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NOTE 17 - EARNINGS PER SHARE
The following table summarizes the computation of basic and diluted EPS:
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Three Months Ended
March 31, |
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2026 |
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2025 |
| Loss from continuing operations |
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$ |
(226) |
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$ |
(486) |
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| Net income from continuing operations attributable to noncontrolling interest |
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(8) |
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(12) |
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| Net loss from continuing operations attributable to Cliffs shareholders |
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(234) |
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(498) |
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| Loss from discontinued operations, net of tax |
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(3) |
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— |
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| Net loss attributable to Cliffs shareholders |
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$ |
(237) |
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$ |
(498) |
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| Weighted average number of shares: |
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| Basic |
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570 |
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495 |
Employee stock plans1
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— |
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— |
| Diluted |
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570 |
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495 |
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| Loss per common share attributable to Cliffs shareholders - basic: |
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| Continuing operations |
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$ |
(0.42) |
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$ |
(1.01) |
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| Discontinued operations |
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—
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— |
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$ |
(0.42) |
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$ |
(1.01) |
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| Loss per common share attributable to Cliffs shareholders - diluted: |
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| Continuing operations |
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$ |
(0.42) |
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$ |
(1.01) |
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| Discontinued operations |
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—
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— |
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$ |
(0.42) |
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$ |
(1.01) |
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1 For both the three months ended March 31, 2026 and 2025, 2 million potentially dilutive shares were excluded from the computation of diluted EPS because their effect would have been anti-dilutive.
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