Cleveland-Cliffs Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 17 - EARNINGS PER SHARE

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.