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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE - Earnings Per Share Computation (Details)

v3.23.2
EARNINGS PER SHARE - Earnings Per Share Computation (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Earnings Per Share [Abstract] Ìý Ìý Ìý Ìý
Income from continuing operations $ 356 $ 600 $ 313 $ 1,413
Income attributable to noncontrolling interest (9) (5) (24) (18)
Net income from continuing operations attributable to Cliffs shareholders 347 595 289 1,395
Income from discontinued operations, net of tax 0 1 1 2
Net income attributable to Cliffs shareholders $ 347 $ 596 $ 290 $ 1,397
Weighted average number of shares: Ìý Ìý Ìý Ìý
Basic (in shares) 513 523 514 522
Convertible senior notes (in shares) 0 0 0 4
Employee stock plans (in shares) 1 3 1 3
Diluted (in shares) 514 526 515 529
Earnings per common share attributable to Cliffs shareholders - basic: Ìý Ìý Ìý Ìý
Continuing operations (in dollars per share) $ 0.68 $ 1.14 $ 0.56 $ 2.67
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per Common Share - Basic (in dollars per share) 0.68 1.14 0.56 2.67
Earnings per common share attributable to Cliffs shareholders - diluted: Ìý Ìý Ìý Ìý
Continuing operations (in dollars per share) 0.67 1.13 0.56 2.64
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per Common Share - Diluted (in dollars per share) $ 0.67 $ 1.13 $ 0.56 $ 2.64