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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Operations

v3.21.1
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract] Ìý Ìý
Revenues $ 4,049.0 $ 359.0
Operating costs: Ìý Ìý
Cost of goods sold (3,761.0) (356.0)
Selling, general and administrative expenses (95.0) (28.0)
Acquisition-related costs (13.0) (42.0)
Miscellaneous – net (3.0) (12.0)
Total operating costs (3,872.0) (438.0)
Operating income (loss) 177.0 (79.0)
Other income (expense): Ìý Ìý
Interest expense, net (92.0) (31.0)
Gain (loss) on extinguishment of debt (66.0) 3.0
Net periodic benefit credits other than service cost component 47.0 6.0
Total other expense (111.0) (22.0)
Income (loss) from continuing operations before income taxes 66.0 (101.0)
Income tax benefit (expense) (9.0) 51.0
Income (loss) from continuing operations 57.0 (50.0)
Income from discontinued operations, net of tax 0.0 1.0
Net income (loss) 57.0 (49.0)
Income attributable to noncontrolling interest (16.0) (3.0)
Net income (loss) attributable to Cliffs shareholders $ 41.0 $ (52.0)
Earnings (loss) per common share attributable to Cliffs shareholders - basic Ìý Ìý
Continuing operations (in dollars per share) $ 0.08 $ (0.18)
Discontinued operations (in dollars per share) 0 0
Earnings (Loss) per Common Share - Basic (in dollars per share) 0.08 (0.18)
Earnings (loss) per common share attributable to Cliffs shareholders - diluted Ìý Ìý
Continuing operations (in dollars per share) 0.07 (0.18)
Discontinued operations (in dollars per share) 0 0
Earnings (Loss) per Common Share - Diluted (in dollars per share) $ 0.07 $ (0.18)