Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.24.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
June 30,		 Six Months Ended
June 30,
(In millions, except per share amounts) 2024 2023 2024 2023
Income (loss) from continuing operations $ 9  $ 356  $ (44) $ 313 
Income from continuing operations attributable to noncontrolling interests (7) (9) (21) (24)
Net income (loss) from continuing operations attributable to Cliffs shareholders 2  347  (65) 289 
Income from discontinued operations, net of tax —  —  —  1 
Net income (loss) attributable to Cliffs shareholders $ 2  $ 347  $ (65) $ 290 
Weighted average number of shares:
Basic 473  513  483 514
Employee stock plans1
1  1  — 1
Diluted 474  514  483 515
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ —  $ 0.68  $ (0.13) $ 0.56 
Discontinued operations —  —  —  — 
$ —  $ 0.68  $ (0.13) $ 0.56 
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ —  $ 0.67  $ (0.13) $ 0.56 
Discontinued operations —  —  —  — 
$ —  $ 0.67  $ (0.13) $ 0.56 
1Excluded from the diluted EPS calculation are anti-dilutive shares related to employee stock plans. For the three and six months ended June 30, 2024, 2 million and 2 million shares, respectively, were excluded. For the three and six months ended June 30, 2023, 3 million and 2 million shares, respectively, were excluded.