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Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2022
Equity [Abstract] Ìý
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
NOTE 15 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following tables reflect the changes in Accumulated other comprehensive income related to Cliffs shareholders’ equity:
(In Millions)
Three Months Ended
March 31,
2022 2021
Foreign Currency Translation
Beginning balance $ 1Ìý $ 3Ìý
Other comprehensive loss before reclassifications —Ìý (1)
Ending balance $ 1Ìý $ 2Ìý
Derivative Instruments
Beginning balance $ 68Ìý $ (1)
Other comprehensive income before reclassifications 168Ìý 10Ìý
Income tax (39) (2)
Other comprehensive income before reclassifications, net of tax 129Ìý 8Ìý
Gains reclassified from AOCI to net income1
(42) (1)
Income tax expense2
9Ìý —Ìý
Net gains reclassified from AOCI to net income (33) (1)
Ending balance $ 164Ìý $ 6Ìý
Pension and OPEB
Beginning balance $ 549Ìý $ (135)
Net actuarial loss reclassified from AOCI to net income3
1Ìý 9Ìý
Income tax benefit2
—Ìý (2)
Net losses reclassified from AOCI to net income 1Ìý 7Ìý
Ending balance $ 550Ìý $ (128)
Total AOCI Ending Balance $ 715Ìý $ (120)
1 Amounts recognized in Cost of goods sold in the Statements of Unaudited Condensed Consolidated Operations.
2 Amounts recognized in Income tax expense in the Statements of Unaudited Condensed Consolidated Operations.
3 Amounts recognized in Net periodic benefit credits other than service cost component in the Statements of Unaudited Condensed Consolidated Operations.