10-Q Filing

CLEVELAND-CLIFFS INC. CIK: 764065 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000764065-15-000138`
Period End Date	20150930
Filing Date	20151029
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	clf-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 140 Cash Flow Statement 63 Comprehensive Income 32

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$244.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$271.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$53.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$122.70M	USD	Point-in-time
Inventories	`InventoryNet`	$351.70M	USD	Point-in-time
Inventories	`InventoryNet`	$260.10M	USD	Point-in-time
Supplies and other inventories	`Supplies`	$118.00M	USD	Point-in-time
Supplies and other inventories	`Supplies`	$118.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$217.60M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.10M	USD	Point-in-time
Short-term assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$141.40M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Short-term assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$330.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$128.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$138.10M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.08B	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.45B	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$1.05B	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$1.07B	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Long-term assets of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$400.10M	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Long-term assets of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	-	USD	Point-in-time
Other Non-Current Assets	`OtherAssetsNoncurrent`	$244.50M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	159.55M	shares	Point-in-time
Other Non-Current Assets	`OtherAssetsNoncurrent`	$143.00M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	159.55M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	153.40M	shares	Point-in-time
TOTAL OTHER ASSETS	`TotalOtherAssets`	$143.00M	USD	Point-in-time
TOTAL OTHER ASSETS	`TotalOtherAssets`	$644.60M	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	153.25M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$2.27B	USD	Point-in-time
Common shares in treasury	`TreasuryStockShares`	6.14M	shares	Point-in-time
Common shares in treasury	`TreasuryStockShares`	6.30M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$3.16B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$166.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$102.30M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$201.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$149.80M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$182.20M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$400.60M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$190.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$235.60M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$669.90M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$958.60M	USD	Point-in-time
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$259.70M	USD	Point-in-time
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$209.10M	USD	Point-in-time
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS	`MineReclamationAndClosingLiabilityNoncurrent`	$211.90M	USD	Point-in-time
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS	`MineReclamationAndClosingLiabilityNoncurrent`	$165.60M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$2.72B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$2.84B	USD	Point-in-time
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$436.10M	USD	Point-in-time
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$218.50M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$235.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.90B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.03B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE 20)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (SEE NOTE 20)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock - no par value, Class A - 3,000,000 shares authorized, 7 % Series A Mandatory Convertible, Class A, no par value and $1,000 per share liquidation preference, Issued and Outstanding - 731,223 shares (2014 - 731,223) Class B - 4,000,000 shares authorized	`PreferredSharesIssuedAndOutstandingValue`	$731.30M	USD	Point-in-time
Preferred Stock - no par value, Class A - 3,000,000 shares authorized, 7 % Series A Mandatory Convertible, Class A, no par value and $1,000 per share liquidation preference, Issued and Outstanding - 731,223 shares (2014 - 731,223) Class B - 4,000,000 shares authorized	`PreferredSharesIssuedAndOutstandingValue`	$731.30M	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2014 - 400,000,000 shares); Issued - 159,546,224 shares (2014 - 159,546,224 shares); Outstanding - 153,404,664 shares (2014 - 153,246,754 shares)	`CommonStockValueOutstanding`	$19.80M	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2014 - 400,000,000 shares); Issued - 159,546,224 shares (2014 - 159,546,224 shares); Outstanding - 153,404,664 shares (2014 - 153,246,754 shares)	`CommonStockValueOutstanding`	$19.80M	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$2.31B	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$2.31B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-4.69B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-3.96B	USD	Point-in-time
Cost of 6,141,560 common shares in treasury (2014 - 6,299,470 shares)	`TreasuryStockValue`	$277.50M	USD	Point-in-time
Cost of 6,141,560 common shares in treasury (2014 - 6,299,470 shares)	`TreasuryStockValue`	$285.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-112.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-55.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-245.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-101.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.90M	USD	Point-in-time
TOTAL CLIFFS SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-1.43B	USD	Point-in-time
TOTAL CLIFFS SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-1.93B	USD	Point-in-time
NONCONTROLLING INTEREST (DEFICIT)	`MinorityInterest`	$172.50M	USD	Point-in-time
NONCONTROLLING INTEREST (DEFICIT)	`MinorityInterest`	$-303.00M	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.88B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.73B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.76B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-177.30M	USD	Point-in-time
TOTAL LIABILITIES AND DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.16B	USD	Point-in-time
TOTAL LIABILITIES AND DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.27B	USD	Point-in-time

Income Statement 140 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$2.16B	USD	3 Qtrs
Product	`SalesRevenueGoodsNet`	$542.50M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$1.40B	USD	3 Qtrs
Product	`SalesRevenueGoodsNet`	$901.90M	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$1.03B	USD	3 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$77.80M	USD	1 Quarter
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$137.40M	USD	3 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$50.70M	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$1.01B	USD	1 Quarter
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$181.20M	USD	3 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$7.70M	USD	3 Qtrs
TOTAL REVENUES	`Revenues`	$2.34B	USD	3 Qtrs
TOTAL REVENUES	`Revenues`	$593.20M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$979.70M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$1.54B	USD	3 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$538.10M	USD	1 Quarter
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$1.71B	USD	3 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$1.34B	USD	3 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$723.50M	USD	1 Quarter
SALES MARGIN	`GrossProfit`	$629.70M	USD	3 Qtrs
SALES MARGIN	`GrossProfit`	$193.20M	USD	3 Qtrs
SALES MARGIN	`GrossProfit`	$256.20M	USD	1 Quarter
SALES MARGIN	`GrossProfit`	$55.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$49.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$131.10M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$82.20M	USD	3 Qtrs
Impairment of goodwill and other long-lived assets	`AssetImpairmentCharges`	$-378.60M	USD	3 Qtrs
Impairment of goodwill and other long-lived assets	`AssetImpairmentCharges`	$-377.00M	USD	1 Quarter
Impairment of goodwill and other long-lived assets	`AssetImpairmentCharges`	$-3.30M	USD	3 Qtrs
Impairment of goodwill and other long-lived assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$15.70M	USD	3 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$27.70M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$19.10M	USD	3 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-3.50M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$494.00M	USD	3 Qtrs
Other operating expense	`OperatingExpenses`	$25.90M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$399.00M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$66.40M	USD	3 Qtrs
OPERATING INCOME (EXPENSE)	`OperatingIncomeLoss`	$-142.80M	USD	1 Quarter
OPERATING INCOME (EXPENSE)	`OperatingIncomeLoss`	$135.70M	USD	3 Qtrs
OPERATING INCOME (EXPENSE)	`OperatingIncomeLoss`	$29.20M	USD	1 Quarter
OPERATING INCOME (EXPENSE)	`OperatingIncomeLoss`	$126.80M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-128.30M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-61.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-45.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-168.20M	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$392.90M	USD	3 Qtrs
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$79.20M	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$10.10M	USD	3 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	3 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$7.70M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$17.40M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-118.20M	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$221.70M	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-38.10M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-180.90M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.60M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$348.50M	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.50M	USD	3 Qtrs
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$84.10M	USD	1 Quarter
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$-3.40M	USD	1 Quarter
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$169.90M	USD	3 Qtrs
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$121.30M	USD	3 Qtrs
EQUITY LOSS FROM VENTURES, NET OF TAX	`IncomeLossFromEquityMethodInvestments`	$-100.00K	USD	1 Quarter
EQUITY LOSS FROM VENTURES, NET OF TAX	`IncomeLossFromEquityMethodInvestments`	$-9.20M	USD	1 Quarter
EQUITY LOSS FROM VENTURES, NET OF TAX	`IncomeLossFromEquityMethodInvestments`	$-9.80M	USD	3 Qtrs
EQUITY LOSS FROM VENTURES, NET OF TAX	`IncomeLossFromEquityMethodInvestments`	$-100.00K	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-274.20M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$49.90M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$178.50M	USD	3 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-113.60M	USD	3 Qtrs
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-43.90M	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.61B	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-869.00M	USD	3 Qtrs
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-6.83B	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-6.89B	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-690.50M	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-6.94B	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$6.00M	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (Three Months Ended September 30, 2015 - No loss related to Discontinued Operations, Nine Months Ended September 30, 2015 - Loss of $7.7 million related to Discontinued Operations, Three and Nine Months Ended September 30, 2014 - Loss of $1,010.1 million and $1,026.8 million, respectively, related to Discontinued Operations)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.50M	USD	3 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (Three Months Ended September 30, 2015 - No loss related to Discontinued Operations, Nine Months Ended September 30, 2015 - Loss of $7.7 million related to Discontinued Operations, Three and Nine Months Ended September 30, 2014 - Loss of $1,010.1 million and $1,026.8 million, respectively, related to Discontinued Operations)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.00B	USD	3 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (Three Months Ended September 30, 2015 - No loss related to Discontinued Operations, Nine Months Ended September 30, 2015 - Loss of $7.7 million related to Discontinued Operations, Three and Nine Months Ended September 30, 2014 - Loss of $1,010.1 million and $1,026.8 million, respectively, related to Discontinued Operations)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.60M	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (Three Months Ended September 30, 2015 - No loss related to Discontinued Operations, Nine Months Ended September 30, 2015 - Loss of $7.7 million related to Discontinued Operations, Three and Nine Months Ended September 30, 2014 - Loss of $1,010.1 million and $1,026.8 million, respectively, related to Discontinued Operations)	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.01B	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-5.88B	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-689.00M	USD	3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$10.60M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-5.94B	USD	3 Qtrs
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	$38.40M	USD	3 Qtrs
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	$25.60M	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	$38.40M	USD	3 Qtrs
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	$12.80M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.98B	USD	3 Qtrs
NET LOSS ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-15.00M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.89B	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-727.40M	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.19	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.14	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.89	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.87	USD	3 Qtrs
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-37.91	USD	3 Qtrs
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-5.62	USD	3 Qtrs
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-36.60	USD	1 Quarter
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.29	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic:	`EarningsPerShareBasic`	$-39.05	USD	3 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic:	`EarningsPerShareBasic`	$-0.10	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic:	`EarningsPerShareBasic`	$-38.49	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic:	`EarningsPerShareBasic`	$-4.75	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.14	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.87	USD	3 Qtrs
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.89	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.19	USD	1 Quarter
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-36.60	USD	1 Quarter
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.29	USD	1 Quarter
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-37.91	USD	3 Qtrs
Discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-5.62	USD	3 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted:	`EarningsPerShareDiluted`	$-4.75	USD	3 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted:	`EarningsPerShareDiluted`	$-38.49	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted:	`EarningsPerShareDiluted`	$-0.10	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted:	`EarningsPerShareDiluted`	$-39.05	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.11M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.09M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.24M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.21M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.21M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.09M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.11M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.24M	shares	1 Quarter
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE	`PreferredStockDividendsPerShareDeclared`	$0.44	USD	1 Quarter
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE	`PreferredStockDividendsPerShareDeclared`	$1.32	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE	`PreferredStockDividendsPerShareDeclared`	$1.32	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE	`PreferredStockDividendsPerShareDeclared`	$0.88	USD	1 Quarter
CASH DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	$0.45	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
CASH DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	-	USD	3 Qtrs
CASH DIVIDENDS DECLARED PER COMMON SHARE	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS)	`ProfitLoss`	$-6.89B	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-690.50M	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$-6.94B	USD	3 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$6.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$35.60M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$99.10M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$430.40M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$70.10M	USD	1 Quarter
Impairment of goodwill and long-lived assets	`AssetImpairmentChargesCashFlows`	$7.77B	USD	3 Qtrs
Impairment of goodwill and long-lived assets	`AssetImpairmentChargesCashFlows`	$76.60M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.08B	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$160.00M	USD	3 Qtrs
Gain on extinguishment of debt	`Gainonextinguishmentofdebtcashflows`	-	USD	3 Qtrs
Gain on extinguishment of debt	`Gainonextinguishmentofdebtcashflows`	$-392.90M	USD	3 Qtrs
Loss on deconsolidation, net of cash deconsolidated	`LossonDeconsolidationnetofcashdeconsolidated`	-	USD	3 Qtrs
Loss on deconsolidation, net of cash deconsolidated	`LossonDeconsolidationnetofcashdeconsolidated`	$-654.80M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$22.60M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-52.70M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-98.90M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-293.10M	USD	3 Qtrs
Product inventories	`IncreaseDecreaseInInventories`	$76.20M	USD	3 Qtrs
Product inventories	`IncreaseDecreaseInInventories`	$129.20M	USD	3 Qtrs
Payables, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-22.50M	USD	3 Qtrs
Payables, accrued expenses and other current liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-236.20M	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.00M	USD	3 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.50M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.90M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$233.20M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-700.00K	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-25.30M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-207.90M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.20M	USD	3 Qtrs
Proceeds from first lien notes offering	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	3 Qtrs
Proceeds from first lien notes offering	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$503.50M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$2.10M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$33.60M	USD	3 Qtrs
Repurchase of debt	`PaymentsforRepurchaseofSeniorNotesDebt`	-	USD	3 Qtrs
Repurchase of debt	`PaymentsforRepurchaseofSeniorNotesDebt`	$225.90M	USD	3 Qtrs
Borrowings under credit facilities	`ProceedsFromLongTermLinesOfCredit`	$309.80M	USD	3 Qtrs
Borrowings under credit facilities	`ProceedsFromLongTermLinesOfCredit`	$918.50M	USD	3 Qtrs
Repayment under credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$705.10M	USD	3 Qtrs
Repayment under credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$309.80M	USD	3 Qtrs
Distributions of partnership equity	`PaymentsOfDistributionsToAffiliates`	$31.70M	USD	3 Qtrs
Distributions of partnership equity	`PaymentsOfDistributionsToAffiliates`	-	USD	3 Qtrs
Repayment of equipment loans	`RepaymentsOfOtherDebt`	$15.70M	USD	3 Qtrs
Repayment of equipment loans	`RepaymentsOfOtherDebt`	$36.90M	USD	3 Qtrs
Common stock dividends	`PaymentsOfDividendsCommonStock`	-	USD	3 Qtrs
Common stock dividends	`PaymentsOfDividendsCommonStock`	$69.50M	USD	3 Qtrs
Preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$38.40M	USD	3 Qtrs
Preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$38.40M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-38.80M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-70.30M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.20M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.40M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.20M	USD	3 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.00M	USD	3 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.70M	USD	3 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-91.50M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$335.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$290.90M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$244.00M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$270.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$271.30M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-5.88B	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-689.00M	USD	3 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$10.60M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-5.94B	USD	3 Qtrs
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-11.60M	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-36.00M	USD	3 Qtrs
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.60M	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-18.20M	USD	3 Qtrs
Unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-5.80M	USD	1 Quarter
Unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-5.60M	USD	3 Qtrs
Unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$100.00K	USD	1 Quarter
Unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.60M	USD	3 Qtrs
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-65.90M	USD	1 Quarter
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.40M	USD	1 Quarter
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$157.10M	USD	3 Qtrs
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.70M	USD	3 Qtrs
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$6.20M	USD	3 Qtrs
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$16.70M	USD	3 Qtrs
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$9.20M	USD	1 Quarter
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-20.60M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$4.50M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$-80.70M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$211.40M	USD	3 Qtrs
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$13.10M	USD	3 Qtrs
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-9.30M	USD	3 Qtrs
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.60M	USD	3 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.96B	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-468.30M	USD	3 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$14.40M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.93B	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.