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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Financial Position

v3.21.1
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets: Ìý Ìý
Cash and cash equivalents $ 110 $ 112
Accounts receivable, net 1,659 1,169
Inventories 3,932 3,828
Other current assets 160 189
Total current assets 5,861 5,298
Non-current assets: Ìý Ìý
Property, plant and equipment, net 9,014 8,743
Goodwill 994 1,406
Deferred income taxes 562 537
Other non-current assets 784 787
TOTAL ASSETS 17,215 16,771
Current liabilities: Ìý Ìý
Accounts payable 1,743 1,575
Accrued employment costs 465 460
Pension and OPEB liabilities, current 151 151
Other current liabilities 574 743
Total current liabilities 2,933 2,929
Non-current liabilities: Ìý Ìý
Long-term debt 5,734 5,390
Pension and OPEB liabilities, non-current 3,916 4,113
Other non-current liabilities 1,175 1,260
TOTAL LIABILITIES 13,758 13,692
Commitments and contingencies (See Note 18)
Series B Participating Redeemable Preferred Stock - no par value 738 738
SHAREHOLDERS' EQUITY Ìý Ìý
Common shares - par value $0.125 per share, Authorized - 600,000,000 shares (2020 - 600,000,000 shares); Issued - 506,832,537 shares (2020 -506,832,537 shares); Outstanding - 499,214,434 shares (2020 - 477,517,372 shares) 63 63
Capital in excess of par value of shares 5,487 5,431
Retained deficit (2,948) (2,989)
Cost of 7,618,103 common shares in treasury (2020 - 29,315,165 shares) (93) (354)
Accumulated other comprehensive loss (120) (133)
Total Cliffs shareholders' equity 2,389 2,018
Noncontrolling interest 330 323
TOTAL EQUITY 2,719 2,341
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY $ 17,215 $ 16,771
Series B Participating Redeemable Preferred Stock, issued (in shares) 583,273 583,273
Series B Participating Redeemable Preferred Stock, authorized (in shares) 583,273 583,273
Series B Participating Redeemable Preferred Stock, outstanding (in shares) 583,273 583,273