NEW ACCOUNTING STANDARDS NEW ACCOUNTING STANDARDS (Schedule of Accounting Change) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||
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Dec. 31, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Jan. 01, 2018 |
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New Accounting Pronouncements or Change in Accounting Principle [Line Items] | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý |
Product revenues | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 2,172.3 | $ 1,644.6 | $ 1,379.7 | Ìý |
Freight and Reimbursement Revenue | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 160.1 | 221.4 | 174.8 | Ìý |
Revenues | $ 696.3 | $ 741.8 | $ 714.3 | $ 180.0 | $ 511.8 | $ 596.7 | $ 471.3 | $ 286.2 | 2,332.4 | 1,866.0 | 1,554.5 | Ìý |
Cost of Goods and Services Sold | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (1,522.8) | (1,398.4) | (1,274.4) | Ìý |
SALES MARGIN | 202.0 | 261.6 | 284.5 | 61.5 | 116.1 | 157.8 | 144.7 | 49.0 | 809.6 | 467.6 | 280.1 | Ìý |
Selling, general and administrative expenses | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (116.8) | (102.9) | (115.8) | Ìý |
Miscellaneous - net | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (19.6) | 25.5 | (33.6) | Ìý |
Operating Expenses | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (136.4) | (77.4) | (149.4) | Ìý |
OPERATING INCOME | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 673.2 | 390.2 | 130.7 | Ìý |
Interest expense, net | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (118.9) | (126.8) | (193.9) | Ìý |
Gain (loss) on extinguishment of debt | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (6.8) | (165.4) | 166.3 | Ìý |
Other non-operating income | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 17.2 | 10.2 | 7.3 | Ìý |
TOTAL OTHER INCOME (EXPENSE) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (108.5) | (282.0) | (20.3) | Ìý |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 564.7 | 108.2 | 110.4 | Ìý |
Income Tax Expense (Benefit) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (475.2) | (252.4) | (12.2) | Ìý |
Income (loss) from continuing operations | Ìý | Ìý | Ìý | Ìý | 333.0 | 22.3 | 83.8 | (78.5) | 1,039.9 | 360.6 | 122.6 | Ìý |
INCOME FROM DISCONTINUED OPERATIONS, net of tax | (14.6) | 238.0 | (64.3) | (70.9) | (23.1) | 30.6 | (53.7) | 48.7 | 88.2 | 2.5 | 76.7 | Ìý |
INCOME FROM DISCONTINUED OPERATIONS, net of tax | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 88.2 | 2.5 | 76.7 | Ìý |
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ 609.5 | $ 437.8 | $ 165.1 | $ (84.3) | $ 309.9 | $ 53.4 | $ 31.8 | $ (28.1) | $ 1,128.1 | $ 367.0 | $ 174.1 | Ìý |
Continuing operations | $ 2.11 | $ 0.67 | $ 0.77 | $ (0.05) | $ 1.12 | $ 0.08 | $ 0.28 | $ (0.29) | $ 3.50 | $ 1.27 | $ 0.49 | Ìý |
Discontinued operations | (0.05) | 0.80 | (0.22) | (0.24) | (0.08) | 0.10 | (0.18) | 0.18 | 0.30 | 0.01 | 0.39 | Ìý |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: | 2.06 | 1.47 | 0.55 | (0.29) | 1.04 | 0.18 | 0.10 | (0.11) | 3.80 | 1.28 | 0.88 | Ìý |
Continuing operations | 2.03 | 0.64 | 0.76 | (0.05) | 1.11 | 0.08 | 0.28 | (0.29) | 3.42 | 1.25 | 0.49 | Ìý |
Discontinued operations | (0.05) | 0.77 | (0.21) | (0.24) | (0.08) | 0.10 | (0.18) | 0.18 | 0.29 | 0.01 | 0.38 | Ìý |
Earnings per common share attributable to Cliffs common shareholders - diluted: | $ 1.98 | $ 1.41 | $ 0.55 | $ (0.29) | $ 1.03 | $ 0.18 | $ 0.10 | $ (0.11) | $ 3.71 | $ 1.26 | $ 0.87 | Ìý |
Basic | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 297.2 | 288.4 | 197.7 | Ìý |
Diluted | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 304.1 | 293.0 | 200.1 | Ìý |
Cash and cash equivalents | $ 823.2 | Ìý | Ìý | Ìý | $ 978.3 | Ìý | Ìý | Ìý | $ 823.2 | $ 978.3 | Ìý | $ 978.3 |
Accounts receivable, net | 226.7 | Ìý | Ìý | Ìý | 106.7 | Ìý | Ìý | Ìý | 226.7 | 106.7 | Ìý | 183.3 |
Inventories | 87.9 | Ìý | Ìý | Ìý | 138.4 | Ìý | Ìý | Ìý | 87.9 | 138.4 | Ìý | 87.0 |
Supplies and other inventories | 93.2 | Ìý | Ìý | Ìý | 88.8 | Ìý | Ìý | Ìý | 93.2 | 88.8 | Ìý | 88.8 |
Derivative assets | 91.5 | Ìý | Ìý | Ìý | 37.9 | Ìý | Ìý | Ìý | 91.5 | 37.9 | Ìý | 49.5 |
Income tax receivable, current | 117.3 | Ìý | Ìý | Ìý | 13.3 | Ìý | Ìý | Ìý | 117.3 | 13.3 | Ìý | 13.3 |
Current assets of discontinued operations | 12.4 | Ìý | Ìý | Ìý | 118.5 | Ìý | Ìý | Ìý | 12.4 | 118.5 | Ìý | 118.5 |
Other current assets | 27.4 | Ìý | Ìý | Ìý | 11.1 | Ìý | Ìý | Ìý | 27.4 | 11.1 | Ìý | 11.1 |
TOTAL CURRENT ASSETS | 1,479.6 | Ìý | Ìý | Ìý | 1,544.6 | Ìý | Ìý | Ìý | 1,479.6 | 1,544.6 | Ìý | 1,581.4 |
PROPERTY, PLANT AND EQUIPMENT, NET | 1,286.0 | Ìý | Ìý | Ìý | 1,033.8 | Ìý | Ìý | Ìý | 1,286.0 | 1,033.8 | Ìý | 1,033.8 |
Deposits for property, plant and equipment | 83.0 | Ìý | Ìý | Ìý | 17.8 | Ìý | Ìý | Ìý | 83.0 | 17.8 | Ìý | 17.8 |
Income tax receivable, non-current | 121.3 | Ìý | Ìý | Ìý | 235.3 | Ìý | Ìý | Ìý | 121.3 | 235.3 | Ìý | 235.3 |
Deferred income taxes | 464.8 | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý | 464.8 | 0.0 | Ìý | Ìý |
Other non-current assets | 94.9 | Ìý | Ìý | Ìý | 101.6 | Ìý | Ìý | Ìý | 94.9 | 101.6 | Ìý | 101.6 |
TOTAL OTHER ASSETS | 764.0 | Ìý | Ìý | Ìý | 375.0 | Ìý | Ìý | Ìý | 764.0 | 375.0 | Ìý | 375.0 |
TOTAL ASSETS | 3,529.6 | Ìý | Ìý | Ìý | 2,953.4 | Ìý | Ìý | Ìý | 3,529.6 | 2,953.4 | $ 1,923.9 | 2,990.2 |
Accounts payable | 186.8 | Ìý | Ìý | Ìý | 99.5 | Ìý | Ìý | Ìý | 186.8 | 99.5 | Ìý | 100.9 |
Accrued employment costs | 74.0 | Ìý | Ìý | Ìý | 52.7 | Ìý | Ìý | Ìý | 74.0 | 52.7 | Ìý | 52.7 |
State and local taxes payable | 35.5 | Ìý | Ìý | Ìý | 30.2 | Ìý | Ìý | Ìý | 35.5 | 30.2 | Ìý | 30.2 |
Accrued interest | 38.4 | Ìý | Ìý | Ìý | 31.4 | Ìý | Ìý | Ìý | 38.4 | 31.4 | Ìý | 31.4 |
Partnership distribution payable | 43.5 | Ìý | Ìý | Ìý | 44.2 | Ìý | Ìý | Ìý | 43.5 | 44.2 | Ìý | 44.2 |
Current liabilities of discontinued operations | 6.7 | Ìý | Ìý | Ìý | 75.0 | Ìý | Ìý | Ìý | 6.7 | 75.0 | Ìý | 75.0 |
Other current liabilities | 83.3 | Ìý | Ìý | Ìý | 63.6 | Ìý | Ìý | Ìý | 83.3 | 63.6 | Ìý | 65.0 |
TOTAL CURRENT LIABILITIES | 468.2 | Ìý | Ìý | Ìý | 452.2 | Ìý | Ìý | Ìý | 468.2 | 452.2 | Ìý | 455.0 |
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES | 248.7 | Ìý | Ìý | Ìý | 257.7 | Ìý | Ìý | Ìý | 248.7 | 257.7 | Ìý | 257.7 |
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS | 172.0 | Ìý | Ìý | Ìý | 167.7 | Ìý | Ìý | Ìý | 172.0 | 167.7 | Ìý | 167.7 |
LONG-TERM DEBT | 2,092.9 | Ìý | Ìý | Ìý | 2,304.2 | Ìý | Ìý | Ìý | 2,092.9 | 2,304.2 | Ìý | 2,304.2 |
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS | 8.3 | Ìý | Ìý | Ìý | 52.2 | Ìý | Ìý | Ìý | 8.3 | 52.2 | Ìý | 52.2 |
OTHER LIABILITIES | 115.3 | Ìý | Ìý | Ìý | 163.5 | Ìý | Ìý | Ìý | 115.3 | 163.5 | Ìý | 163.5 |
TOTAL LIABILITIES | 3,105.4 | Ìý | Ìý | Ìý | 3,397.5 | Ìý | Ìý | Ìý | 3,105.4 | 3,397.5 | Ìý | 3,400.3 |
TOTAL CLIFFS SHAREHOLDERS' EQUITY (DEFICIT) | 424.2 | Ìý | Ìý | Ìý | (444.3) | Ìý | Ìý | Ìý | 424.2 | (444.3) | Ìý | (410.3) |
TOTAL LIABILITIES AND EQUITY (DEFICIT) | 3,529.6 | Ìý | Ìý | Ìý | $ 2,953.4 | Ìý | Ìý | Ìý | 3,529.6 | $ 2,953.4 | Ìý | 2,990.2 |
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý |
Product revenues | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 2,108.1 | Ìý | Ìý | Ìý |
Freight and Reimbursement Revenue | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 156.2 | Ìý | Ìý | Ìý |
Revenues | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 2,264.3 | Ìý | Ìý | Ìý |
Cost of Goods and Services Sold | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (1,513.2) | Ìý | Ìý | Ìý |
SALES MARGIN | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 751.1 | Ìý | Ìý | Ìý |
Selling, general and administrative expenses | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (116.8) | Ìý | Ìý | Ìý |
Miscellaneous - net | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (19.6) | Ìý | Ìý | Ìý |
Operating Expenses | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (136.4) | Ìý | Ìý | Ìý |
OPERATING INCOME | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 614.7 | Ìý | Ìý | Ìý |
Interest expense, net | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (118.9) | Ìý | Ìý | Ìý |
Gain (loss) on extinguishment of debt | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (6.8) | Ìý | Ìý | Ìý |
Other non-operating income | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 17.2 | Ìý | Ìý | Ìý |
TOTAL OTHER INCOME (EXPENSE) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (108.5) | Ìý | Ìý | Ìý |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 506.2 | Ìý | Ìý | Ìý |
Income Tax Expense (Benefit) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (487.5) | Ìý | Ìý | Ìý |
Income (loss) from continuing operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 993.7 | Ìý | Ìý | Ìý |
INCOME FROM DISCONTINUED OPERATIONS, net of tax | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 88.2 | Ìý | Ìý | Ìý |
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 1,081.9 | Ìý | Ìý | Ìý |
Continuing operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 3.34 | Ìý | Ìý | Ìý |
Discontinued operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.30 | Ìý | Ìý | Ìý |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 3.64 | Ìý | Ìý | Ìý |
Continuing operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 3.27 | Ìý | Ìý | Ìý |
Discontinued operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.29 | Ìý | Ìý | Ìý |
Earnings per common share attributable to Cliffs common shareholders - diluted: | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 3.56 | Ìý | Ìý | Ìý |
Basic | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 297.2 | Ìý | Ìý | Ìý |
Diluted | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 304.1 | Ìý | Ìý | Ìý |
Cash and cash equivalents | 823.2 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 823.2 | Ìý | Ìý | Ìý |
Accounts receivable, net | 108.7 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 108.7 | Ìý | Ìý | Ìý |
Inventories | 141.3 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 141.3 | Ìý | Ìý | Ìý |
Supplies and other inventories | 93.2 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 93.2 | Ìý | Ìý | Ìý |
Derivative assets | 60.7 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 60.7 | Ìý | Ìý | Ìý |
Income tax receivable, current | 117.3 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 117.3 | Ìý | Ìý | Ìý |
Current assets of discontinued operations | 12.4 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 12.4 | Ìý | Ìý | Ìý |
Other current assets | 27.4 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 27.4 | Ìý | Ìý | Ìý |
TOTAL CURRENT ASSETS | 1,384.2 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 1,384.2 | Ìý | Ìý | Ìý |
PROPERTY, PLANT AND EQUIPMENT, NET | 1,286.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 1,286.0 | Ìý | Ìý | Ìý |
Deposits for property, plant and equipment | 83.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 83.0 | Ìý | Ìý | Ìý |
Income tax receivable, non-current | 121.3 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 121.3 | Ìý | Ìý | Ìý |
Deferred income taxes | 477.1 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 477.1 | Ìý | Ìý | Ìý |
Other non-current assets | 94.9 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 94.9 | Ìý | Ìý | Ìý |
TOTAL OTHER ASSETS | 776.3 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 776.3 | Ìý | Ìý | Ìý |
TOTAL ASSETS | 3,446.5 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 3,446.5 | Ìý | Ìý | Ìý |
Accounts payable | 184.9 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 184.9 | Ìý | Ìý | Ìý |
Accrued employment costs | 74.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 74.0 | Ìý | Ìý | Ìý |
State and local taxes payable | 35.5 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 35.5 | Ìý | Ìý | Ìý |
Accrued interest | 38.4 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 38.4 | Ìý | Ìý | Ìý |
Partnership distribution payable | 43.5 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 43.5 | Ìý | Ìý | Ìý |
Current liabilities of discontinued operations | 6.7 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 6.7 | Ìý | Ìý | Ìý |
Other current liabilities | 83.7 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 83.7 | Ìý | Ìý | Ìý |
TOTAL CURRENT LIABILITIES | 466.7 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 466.7 | Ìý | Ìý | Ìý |
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES | 248.7 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 248.7 | Ìý | Ìý | Ìý |
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS | 172.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 172.0 | Ìý | Ìý | Ìý |
LONG-TERM DEBT | 2,092.9 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 2,092.9 | Ìý | Ìý | Ìý |
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS | 8.3 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 8.3 | Ìý | Ìý | Ìý |
OTHER LIABILITIES | 115.3 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 115.3 | Ìý | Ìý | Ìý |
TOTAL LIABILITIES | 3,103.9 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 3,103.9 | Ìý | Ìý | Ìý |
TOTAL CLIFFS SHAREHOLDERS' EQUITY (DEFICIT) | 342.6 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 342.6 | Ìý | Ìý | Ìý |
TOTAL LIABILITIES AND EQUITY (DEFICIT) | 3,446.5 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 3,446.5 | Ìý | Ìý | Ìý |
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý |
Product revenues | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 64.2 | Ìý | Ìý | Ìý |
Freight and Reimbursement Revenue | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 3.9 | Ìý | Ìý | Ìý |
Revenues | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 68.1 | Ìý | Ìý | Ìý |
Cost of Goods and Services Sold | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (9.6) | Ìý | Ìý | Ìý |
SALES MARGIN | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 58.5 | Ìý | Ìý | Ìý |
Selling, general and administrative expenses | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
Miscellaneous - net | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
Operating Expenses | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
OPERATING INCOME | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 58.5 | Ìý | Ìý | Ìý |
Interest expense, net | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
Gain (loss) on extinguishment of debt | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
Other non-operating income | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
TOTAL OTHER INCOME (EXPENSE) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 58.5 | Ìý | Ìý | Ìý |
Income Tax Expense (Benefit) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 12.3 | Ìý | Ìý | Ìý |
Income (loss) from continuing operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 46.2 | Ìý | Ìý | Ìý |
INCOME FROM DISCONTINUED OPERATIONS, net of tax | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | Ìý |
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 46.2 | Ìý | Ìý | Ìý |
Continuing operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 0.16 | Ìý | Ìý | Ìý |
Discontinued operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.00 | Ìý | Ìý | Ìý |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.16 | Ìý | Ìý | Ìý |
Continuing operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.15 | Ìý | Ìý | Ìý |
Discontinued operations | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.00 | Ìý | Ìý | Ìý |
Earnings per common share attributable to Cliffs common shareholders - diluted: | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 0.15 | Ìý | Ìý | Ìý |
Cash and cash equivalents | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 0.0 | Ìý | Ìý | 0.0 |
Accounts receivable, net | 118.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 118.0 | Ìý | Ìý | 76.6 |
Inventories | (53.4) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (53.4) | Ìý | Ìý | (51.4) |
Supplies and other inventories | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Derivative assets | 30.8 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 30.8 | Ìý | Ìý | 11.6 |
Income tax receivable, current | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Current assets of discontinued operations | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Other current assets | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
TOTAL CURRENT ASSETS | 95.4 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 95.4 | Ìý | Ìý | 36.8 |
PROPERTY, PLANT AND EQUIPMENT, NET | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Deposits for property, plant and equipment | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Income tax receivable, non-current | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Deferred income taxes | (12.3) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (12.3) | Ìý | Ìý | Ìý |
Other non-current assets | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
TOTAL OTHER ASSETS | (12.3) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (12.3) | Ìý | Ìý | 0.0 |
TOTAL ASSETS | 83.1 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 83.1 | Ìý | Ìý | 36.8 |
Accounts payable | 1.9 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 1.9 | Ìý | Ìý | 1.4 |
Accrued employment costs | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
State and local taxes payable | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Accrued interest | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Partnership distribution payable | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Current liabilities of discontinued operations | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
Other current liabilities | (0.4) | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | (0.4) | Ìý | Ìý | 1.4 |
TOTAL CURRENT LIABILITIES | 1.5 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 1.5 | Ìý | Ìý | 2.8 |
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
LONG-TERM DEBT | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
OTHER LIABILITIES | 0.0 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 0.0 | Ìý | Ìý | 0.0 |
TOTAL LIABILITIES | 1.5 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 1.5 | Ìý | Ìý | 2.8 |
TOTAL CLIFFS SHAREHOLDERS' EQUITY (DEFICIT) | 81.6 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | 81.6 | Ìý | Ìý | 34.0 |
TOTAL LIABILITIES AND EQUITY (DEFICIT) | $ 83.1 | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | Ìý | $ 83.1 | Ìý | Ìý | $ 36.8 |