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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
NOTE 17 - EARNINGS PER SHARE
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,
2022202120222021
Income from continuing operations $165 $1,281 $1,578 $2,132 
Income from continuing operations attributable to noncontrolling interest(13)(8)(31)(39)
Net income from continuing operations attributable to Cliffs shareholders152 1,273 1,547 2,093 
Income from discontinued operations, net of tax— 1 2 2 
Net income attributable to Cliffs shareholders$152 $1,274 $1,549 $2,095 
Weighted average number of shares:
Basic516 500 520497
Redeemable preferred shares— 17 —44
Convertible senior notes1
— 24 221
Employee stock plans3 6 45
Diluted519 547 526567
Earnings per common share attributable to Cliffs shareholders - basic2:
Continuing operations$0.30 $2.46 $2.98 $3.87 
Discontinued operations— — — — 
$0.30 $2.46 $2.98 $3.87 
Earnings per common share attributable to Cliffs shareholders - diluted:
Continuing operations$0.29 $2.33 $2.95 $3.69 
Discontinued operations— — — — 
$0.29 $2.33 $2.95 $3.69 
1 On January 1, 2022, we adopted ASU 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40). We utilized the modified retrospective method of adoption; using this approach, the guidance was applied to transactions outstanding as of the beginning of the fiscal year.
2 For the three and nine months ended September 30, 2021, basic earnings per share is calculated by dividing Net income attributable to Cliffs shareholders, less $42 million and $172 million, respectively, of earnings attributed to Series B Participating Redeemable Preferred Stock, by the weighted average number of basic common shares outstanding during the period presented.