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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE - Earnings Per Share Computation (Details)

v3.22.2.2
EARNINGS PER SHARE - Earnings Per Share Computation (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Earnings Per Share [Abstract] Ìý Ìý Ìý Ìý
Income from continuing operations $ 165 $ 1,281 $ 1,578 $ 2,132
Income attributable to noncontrolling interest (13) (8) (31) (39)
Net income from continuing operations attributable to Cliffs shareholders 152 1,273 1,547 2,093
Income from discontinued operations, net of tax 0 1 2 2
Net income attributable to Cliffs shareholders $ 152 $ 1,274 $ 1,549 $ 2,095
Weighted average number of shares: Ìý Ìý Ìý Ìý
Basic (in shares) 516 500 520 497
Redeemable preferred shares (in shares) 0 17 0 44
Convertible senior notes (in shares) 0 24 2 21
Employee stock plans (in shares) 3 6 4 5
Diluted (in shares) 519 547 526 567
Earnings per common share attributable to Cliffs shareholders - basic: Ìý Ìý Ìý Ìý
Continuing operations (in dollars per share) $ 0.30 $ 2.46 $ 2.98 $ 3.87
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per Common Share - Basic (in dollars per share) 0.30 2.46 2.98 3.87
Earnings per common share attributable to Cliffs shareholders - diluted: Ìý Ìý Ìý Ìý
Continuing operations (in dollars per share) 0.29 2.33 2.95 3.69
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per Common Share - Diluted (in dollars per share) $ 0.29 $ 2.33 $ 2.95 $ 3.69
Earnings attributed to Series B Participating Redeemable Preferred Stock Ìý $ 42 Ìý $ 172