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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 19 - EARNINGS PER SHARE The following table summarizes the computation of basic and diluted earnings per share attributable to Cliffs shareholders:
| (In Millions, Except Per Share Amounts)
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Net Income (Loss) from Continuing Operations attributable to Cliffs shareholders | $ | (7,224.2 | ) |  | $ | 411.5 |  |  | $ | (935.3 | )
Income (Loss) and Gain on Sale from Discontinued Operations, net of tax | — |  |  | 2.0 |  |  | 35.9 |
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | (7,224.2 | ) |  | $ | 413.5 |  |  | $ | (899.4 | )
PREFERRED STOCK DIVIDENDS | (51.2 | ) |  | (48.7 | ) |  | — |
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS | $ | (7,275.4 | ) |  | $ | 364.8 |  |  | $ | (899.4 | )
Weighted Average Number of Shares: |  |  |  |  |
Basic | 153.1 |  |  | 151.7 |  |  | 142.4 |
Depositary Shares | — |  |  | 0.5 |  |  | — |
Employee Stock Plans | — |  |  | 22.1 |  |  | — |
Diluted | 153.1 |  |  | 174.3 |  |  | 142.4 |
Earnings (loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: |  |  |  |  |
Continuing operations | $ | (47.52 | ) |  | $ | 2.39 |  |  | $ | (6.57 | )
Discontinued operations | — |  |  | 0.01 |  |  | 0.25 |
| $ | (47.52 | ) |  | $ | 2.40 |  |  | $ | (6.32 | )
Earnings (loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: |  |  |  |  |
Continuing operations | $ | (47.52 | ) |  | $ | 2.36 |  |  | $ | (6.57 | )
Discontinued operations | — |  |  | 0.01 |  |  | 0.25 |
| $ | (47.52 | ) |  | $ | 2.37 |  |  | $ | (6.32 | )
The diluted earnings per share calculation excludes 25.2 million depositary shares that were anti-dilutive for the year ended December 31, 2014. Additionally, the diluted earnings per share calculation excludes 0.7 million shares for the year ended December 31, 2014 related to equity plan awards that were anti-dilutive. There was no anti-dilution for the year ended December 31, 2013. For the year ended December 31, 2012, the diluted earnings per share calculation excludes 0.5 million shares related to equity plan awards that were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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