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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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
September 30,		 Nine Months Ended
September 30,
(In millions, except per share amounts) 2023 2022 2023 2022
Income from continuing operations $ 274Ìý $ 165Ìý $ 587Ìý $ 1,578Ìý
Income from continuing operations attributable to noncontrolling interest (11) (13) (35) (31)
Net income from continuing operations attributable to Cliffs shareholders 263Ìý 152Ìý 552Ìý 1,547Ìý
Income from discontinued operations, net of tax 1Ìý —Ìý 2Ìý 2Ìý
Net income attributable to Cliffs shareholders $ 264Ìý $ 152Ìý $ 554Ìý $ 1,549Ìý
Weighted average number of shares:
Basic 508Ìý 516Ìý 512 520
Convertible senior notes —Ìý —Ìý — 2
Employee stock plans 1Ìý 3Ìý 1 4
Diluted 509Ìý 519Ìý 513 526
Earnings per common share attributable to Cliffs shareholders - basic:
Continuing operations $ 0.52Ìý $ 0.30Ìý $ 1.08Ìý $ 2.98Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ 0.52Ìý $ 0.30Ìý $ 1.08Ìý $ 2.98Ìý
Earnings per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ 0.52Ìý $ 0.29Ìý $ 1.08Ìý $ 2.95Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ 0.52Ìý $ 0.29Ìý $ 1.08Ìý $ 2.95Ìý