.01
)
Ìý
$
0.55

Ìý
$
0.10

Ìý
$
0.27

Ìý
$
0.02

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.76

Ìý
$
0.28

Ìý
$
0.72

Ìý
$
0.03

Discontinued operations
(0.21
)
Ìý
(0.18
)
Ìý
(0.45
)
Ìý
(0.02
)
Ìý
$
0.55

Ìý
$
0.10

Ìý
$
0.27

Ìý
$
0.01

EBITDA and Adjusted EBITDA Reconciliation
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
June 30,
Ìý
Six Months Ended
June 30,
Ìý
2018
Ìý
2017
Ìý
2018
Ìý
2017
Income from Continuing Operations
$
229.4

Ìý
$
83.8

Ìý
$
216.0

Ìý
$
5.3

Loss from Continuing Operations Attributable to Noncontrolling Interest
—

Ìý
1.7

Ìý
—

Ìý
3.4

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
229.4

Ìý
$
85.5

Ìý
$
216.0

Ìý
$
8.7

Loss from Discontinued Operations, net of tax
(64.3
)
Ìý
(53.7
)
Ìý
(135.2
)
Ìý
(5.0
)
Net Income Attributable to Cliffs Shareholders
$
165.1

Ìý
$
31.8

Ìý
$
80.8

Ìý
$
3.7

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
297.6

Ìý
296.1

Ìý
297.4

Ìý
280.6

Employee Stock Plans
3.7

Ìý
4.6

Ìý
3.7

Ìý
4.6

Diluted
301.3

Ìý
300.7

Ìý
301.1

Ìý
285.2

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.77

Ìý
$
0.28

Ìý
$
0.73

Ìý
$
0.03

Discontinued operations
(0.22
)
Ìý
(0.18
)
Ìý
(0.46
)
Ìý
(0.01
)
Ìý
$
0.55

Ìý
$
0.10

Ìý
$
0.27

Ìý
$
0.02

Income (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.76

Ìý
$
0.28

Ìý
$
0.72

Ìý
$
0.03

Discontinued operations
(0.21
)
Ìý
(0.18
)
Ìý
(0.45
)
Ìý
(0.02
)
Ìý
$
0.55

Ìý
$
0.10

Ìý
$
0.27

Ìý
$
0.01