Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Earnings Per Share Computation) (Details)

v2.4.0.8
EARNINGS PER SHARE (Earnings Per Share Computation) (Details) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income from Continuing Operations Attributable to Parent $ 115.2 $ 87.8 $ 368.2 $ 713.9
Income from Discontinued Operations, net of tax 2.0 (2.7) 2.0 5.1
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS 117.2 85.1 370.2 719.0
PREFERRED STOCK DIVIDENDS (12.9) 0 (35.9) 0
NET INCOME ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS 104.3 85.1 334.3 719.0
Weighted Average Number of Shares:        
Basic 153,029 142,396 151,288 142,332
Depositary Shares 25,216 0 21,114 0
Employee Stock Plans 214 499 222 448
Diluted 178,459 142,895 172,624 142,780
Earnings per Common Share Attributable to Cliffs Common Shareholders - Basic:        
Continuing operations $ 0.67 $ 0.62 $ 2.20 $ 5.02
Discontinued operations $ 0.01 $ (0.02) $ 0.01 $ 0.04
Earnings per Common Share Attributable to Cliffs Common Shareholders - Basic: $ 0.68 $ 0.60 $ 2.21 $ 5.06
Earnings per Common Share Attributable to Cliffs Common Shareholders - Diluted:        
Continuing operations $ 0.65 $ 0.61 $ 2.13 $ 5.00
Discontinued operations $ 0.01 $ (0.02) $ 0.01 $ 0.04
Earnings per Common Share Attributable to Cliffs Common Shareholders - Diluted: $ 0.66 $ 0.59 $ 2.14 $ 5.04
Preferred Class A [Member]
       
PREFERRED STOCK DIVIDENDS $ (12.9)   $ (35.9)