10-Q Filing

CLEVELAND-CLIFFS INC. CIK: 764065 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0000764065-22-000154`
Period End Date	20220930
Filing Date	20221026
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	clf-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 96 Cash Flow Statement 68 Stockholders Equity 49 Comprehensive Income 36

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Common shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.12	USD	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Common shares, authorized (in shares)	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.00M	USD	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	20.00M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	531.05M	shares	Point-in-time
Common shares, issued (in shares)	`CommonStockSharesIssued`	506.83M	shares	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	515.30M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.30B	USD	Point-in-time
Common shares, outstanding (in shares)	`CommonStockSharesOutstanding`	500.16M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.15B	USD	Point-in-time
Common shares in treasury (in shares)	`TreasuryStockShares`	6.67M	shares	Point-in-time
Inventories	`InventoryNet`	$5.19B	USD	Point-in-time
Inventories	`InventoryNet`	$5.54B	USD	Point-in-time
Common shares in treasury (in shares)	`TreasuryStockShares`	15.75M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$426.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$263.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.65B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.32B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.03B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.19B	USD	Point-in-time
Goodwill	`Goodwill`	$1.14B	USD	Point-in-time
Goodwill	`Goodwill`	$1.12B	USD	Point-in-time
Pension and OPEB, asset	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$390.00M	USD	Point-in-time
Pension and OPEB, asset	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$224.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$802.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$796.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.69B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$18.98B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.07B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.36B	USD	Point-in-time
Accrued employment costs	`EmployeeRelatedLiabilitiesCurrent`	$479.00M	USD	Point-in-time
Accrued employment costs	`EmployeeRelatedLiabilitiesCurrent`	$585.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$740.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$903.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.56B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.58B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.24B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.47B	USD	Point-in-time
Pension liability, non-current	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$578.00M	USD	Point-in-time
Pension liability, non-current	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$464.00M	USD	Point-in-time
OPEB liability, non-current	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$2.29B	USD	Point-in-time
OPEB liability, non-current	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$2.38B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.61B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.44B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.42B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$13.20B	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 - 1,200,000,000 shares (2021 - 1,200,000,000 shares); Issued - 531,051,530 shares (2021 -506,832,537 shares); Outstanding - 517,293,151 shares (2021 - 500,158,955 shares)	`CommonStockValueOutstanding`	$63.00M	USD	Point-in-time
Common shares - par value $0.125 per share, Authorized - 1,200,000,000 shares (2021 - 1,200,000,000 shares); Issued - 531,051,530 shares (2021 -506,832,537 shares); Outstanding - 517,293,151 shares (2021 - 500,158,955 shares)	`CommonStockValueOutstanding`	$66.00M	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$4.86B	USD	Point-in-time
Capital in excess of par value of shares	`AdditionalPaidInCapital`	$4.89B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$1.55B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.00M	USD	Point-in-time
Cost of 15,753,810 common shares in treasury (2021 - 6,673,582 shares)	`TreasuryStockValue`	$280.00M	USD	Point-in-time
Cost of 15,753,810 common shares in treasury (2021 - 6,673,582 shares)	`TreasuryStockValue`	$82.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$810.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$618.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$23.00M	USD	Point-in-time
Total Cliffs shareholders' equity	`StockholdersEquity`	$5.49B	USD	Point-in-time
Total Cliffs shareholders' equity	`StockholdersEquity`	$7.01B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$260.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$284.00M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.27B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.61B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.72B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.54B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.99B	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.77B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$18.98B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$19.69B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$6.00B	USD	1 Quarter
Revenues	`Revenues`	$5.65B	USD	1 Quarter
Revenues	`Revenues`	$15.10B	USD	3 Qtrs
Revenues	`Revenues`	$17.95B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$15.37B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$11.84B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.30B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$4.23B	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$116.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$353.00M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$124.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$329.00M	USD	3 Qtrs
Miscellaneous net	`OtherOperatingIncomeExpenseNet`	$-104.00M	USD	3 Qtrs
Miscellaneous net	`OtherOperatingIncomeExpenseNet`	$-10.00M	USD	1 Quarter
Miscellaneous net	`OtherOperatingIncomeExpenseNet`	$-38.00M	USD	3 Qtrs
Miscellaneous net	`OtherOperatingIncomeExpenseNet`	$-37.00M	USD	1 Quarter
Total operating costs	`CostsAndExpenses`	$12.21B	USD	3 Qtrs
Total operating costs	`CostsAndExpenses`	$15.82B	USD	3 Qtrs
Total operating costs	`CostsAndExpenses`	$4.36B	USD	1 Quarter
Total operating costs	`CostsAndExpenses`	$5.47B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.12B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$187.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.65B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.89B	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-205.00M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-64.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-258.00M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-81.00M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.00M	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-76.00M	USD	3 Qtrs
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain (loss) on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.00M	USD	3 Qtrs
Net periodic benefit credits other than service cost component	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-49.00M	USD	1 Quarter
Net periodic benefit credits other than service cost component	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-148.00M	USD	3 Qtrs
Net periodic benefit credits other than service cost component	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-139.00M	USD	3 Qtrs
Net periodic benefit credits other than service cost component	`NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent`	$-46.00M	USD	1 Quarter
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$-6.00M	USD	3 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$5.00M	USD	3 Qtrs
Other non-operating income (expense)	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-202.00M	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-12.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-34.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-139.00M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.69B	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.98B	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$175.00M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.61B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$559.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$404.00M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$10.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$334.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.28B	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.58B	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$165.00M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$1.00M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$2.00M	USD	3 Qtrs
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$2.00M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.28B	USD	1 Quarter
Net income	`ProfitLoss`	$165.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.58B	USD	3 Qtrs
Net income	`ProfitLoss`	$2.13B	USD	3 Qtrs
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$39.00M	USD	3 Qtrs
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.00M	USD	1 Quarter
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$31.00M	USD	3 Qtrs
Income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Net income attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$152.00M	USD	1 Quarter
Net income attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.55B	USD	3 Qtrs
Net income attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$1.27B	USD	1 Quarter
Net income attributable to Cliffs shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$2.10B	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.46	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$3.87	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.30	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.98	USD	3 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	3 Qtrs
Earnings per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Earnings per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$2.98	USD	3 Qtrs
Earnings per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$2.46	USD	1 Quarter
Earnings per Common Share - Basic (in dollars per share)	`EarningsPerShareBasic`	$3.87	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$3.69	USD	3 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.33	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.29	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.95	USD	3 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	3 Qtrs
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare`	-	USD	3 Qtrs
Earnings per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.33	USD	1 Quarter
Earnings per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.29	USD	1 Quarter
Earnings per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.95	USD	3 Qtrs
Earnings per Common Share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$3.69	USD	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.28B	USD	1 Quarter
Net income	`ProfitLoss`	$165.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.58B	USD	3 Qtrs
Net income	`ProfitLoss`	$2.13B	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$664.00M	USD	3 Qtrs
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$239.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$237.00M	USD	1 Quarter
Depreciation, depletion and amortization	`DepreciationDepletionAndAmortization`	$788.00M	USD	3 Qtrs
Impairment of long-lived assets	`AssetImpairmentCharges`	$1.00M	USD	3 Qtrs
Impairment of long-lived assets	`AssetImpairmentCharges`	$29.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$557.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$210.00M	USD	3 Qtrs
Pension and OPEB credits	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$-59.00M	USD	3 Qtrs
Pension and OPEB credits	`PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash`	$-81.00M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$4.00M	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-76.00M	USD	3 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-88.00M	USD	3 Qtrs
Amortization of inventory step-up	`AmortizationofInventoryStepup`	$129.00M	USD	3 Qtrs
Amortization of inventory step-up	`AmortizationofInventoryStepup`	-	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-75.00M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-79.00M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$108.00M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$1.17B	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$348.00M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$793.00M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.00M	USD	3 Qtrs
Income taxes	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-109.00M	USD	3 Qtrs
Pension and OPEB payments and contributions	`PensionAndOtherPostretirementBenefitContributions`	$279.00M	USD	3 Qtrs
Pension and OPEB payments and contributions	`PensionAndOtherPostretirementBenefitContributions`	$174.00M	USD	3 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.00M	USD	3 Qtrs
Payables, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$294.00M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.65B	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.93B	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$716.00M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$473.00M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-20.00M	USD	3 Qtrs
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.00M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-414.00M	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-727.00M	USD	3 Qtrs
Series B Redeemable Preferred Stock redemption	`PaymentsForRepurchaseOfRedeemablePreferredStock`	$1.34B	USD	3 Qtrs
Series B Redeemable Preferred Stock redemption	`PaymentsForRepurchaseOfRedeemablePreferredStock`	-	USD	3 Qtrs
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$322.00M	USD	3 Qtrs
Proceeds from issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$210.00M	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	3 Qtrs
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	3 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$1.35B	USD	3 Qtrs
Repayments of debt	`RepaymentsOfLongTermDebt`	$1.35B	USD	3 Qtrs
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$4.65B	USD	3 Qtrs
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$4.35B	USD	3 Qtrs
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$4.16B	USD	3 Qtrs
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$4.17B	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-115.00M	USD	3 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-130.00M	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.30B	USD	3 Qtrs
Net cash used by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.20B	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.00M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-70.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$112.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$112.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$56.00M	USD	Point-in-time

Stockholders Equity 49 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	515.30M	shares	Point-in-time
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	500.16M	shares	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.27B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.61B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.72B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.54B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.99B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.77B	USD	Point-in-time
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$911.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$544.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$849.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$70.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$317.00M	USD	1 Quarter
Redemption of convertible debt, adjustments	`AdjustmentsToAdditionalPaidInCapitalEquityComponentOfConvertibleDebt`	$-4.00M	USD	1 Quarter
Redemption of convertible debt	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$-25.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$322.00M	USD	1 Quarter
Stock and other incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-5.00M	USD	1 Quarter
Stock and other incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.00M	USD	1 Quarter
Stock and other incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-5.00M	USD	1 Quarter
Stock and other incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.00M	USD	1 Quarter
Stock and other incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$10.00M	USD	1 Quarter
Stock and other incentive plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.00M	USD	1 Quarter
Preferred Stock Redemption Premium	`PreferredStockRedemptionPremium`	$605.00M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$34.00M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$157.00M	USD	1 Quarter
Common stock repurchases	`StockRepurchasedDuringPeriodValue`	$19.00M	USD	1 Quarter
Acquisition of ArcelorMittal USA - Measurement period adjustments	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationMeasurementPeriodAdjustments`	$-13.00M	USD	1 Quarter
Acquisition of ArcelorMittal USA - Measurement period adjustments	`NoncontrollingInterestIncreaseDecreaseFromBusinessCombinationMeasurementPeriodAdjustments`	$-1.00M	USD	1 Quarter
Net distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$9.00M	USD	1 Quarter
Net distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$8.00M	USD	1 Quarter
Net distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$22.00M	USD	1 Quarter
Net distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$24.00M	USD	1 Quarter
Net distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$28.00M	USD	1 Quarter
Net distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$18.00M	USD	1 Quarter
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	515.30M	shares	Point-in-time
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	500.16M	shares	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.27B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.61B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.72B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.54B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.34B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.29B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.99B	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.77B	USD	Point-in-time

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$1.28B	USD	1 Quarter
Net income	`ProfitLoss`	$165.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.58B	USD	3 Qtrs
Net income	`ProfitLoss`	$2.13B	USD	3 Qtrs
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-94.00M	USD	3 Qtrs
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-20.00M	USD	3 Qtrs
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Changes in pension and OPEB, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-93.00M	USD	1 Quarter
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.00M	USD	3 Qtrs
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.00M	USD	3 Qtrs
Changes in foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-61.00M	USD	1 Quarter
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-102.00M	USD	3 Qtrs
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-137.00M	USD	3 Qtrs
Changes in derivative financial instruments, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax`	$-83.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$156.00M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$192.00M	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$89.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$152.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$911.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.77B	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$544.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.29B	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.37B	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$849.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$70.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$317.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$8.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$39.00M	USD	3 Qtrs
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$31.00M	USD	3 Qtrs
Comprehensive income attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$1.36B	USD	1 Quarter
Comprehensive income attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$304.00M	USD	1 Quarter
Comprehensive income attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$1.74B	USD	3 Qtrs
Comprehensive income attributable to Cliffs shareholders	`ComprehensiveIncomeNetOfTax`	$2.25B	USD	3 Qtrs

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