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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.4.0.3
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract] 听
EARNINGS PER SHARE
NOTE 19 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted earnings (loss) per share:
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(In Millions, Except Per Share Amounts)
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Three Months Ended
March 31,
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2016
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2015
Income from Continuing Operations
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$
114.3

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$
166.8

Loss (Income) from Continuing Operations Attributable to Noncontrolling Interest
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(8.8
)
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1.9

Net Income from Continuing Operations Attributable to Cliffs Shareholders
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$
105.5

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$
168.7

Income (Loss) from Discontinued Operations, net of tax
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2.5

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(928.5
)
Net Income (Loss) Attributable to Cliffs Shareholders
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$
108.0

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$
(759.8
)
Preferred Stock Dividends
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鈥�

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(12.8
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
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$
108.0

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$
(772.6
)
Weighted Average Number of Shares:
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Basic
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171.7

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153.2

Depositary Shares
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鈥�

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25.2

Employee Stock Plans
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0.3

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0.3

Diluted
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172.0

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178.7

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
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Continuing operations
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$
0.61

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$
1.02

Discontinued operations
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0.01

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(6.06
)
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$
0.62

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$
(5.04
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
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Continuing operations
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$
0.61

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$
0.94

Discontinued operations
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0.01

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(5.20
)
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$
0.62

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$
(4.26
)