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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Financial Position

v3.22.2
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets: Ìý Ìý
Cash and cash equivalents $ 47 $ 48
Accounts receivable, net 2,571 2,154
Inventories 5,784 5,188
Other current assets 366 263
Total current assets 8,768 7,653
Non-current assets: Ìý Ìý
Property, plant and equipment, net 9,047 9,186
Goodwill 1,149 1,116
Other non-current assets 1,075 1,020
TOTAL ASSETS 20,039 18,975
Current liabilities: Ìý Ìý
Accounts payable 2,594 2,073
Accrued employment costs 536 585
Other current liabilities 857 903
Total current liabilities 3,987 3,561
Non-current liabilities: Ìý Ìý
Long-term debt 4,668 5,238
Pension liability, non-current 527 578
OPEB liability, non-current 2,314 2,383
Other non-current liabilities 1,549 1,441
TOTAL LIABILITIES 13,045 13,201
Commitments and contingencies (See Note 18)
SHAREHOLDERS' EQUITY Ìý Ìý
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) 66 63
Capital in excess of par value of shares 4,855 4,892
Retained earnings (deficit) 1,396 (1)
Cost of 13,758,379 common shares in treasury (2021 - 6,673,582 shares) (246) (82)
Accumulated other comprehensive income 658 618
Total Cliffs shareholders' equity 6,729 5,490
Noncontrolling interest 265 284
TOTAL EQUITY 6,994 5,774
TOTAL LIABILITIES AND EQUITY $ 20,039 $ 18,975