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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.6
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:
Ìý
(In Millions)
Ìý
Three Months Ended
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2012
Ìý
2011
Ìý
2012
Ìý
2011
Net income from continuing operations attributable to Cliffs shareholders
$
87.8

Ìý
$
618.0

Ìý
$
713.9

Ìý
$
1,429.9

Income (loss) from discontinued operations
(2.7
)
Ìý
(16.8
)
Ìý
5.1

Ìý
3.7

Net income attributable to Cliffs shareholders
$
85.1

Ìý
$
601.2

Ìý
$
719.0

Ìý
$
1,433.6

Weighted average number of shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
142.4

Ìý
144.2

Ìý
142.3

Ìý
139.5

Employee stock plans
0.5

Ìý
0.8

Ìý
0.5

Ìý
0.8

Diluted
142.9

Ìý
145.0

Ìý
142.8

Ìý
140.3

Earnings per common share attributable to
Cliffs shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.62

Ìý
$
4.29

Ìý
$
5.02

Ìý
$
10.24

Discontinued operations
(0.02
)
Ìý
(0.12
)
Ìý
0.04

Ìý
0.03

Ìý
$
0.60

Ìý
$
4.17

Ìý
$
5.06

Ìý
$
10.27

Earnings per common share attributable to
Cliffs shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
0.61

Ìý
$
4.27

Ìý
$
5.00

Ìý
$
10.19

Discontinued operations
(0.02
)
Ìý
(0.12
)
Ìý
0.04

Ìý
0.03

Ìý
$
0.59

Ìý
$
4.15

Ìý
$
5.04

Ìý
$
10.22