10-Q Filing

CLEVELAND-CLIFFS INC. CIK: 764065 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000764065-16-000264`
Period End Date	20160630
Filing Date	20160728
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	clf-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 128 Cash Flow Statement 63 Comprehensive Income 32

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$276.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$108.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$285.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$40.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$61.50M	USD	Point-in-time
Inventories	`InventoryNet`	$391.20M	USD	Point-in-time
Inventories	`InventoryNet`	$329.60M	USD	Point-in-time
Supplies and other inventories	`Supplies`	$110.40M	USD	Point-in-time
Supplies and other inventories	`Supplies`	$102.00M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Short-term assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Short-term assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$14.90M	USD	Point-in-time
Loans to and accounts receivable from the Canadian Entities	`LoanstoandaccountsreceivablesfromtheCanadianEntities`	$70.20M	USD	Point-in-time
Loans to and accounts receivable from the Canadian Entities	`LoanstoandaccountsreceivablesfromtheCanadianEntities`	$72.90M	USD	Point-in-time
Insurance coverage receivable	`InsuranceSettlementsReceivableCurrent`	$93.50M	USD	Point-in-time
Insurance coverage receivable	`InsuranceSettlementsReceivableCurrent`	$800.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$36.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$45.30M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$982.70M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$779.20M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$993.10M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$1.06B	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
Common shares, issued (in shares)	`CommonStockSharesIssued`	159.55M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$93.80M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$78.70M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	189.62M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	183.86M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	153.59M	shares	Point-in-time
TOTAL OTHER ASSETS	`TotalOtherAssets`	$93.80M	USD	Point-in-time
TOTAL OTHER ASSETS	`TotalOtherAssets`	$78.70M	USD	Point-in-time
Common shares in treasury	`TreasuryStockShares`	5.76M	shares	Point-in-time
Common shares in treasury	`TreasuryStockShares`	5.95M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$2.14B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.85B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$91.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$106.30M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$156.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$141.10M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.90M	USD	Point-in-time
Short-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.40M	USD	Point-in-time
Guarantees	`GuaranteesFairValueDisclosure`	$200.00K	USD	Point-in-time
Guarantees	`GuaranteesFairValueDisclosure`	$96.50M	USD	Point-in-time
Insured loss	`LossContingencyAccrualCarryingValueNoncurrent`	$800.00K	USD	Point-in-time
Insured loss	`LossContingencyAccrualCarryingValueNoncurrent`	$93.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$122.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$137.70M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$376.10M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$581.70M	USD	Point-in-time
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$221.00M	USD	Point-in-time
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$206.40M	USD	Point-in-time
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS	`MineReclamationAndClosingLiabilityNoncurrent`	$231.20M	USD	Point-in-time
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS	`MineReclamationAndClosingLiabilityNoncurrent`	$217.40M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$2.70B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$2.49B	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$213.80M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$240.30M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.53B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.95B	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 - no shares (2015 - 731,223 shares), Class B - 4,000,000 shares authorized	`PreferredStockValueOutstanding`	-	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 - no shares (2015 - 731,223 shares), Class B - 4,000,000 shares authorized	`PreferredStockValueOutstanding`	$731.30M	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2015 - 400,000,000 shares); Issued - 189,622,349 shares (2015 - 159,546,224 shares); Outstanding - 183,864,626 shares (2015 - 153,591,930 shares)	`CommonStockValueOutstanding`	$19.80M	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2015 - 400,000,000 shares); Issued - 189,622,349 shares (2015 - 159,546,224 shares); Outstanding - 183,864,626 shares (2015 - 153,591,930 shares)	`CommonStockValueOutstanding`	$23.70M	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$3.04B	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$2.30B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-4.75B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-4.63B	USD	Point-in-time
Cost of 5,757,723 common shares in treasury (2015 - 5,954,294 shares)	`TreasuryStockValue`	$255.50M	USD	Point-in-time
Cost of 5,757,723 common shares in treasury (2015 - 5,954,294 shares)	`TreasuryStockValue`	$265.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.00M	USD	Point-in-time
TOTAL CLIFFS SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-1.83B	USD	Point-in-time
TOTAL CLIFFS SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-1.98B	USD	Point-in-time
NONCONTROLLING INTEREST	`MinorityInterest`	$151.80M	USD	Point-in-time
NONCONTROLLING INTEREST	`MinorityInterest`	$169.80M	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.68B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.74B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.81B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.73B	USD	Point-in-time
TOTAL LIABILITIES AND DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.85B	USD	Point-in-time
TOTAL LIABILITIES AND DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.14B	USD	Point-in-time

Income Statement 128 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$452.80M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$857.40M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$728.40M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$454.30M	USD	1 Quarter
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$43.80M	USD	1 Quarter
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$86.70M	USD	2 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$73.30M	USD	2 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$43.40M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$496.20M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$801.70M	USD	2 Qtrs
TOTAL REVENUES	`Revenues`	$498.10M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$944.10M	USD	2 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$679.30M	USD	2 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$440.80M	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	$7.70M	USD	2 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$404.70M	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$806.00M	USD	2 Qtrs
SALES MARGIN	`GrossProfit`	$57.30M	USD	1 Quarter
SALES MARGIN	`GrossProfit`	$91.50M	USD	1 Quarter
SALES MARGIN	`GrossProfit`	$122.40M	USD	2 Qtrs
SALES MARGIN	`GrossProfit`	$138.10M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$59.80M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$30.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.70M	USD	2 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-800.00K	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$5.70M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$2.70M	USD	2 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$19.30M	USD	2 Qtrs
Other operating expense	`OperatingExpenses`	$48.00M	USD	2 Qtrs
Other operating expense	`OperatingExpenses`	$31.60M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$16.80M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$40.50M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$25.70M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$97.60M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$74.70M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$74.40M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-106.50M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-50.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-63.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-107.50M	USD	2 Qtrs
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	$313.70M	USD	2 Qtrs
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	$3.60M	USD	1 Quarter
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	$182.40M	USD	2 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$-2.90M	USD	2 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$-2.10M	USD	1 Quarter
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$300.00K	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-65.70M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$204.30M	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-46.90M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$75.20M	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$301.90M	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-40.00M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.80M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$149.60M	USD	2 Qtrs
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$173.30M	USD	2 Qtrs
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$-2.10M	USD	1 Quarter
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$-1.80M	USD	1 Quarter
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$5.40M	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$144.20M	USD	2 Qtrs
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$29.90M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-38.20M	USD	1 Quarter
INCOME (LOSS) FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$128.60M	USD	2 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-825.10M	USD	2 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$103.40M	USD	1 Quarter
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$2.10M	USD	2 Qtrs
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-400.00K	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$29.50M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$146.30M	USD	2 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$65.20M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-696.50M	USD	2 Qtrs
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.50M	USD	2 Qtrs
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.10M	USD	2 Qtrs
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$16.70M	USD	1 Quarter
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$5.00M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$120.80M	USD	2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$60.20M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$12.80M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-699.60M	USD	2 Qtrs
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	-	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	-	USD	1 Quarter
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	-	USD	2 Qtrs
PREFERRED STOCK DIVIDENDS	`DividendsPreferredStock`	$12.80M	USD	2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$12.80M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-712.40M	USD	2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$60.20M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$120.80M	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.28	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.67	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.07	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.74	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$0.67	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-5.39	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.68	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$-4.65	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.70	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.67	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.28	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.07	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$0.67	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-4.62	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.68	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-3.92	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	177.00M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	182.33M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.23M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	153.20M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	153.23M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	178.31M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	178.69M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	184.56M	shares	1 Quarter
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE (in dollars per share)	`PreferredStockDividendsPerShareDeclared`	$0.44	USD	2 Qtrs
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE (in dollars per share)	`PreferredStockDividendsPerShareDeclared`	-	USD	2 Qtrs
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE (in dollars per share)	`PreferredStockDividendsPerShareDeclared`	-	USD	1 Quarter
CASH DIVIDENDS DECLARED PER DEPOSITARY SHARE (in dollars per share)	`PreferredStockDividendsPerShareDeclared`	-	USD	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS)	`ProfitLoss`	$29.50M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$146.30M	USD	2 Qtrs
NET INCOME (LOSS)	`ProfitLoss`	$65.20M	USD	1 Quarter
NET INCOME (LOSS)	`ProfitLoss`	$-696.50M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$63.50M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$30.50M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$62.10M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$26.90M	USD	1 Quarter
Impairment of other long-lived assets	`AssetImpairmentCharges`	$76.60M	USD	2 Qtrs
Impairment of other long-lived assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$162.60M	USD	2 Qtrs
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	$313.70M	USD	2 Qtrs
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	$3.60M	USD	1 Quarter
Gain on extinguishment/restructuring of debt	`GainsLossesOnExtinguishmentOfDebt`	$182.40M	USD	2 Qtrs
(Gain) loss on deconsolidation, net of cash deconsolidated	`LossonDeconsolidationnetofcashdeconsolidated`	$-641.40M	USD	2 Qtrs
(Gain) loss on deconsolidation, net of cash deconsolidated	`LossonDeconsolidationnetofcashdeconsolidated`	$4.10M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-54.30M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-5.20M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-136.60M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-103.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$52.20M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$217.40M	USD	2 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-155.60M	USD	2 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-97.80M	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-248.20M	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.30M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.40M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$20.20M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-400.00K	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.90M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.30M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-34.00M	USD	2 Qtrs
Repayment of equipment loans	`RepaymentsOfOtherDebt`	$95.60M	USD	2 Qtrs
Repayment of equipment loans	`RepaymentsOfOtherDebt`	$1.90M	USD	2 Qtrs
Distributions of partnership equity	`PaymentsOfDistributionsToAffiliates`	$17.10M	USD	2 Qtrs
Distributions of partnership equity	`PaymentsOfDistributionsToAffiliates`	$28.10M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$5.20M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$33.60M	USD	2 Qtrs
Proceeds from first lien notes offering	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Proceeds from first lien notes offering	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$503.50M	USD	2 Qtrs
Repurchase of debt	`PaymentsforRepurchaseofSeniorNotesDebt`	-	USD	2 Qtrs
Repurchase of debt	`PaymentsforRepurchaseofSeniorNotesDebt`	$133.30M	USD	2 Qtrs
Borrowings under credit facilities	`ProceedsFromLongTermLinesOfCredit`	$309.80M	USD	2 Qtrs
Borrowings under credit facilities	`ProceedsFromLongTermLinesOfCredit`	$105.00M	USD	2 Qtrs
Repayment under credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$105.00M	USD	2 Qtrs
Repayment under credit facilities	`RepaymentsOfLongTermLinesOfCredit`	$309.80M	USD	2 Qtrs
Preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Preferred stock dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$25.60M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-13.60M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-23.60M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$268.40M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-142.50M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-900.00K	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-900.00K	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-177.00M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.70M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$285.20M	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`	$276.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$108.20M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$285.20M	USD	Point-in-time

Comprehensive Income 32 line items

Line Item	Tag	Value	Unit	Period
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$120.80M	USD	2 Qtrs
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$60.20M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$12.80M	USD	1 Quarter
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$-699.60M	USD	2 Qtrs
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.50M	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-600.00K	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-11.90M	USD	2 Qtrs
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-29.40M	USD	2 Qtrs
Unrealized net gain on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Unrealized net gain on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	1 Quarter
Unrealized net gain on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	-	USD	2 Qtrs
Unrealized net gain on marketable securities, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.50M	USD	2 Qtrs
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$500.00K	USD	1 Quarter
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.70M	USD	1 Quarter
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.70M	USD	2 Qtrs
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$168.50M	USD	2 Qtrs
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$7.50M	USD	2 Qtrs
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-3.30M	USD	2 Qtrs
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$200.00K	USD	1 Quarter
Unrealized net gain (loss) on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$8.30M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME	`OtherComprehensiveIncomeLossNetOfTax`	$10.30M	USD	2 Qtrs
OTHER COMPREHENSIVE INCOME	`OtherComprehensiveIncomeLossNetOfTax`	$4.00M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME	`OtherComprehensiveIncomeLossNetOfTax`	$206.90M	USD	2 Qtrs
OTHER COMPREHENSIVE INCOME	`OtherComprehensiveIncomeLossNetOfTax`	$10.10M	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$800.00K	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-10.00M	USD	2 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`	$1.30M	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$-482.70M	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$69.50M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$16.10M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$129.80M	USD	2 Qtrs

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