ÈÕº«Èý¼¶Æ¬

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.2.0.727
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted earnings (loss) per share:
Ìý
(In Millions, Except Per Share Amounts)
Ìý
Three Months Ended
June 30,
Ìý
Six Months Ended
June 30,
Ìý
2015
Ìý
2014
Ìý
2015
Ìý
2014
Net Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬ Attributable to Cliffs Shareholders
$
(43.2
)
Ìý
$
87.3

Ìý
$
125.5

Ìý
$
157.4

Income (Loss) from Discontinued ÈÕº«Èý¼¶Æ¬, net of tax
103.4

Ìý
(76.4
)
Ìý
(825.1
)
Ìý
(216.8
)
Net Income (Loss) Attributable to Cliffs Shareholders
$
60.2

Ìý
$
10.9

Ìý
$
(699.6
)
Ìý
$
(59.4
)
Preferred Stock Dividends
—

Ìý
(12.8
)
Ìý
(12.8
)
Ìý
(25.6
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
60.2

Ìý
$
(1.9
)
Ìý
$
(712.4
)
Ìý
$
(85.0
)
Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
153.2

Ìý
153.1

Ìý
153.2

Ìý
153.1

Depositary Shares
—

Ìý
—

Ìý
25.2

Ìý
—

Employee Stock Plans
—

Ìý
0.8

Ìý
0.3

Ìý
0.8

Diluted
153.2

Ìý
153.9

Ìý
178.7

Ìý
153.9

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(0.28
)
Ìý
$
0.49

Ìý
$
0.74

Ìý
$
0.86

Discontinued operations
0.67

Ìý
(0.50
)
Ìý
(5.39
)
Ìý
(1.42
)
Ìý
$
0.39

Ìý
$
(0.01
)
Ìý
$
(4.65
)
Ìý
$
(0.56
)
Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(0.28
)
Ìý
$
0.48

Ìý
$
0.70

Ìý
$
0.86

Discontinued operations
0.67

Ìý
(0.50
)
Ìý
(4.62
)
Ìý
(1.41
)
Ìý
$
0.39

Ìý
$
(0.02
)
Ìý
$
(3.92
)
Ìý
$
(0.55
)