ÈÕº«Èý¼¶Æ¬

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v2.4.0.8
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2014
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
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2014
Ìý
2013
Ìý
2014
Ìý
2013
Net Income (Loss) from Continuing ÈÕº«Èý¼¶Æ¬ Attributable to Cliffs Shareholders
$
(5,879.6
)
Ìý
$
115.2

Ìý
$
(5,939.0
)
Ìý
$
368.2

Income from Discontinued ÈÕº«Èý¼¶Æ¬, net of tax
—

Ìý
2.0

Ìý
—

Ìý
2.0

Net Income (Loss) Attributable to Cliffs Shareholders
$
(5,879.6
)
Ìý
$
117.2

Ìý
$
(5,939.0
)
Ìý
$
370.2

Preferred Stock Dividends
(12.8
)
Ìý
(12.9
)
Ìý
(38.4
)
Ìý
(35.9
)
Net Income (Loss) Attributable to Cliffs Common Shareholders
$
(5,892.4
)
Ìý
$
104.3

Ìý
$
(5,977.4
)
Ìý
$
334.3

Weighted Average Number of Shares:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Basic
153.1

Ìý
153.0

Ìý
153.1

Ìý
151.3

Depositary Shares
—

Ìý
25.2

Ìý
—

Ìý
21.1

Employee Stock Plans
—

Ìý
0.2

Ìý
—

Ìý
0.2

Diluted
153.1

Ìý
178.4

Ìý
153.1

Ìý
172.6

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(38.49
)
Ìý
$
0.67

Ìý
$
(39.05
)
Ìý
$
2.20

Discontinued operations
—

Ìý
0.01

Ìý
—

Ìý
0.01

Ìý
$
(38.49
)
Ìý
$
0.68

Ìý
$
(39.05
)
Ìý
$
2.21

Earnings (Loss) per Common Share Attributable to
Cliffs Common Shareholders - Diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Continuing operations
$
(38.49
)
Ìý
$
0.65

Ìý
$
(39.05
)
Ìý
$
2.13

Discontinued operations
—

Ìý
0.01

Ìý
—

Ìý
0.01

Ìý
$
(38.49
)
Ìý
$
0.66

Ìý
$
(39.05
)
Ìý
$
2.14