Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.8.0.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 18 - 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,
 
2018
 
2017
Loss from Continuing Operations
$
(84.8
)
 
$
(30.3
)
Loss from Continuing Operations Attributable to Noncontrolling Interest
—

 
1.7

Net Loss from Continuing Operations Attributable to Cliffs Shareholders
$
(84.8
)
 
$
(28.6
)
Income from Discontinued Operations, net of tax
0.5

 
0.5

Net Loss Attributable to Cliffs Shareholders
$
(84.3
)
 
$
(28.1
)
Weighted Average Number of Shares:
 
 
 
Basic
297.3

 
265.2

Employee Stock Plans
—

 
—

Diluted
297.3

 
265.2

Loss per Common Share Attributable to
Cliffs Common Shareholders - Basic:
 
 
 
Continuing operations
$
(0.29
)
 
$
(0.11
)
Discontinued operations
—

 
—

 
$
(0.29
)
 
$
(0.11
)
Loss per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
Continuing operations
$
(0.29
)
 
$
(0.11
)
Discontinued operations
—

 
—

 
$
(0.29
)
 
$
(0.11
)

The diluted earnings per share calculation excludes 3.8 million and 4.6 million shares for the three months ended March 31, 2018 and 2017, respectively, related to equity plan awards that would have been anti-dilutive.