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Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.8.0.1
SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract] Ìý
Schedule of Stockholders Equity
The following table reflects the changes in shareholders' deficit attributable to both us and the noncontrolling interests, primarily related to Tilden and Empire. We own 100% of both mines as of MarchÌý31, 2018 and 85% and 79% of each mine, respectively, as of MarchÌý31, 2017:
Ìý
(In Millions)
Ìý
Cliffs
³§³ó²¹°ù±ð³ó´Ç±ô»å±ð°ù²õ’
Equity (Deficit)
Ìý
Noncontrolling
Interest
Ìý
Total Equity
(Deficit)
December 31, 2017
$
(444.3
)
Ìý
$
0.2

Ìý
$
(444.1
)
Adoption of accounting standard (Note 2)
34.0

Ìý
—

Ìý
34.0

Comprehensive loss
Ìý
Ìý
Ìý
Ìý
Ìý
Net loss
(84.3
)
Ìý
—

Ìý
(84.3
)
Other comprehensive income
7.7

Ìý
—

Ìý
7.7

Total comprehensive loss
(76.6
)
Ìý
—

Ìý
(76.6
)
Stock and other incentive plans
1.9

Ìý
—

Ìý
1.9

March 31, 2018
$
(485.0
)
Ìý
$
0.2

Ìý
$
(484.8
)
Ìý
(In Millions)
Ìý
Cliffs
³§³ó²¹°ù±ð³ó´Ç±ô»å±ð°ù²õ’
Equity (Deficit)
Ìý
Noncontrolling
Interest
Ìý
Total Equity
(Deficit)
December 31, 2016
$
(1,464.3
)
Ìý
$
133.8

Ìý
$
(1,330.5
)
Comprehensive loss
Ìý
Ìý
Ìý
Ìý
Ìý
Net loss
(28.1
)
Ìý
(1.7
)
Ìý
(29.8
)
Other comprehensive loss
(3.0
)
Ìý
(5.0
)
Ìý
(8.0
)
Total comprehensive loss
(31.1
)
Ìý
(6.7
)
Ìý
(37.8
)
Issuance of common shares
661.3

Ìý
—

Ìý
661.3

Stock and other incentive plans
4.0

Ìý
—

Ìý
4.0

March 31, 2017
$
(830.1
)
Ìý
$
127.1

Ìý
$
(703.0
)
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table reflects the changes in Accumulated other comprehensive loss related to Cliffs shareholders’ deficit:
Ìý
(In Millions)
Ìý
Changes in Pension and Other Post-Retirement Benefits,
net of tax
Ìý
Unrealized Net Gain on Foreign Currency Translation
Ìý
Net Unrealized Gain (Loss) on Derivative Financial Instruments, net of tax
Ìý
Accumulated Other Comprehensive Loss
December 31, 2017
$
(263.9
)
Ìý
$
225.4

Ìý
$
(0.5
)
Ìý
$
(39.0
)
Other comprehensive income before reclassifications
0.5

Ìý
0.7

Ìý
0.4

Ìý
1.6

Net loss (gain) reclassified from accumulated other comprehensive loss
6.2

Ìý
—

Ìý
(0.1
)
Ìý
6.1

March 31, 2018
$
(257.2
)
Ìý
$
226.1

Ìý
$
(0.2
)
Ìý
$
(31.3
)
Ìý
(In Millions)
Ìý
Changes in Pension and Other Post-Retirement Benefits, net of tax
Ìý
Unrealized Net Gain (Loss) on Foreign Currency Translation
Ìý
Accumulated Other Comprehensive Loss
December 31, 2016
$
(260.6
)
Ìý
$
239.3

Ìý
$
(21.3
)
Other comprehensive income (loss) before reclassifications
3.3

Ìý
(12.7
)
Ìý
(9.4
)
Net loss reclassified from accumulated other comprehensive loss
6.4

Ìý
—

Ìý
6.4

March 31, 2017
$
(250.9
)
Ìý
$
226.6

Ìý
$
(24.3
)
Details of Accumulated Other Comprehensive Income (Loss) Components

The following table reflects the details about Accumulated other comprehensive loss components related to Cliffs shareholders’ deficit:
Ìý
Ìý
(In Millions)
Ìý
Ìý
Details about Accumulated Other Comprehensive Loss Components
Ìý
Amount of (Gain)/Loss Reclassified into Income
Ìý
Affected Line Item in the Statement of Unaudited Condensed Consolidated Operations
Ìý
Three Months Ended
March 31,
Ìý
Ìý
2018
Ìý
2017
Ìý
Amortization of pension and OPEB liability:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Prior service credits
Ìý
$
(0.3
)
Ìý
$
(0.1
)
Ìý
Other non-operating income
Net actuarial loss
Ìý
6.5

Ìý
6.5

Ìý
Other non-operating income
Ìý
Ìý
$
6.2

Ìý
$
6.4

Ìý
Net of taxes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Unrealized loss on derivative financial instruments:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Commodity contracts
Ìý
$
(0.1
)
Ìý
$
—

Ìý
Cost of goods sold and operating expenses
Ìý
Ìý
$
(0.1
)
Ìý
$
—

Ìý
Net of taxes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Total reclassifications for the period, net of tax
Ìý
$
6.1

Ìý
$
6.4

Ìý
Ìý