Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EPS AND OTHER NON-GAAP FINANCIAL MEASURES
NOTE 19 - EARNINGS PER SHARE
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,
 
2018
 
2017
 
2018
 
2017
Income from Continuing Operations
$
199.8

 
$
22.3

 
$
415.8

 
$
27.6

Loss from Continuing Operations Attributable to Noncontrolling Interest

 
0.5

 

 
3.9

Net Income from Continuing Operations Attributable to Cliffs Shareholders
$
199.8

 
$
22.8

 
$
415.8

 
$
31.5

Income from Discontinued Operations, net of tax
238.0

 
30.6

 
102.8

 
25.6

Net Income Attributable to Cliffs Shareholders
$
437.8

 
$
53.4

 
$
518.6

 
$
57.1

Weighted Average Number of Shares:
 
 
 
 
 
 
 
Basic
297.9

 
296.1

 
297.6

 
285.8

Convertible Senior Notes
8.0

 

 
1.9

 

Employee Stock Plans
4.3

 
5.0

 
4.0

 
4.7

Diluted
310.2

 
301.1

 
303.5

 
290.5

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

 
$
0.08

 
$
1.40

 
$
0.11

Discontinued operations
0.80

 
0.10

 
0.35

 
0.09

 
$
1.47

 
$
0.18

 
$
1.75

 
$
0.20

Income per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.64

 
$
0.08

 
$
1.37

 
$
0.11

Discontinued operations
0.77

 
0.10

 
0.34

 
0.08

 
$
1.41

 
$
0.18

 
$
1.71

 
$
0.19