EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share Computation

The following table summarizes the computation of basic and diluted EPS:

	Three Months Ended June 30,				Six Months Ended June 30,
(In millions, except per share amounts)	2023		2022		2023		2022
Income from continuing operations	$	356	$	600	$	313	$	1,413
Income from continuing operations attributable to noncontrolling interest	(9)		(5)		(24)		(18)
Net income from continuing operations attributable to Cliffs shareholders	347		595		289		1,395
Income from discontinued operations, net of tax	—		1		1		2
Net income attributable to Cliffs shareholders	$	347	$	596	$	290	$	1,397
Weighted average number of shares:
Basic	513		523		514		522
Convertible senior notes	—		—		—		4
Employee stock plans	1		3		1		3
Diluted	514		526		515		529
Earnings per common share attributable to Cliffs shareholders - basic:
Continuing operations	$	0.68	$	1.14	$	0.56	$	2.67
Discontinued operations	—		—		—		—
	$	0.68	$	1.14	$	0.56	$	2.67
Earnings per common share attributable to Cliffs shareholders - diluted:
Continuing operations	$	0.67	$	1.13	$	0.56	$	2.64
Discontinued operations	—		—		—		—
	$	0.67	$	1.13	$	0.56	$	2.64