10-Q Filing

CLEVELAND-CLIFFS INC. CIK: 764065 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000764065-20-000189`
Period End Date	20200331
Filing Date	20200511
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	clf-202033110xq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 52 Cash Flow Statement 56 Stockholders Equity 24 Comprehensive Income 16

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	428.65M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	301.89M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$352.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$823.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$430.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$94.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$560.80M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	270.08M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	398.59M	shares	Point-in-time
Inventories	`InventoryNet`	$317.40M	USD	Point-in-time
Inventories	`InventoryNet`	$2.15B	USD	Point-in-time
Common shares in treasury (in shares)	`TreasuryStockShares`	31.80M	shares	Point-in-time
Common shares in treasury (in shares)	`TreasuryStockShares`	30.06M	shares	Point-in-time
Income tax receivable, current	`IncomeTaxesReceivable`	$58.60M	USD	Point-in-time
Income tax receivable, current	`IncomeTaxesReceivable`	$61.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$107.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$75.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.07B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$897.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.93B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.55B	USD	Point-in-time
Goodwill	`Goodwill`	$2.10M	USD	Point-in-time
Goodwill	`Goodwill`	$143.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$210.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$48.10M	USD	Point-in-time
Income tax receivable, non-current	`IncomeTaxesReceivableNoncurrent`	$4.10M	USD	Point-in-time
Income tax receivable, non-current	`IncomeTaxesReceivableNoncurrent`	$62.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$486.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$459.50M	USD	Point-in-time
Right-of-use asset, operating lease	`OperatingLeaseRightOfUseAsset`	$238.00M	USD	Point-in-time
Right-of-use asset, operating lease	`OperatingLeaseRightOfUseAsset`	$11.70M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$215.10M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$92.80M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.91B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$825.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$126.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$299.80M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$89.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$245.70M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.37B	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$409.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.11B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.36B	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$201.20M	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$10.50M	USD	Point-in-time
Intangible liability, net	`IntangibleLiabilityNet`	$137.90M	USD	Point-in-time
Intangible liability, net	`IntangibleLiabilityNet`	-	USD	Point-in-time
Pension and OPEB liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$311.50M	USD	Point-in-time
Pension and OPEB liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.17B	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$179.20M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$163.20M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$137.50M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$263.50M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.15B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.68B	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
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2019 - 600,000,000 shares); Issued - 428,645,866 shares (2019 - 301,886,794 shares); Outstanding - 398,587,083 shares (2019 - 270,084,005 shares)	`CommonStockValueOutstanding`	$37.70M	USD	Point-in-time
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2019 - 600,000,000 shares); Issued - 428,645,866 shares (2019 - 301,886,794 shares); Outstanding - 398,587,083 shares (2019 - 270,084,005 shares)	`CommonStockValueOutstanding`	$53.60M	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$4.45B	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$3.87B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-2.84B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-2.92B	USD	Point-in-time
Cost of 30,058,783 common shares in treasury (2019 - 31,802,789 shares)	`TreasuryStockValue`	$365.00M	USD	Point-in-time
Cost of 30,058,783 common shares in treasury (2019 - 31,802,789 shares)	`TreasuryStockValue`	$390.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-275.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-317.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-318.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-283.90M	USD	Point-in-time
Total Cliffs shareholders' equity	`StockholdersEquity`	$903.20M	USD	Point-in-time
Total Cliffs shareholders' equity	`StockholdersEquity`	$357.90M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$327.80M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.90M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$424.20M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.70M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$8.91B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.50B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenuesExcludingDeferredRevenueRevenueRecognized`	$157.00M	USD	1 Quarter
Revenues	`RevenuesExcludingDeferredRevenueRevenueRecognized`	$324.50M	USD	1 Quarter
Realization of deferred revenue	`DeferredRevenueRevenueRecognized1`	$34.60M	USD	1 Quarter
Realization of deferred revenue	`DeferredRevenueRevenueRecognized1`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$356.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$126.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$27.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$26.10M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$42.50M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-13.30M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-4.40M	USD	1 Quarter
Total operating costs	`CostsAndExpenses`	$157.80M	USD	1 Quarter
Total operating costs	`CostsAndExpenses`	$437.90M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-800.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-78.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-31.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-25.10M	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncomeExpense`	$100.00K	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncomeExpense`	$9.20M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-21.80M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-25.00M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-100.60M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.80M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-3.70M	USD	1 Quarter
Income tax benefit	`IncomeTaxExpenseBenefit`	$-51.40M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-22.10M	USD	1 Quarter
Loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-49.20M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$600.00K	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Net loss	`ProfitLoss`	$-22.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.60M	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.50M	USD	1 Quarter
Net loss attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-22.10M	USD	1 Quarter
Net loss attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-52.10M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.08	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.18	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Earnings (Loss) per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Earnings (Loss) per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.08	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.18	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Earnings (Loss) per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Earnings (Loss) per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	297.51M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	289.52M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	297.51M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	289.52M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-22.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.60M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$19.90M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$34.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-47.50M	USD	1 Quarter
Loss (gain) on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-32.00M	USD	1 Quarter
Loss (gain) on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$5.70M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$31.60M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-13.90M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-204.00M	USD	1 Quarter
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-254.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$228.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$244.10M	USD	1 Quarter
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-88.20M	USD	1 Quarter
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-109.20M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-111.20M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-160.50M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$138.10M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$134.10M	USD	1 Quarter
Acquisition of AK Steel, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisition of AK Steel, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$869.30M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.50M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$100.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.60M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01B	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$124.30M	USD	1 Quarter
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$16.90M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$14.80M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$716.20M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$44.40M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Repurchase of debt	`RepaymentsOfLongTermDebt`	$429.90M	USD	1 Quarter
Repurchase of debt	`RepaymentsOfLongTermDebt`	$10.30M	USD	1 Quarter
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$800.00M	USD	1 Quarter
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.40M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-19.90M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.01B	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-157.80M	USD	1 Quarter
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations	`IncreaseDecreaseinCashandCashEquivalentsIncludingCashClassifiedWithinOtherCurrentAssetsRelatedtoDiscontinuedOperations`	$-394.60M	USD	1 Quarter
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations	`IncreaseDecreaseinCashandCashEquivalentsIncludingCashClassifiedWithinOtherCurrentAssetsRelatedtoDiscontinuedOperations`	$-162.90M	USD	1 Quarter
Less: increase (decrease) in cash and cash equivalents from discontinued operations, classified within other current assets	`NetCashProvidedByUsedInDiscontinuedOperations`	$-1.60M	USD	1 Quarter
Less: increase (decrease) in cash and cash equivalents from discontinued operations, classified within other current assets	`NetCashProvidedByUsedInDiscontinuedOperations`	$2.80M	USD	1 Quarter
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-165.70M	USD	1 Quarter
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-393.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$352.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$823.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$186.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$430.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$352.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$823.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$186.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$430.20M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	270.08M	shares	Point-in-time
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	398.59M	shares	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.90M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$424.20M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.70M	USD	Point-in-time
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-46.90M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.70M	USD	1 Quarter
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.10M	USD	1 Quarter
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-10.00M	USD	1 Quarter
Stock Issued During Period, Value, Acquisitions	`StockIssuedDuringPeriodValueAcquisitions`	$947.40M	USD	1 Quarter
Stock Repurchased During Period, Shares	`StockRepurchasedDuringPeriodShares`	11.50M	shares	1 Quarter
Common Share Repurchases, Value	`StockRepurchasedDuringPeriodValue`	$124.30M	USD	1 Quarter
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.50M	USD	1 Quarter
Dividends, Common Stock	`DividendsCommonStock`	$24.00M	USD	1 Quarter
Dividends, Common Stock	`DividendsCommonStock`	$14.50M	USD	1 Quarter
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	270.08M	shares	Point-in-time
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	398.59M	shares	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.90M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$424.20M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.70M	USD	Point-in-time
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-22.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-48.60M	USD	1 Quarter
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.60M	USD	1 Quarter
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.70M	USD	1 Quarter
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$2.70M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-3.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$1.70M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$8.40M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-46.90M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.70M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.50M	USD	1 Quarter
Comprehensive loss attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$-13.70M	USD	1 Quarter
Comprehensive loss attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$-50.40M	USD	1 Quarter

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