Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.20.2
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Computation The following table summarizes the computation of basic and diluted earnings per share:
(In Millions, Except Per Share Amounts)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Income (loss) from continuing operations $ 2.2  $ 91.8  $ (154.8) $ 231.1 
Income from continuing operations attributable to noncontrolling interest (11.9) —  (31.2) — 
Net income (loss) from continuing operations attributable to Cliffs shareholders (9.7) 91.8  (186.0) 231.1 
Loss from discontinued operations, net of tax (0.3) (0.9) —  (1.5)
Net income (loss) attributable to Cliffs shareholders $ (10.0) $ 90.9  $ (186.0) $ 229.6 
Weighted average number of shares:
Basic 399.4  270.0  365.2  278.4 
Convertible senior notes —  3.7  —  5.8 
Employee stock plans —  2.9  —  3.6 
Diluted 399.4  276.6  365.2  287.8 
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ (0.02) $ 0.34  $ (0.51) $ 0.83 
Discontinued operations —  —  —  (0.01)
$ (0.02) $ 0.34  $ (0.51) $ 0.82 
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ (0.02) $ 0.33  $ (0.51) $ 0.80 
Discontinued operations —  —  —  — 
$ (0.02) $ 0.33  $ (0.51) $ 0.80 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] The following table summarizes the shares that have been excluded from the diluted earnings per share calculation as they were anti-dilutive:
(In Millions)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Shares related to employee stock plans 1.8  —  1.6  —