XML 69 R41.htm IDEA: XBRL DOCUMENT
v3.24.3

EARNINGS PER SHARE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Share Computation | The following table summarizes the computation of basic and diluted EPS:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions, except per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Income (loss) from continuing operations | $ | (230) |  |  | $ | 274 |  |  | $ | (274) |  |  | $ | 587 |
Income from continuing operations attributable to noncontrolling interests | (12) |  |  | (11) |  |  | (33) |  |  | (35) |
Net income (loss) from continuing operations attributable to Cliffs shareholders | (242) |  |  | 263 |  |  | (307) |  |  | 552 |
Income from discontinued operations, net of tax | — |  |  | 1 |  |  | — |  |  | 2 |
Net income (loss) attributable to Cliffs shareholders | $ | (242) |  |  | $ | 264 |  |  | $ | (307) |  |  | $ | 554 |
Weighted average number of shares: |  |  |  |  |  |  |
Basic | 468 |  |  | 508 |  |  | 478 |  | 512
Employee stock plans 1 | — |  |  | 1 |  |  | — |  | 1
Diluted | 468 |  |  | 509 |  |  | 478 |  | 513
Earnings (loss) per common share attributable to Cliffs shareholders - basic: |  |  |  |  |  |  |
Continuing operations | $ | (0.52) |  |  | $ | 0.52 |  |  | $ | (0.64) |  |  | $ | 1.08 |
Discontinued operations | — |  |  | — |  |  | — |  |  | — |
| $ | (0.52) |  |  | $ | 0.52 |  |  | $ | (0.64) |  |  | $ | 1.08 |
Earnings (loss) per common share attributable to Cliffs shareholders - diluted: |  |  |  |  |  |  |
Continuing operations | $ | (0.52) |  |  | $ | 0.52 |  |  | $ | (0.64) |  |  | $ | 1.08 |
Discontinued operations | — |  |  | — |  |  | — |  |  | — |
| $ | (0.52) |  |  | $ | 0.52 |  |  | $ | (0.64) |  |  | $ | 1.08 |
1 Excluded from the diluted EPS calculation are anti-dilutive shares related to employee stock plans. For both the three and nine months ended September 30, 2024 2 million shares were excluded. For both the three and nine months ended September 30, 2023 2 million shares were excluded.

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/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration