ÐÇ¿Õ´«Ã½

SUPPLEMENTARY GUARANTOR INFORMATION (Tables)

v3.8.0.1

SUPPLEMENTARY GUARANTOR INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]	Ìý
Schedule of Supplemental Condensed Consolidating Financial Position	Unaudited Condensed Consolidating Statement of Financial Position As of March 31, 2018 (In Millions) Ìý ÐÇ¿Õ´«Ã½ Inc. Ìý Guarantor Subsidiaries Ìý Non-Guarantor Subsidiaries Ìý Eliminations Ìý Consolidated ASSETS Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý CURRENT ASSETS Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Cash and cash equivalents $ 753.6 Ìý $ 1.0 Ìý $ 32.0 Ìý $ — Ìý $ 786.6 Accounts receivable, net 5.7 Ìý 27.7 Ìý 15.9 Ìý (2.1 ) Ìý 47.2 Inventories — Ìý 303.2 Ìý 21.2 Ìý — Ìý 324.4 Supplies and other inventories — Ìý 81.4 Ìý 0.3 Ìý — Ìý 81.7 Derivative assets — Ìý 93.6 Ìý — Ìý — Ìý 93.6 Loans to and accounts receivable from the Canadian Entities 43.5 Ìý 6.9 Ìý — Ìý — Ìý 50.4 Other current assets 15.5 Ìý 7.9 Ìý 5.1 Ìý — Ìý 28.5 TOTAL CURRENT ASSETS 818.3 Ìý 521.7 Ìý 74.5 Ìý (2.1 ) Ìý 1,412.4 PROPERTY, PLANT AND EQUIPMENT, NET 16.2 Ìý 956.9 Ìý 74.2 Ìý — Ìý 1,047.3 OTHER ASSETS Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Deposits for property, plant and equipment — Ìý 1.9 Ìý 72.2 Ìý — Ìý 74.1 Income tax receivable 219.9 Ìý — Ìý — Ìý — Ìý 219.9 Investment in subsidiaries 1,185.7 Ìý 27.4 Ìý — Ìý (1,213.1 ) Ìý — Long-term intercompany notes — Ìý — Ìý 242.0 Ìý (242.0 ) Ìý — Other non-current assets 8.9 Ìý 97.9 Ìý 2.4 Ìý — Ìý 109.2 TOTAL OTHER ASSETS 1,414.5 Ìý 127.2 Ìý 316.6 Ìý (1,455.1 ) Ìý 403.2 TOTAL ASSETS $ 2,249.0 Ìý $ 1,605.8 Ìý $ 465.3 Ìý $ (1,457.2 ) Ìý $ 2,862.9 LIABILITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý CURRENT LIABILITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Accounts payable $ 4.6 Ìý $ 71.8 Ìý $ 25.2 Ìý $ (2.1 ) Ìý $ 99.5 Accrued expenses 11.1 Ìý 60.0 Ìý 23.3 Ìý — Ìý 94.4 Accrued interest 28.2 Ìý — Ìý — Ìý — Ìý 28.2 Contingent claims 54.3 Ìý — Ìý — Ìý — Ìý 54.3 Partnership distribution payable — Ìý 44.2 Ìý — Ìý — Ìý 44.2 Other current liabilities 1.8 Ìý 63.3 Ìý 39.2 Ìý — Ìý 104.3 TOTAL CURRENT LIABILITIES 100.0 Ìý 239.3 Ìý 87.7 Ìý (2.1 ) Ìý 424.9 PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 66.1 Ìý 429.6 Ìý (244.3 ) Ìý — Ìý 251.4 ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS — Ìý 143.1 Ìý 38.1 Ìý — Ìý 181.2 LONG-TERM DEBT 2,308.2 Ìý — Ìý — Ìý — Ìý 2,308.2 LONG-TERM INTERCOMPANY NOTES 242.0 Ìý — Ìý — Ìý (242.0 ) Ìý — OTHER LIABILITIES 17.5 Ìý 142.9 Ìý 21.6 Ìý — Ìý 182.0 TOTAL LIABILITIES 2,733.8 Ìý 954.9 Ìý (96.9 ) Ìý (244.1 ) Ìý 3,347.7 EQUITY Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý TOTAL CLIFFS SHAREHOLDERS' DEFICIT (484.8 ) Ìý 650.9 Ìý 562.0 Ìý (1,213.1 ) Ìý (485.0 ) NONCONTROLLING INTEREST — Ìý — Ìý 0.2 Ìý — Ìý 0.2 TOTAL DEFICIT (484.8 ) Ìý 650.9 Ìý 562.2 Ìý (1,213.1 ) Ìý (484.8 ) TOTAL LIABILITIES AND DEFICIT $ 2,249.0 Ìý $ 1,605.8 Ìý $ 465.3 Ìý $ (1,457.2 ) Ìý $ 2,862.9 Unaudited Condensed Consolidating Statement of Financial Position As of December 31, 2017 (In Millions) Ìý ÐÇ¿Õ´«Ã½ Inc. Ìý Guarantor Subsidiaries Ìý Non-Guarantor Subsidiaries Ìý Eliminations Ìý Consolidated ASSETS Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý CURRENT ASSETS Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Cash and cash equivalents $ 948.9 Ìý $ 2.1 Ìý $ 56.7 Ìý $ — Ìý $ 1,007.7 Accounts receivable, net 4.5 Ìý 102.9 Ìý 33.9 Ìý (0.7 ) Ìý 140.6 Inventories — Ìý 138.4 Ìý 45.0 Ìý — Ìý 183.4 Supplies and other inventories — Ìý 88.8 Ìý 5.1 Ìý — Ìý 93.9 Derivative assets — Ìý 37.9 Ìý 1.5 Ìý — Ìý 39.4 Loans to and accounts receivable from the Canadian Entities 44.7 Ìý 6.9 Ìý — Ìý — Ìý 51.6 Other current assets 16.4 Ìý 7.5 Ìý 4.1 Ìý — Ìý 28.0 TOTAL CURRENT ASSETS 1,014.5 Ìý 384.5 Ìý 146.3 Ìý (0.7 ) Ìý 1,544.6 PROPERTY, PLANT AND EQUIPMENT, NET 17.5 Ìý 959.0 Ìý 74.5 Ìý — Ìý 1,051.0 OTHER ASSETS Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Deposits for property, plant and equipment — Ìý 1.3 Ìý 16.5 Ìý — Ìý 17.8 Income tax receivable 235.3 Ìý — Ìý — Ìý — Ìý 235.3 Investment in subsidiaries 1,024.3 Ìý 29.9 Ìý — Ìý (1,054.2 ) Ìý — Long-term intercompany notes — Ìý — Ìý 242.0 Ìý (242.0 ) Ìý — Other non-current assets 7.8 Ìý 91.7 Ìý 5.2 Ìý — Ìý 104.7 TOTAL OTHER ASSETS 1,267.4 Ìý 122.9 Ìý 263.7 Ìý (1,296.2 ) Ìý 357.8 TOTAL ASSETS $ 2,299.4 Ìý $ 1,466.4 Ìý $ 484.5 Ìý $ (1,296.9 ) Ìý $ 2,953.4 LIABILITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý CURRENT LIABILITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Accounts payable $ 7.1 Ìý $ 89.7 Ìý $ 31.6 Ìý $ (0.7 ) Ìý $ 127.7 Accrued expenses 19.0 Ìý 59.9 Ìý 28.2 Ìý — Ìý 107.1 Accrued interest 31.4 Ìý — Ìý — Ìý — Ìý 31.4 Contingent claims 55.6 Ìý — Ìý — Ìý — Ìý 55.6 Partnership distribution payable — Ìý 44.2 Ìý — Ìý — Ìý 44.2 Other current liabilities 2.1 Ìý 63.5 Ìý 20.6 Ìý — Ìý 86.2 TOTAL CURRENT LIABILITIES 115.2 Ìý 257.3 Ìý 80.4 Ìý (0.7 ) Ìý 452.2 PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 66.4 Ìý 430.6 Ìý (239.3 ) Ìý — Ìý 257.7 ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS — Ìý 140.6 Ìý 55.9 Ìý — Ìý 196.5 LONG-TERM DEBT 2,304.2 Ìý — Ìý — Ìý — Ìý 2,304.2 LONG-TERM INTERCOMPANY NOTES 242.0 Ìý — Ìý — Ìý (242.0 ) Ìý — OTHER LIABILITIES 15.7 Ìý 147.2 Ìý 24.0 Ìý — Ìý 186.9 TOTAL LIABILITIES 2,743.5 Ìý 975.7 Ìý (79.0 ) Ìý (242.7 ) Ìý 3,397.5 EQUITY Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý TOTAL CLIFFS SHAREHOLDERS' DEFICIT (444.1 ) Ìý 490.7 Ìý 563.3 Ìý (1,054.2 ) Ìý (444.3 ) NONCONTROLLING INTEREST — Ìý — Ìý 0.2 Ìý — Ìý 0.2 TOTAL DEFICIT (444.1 ) Ìý 490.7 Ìý 563.5 Ìý (1,054.2 ) Ìý (444.1 ) TOTAL LIABILITIES AND DEFICIT $ 2,299.4 Ìý $ 1,466.4 Ìý $ 484.5 Ìý $ (1,296.9 ) Ìý $ 2,953.4
Schedule of Supplemental Statements of Condensed Consolidating Operations and Comprehensive Income (Loss)	Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the Three Months Ended March 31, 2018 (In Millions) Ìý ÐÇ¿Õ´«Ã½ Inc. Ìý Guarantor Subsidiaries Ìý Non-Guarantor Subsidiaries Ìý Eliminations Ìý Consolidated REVENUES FROM PRODUCT SALES AND SERVICES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Product $ — Ìý $ 169.2 Ìý $ 51.5 Ìý $ — Ìý $ 220.7 Freight and venture partners' cost reimbursements — Ìý 10.8 Ìý 7.5 Ìý — Ìý 18.3 Ìý — Ìý 180.0 Ìý 59.0 Ìý — Ìý 239.0 COST OF GOODS SOLD AND OPERATING EXPENSES — Ìý (118.5 ) Ìý (124.1 ) Ìý — Ìý (242.6 ) SALES MARGIN — Ìý 61.5 Ìý (65.1 ) Ìý — Ìý (3.6 ) OTHER OPERATING EXPENSE Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Selling, general and administrative expenses (20.1 ) Ìý (4.3 ) Ìý (3.3 ) Ìý — Ìý (27.7 ) Miscellaneous – net (0.2 ) Ìý (5.3 ) Ìý (3.2 ) Ìý — Ìý (8.7 ) Ìý (20.3 ) Ìý (9.6 ) Ìý (6.5 ) Ìý — Ìý (36.4 ) OPERATING INCOME (LOSS) (20.3 ) Ìý 51.9 Ìý (71.6 ) Ìý — Ìý (40.0 ) OTHER INCOME (EXPENSE) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Interest expense, net (31.9 ) Ìý (0.8 ) Ìý (0.8 ) Ìý — Ìý (33.5 ) Other non-operating income (expense) (0.9 ) Ìý 0.5 Ìý 4.8 Ìý — Ìý 4.4 Ìý (32.8 ) Ìý (0.3 ) Ìý 4.0 Ìý — Ìý (29.1 ) INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (53.1 ) Ìý 51.6 Ìý (67.6 ) Ìý — Ìý (69.1 ) INCOME TAX EXPENSE (15.6 ) Ìý (0.1 ) Ìý — Ìý — Ìý (15.7 ) EQUITY IN INCOME (LOSS) OF SUBSIDIARIES (15.7 ) Ìý 4.5 Ìý — Ìý 11.2 Ìý — INCOME (LOSS) FROM CONTINUING OPERATIONS (84.4 ) Ìý 56.0 Ìý (67.6 ) Ìý 11.2 Ìý (84.8 ) INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX 0.1 Ìý 0.2 Ìý 0.2 Ìý — Ìý 0.5 NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS $ (84.3 ) Ìý $ 56.2 Ìý $ (67.4 ) Ìý $ 11.2 Ìý $ (84.3 ) OTHER COMPREHENSIVE INCOME 7.7 Ìý 5.9 Ìý 0.8 Ìý (6.7 ) Ìý 7.7 TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS $ (76.6 ) Ìý $ 62.1 Ìý $ (66.6 ) Ìý $ 4.5 Ìý $ (76.6 ) Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) For the Three Months Ended March 31, 2017 (In Millions) Ìý ÐÇ¿Õ´«Ã½ Inc. Ìý Guarantor Subsidiaries Ìý Non-Guarantor Subsidiaries Ìý Eliminations Ìý Consolidated REVENUES FROM PRODUCT SALES AND SERVICES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Product $ — Ìý $ 247.3 Ìý $ 165.5 Ìý $ — Ìý $ 412.8 Freight and venture partners' cost reimbursements — Ìý 38.9 Ìý 9.9 Ìý — Ìý 48.8 Ìý — Ìý 286.2 Ìý 175.4 Ìý — Ìý 461.6 COST OF GOODS SOLD AND OPERATING EXPENSES — Ìý (237.2 ) Ìý (128.1 ) Ìý — Ìý (365.3 ) SALES MARGIN — Ìý 49.0 Ìý 47.3 Ìý — Ìý 96.3 OTHER OPERATING INCOME (EXPENSE) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Selling, general and administrative expenses (19.5 ) Ìý (4.4 ) Ìý (3.8 ) Ìý — Ìý (27.7 ) Miscellaneous – net (0.1 ) Ìý (5.5 ) Ìý 17.1 Ìý — Ìý 11.5 Ìý (19.6 ) Ìý (9.9 ) Ìý 13.3 Ìý — Ìý (16.2 ) OPERATING INCOME (LOSS) (19.6 ) Ìý 39.1 Ìý 60.6 Ìý — Ìý 80.1 OTHER INCOME (EXPENSE) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Interest expense, net (41.6 ) Ìý — Ìý (1.2 ) Ìý — Ìý (42.8 ) Loss on extinguishment of debt (71.9 ) Ìý — Ìý — Ìý — Ìý (71.9 ) Other non-operating income (expense) (1.0 ) Ìý (0.8 ) Ìý 4.3 Ìý — Ìý 2.5 Ìý (114.5 ) Ìý (0.8 ) Ìý 3.1 Ìý — Ìý (112.2 ) INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (134.1 ) Ìý 38.3 Ìý 63.7 Ìý — Ìý (32.1 ) INCOME TAX BENEFIT (EXPENSE) 5.2 Ìý (0.8 ) Ìý (2.6 ) Ìý — Ìý 1.8 EQUITY IN INCOME OF SUBSIDIARIES 100.4 Ìý 3.2 Ìý — Ìý (103.6 ) Ìý — INCOME (LOSS) FROM CONTINUING OPERATIONS (28.5 ) Ìý 40.7 Ìý 61.1 Ìý (103.6 ) Ìý (30.3 ) INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax 0.4 Ìý 0.2 Ìý (0.1 ) Ìý — Ìý 0.5 NET INCOME (LOSS) (28.1 ) Ìý 40.9 Ìý 61.0 Ìý (103.6 ) Ìý (29.8 ) LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST — Ìý 1.7 Ìý — Ìý — Ìý 1.7 NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS $ (28.1 ) Ìý $ 42.6 Ìý $ 61.0 Ìý $ (103.6 ) Ìý $ (28.1 ) OTHER COMPREHENSIVE INCOME (LOSS) (3.0 ) Ìý 10.8 Ìý (17.8 ) Ìý 7.0 Ìý (3.0 ) TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS $ (31.1 ) Ìý $ 53.4 Ìý $ 43.2 Ìý $ (96.6 ) Ìý $ (31.1 )
Schedule of Supplemental Statements of Condensed Consolidating Cash Flows	Unaudited Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2018 (In Millions) Ìý ÐÇ¿Õ´«Ã½ Inc. Ìý Guarantor Subsidiaries Ìý Non-Guarantor Subsidiaries Ìý Eliminations Ìý Consolidated Net cash used by operating activities $ (54.7 ) Ìý $ (62.8 ) Ìý $ (25.4 ) Ìý $ — Ìý $ (142.9 ) INVESTING ACTIVITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Purchase of property, plant and equipment — Ìý (8.1 ) Ìý (4.3 ) Ìý — Ìý (12.4 ) Deposits for property, plant and equipment — Ìý (0.8 ) Ìý (58.2 ) Ìý — Ìý (59.0 ) Intercompany investing (137.7 ) Ìý (4.8 ) Ìý — Ìý 142.5 Ìý — Net cash used by investing activities (137.7 ) Ìý (13.7 ) Ìý (62.5 ) Ìý 142.5 Ìý (71.4 ) FINANCING ACTIVITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Debt issuance costs (1.5 ) Ìý — Ìý — Ìý — Ìý (1.5 ) Intercompany financing — Ìý 75.9 Ìý 66.6 Ìý (142.5 ) Ìý — Other financing activities (1.4 ) Ìý (0.5 ) Ìý (3.6 ) Ìý — Ìý (5.5 ) Net cash provided (used) by financing activities (2.9 ) Ìý 75.4 Ìý 63.0 Ìý (142.5 ) Ìý (7.0 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH — Ìý — Ìý 0.2 Ìý — Ìý 0.2 DECREASE IN CASH AND CASH EQUIVALENTS (195.3 ) Ìý (1.1 ) Ìý (24.7 ) Ìý — Ìý (221.1 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 948.9 Ìý 2.1 Ìý 56.7 Ìý — Ìý 1,007.7 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 753.6 Ìý $ 1.0 Ìý $ 32.0 Ìý $ — Ìý $ 786.6 Unaudited Condensed Consolidating Statement of Cash Flows For the Three Months Ended March 31, 2017 (In Millions) Ìý ÐÇ¿Õ´«Ã½ Inc. Ìý Guarantor Subsidiaries Ìý Non-Guarantor Subsidiaries Ìý Eliminations Ìý Consolidated Net cash provided (used) by operating activities $ (99.5 ) Ìý $ (19.7 ) Ìý $ 94.1 Ìý $ — Ìý $ (25.1 ) INVESTING ACTIVITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Purchase of property, plant and equipment (0.8 ) Ìý (24.9 ) Ìý (0.2 ) Ìý — Ìý (25.9 ) Deposits for property, plant and equipment — Ìý (2.0 ) Ìý — Ìý — Ìý (2.0 ) Intercompany investing (56.5 ) Ìý (0.5 ) Ìý (45.0 ) Ìý 102.0 Ìý — Other investing activities — Ìý 0.5 Ìý — Ìý — Ìý 0.5 Net cash used by investing activities (57.3 ) Ìý (26.9 ) Ìý (45.2 ) Ìý 102.0 Ìý (27.4 ) FINANCING ACTIVITIES Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Net proceeds from issuance of common shares 661.3 Ìý — Ìý — Ìý — Ìý 661.3 Proceeds from issuance of debt 500.0 Ìý — Ìý — Ìý — Ìý 500.0 Debt issuance costs (8.5 ) Ìý — Ìý — Ìý — Ìý (8.5 ) Repurchase of debt (1,115.5 ) Ìý — Ìý — Ìý — Ìý (1,115.5 ) Distributions of partnership equity — Ìý (8.7 ) Ìý — Ìý — Ìý (8.7 ) Intercompany financing 45.1 Ìý 55.8 Ìý 1.1 Ìý (102.0 ) Ìý — Other financing activities (0.5 ) Ìý (0.7 ) Ìý (4.4 ) Ìý — Ìý (5.6 ) Net cash provided (used) by financing activities 81.9 Ìý 46.4 Ìý (3.3 ) Ìý (102.0 ) Ìý 23.0 EFFECT OF EXCHANGE RATE CHANGES ON CASH — Ìý — Ìý 1.4 Ìý — Ìý 1.4 INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (74.9 ) Ìý (0.2 ) Ìý 47.0 Ìý — Ìý (28.1 ) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 283.4 Ìý 2.5 Ìý 37.5 Ìý — Ìý 323.4 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 208.5 Ìý $ 2.3 Ìý $ 84.5 Ìý $ — Ìý $ 295.3