Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.23.3
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
Three Months Ended
September 30,		 Nine Months Ended
September 30,
(In millions, except per share amounts) 2023 2022 2023 2022
Income from continuing operations $ 274  $ 165  $ 587  $ 1,578 
Income from continuing operations attributable to noncontrolling interest (11) (13) (35) (31)
Net income from continuing operations attributable to Cliffs shareholders 263  152  552  1,547 
Income from discontinued operations, net of tax 1  —  2  2 
Net income attributable to Cliffs shareholders $ 264  $ 152  $ 554  $ 1,549 
Weighted average number of shares:
Basic 508  516  512 520
Convertible senior notes —  —  — 2
Employee stock plans 1  3  1 4
Diluted 509  519  513 526
Earnings per common share attributable to Cliffs shareholders - basic:
Continuing operations $ 0.52  $ 0.30  $ 1.08  $ 2.98 
Discontinued operations —  —  —  — 
$ 0.52  $ 0.30  $ 1.08  $ 2.98 
Earnings per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ 0.52  $ 0.29  $ 1.08  $ 2.95 
Discontinued operations —  —  —  — 
$ 0.52  $ 0.29  $ 1.08  $ 2.95