10-Q Filing

CLEVELAND-CLIFFS INC. CIK: 764065 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0000764065-20-000212`
Period End Date	20200630
Filing Date	20200730
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	clf-202063010xq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 108 Cash Flow Statement 66 Stockholders Equity 39 Comprehensive Income 34

Balance Sheet 88 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`	301.89M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	428.65M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$352.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$73.70M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$482.20M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$94.00M	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	399.16M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	270.08M	shares	Point-in-time
Common shares in treasury (in shares)	`TreasuryStockShares`	31.80M	shares	Point-in-time
Inventories	`InventoryNet`	$1.93B	USD	Point-in-time
Inventories	`InventoryNet`	$317.40M	USD	Point-in-time
Common shares in treasury (in shares)	`TreasuryStockShares`	29.49M	shares	Point-in-time
Income tax receivable, current	`IncomeTaxesReceivable`	$58.60M	USD	Point-in-time
Income tax receivable, current	`IncomeTaxesReceivable`	$62.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$75.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$90.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.64B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$897.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.55B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$1.93B	USD	Point-in-time
Goodwill	`Goodwill`	$2.10M	USD	Point-in-time
Goodwill	`Goodwill`	$139.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$192.60M	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`	$459.50M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$506.50M	USD	Point-in-time
Right-of-use asset, operating lease	`OperatingLeaseRightOfUseAsset`	$11.70M	USD	Point-in-time
Right-of-use asset, operating lease	`OperatingLeaseRightOfUseAsset`	$213.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$92.80M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$245.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.50B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.49B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$193.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$504.80M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$126.30M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$288.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$244.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$89.90M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$1.04B	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`	$4.45B	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$10.50M	USD	Point-in-time
Operating lease liability, non-current	`OperatingLeaseLiabilityNoncurrent`	$191.50M	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilityNet`	-	USD	Point-in-time
Intangible liabilities, net	`IntangibleLiabilityNet`	$72.30M	USD	Point-in-time
Pension and OPEB liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$311.50M	USD	Point-in-time
Pension and OPEB liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.16B	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$181.10M	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`	$278.40M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.15B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.37B	USD	Point-in-time
Commitments and contingencies (See Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 18)	`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 - 399,159,988 shares (2019 - 270,084,005 shares)	`CommonStockValueOutstanding`	$53.60M	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 - 399,159,988 shares (2019 - 270,084,005 shares)	`CommonStockValueOutstanding`	$37.70M	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$3.87B	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$4.44B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-3.04B	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-2.84B	USD	Point-in-time
Cost of 29,485,878 common shares in treasury (2019 - 31,802,789 shares)	`TreasuryStockValue`	$390.70M	USD	Point-in-time
Cost of 29,485,878 common shares in treasury (2019 - 31,802,789 shares)	`TreasuryStockValue`	$355.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-283.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-318.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-275.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-305.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-317.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-271.80M	USD	Point-in-time
Total Cliffs shareholders' equity	`StockholdersEquity`	$357.90M	USD	Point-in-time
Total Cliffs shareholders' equity	`StockholdersEquity`	$792.90M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$325.30M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$261.70M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$424.20M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.90M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$285.60M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.12B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$8.49B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.50B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenuesExcludingDeferredRevenueRevenueRecognized`	$1.42B	USD	2 Qtrs
Revenues	`RevenuesExcludingDeferredRevenueRevenueRecognized`	$900.20M	USD	2 Qtrs
Revenues	`RevenuesExcludingDeferredRevenueRevenueRecognized`	$1.09B	USD	1 Quarter
Revenues	`RevenuesExcludingDeferredRevenueRevenueRecognized`	$743.20M	USD	1 Quarter
Realization of deferred revenue	`DeferredRevenueRevenueRecognized1`	$34.60M	USD	2 Qtrs
Realization of deferred revenue	`DeferredRevenueRevenueRecognized1`	-	USD	1 Quarter
Realization of deferred revenue	`DeferredRevenueRevenueRecognized1`	-	USD	1 Quarter
Realization of deferred revenue	`DeferredRevenueRevenueRecognized1`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.56B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$606.30M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$480.20M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.21B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$89.60M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$56.70M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$29.40M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$62.10M	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$60.90M	USD	2 Qtrs
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	2 Qtrs
Acquisition-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$18.40M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-25.00M	USD	2 Qtrs
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-13.10M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-6.80M	USD	1 Quarter
Miscellaneous - net	`OtherOperatingIncomeExpenseNet`	$-11.20M	USD	2 Qtrs
Total operating costs	`CostsAndExpenses`	$674.20M	USD	2 Qtrs
Total operating costs	`CostsAndExpenses`	$1.74B	USD	2 Qtrs
Total operating costs	`CostsAndExpenses`	$516.40M	USD	1 Quarter
Total operating costs	`CostsAndExpenses`	$1.30B	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-287.20M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$226.00M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-208.40M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$226.80M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-51.20M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-68.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-99.70M	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-26.10M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$129.40M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-17.90M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-18.20M	USD	2 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$132.60M	USD	2 Qtrs
Other non-operating income	`OtherNonoperatingIncomeExpense`	$21.20M	USD	2 Qtrs
Other non-operating income	`OtherNonoperatingIncomeExpense`	$15.20M	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncomeExpense`	$600.00K	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncomeExpense`	$1.00M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$54.10M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$-68.40M	USD	2 Qtrs
Total other income (expense)	`NonoperatingIncomeExpense`	$75.90M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-43.40M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$183.40M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-132.50M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$157.60M	USD	2 Qtrs
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-233.10M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-24.70M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$22.00M	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-76.10M	USD	2 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$18.30M	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-107.80M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-157.00M	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$139.30M	USD	2 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$161.40M	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-600.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-300.00K	USD	1 Quarter
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-600.00K	USD	2 Qtrs
Income (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$300.00K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$138.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$160.80M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-156.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-108.10M	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.30M	USD	2 Qtrs
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.80M	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net income (loss) attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-176.00M	USD	2 Qtrs
Net income (loss) attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$138.70M	USD	2 Qtrs
Net income (loss) attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-123.90M	USD	1 Quarter
Net income (loss) attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$160.80M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.51	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.49	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.31	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.59	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	2 Qtrs
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`	$0.49	USD	2 Qtrs
Earnings (Loss) per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.51	USD	2 Qtrs
Earnings (Loss) per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Earnings (Loss) per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.47	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.51	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.31	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.57	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
Earnings (Loss) per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.47	USD	2 Qtrs
Earnings (Loss) per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Earnings (Loss) per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.51	USD	2 Qtrs
Earnings (Loss) per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	275.77M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	282.65M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	399.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	348.30M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	293.58M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	348.30M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	399.09M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	285.48M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$138.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$160.80M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-156.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-108.10M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$111.50M	USD	2 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$40.90M	USD	2 Qtrs
Amortization of inventory step-up	`AmortizationofInventoryStepup`	-	USD	2 Qtrs
Amortization of inventory step-up	`AmortizationofInventoryStepup`	$59.40M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-72.50M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$18.20M	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$129.40M	USD	1 Quarter
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-17.90M	USD	1 Quarter
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-18.20M	USD	2 Qtrs
Loss (gain) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$132.60M	USD	2 Qtrs
Loss (gain) on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$-8.00M	USD	2 Qtrs
Loss (gain) on derivatives	`UnrealizedGainLossOnDerivativesAndCommodityContracts`	$27.20M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-28.40M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$28.00M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-145.40M	USD	2 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-365.70M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$126.10M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$148.70M	USD	2 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-62.80M	USD	2 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-327.90M	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$151.10M	USD	2 Qtrs
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-299.20M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$282.90M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$300.90M	USD	2 Qtrs
Acquisition of AK Steel, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$869.30M	USD	2 Qtrs
Acquisition of AK Steel, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.50M	USD	2 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$200.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-292.40M	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.15B	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$252.90M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.76B	USD	2 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$720.90M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$57.90M	USD	2 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$6.80M	USD	2 Qtrs
Repurchase of debt	`RepaymentsOfLongTermDebt`	$999.50M	USD	2 Qtrs
Repurchase of debt	`RepaymentsOfLongTermDebt`	$729.30M	USD	2 Qtrs
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$800.00M	USD	2 Qtrs
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$250.00M	USD	2 Qtrs
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$28.90M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$40.80M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-43.60M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-10.90M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-307.90M	USD	2 Qtrs
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.17B	USD	2 Qtrs
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-280.50M	USD	2 Qtrs
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-449.20M	USD	2 Qtrs
Less: decrease in cash and cash equivalents from discontinued operations, classified within other current assets	`NetCashProvidedByUsedInDiscontinuedOperations`	$-1.60M	USD	2 Qtrs
Less: decrease in cash and cash equivalents from discontinued operations, classified within other current assets	`NetCashProvidedByUsedInDiscontinuedOperations`	$-3.20M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-446.00M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-278.90M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$377.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$352.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$823.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$377.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$352.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$823.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$73.70M	USD	Point-in-time

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	399.16M	shares	Point-in-time
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	270.08M	shares	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
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$424.20M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.90M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$285.60M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.12B	USD	Point-in-time
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-96.90M	USD	1 Quarter
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`	$-143.80M	USD	2 Qtrs
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$164.50M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$150.80M	USD	2 Qtrs
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`	$2.50M	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`	$4.60M	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
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$18.30M	USD	1 Quarter
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$5.50M	USD	1 Quarter
Stock Repurchased During Period, Shares	`StockRepurchasedDuringPeriodShares`	24.40M	shares	2 Qtrs
Common Share Repurchases, Value	`StockRepurchasedDuringPeriodValue`	$124.30M	USD	1 Quarter
Common Share Repurchases, Value	`StockRepurchasedDuringPeriodValue`	$128.60M	USD	1 Quarter
Dividends, Common Stock	`DividendsCommonStock`	$100.00K	USD	1 Quarter
Dividends, Common Stock	`DividendsCommonStock`	$16.60M	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`	399.16M	shares	Point-in-time
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	270.08M	shares	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
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$424.20M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$357.90M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$285.60M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.12B	USD	Point-in-time
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
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 34 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$138.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$160.80M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-156.70M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-108.10M	USD	1 Quarter
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.80M	USD	1 Quarter
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-11.50M	USD	2 Qtrs
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-11.60M	USD	2 Qtrs
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	2 Qtrs
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-200.00K	USD	2 Qtrs
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-2.10M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$600.00K	USD	2 Qtrs
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.50M	USD	2 Qtrs
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$4.50M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$11.20M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$12.90M	USD	2 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.70M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$12.10M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-96.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-46.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-143.80M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$164.50M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$150.80M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-13.70M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.80M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.30M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive income (loss) attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$150.80M	USD	2 Qtrs
Comprehensive income (loss) attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$-112.70M	USD	1 Quarter
Comprehensive income (loss) attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$-163.10M	USD	2 Qtrs
Comprehensive income (loss) attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$164.50M	USD	1 Quarter

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