Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 18 EARNINGS PER SHARE

The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:

 

     (In Millions)  
     Three Months Ended
March 31,
 
         2012             2011      

Net income from continuing operations

attributable to Cliffs shareholders

   $ 375.9      $ 423.8   

Loss from discontinued operations

     (0.1     (0.4
  

 

 

   

 

 

 

Net income attributable to Cliffs shareholders

   $ 375.8      $ 423.4   
  

 

 

   

 

 

 

Weighted average number of shares:

    

Basic

     142.2        135.5   

Employee stock plans

     0.5        0.7   
  

 

 

   

 

 

 

Diluted

     142.7        136.2   
  

 

 

   

 

 

 

Earnings per common share attributable to

Cliffs shareholders - Basic:

    

Continuing operations

   $ 2.64      $ 3.12   

Discontinued operations

     -          -     
  

 

 

   

 

 

 
   $ 2.64      $ 3.12   
  

 

 

   

 

 

 

Earnings per common share attributable to

Cliffs shareholders - Diluted:

    

Continuing operations

   $ 2.63      $ 3.11   

Discontinued operations

     -          -     
  

 

 

   

 

 

 
   $ 2.63      $ 3.11