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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 19 - EARNINGS PER SHARE 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,
| 2016 |  | 2015 |  | 2016 |  | 2015
Income (Loss) from Continuing Operations | $ | 29.9 |  |  | $ | (38.2 | ) |  | $ | 144.2 |  |  | $ | 128.6 |
Income from Continuing Operations Attributable to Noncontrolling Interest | (16.7 | ) |  | (5.0 | ) |  | (25.5 | ) |  | (3.1 | )
Net Income (Loss) from Continuing Operations Attributable to Cliffs Shareholders | $ | 13.2 |  |  | $ | (43.2 | ) |  | $ | 118.7 |  |  | $ | 125.5 |
Income (Loss) from Discontinued Operations, net of tax | (0.4 | ) |  | 103.4 |  |  | 2.1 |  |  | (825.1 | )
Net Income (Loss) Attributable to Cliffs Shareholders | $ | 12.8 |  |  | $ | 60.2 |  |  | $ | 120.8 |  |  | $ | (699.6 | )
Preferred Stock Dividends | — |  |  | — |  |  | — |  |  | (12.8 | )
Net Income (Loss) Attributable to Cliffs Common Shareholders | $ | 12.8 |  |  | $ | 60.2 |  |  | $ | 120.8 |  |  | $ | (712.4 | )
Weighted Average Number of Shares: |  |  |  |  |  |  |
Basic | 182.3 |  |  | 153.2 |  |  | 177.0 |  |  | 153.2 |
Depositary Shares | — |  |  | — |  |  | — |  |  | 25.2 |
Employee Stock Plans | 2.3 |  |  | — |  |  | 1.3 |  |  | 0.3 |
Diluted | 184.6 |  |  | 153.2 |  |  | 178.3 |  |  | 178.7 |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: |  |  |  |  |  |  |
Continuing operations | $ | 0.07 |  |  | $ | (0.28 | ) |  | $ | 0.67 |  |  | $ | 0.74 |
Discontinued operations | — |  |  | 0.67 |  |  | 0.01 |  |  | (5.39 | )
| $ | 0.07 |  |  | $ | 0.39 |  |  | $ | 0.68 |  |  | $ | (4.65 | )
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: |  |  |  |  |  |  |
Continuing operations | $ | 0.07 |  |  | $ | (0.28 | ) |  | $ | 0.67 |  |  | $ | 0.70 |
Discontinued operations | — |  |  | 0.67 |  |  | 0.01 |  |  | (4.62 | )
| $ | 0.07 |  |  | $ | 0.39 |  |  | $ | 0.68 |  |  | $ | (3.92 | )

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