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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.20.2
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract] Ìý
Earnings Per Share Computation The following table summarizes the computation of basic and diluted earnings per share:
(In Millions, Except Per Share Amounts)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020 2019 2020 2019
Income (loss) from continuing operations $ 2.2Ìý $ 91.8Ìý $ (154.8) $ 231.1Ìý
Income from continuing operations attributable to noncontrolling interest (11.9) —� (31.2) —�
Net income (loss) from continuing operations attributable to Cliffs shareholders (9.7) 91.8Ìý (186.0) 231.1Ìý
Loss from discontinued operations, net of tax (0.3) (0.9) â€�Ìý (1.5)
Net income (loss) attributable to Cliffs shareholders $ (10.0) $ 90.9Ìý $ (186.0) $ 229.6Ìý
Weighted average number of shares:
Basic 399.4Ìý 270.0Ìý 365.2Ìý 278.4Ìý
Convertible senior notes â€�Ìý 3.7Ìý â€�Ìý 5.8Ìý
Employee stock plans â€�Ìý 2.9Ìý â€�Ìý 3.6Ìý
Diluted 399.4Ìý 276.6Ìý 365.2Ìý 287.8Ìý
Earnings (loss) per common share attributable to Cliffs shareholders - basic:
Continuing operations $ (0.02) $ 0.34Ìý $ (0.51) $ 0.83Ìý
Discontinued operations â€�Ìý —Ì� â€�Ìý (0.01)
$ (0.02) $ 0.34Ìý $ (0.51) $ 0.82Ìý
Earnings (loss) per common share attributable to Cliffs shareholders - diluted:
Continuing operations $ (0.02) $ 0.33Ìý $ (0.51) $ 0.80Ìý
Discontinued operations â€�Ìý —Ì� â€�Ìý —Ì�
$ (0.02) $ 0.33Ìý $ (0.51) $ 0.80Ìý
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] The following table summarizes the shares that have been excluded from the diluted earnings per share calculation as they were anti-dilutive:
(In Millions)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020 2019 2020 2019
Shares related to employee stock plans 1.8Ìý —Ì� 1.6Ìý —Ì�