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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.5.0.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract] 听
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
听
(In Millions, Except Per Share Amounts)
听
Three Months Ended
June 30,
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Six Months Ended
June 30,
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2016
听
2015
听
2016
听
2015
Income (Loss) from Continuing Operations
$
29.9

听
$
(38.2
)
听
$
144.2

听
$
128.6

Income from Continuing Operations Attributable to Noncontrolling Interest
(16.7
)
听
(5.0
)
听
(25.5
)
听
(3.1
)
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders
$
13.2

听
$
(43.2
)
听
$
118.7

听
$
125.5

Income (Loss) from Discontinued Operations, net of tax
(0.4
)
听
103.4

听
2.1

听
(825.1
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
12.8

听
$
60.2

听
$
120.8

听
$
(699.6
)
Preferred Stock Dividends
鈥�

听
鈥�

听
鈥�

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

听
$
60.2

听
$
120.8

听
$
(712.4
)
Weighted Average Number of Shares:
听
听
听
听
听
听
听
Basic
182.3

听
153.2

听
177.0

听
153.2

Depositary Shares
鈥�

听
鈥�

听
鈥�

听
25.2

Employee Stock Plans
2.3

听
鈥�

听
1.3

听
0.3

Diluted
184.6

听
153.2

听
178.3

听
178.7

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
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听
听
听
听
听
听
Continuing operations
$
0.07

听
$
(0.28
)
听
$
0.67

听
$
0.74

Discontinued operations
鈥�

听
0.67

听
0.01

听
(5.39
)
听
$
0.07

听
$
0.39

听
$
0.68

听
$
(4.65
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
听
听
听
听
听
听
听
Continuing operations
$
0.07

听
$
(0.28
)
听
$
0.67

听
$
0.70

Discontinued operations
鈥�

听
0.67

听
0.01

听
(4.62
)
听
$
0.07

听
$
0.39

听
$
0.68

听
$
(3.92
)