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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Computation
The following table summarizes the computation of basic and diluted EPS:
(In Millions, Except Per Share Amounts)
Year Ended December 31,
202020192018
Income (loss) from continuing operations$(82)$295 $1,040 
Income from continuing operations attributable to noncontrolling interest(41)— — 
Net income (loss) from continuing operations attributable to Cliffs shareholders(123)295 1,040 
Income (loss) from discontinued operations, net of tax1 (2)88 
Net income (loss) attributable to Cliffs shareholders$(122)$293 $1,128 
Weighted average number of shares:
Basic379 277 297 
Convertible senior notes 
Employee stock plans 
Diluted379 284 304 
Earnings (loss) per common share attributable to
Cliffs common shareholders - basic:
Continuing operations$(0.32)$1.07 $3.50 
Discontinued operations (0.01)0.30 
$(0.32)$1.06 $3.80 
Earnings (loss) per common share attributable to
Cliffs common shareholders - diluted:
Continuing operations$(0.32)$1.04 $3.42 
Discontinued operations (0.01)0.29 
$(0.32)$1.03 $3.71 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table summarizes the shares that have been excluded from the diluted earnings per share calculation for the year ended December 31, 2020, as they were anti-dilutive:
(In Millions)
2020
Redeemable preferred shares4 
Convertible senior notes2 
Shares related to employee stock plans1