XML 77 R51.htm IDEA: XBRL DOCUMENT
v3.8.0.1

EARNINGS PER SHARE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
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)
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Income from Continuing Operations | $ | 381.8 |  |  | $ | 219.2 |  |  | $ | 143.7 |
Loss (Income) from Continuing Operations attributable to Noncontrolling Interest | 3.9 |  |  | (25.2 | ) |  | (8.6 | )
Net Income from Continuing Operations attributable to Cliffs shareholders | $ | 385.7 |  |  | $ | 194.0 |  |  | $ | 135.1 |
Loss from Discontinued Operations, net of tax | (18.7 | ) |  | (19.9 | ) |  | (884.4 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 367.0 |  |  | $ | 174.1 |  |  | $ | (749.3 | )
PREFERRED STOCK DIVIDENDS | — |  |  | — |  |  | (38.4 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS | $ | 367.0 |  |  | $ | 174.1 |  |  | $ | (787.7 | )
Weighted Average Number of Shares: |  |  |  |  |
Basic | 288.4 |  |  | 197.7 |  |  | 153.2 |
Employee Stock Plans | 4.6 |  |  | 2.4 |  |  | 0.4 |
Diluted | 293.0 |  |  | 200.1 |  |  | 153.6 |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: |  |  |  |  |
Continuing operations | $ | 1.34 |  |  | $ | 0.98 |  |  | $ | 0.63 |
Discontinued operations | (0.06 | ) |  | (0.10 | ) |  | (5.77 | )
| $ | 1.28 |  |  | $ | 0.88 |  |  | $ | (5.14 | )
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: |  |  |  |  |
Continuing operations | $ | 1.32 |  |  | $ | 0.97 |  |  | $ | 0.63 |
Discontinued operations | (0.06 | ) |  | (0.10 | ) |  | (5.76 | )
| $ | 1.26 |  |  | $ | 0.87 |  |  | $ | (5.13 | )
The common share equivalents for the $316.25 million 1.50% 2025 Convertible Senior Notes that were issued in the fourth quarter of 2017 were not included in the computation of diluted earnings per common share as we have the ability and intent, both currently and in the future, to settle these in cash. The diluted earnings per share calculation excludes 25.3 million depositary shares that were anti-dilutive for the year ended December 31, 2015. Refer to NOTE 5 - DEBT AND CREDIT FACILITIES for further information.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration