10-Q Filing

CLEVELAND-CLIFFS INC. CIK: 764065 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000764065-18-000126`
Period End Date	20180630
Filing Date	20180724
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	clf-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 95 Income Statement 112 Cash Flow Statement 59 Comprehensive Income 28

Balance Sheet 95 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$802.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$978.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$270.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$152.60M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$106.70M	USD	Point-in-time
Inventories	`InventoryNet`	$138.40M	USD	Point-in-time
Inventories	`InventoryNet`	$256.40M	USD	Point-in-time
Supplies and other inventories	`Supplies`	$88.80M	USD	Point-in-time
Supplies and other inventories	`Supplies`	$88.60M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$174.70M	USD	Point-in-time
Derivative assets	`DerivativeAssetsCurrent`	$37.90M	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$45.30M	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$118.50M	USD	Point-in-time
Loans to and accounts receivable from the Canadian Entities	`LoanstoandaccountsreceivablesfromtheCanadianEntities`	$51.60M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Loans to and accounts receivable from the Canadian Entities	`LoanstoandaccountsreceivablesfromtheCanadianEntities`	-	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.80M	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	301.89M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.54B	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	301.89M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.55B	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$1.08B	USD	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	297.40M	shares	Point-in-time
Common shares, outstanding	`CommonStockSharesOutstanding`	297.85M	shares	Point-in-time
Common shares in treasury	`TreasuryStockShares`	4.49M	shares	Point-in-time
Common shares in treasury	`TreasuryStockShares`	4.04M	shares	Point-in-time
Deposits for property, plant and equipment	`PrepaidExpenseAndOtherAssets`	$17.80M	USD	Point-in-time
Deposits for property, plant and equipment	`PrepaidExpenseAndOtherAssets`	$85.70M	USD	Point-in-time
Income tax receivable	`DeferredTaxAssetsNetNoncurrent`	$235.30M	USD	Point-in-time
Income tax receivable	`DeferredTaxAssetsNetNoncurrent`	$219.90M	USD	Point-in-time
Non-current assets of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	-	USD	Point-in-time
Non-current assets of discontinued operations	`DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent`	$20.30M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$101.60M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$117.70M	USD	Point-in-time
TOTAL OTHER ASSETS	`TotalOtherAssets`	$423.30M	USD	Point-in-time
TOTAL OTHER ASSETS	`TotalOtherAssets`	$375.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.05B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.95B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$119.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$99.50M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$85.10M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$79.10M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$43.10M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$31.40M	USD	Point-in-time
Contingent claims	`ReserveforunassertedclaimsinCCAA`	$55.60M	USD	Point-in-time
Contingent claims	`ReserveforunassertedclaimsinCCAA`	-	USD	Point-in-time
Partnership distribution payable	`ShortTermNonBankLoansAndNotesPayable`	$44.20M	USD	Point-in-time
Partnership distribution payable	`ShortTermNonBankLoansAndNotesPayable`	$44.20M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$117.30M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$75.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$67.40M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$66.20M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$452.20M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$474.90M	USD	Point-in-time
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$245.00M	USD	Point-in-time
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$257.70M	USD	Point-in-time
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS	`MineReclamationAndClosingLiabilityNoncurrent`	$167.70M	USD	Point-in-time
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS	`MineReclamationAndClosingLiabilityNoncurrent`	$172.30M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$2.30B	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$2.30B	USD	Point-in-time
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$52.20M	USD	Point-in-time
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$10.30M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$163.50M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$158.30M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.36B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.40B	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (REFER TO NOTE 20)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (REFER TO NOTE 20)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2017 - 600,000,000 shares); Issued - 301,886,794 shares (2017 - 301,886,794 shares); Outstanding - 297,846,632 shares (2017 - 297,400,968 shares)	`CommonStockValueOutstanding`	$37.70M	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2017 - 600,000,000 shares); Issued - 301,886,794 shares (2017 - 301,886,794 shares); Outstanding - 297,846,632 shares (2017 - 297,400,968 shares)	`CommonStockValueOutstanding`	$37.70M	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$3.93B	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$3.92B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-4.09B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-4.21B	USD	Point-in-time
Cost of 4,040,162 common shares in treasury (2017 - 4,485,826 shares)	`TreasuryStockValue`	$169.60M	USD	Point-in-time
Cost of 4,040,162 common shares in treasury (2017 - 4,485,826 shares)	`TreasuryStockValue`	$147.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-39.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-22.20M	USD	Point-in-time
TOTAL CLIFFS SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-306.30M	USD	Point-in-time
TOTAL CLIFFS SHAREHOLDERS' DEFICIT	`StockholdersEquity`	$-444.30M	USD	Point-in-time
NONCONTROLLING INTEREST	`MinorityInterest`	-	USD	Point-in-time
NONCONTROLLING INTEREST	`MinorityInterest`	$200.00K	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-1.33B	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-306.30M	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-666.70M	USD	Point-in-time
TOTAL DEFICIT	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-444.10M	USD	Point-in-time
TOTAL LIABILITIES AND DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.05B	USD	Point-in-time
TOTAL LIABILITIES AND DEFICIT	`LiabilitiesAndStockholdersEquity`	$2.95B	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$672.00M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$417.00M	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$664.30M	USD	2 Qtrs
Product	`SalesRevenueGoodsNet`	$841.20M	USD	2 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$53.10M	USD	2 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$93.20M	USD	2 Qtrs
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$54.30M	USD	1 Quarter
Freight and venture partners' cost reimbursements	`ReimbursementRevenue`	$42.30M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$894.30M	USD	2 Qtrs
TOTAL REVENUES	`Revenues`	$714.30M	USD	1 Quarter
TOTAL REVENUES	`Revenues`	$757.50M	USD	2 Qtrs
TOTAL REVENUES	`Revenues`	$471.30M	USD	1 Quarter
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$326.60M	USD	1 Quarter
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$548.30M	USD	2 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$563.80M	USD	2 Qtrs
COST OF GOODS SOLD AND OPERATING EXPENSES	`CostOfGoodsAndServicesSold`	$429.80M	USD	1 Quarter
SALES MARGIN	`GrossProfit`	$346.00M	USD	2 Qtrs
SALES MARGIN	`GrossProfit`	$193.70M	USD	2 Qtrs
SALES MARGIN	`GrossProfit`	$144.70M	USD	1 Quarter
SALES MARGIN	`GrossProfit`	$284.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.30M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.20M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$51.70M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.60M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-4.10M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-10.20M	USD	2 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$6.60M	USD	2 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-2.90M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$29.50M	USD	1 Quarter
Other operating expense	`OperatingExpenses`	$45.10M	USD	2 Qtrs
Other operating expense	`OperatingExpenses`	$61.50M	USD	2 Qtrs
Other operating expense	`OperatingExpenses`	$30.30M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$254.20M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$148.60M	USD	2 Qtrs
OPERATING INCOME	`OperatingIncomeLoss`	$115.20M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$284.50M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-31.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-63.60M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-30.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-71.50M	USD	2 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-4.90M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-76.80M	USD	2 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$200.00K	USD	2 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$200.00K	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncomeExpense`	$8.80M	USD	2 Qtrs
Other non-operating income	`OtherNonoperatingIncomeExpense`	$5.00M	USD	2 Qtrs
Other non-operating income	`OtherNonoperatingIncomeExpense`	$4.40M	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncomeExpense`	$2.50M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-32.50M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-54.60M	USD	2 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-26.60M	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-143.30M	USD	2 Qtrs
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$229.90M	USD	2 Qtrs
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.30M	USD	2 Qtrs
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$227.60M	USD	1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$82.70M	USD	1 Quarter
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$-1.80M	USD	1 Quarter
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$13.90M	USD	2 Qtrs
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX BENEFIT (EXPENSE)	`IncomeTaxExpenseBenefit`	$-1.10M	USD	1 Quarter
INCOME FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$216.00M	USD	2 Qtrs
INCOME FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$83.80M	USD	1 Quarter
INCOME FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$5.30M	USD	2 Qtrs
INCOME FROM CONTINUING OPERATIONS	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$229.40M	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-53.70M	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-64.30M	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-135.20M	USD	2 Qtrs
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-5.00M	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$165.10M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$300.00K	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$30.10M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$80.80M	USD	2 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$-3.40M	USD	2 Qtrs
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.70M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$31.80M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$80.80M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$3.70M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$165.10M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.77	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.73	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.03	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.28	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.22	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.18	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.46	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.27	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.03	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.28	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.72	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.76	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.45	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.18	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.02	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	$-0.21	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.27	USD	2 Qtrs
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	297.62M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	296.10M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	280.62M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	297.44M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	285.25M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	300.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	301.14M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	301.27M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`ProfitLoss`	$165.10M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$300.00K	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$30.10M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$80.80M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$49.40M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$44.80M	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-4.90M	USD	1 Quarter
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-76.80M	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$200.00K	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$200.00K	USD	1 Quarter
Loss on deconsolidation	`LossonDeconsolidationnetofcashdeconsolidated`	$48.60M	USD	2 Qtrs
Loss on deconsolidation	`LossonDeconsolidationnetofcashdeconsolidated`	-	USD	2 Qtrs
Gain on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$123.50M	USD	2 Qtrs
Gain on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$19.10M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-12.60M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-10.80M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-61.80M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-68.30M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$125.60M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$106.60M	USD	2 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-56.10M	USD	2 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.60M	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.30M	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$67.80M	USD	2 Qtrs
Purchase of property, plant and equipment	`PropertyPlantandEquipmentCashAdditions`	$-44.30M	USD	2 Qtrs
Purchase of property, plant and equipment	`PropertyPlantandEquipmentCashAdditions`	$-42.10M	USD	2 Qtrs
Deposits for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.10M	USD	2 Qtrs
Deposits for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$72.30M	USD	2 Qtrs
Proceeds on sales of assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.10M	USD	2 Qtrs
Proceeds on sales of assets	`PaymentsForProceedsFromOtherInvestingActivities`	$-14.60M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-99.80M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-48.30M	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$500.00M	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$8.50M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$1.50M	USD	2 Qtrs
Net proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$661.30M	USD	2 Qtrs
Repurchase of debt	`PaymentsforRepurchaseofSeniorNotesDebt`	$15.30M	USD	2 Qtrs
Repurchase of debt	`PaymentsforRepurchaseofSeniorNotesDebt`	$1.15B	USD	2 Qtrs
Distributions of partnership equity	`PaymentsOfDistributionsToAffiliates`	$8.70M	USD	2 Qtrs
Distributions of partnership equity	`PaymentsOfDistributionsToAffiliates`	-	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-13.90M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.90M	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-25.70M	USD	2 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.80M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.00M	USD	2 Qtrs
EFFECT OF EXCHANGE RATE CHANGES ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.40M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS	`IncreaseDecreaseinCashandCashEquivalentsIncludingCashClassifiedWithinCurrentAssetsofDiscontinuedOperations`	$-1.90M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS	`IncreaseDecreaseinCashandCashEquivalentsIncludingCashClassifiedWithinCurrentAssetsofDiscontinuedOperations`	$-175.80M	USD	2 Qtrs
LESS: INCREASE IN CASH AND CASH EQUIVALENTS CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS	`IncreaseDecreaseinCashandCashEquivalentsinCashClassifiedwithinCurrentAssetsofDiscontinuedOperations`	$-40.50M	USD	2 Qtrs
LESS: INCREASE IN CASH AND CASH EQUIVALENTS CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS	`IncreaseDecreaseinCashandCashEquivalentsinCashClassifiedwithinCurrentAssetsofDiscontinuedOperations`	-	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-42.40M	USD	2 Qtrs
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-175.80M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$312.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$978.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$802.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$978.30M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$270.40M	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$31.80M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$80.80M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$3.70M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`NetIncomeLoss`	$165.10M	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-11.40M	USD	2 Qtrs
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.70M	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.70M	USD	1 Quarter
Changes in pension and other post-retirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-13.40M	USD	2 Qtrs
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.10M	USD	2 Qtrs
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.20M	USD	1 Quarter
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.40M	USD	1 Quarter
Unrealized net gain (loss) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.90M	USD	2 Qtrs
Unrealized net gain on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized net gain on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$500.00K	USD	2 Qtrs
Unrealized net gain on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$200.00K	USD	1 Quarter
Unrealized net gain on derivative financial instruments, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$5.30M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$16.80M	USD	2 Qtrs
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.70M	USD	2 Qtrs
OTHER COMPREHENSIVE INCOME (LOSS)	`OtherComprehensiveIncomeLossNetOfTax`	$9.10M	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$-4.60M	USD	2 Qtrs
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
OTHER COMPREHENSIVE LOSS (INCOME) ATTRIBUTABLE TO THE NONCONTROLLING INTEREST	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$5.60M	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$36.70M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$97.60M	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS	`ComprehensiveIncomeNetOfTax`	$174.20M	USD	1 Quarter

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