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

 
$
166.8

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

Net Income from Continuing Operations Attributable to Cliffs Shareholders
 
$
105.5

 
$
168.7

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

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

 
$
(759.8
)
Preferred Stock Dividends
 
—

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

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

 
153.2

Depositary Shares
 
—

 
25.2

Employee Stock Plans
 
0.3

 
0.3

Diluted
 
172.0

 
178.7

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

 
$
1.02

Discontinued operations
 
0.01

 
(6.06
)
 
 
$
0.62

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

 
$
0.94

Discontinued operations
 
0.01

 
(5.20
)
 
 
$
0.62

 
$
(4.26
)