v3.26.1
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2026
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)2026202520262025
Loss from continuing operations$(132)$(473)$(358)$(959)
Net income from continuing operations attributable to noncontrolling interest(11)(13)(19)(25)
Net loss from continuing operations attributable to Cliffs shareholders(143)(486)(377)(984)
Loss from discontinued operations, net of tax(2)— (5)— 
Net loss attributable to Cliffs shareholders$(145)$(486)$(382)$(984)
Weighted average number of shares:
Basic571 495 571495
Employee stock plans1
— — ——
Diluted571 495 571495
Loss per common share attributable to Cliffs shareholders - basic:
Continuing operations$(0.25)$(0.98)$(0.66)$(1.99)
Discontinued operations— — (0.01)— 
$(0.25)$(0.98)$(0.67)$(1.99)
Loss per common share attributable to Cliffs shareholders - diluted:
Continuing operations$(0.25)$(0.98)$(0.66)$(1.99)
Discontinued operations— — (0.01)— 
$(0.25)$(0.98)$(0.67)$(1.99)
1 For the three and six months ended June 30, 2026, 6 million and 5 million, respectively, potentially dilutive shares were excluded from the computation of diluted EPS because their effect would have been anti-dilutive. For the three and six months ended June 30, 2025, 4 million and 2 million, respectively, potentially dilutive shares were excluded from the computation of diluted EPS because their effect would have been anti-dilutive.