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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.8
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share:
(In Millions, Except Per Share Amounts)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2013
2012
2013
2012
Net Income from Continuing Operations
attributable to Cliffs shareholders
$
115.2

$
87.8

$
368.2

$
713.9

Income from Discontinued Operations,
听听听听net of tax
2.0

(2.7
)
2.0

5.1

NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
$
117.2

$
85.1

$
370.2

$
719.0

PREFERRED STOCK DIVIDENDS
(12.9
)
鈥�

(35.9
)
鈥�

NET INCOME ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS
$
104.3

$
85.1

$
334.3

$
719.0

Weighted Average Number of Shares:
Basic
153.0

142.4

151.3

142.3

Depositary Shares
25.2

鈥�

21.1

鈥�

Employee Stock Plans
0.2

0.5

0.2

0.5

Diluted
178.4

142.9

172.6

142.8

Earnings per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Continuing operations
$
0.67

$
0.62

$
2.20

$
5.02

Discontinued operations
0.01

(0.02
)
0.01

0.04

$
0.68

$
0.60

$
2.21

$
5.06

Earnings per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Continuing operations
$
0.65

$
0.61

$
2.13

$
5.00

Discontinued operations
0.01

(0.02
)
0.01

0.04

$
0.66

$
0.59

$
2.14

$
5.04