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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Earnings Per Share Computation | 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,
|  | 2016 |  | 2015 |  | 2014
Income from Continuing Operations |  | $ | 219.2 |  |  | $ | 143.7 |  |  | $ | 56.4 |
Income from Continuing Operations Attributable to Noncontrolling Interest |  | (25.2 | ) |  | (8.6 | ) |  | (25.9 | )
Net Income from Continuing Operations attributable to Cliffs shareholders |  | $ | 194.0 |  |  | $ | 135.1 |  |  | $ | 30.5 |
Loss from Discontinued Operations, net of tax |  | (19.9 | ) |  | (884.4 | ) |  | (7,254.7 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS |  | $ | 174.1 |  |  | $ | (749.3 | ) |  | $ | (7,224.2 | )
PREFERRED STOCK DIVIDENDS |  | — |  |  | (38.4 | ) |  | (51.2 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS |  | $ | 174.1 |  |  | $ | (787.7 | ) |  | $ | (7,275.4 | )
Weighted Average Number of Shares: |  |  |  |  |  |
Basic |  | 197.7 |  |  | 153.2 |  |  | 153.1 |
Employee Stock Plans |  | 2.4 |  |  | 0.4 |  |  | — |
Diluted |  | 200.1 |  |  | 153.6 |  |  | 153.1 |
Earnings (loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: |  |  |  |  |  |
Continuing operations |  | $ | 0.98 |  |  | $ | 0.63 |  |  | $ | (0.14 | )
Discontinued operations |  | (0.10 | ) |  | (5.77 | ) |  | (47.38 | )
|  | $ | 0.88 |  |  | $ | (5.14 | ) |  | $ | (47.52 | )
Earnings (loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: |  |  |  |  |  |
Continuing operations |  | $ | 0.97 |  |  | $ | 0.63 |  |  | $ | (0.14 | )
Discontinued operations |  | (0.10 | ) |  | (5.76 | ) |  | (47.38 | )
|  | $ | 0.87 |  |  | $ | (5.13 | ) |  | $ | (47.52 | )
The diluted earnings per share calculation excludes 25.3 million and 25.2 million depositary shares that were anti-dilutive for the year ended December 31, 2015 and 2014, respectively. Additionally, the diluted earnings per share calculation also excludes 0.7 million of equity plan awards that were anti-dilutive for the year ended December 31, 2014.

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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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