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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.2.0.727
EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
(In Millions, Except Per Share Amounts)
Three Months Ended
June 30,
Six Months Ended
June 30,
2015
2014
2015
2014
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
(43.2
)
$
87.3

$
125.5

$
157.4

Income (Loss) from Discontinued Operations, net of tax
103.4

(76.4
)
(825.1
)
(216.8
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
60.2

$
10.9

$
(699.6
)
$
(59.4
)
Preferred Stock Dividends
鈥�

(12.8
)
(12.8
)
(25.6
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
60.2

$
(1.9
)
$
(712.4
)
$
(85.0
)
Weighted Average Number of Shares:
Basic
153.2

153.1

153.2

153.1

Depositary Shares
鈥�

鈥�

25.2

鈥�

Employee Stock Plans
鈥�

0.8

0.3

0.8

Diluted
153.2

153.9

178.7

153.9

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Continuing operations
$
(0.28
)
$
0.49

$
0.74

$
0.86

Discontinued operations
0.67

(0.50
)
(5.39
)
(1.42
)
$
0.39

$
(0.01
)
$
(4.65
)
$
(0.56
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Continuing operations
$
(0.28
)
$
0.48

$
0.70

$
0.86

Discontinued operations
0.67

(0.50
)
(4.62
)
(1.41
)
$
0.39

$
(0.02
)
$
(3.92
)
$
(0.55
)