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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2015
Earnings Per Share [Abstract] |
Earnings Per Share Computation | The following table summarizes the computation of basic and diluted earnings (loss) per share:
| (In Millions, Except Per Share Amounts)
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders | $ | (43.2 | ) |  | $ | 87.3 |  |  | $ | 125.5 |  |  | $ | 157.4 |
Income (Loss) from Discontinued Operations, net of tax | 103.4 |  |  | (76.4 | ) |  | (825.1 | ) |  | (216.8 | )
Net Income (Loss) Attributable to Cliffs Shareholders | $ | 60.2 |  |  | $ | 10.9 |  |  | $ | (699.6 | ) |  | $ | (59.4 | )
Preferred Stock Dividends | — |  |  | (12.8 | ) |  | (12.8 | ) |  | (25.6 | )
Net Income (Loss) Attributable to Cliffs Common Shareholders | $ | 60.2 |  |  | $ | (1.9 | ) |  | $ | (712.4 | ) |  | $ | (85.0 | )
Weighted Average Number of Shares: |  |  |  |  |  |  |
Basic | 153.2 |  |  | 153.1 |  |  | 153.2 |  |  | 153.1 |
Depositary Shares | — |  |  | — |  |  | 25.2 |  |  | — |
Employee Stock Plans | — |  |  | 0.8 |  |  | 0.3 |  |  | 0.8 |
Diluted | 153.2 |  |  | 153.9 |  |  | 178.7 |  |  | 153.9 |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: |  |  |  |  |  |  |
Continuing operations | $ | (0.28 | ) |  | $ | 0.49 |  |  | $ | 0.74 |  |  | $ | 0.86 |
Discontinued operations | 0.67 |  |  | (0.50 | ) |  | (5.39 | ) |  | (1.42 | )
| $ | 0.39 |  |  | $ | (0.01 | ) |  | $ | (4.65 | ) |  | $ | (0.56 | )
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: |  |  |  |  |  |  |
Continuing operations | $ | (0.28 | ) |  | $ | 0.48 |  |  | $ | 0.70 |  |  | $ | 0.86 |
Discontinued operations | 0.67 |  |  | (0.50 | ) |  | (4.62 | ) |  | (1.41 | )
| $ | 0.39 |  |  | $ | (0.02 | ) |  | $ | (3.92 | ) |  | $ | (0.55 | )

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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