Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.6
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:
 
(In Millions)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2012
 
2011
 
2012
 
2011
Net income from continuing operations attributable to Cliffs shareholders
$
87.8

 
$
618.0

 
$
713.9

 
$
1,429.9

Income (loss) from discontinued operations
(2.7
)
 
(16.8
)
 
5.1

 
3.7

Net income attributable to Cliffs shareholders
$
85.1

 
$
601.2

 
$
719.0

 
$
1,433.6

Weighted average number of shares:
 
 
 
 
 
 
 
Basic
142.4

 
144.2

 
142.3

 
139.5

Employee stock plans
0.5

 
0.8

 
0.5

 
0.8

Diluted
142.9

 
145.0

 
142.8

 
140.3

Earnings per common share attributable to
Cliffs shareholders - Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.62

 
$
4.29

 
$
5.02

 
$
10.24

Discontinued operations
(0.02
)
 
(0.12
)
 
0.04

 
0.03

 
$
0.60

 
$
4.17

 
$
5.06

 
$
10.27

Earnings per common share attributable to
Cliffs shareholders - Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.61

 
$
4.27

 
$
5.00

 
$
10.19

Discontinued operations
(0.02
)
 
(0.12
)
 
0.04

 
0.03

 
$
0.59

 
$
4.15

 
$
5.04

 
$
10.22