(In Millions)

Three Months Ended
September 30,

Nine Months Ended
September 30,

2011

2010

2011

2010

Net income from continuing operations attributable to Cliffs shareholders

$

607.0

$

298.1

$

1,439.3

$

637.4

Loss from discontinued operations

(17.5)

(0.7)

(18.7)

(2.0)

Net income attributable to Cliffs shareholders

$

589.5

$

297.4

$

1,420.6

$

635.4

Weighted average number of shares:

Basic

144.2

135.3

139.5

135.3

Employee stock plans

0.8

0.9

0.8

Diluted

145.0

136.2

140.3

136.1

Earnings per common share attributable to Cliffs shareholders - Basic:

Continuing operations

$

4.21

$

2.20

$

10.31

$

4.71

Discontinued operations

(0.12)

-

(0.13)

(0.01)

$

4.09

$

2.20

$

10.18

$

4.70

Earnings per common share attributable to Cliffs shareholders - Diluted:

Continuing operations

$

4.19

$

2.19

$

10.25

$

4.68

Discontinued operations

(0.12)

(0.01)

(0.13)

(0.01)

$

4.07

$

2.18

$

10.12

$

4.67