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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions, except per share amounts) 2023 2022 2023 2022
Income from continuing operations $ 356Ìý $ 600Ìý $ 313Ìý $ 1,413Ìý
Income from continuing operations attributable to noncontrolling interest (9) (5) (24) (18)
Net income from continuing operations attributable to Cliffs shareholders 347Ìý 595Ìý 289Ìý 1,395Ìý
Income from discontinued operations, net of tax —Ìý 1Ìý 1Ìý 2Ìý
Net income attributable to Cliffs shareholders $ 347Ìý $ 596Ìý $ 290Ìý $ 1,397Ìý
Weighted average number of shares:
Basic 513Ìý 523Ìý 514 522
Convertible senior notes —Ìý —Ìý — 4
Employee stock plans 1Ìý 3Ìý 1 3
Diluted 514Ìý 526Ìý 515 529
Earnings per common share attributable to Cliffs shareholders - basic:
Continuing operations $ 0.68Ìý $ 1.14Ìý $ 0.56Ìý $ 2.67Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ 0.68Ìý $ 1.14Ìý $ 0.56Ìý $ 2.67Ìý
Earnings per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ 0.67Ìý $ 1.13Ìý $ 0.56Ìý $ 2.64Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ 0.67Ìý $ 1.13Ìý $ 0.56Ìý $ 2.64Ìý