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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2024
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) 2024 2023 2024 2023
Income (loss) from continuing operations $ 9Ìý $ 356Ìý $ (44) $ 313Ìý
Income from continuing operations attributable to noncontrolling interests (7) (9) (21) (24)
Net income (loss) from continuing operations attributable to Cliffs shareholders 2Ìý 347Ìý (65) 289Ìý
Income from discontinued operations, net of tax —Ìý —Ìý —Ìý 1Ìý
Net income (loss) attributable to Cliffs shareholders $ 2Ìý $ 347Ìý $ (65) $ 290Ìý
Weighted average number of shares:
Basic 473Ìý 513Ìý 483 514
Employee stock plans1
1Ìý 1Ìý — 1
Diluted 474Ìý 514Ìý 483 515
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ —Ìý $ 0.68Ìý $ (0.13) $ 0.56Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ —Ìý $ 0.68Ìý $ (0.13) $ 0.56Ìý
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ —Ìý $ 0.67Ìý $ (0.13) $ 0.56Ìý
Discontinued operations —Ìý —Ìý —Ìý —Ìý
$ —Ìý $ 0.67Ìý $ (0.13) $ 0.56Ìý
1Excluded from the diluted EPS calculation are anti-dilutive shares related to employee stock plans. For the three and six months ended JuneÌý30, 2024, 2 million and 2 million shares, respectively, were excluded. For the three and six months ended JuneÌý30, 2023, 3 million and 2 million shares, respectively, were excluded.