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Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY Shareholders' Equity (Tables)

v3.7.0.1
SHAREHOLDERS' EQUITY Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2017
Equity [Abstract] Ìý
Schedule of Stockholders Equity
The following table reflects the changes in shareholders' deficit attributable to both Cliffs and the noncontrolling interests primarily related to Tilden and Empire of which Cliffs owns 85% and 79%, respectively, for the three months ended MarchÌý31, 2017 and MarchÌý31, 2016:
Ìý
(In Millions)
Ìý
Cliffs
³§³ó²¹°ù±ð³ó´Ç±ô»å±ð°ù²õ’
Equity (Deficit)
Ìý
Noncontrolling
Interest (Deficit)
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
)
Ìý
(In Millions)
Ìý
Cliffs
³§³ó²¹°ù±ð³ó´Ç±ô»å±ð°ù²õ’
Equity (Deficit)
Ìý
Noncontrolling
Interest (Deficit)
Ìý
Total Equity (Deficit)
December 31, 2015
$
(1,981.4
)
Ìý
$
169.8

Ìý
$
(1,811.6
)
Comprehensive income
Ìý
Ìý
Ìý
Ìý
Ìý
Net income
108.0

Ìý
8.8

Ìý
116.8

Other comprehensive income
5.7

Ìý
0.6

Ìý
6.3

Total comprehensive income
113.7

Ìý
9.4

Ìý
123.1

Issuance of common shares
5.4

Ìý
—

Ìý
5.4

Stock and other incentive plans
2.9

Ìý
—

Ìý
2.9

Distributions of partnership equity
—

Ìý
(17.0
)
Ìý
(17.0
)
Undistributed losses to noncontrolling interest
—

Ìý
0.5

Ìý
0.5

March 31, 2016
$
(1,859.4
)
Ìý
$
162.7

Ìý
$
(1,696.7
)
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table reflects the changes in Accumulated other comprehensive income (loss) related to Cliffs shareholders’ deficit for MarchÌý31, 2017 and MarchÌý31, 2016:
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 Income (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 income (loss)
6.4

Ìý
—

Ìý
6.4

March 31, 2017
$
(250.9
)
Ìý
$
226.6

Ìý
$
(24.3
)
Ìý
(In Millions)
Ìý
Changes in Pension and Other Post-Retirement Benefits, net of tax
Ìý
Unrealized Net Gain (Loss) on Securities, net of tax
Ìý
Unrealized Net Gain (Loss) on Foreign Currency Translation
Ìý
Net Unrealized Gain (Loss) on Derivative Financial Instruments, net of tax
Ìý
Accumulated Other Comprehensive Income (Loss)
December 31, 2015
$
(241.4
)
Ìý
$
0.1

Ìý
$
220.7

Ìý
$
2.6

Ìý
$
(18.0
)
Other comprehensive income (loss) before reclassifications
(1.5
)
Ìý
(0.1
)
Ìý
4.4

Ìý
(3.4
)
Ìý
(0.6
)
Net loss (gain) reclassified from accumulated other comprehensive income (loss)
6.3

Ìý
—

Ìý
—

Ìý
—

Ìý
6.3

March 31, 2016
$
(236.6
)
Ìý
$
—

Ìý
$
225.1

Ìý
$
(0.8
)
Ìý
$
(12.3
)
Details of Accumulated Other Comprehensive Income (Loss) Components

The following table reflects the details about Accumulated other comprehensive income (loss) components related to Cliffs shareholders’ deficit for the three months ended MarchÌý31, 2017:
Ìý
Ìý
(In Millions)
Ìý
Ìý
Details about Accumulated Other Comprehensive Income (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
2017
Ìý
2016
Ìý
Amortization of pension and postretirement benefit liability:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Prior service credits1
Ìý
$
(0.1
)
Ìý
$
(0.4
)
Ìý
Ìý
Net actuarial loss1
Ìý
6.5

Ìý
6.7

Ìý
Ìý
Total before taxes
Ìý
6.4

Ìý
6.3

Ìý
Ìý
Ìý
Ìý
—

Ìý
—

Ìý
Income tax benefit (expense)
Total reclassifications for the period, net of tax
Ìý
$
6.4

Ìý
$
6.3

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
1ÌýThese accumulated other comprehensive income components are included in the computation of net periodic benefit cost (credit). See NOTE 7 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS for further information.