EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share Computation

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

	Three Months Ended March 31,
(In millions, except per share amounts)	2025		2024
Net loss	$	(483)	$	(53)
Net income attributable to noncontrolling interests	(12)		(14)
Net loss attributable to Cliffs shareholders	$	(495)	$	(67)
Weighted average number of shares:
Basic	495		492
Employee stock plans1	—		—
Diluted	495		492
Loss per common share attributable to Cliffs shareholders:
Basic	$	(1.00)	$	(0.14)
Diluted	$	(1.00)	$	(0.14)
1For both the three months ended March 31, 2025 and 2024, 2 million potentially dilutive shares were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.