Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE (Tables)

v3.25.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
March 31,
(In millions, except per share amounts) 2025 2024
Net loss $ (483) $ (53)
Net income attributable to noncontrolling interests (12) (14)
Net loss attributable to Cliffs shareholders $ (495) $ (67)
Weighted average number of shares:
Basic 495 492
Employee stock plans1
— —
Diluted 495 492
Loss per common share attributable to Cliffs shareholders:
Basic $ (1.00) $ (0.14)
Diluted $ (1.00) $ (0.14)
1For both the three months ended March 31, 2025 and 2024, 2 million potentially dilutive shares were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.