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Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

v3.19.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract] Ìý
Comprehensive Income (Loss) Note [Text Block]
NOTE 16 - ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables reflect the changes in Accumulated other comprehensive loss related to shareholders’ equity (deficit):
Ìý
(In Millions)
Ìý
Postretirement Benefit Liability, net of tax
Ìý
Derivative Financial Instruments, net of tax
Ìý
Accumulated Other Comprehensive Loss
DecemberÌý31, 2018
$
(281.1
)
Ìý
$
(2.8
)
Ìý
$
(283.9
)
Other comprehensive income before reclassifications
0.2

Ìý
2.5

Ìý
2.7

Net loss reclassified from accumulated other comprehensive loss
5.5

Ìý
0.2

Ìý
5.7

March 31, 2019
$
(275.4
)
Ìý
$
(0.1
)
Ìý
$
(275.5
)
Ìý
(In Millions)
Ìý
Postretirement Benefit Liability, net of tax
Ìý
Foreign Currency Translation
Ìý
Derivative Financial Instruments, net of tax
Ìý
Accumulated Other Comprehensive Loss
DecemberÌý31, 2017
$
(263.9
)
Ìý
$
225.4

Ìý
$
(0.5
)
Ìý
$
(39.0
)
Other comprehensive income before reclassifications
0.5

Ìý
0.7

Ìý
0.4

Ìý
1.6

Net loss (gain) reclassified from accumulated other comprehensive loss
6.2

Ìý
—

Ìý
(0.1
)
Ìý
6.1

March 31, 2018
$
(257.2
)
Ìý
$
226.1

Ìý
$
(0.2
)
Ìý
$
(31.3
)

The following table reflects the details about Accumulated other comprehensive loss components related to Cliffs shareholders’ equity (deficit):
Ìý
Ìý
(In Millions)
Ìý
Ìý
Details about Accumulated Other Comprehensive Loss Components
Ìý
Amount of (Gain)/Loss Reclassified into Income, Net of Tax
Ìý
Affected Line Item in the Statement of Unaudited Condensed Consolidated Operations
Ìý
Three Months Ended
March 31,
Ìý
Ìý
2019
Ìý
2018
Ìý
Amortization of pension and OPEB liability:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Prior service credits
Ìý
$
(0.2
)
Ìý
$
(0.3
)
Ìý
Other non-operating income
Net actuarial loss
Ìý
7.2

Ìý
6.5

Ìý
Other non-operating income
Ìý
Ìý
$
7.0

Ìý
$
6.2

Ìý
Ìý
Ìý
Ìý
(1.5
)
Ìý
—

Ìý
Income tax benefit (expense)
Ìý
Ìý
$
5.5

Ìý
$
6.2

Ìý
Net of taxes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Unrealized loss (gain) on derivative financial instruments:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Commodity contracts
Ìý
$
0.3

Ìý
$
(0.1
)
Ìý
Cost of goods sold
Ìý
Ìý
(0.1
)
Ìý
—

Ìý
Income tax benefit (expense)
Ìý
Ìý
$
0.2

Ìý
$
(0.1
)
Ìý
Net of taxes
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Total reclassifications for the period, net of tax
Ìý
$
5.7

Ìý
$
6.1

Ìý
Ìý