2019 Q2 Form 10-Q Financial Statement

#000076406519000134 Filed on July 19, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q4 2018 Q2
Revenue $743.2M $696.3M $714.3M
YoY Change 4.05% 36.05% 51.56%
Cost Of Revenue $480.2M $493.3M $429.8M
YoY Change 11.73% 25.46% 31.6%
Gross Profit $263.0M $202.0M $284.5M
YoY Change -7.56% 73.99% 96.61%
Gross Profit Margin 35.39% 29.01% 39.83%
Selling, General & Admin $29.40M $35.40M $26.20M
YoY Change 12.21% 29.2% -1.5%
% of Gross Profit 11.18% 17.52% 9.21%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.90M $20.40M $25.50M
YoY Change -18.04% -4.67% 18.06%
% of Gross Profit 7.95% 10.1% 8.96%
Operating Expenses $36.20M $39.60M $30.30M
YoY Change 19.47% 382.93% 2.71%
Operating Profit $226.8M $162.4M $254.2M
YoY Change -10.78% 50.51% 120.66%
Interest Expense -$26.10M -$26.00M -$31.30M
YoY Change -16.61% 3.17% 5.74%
% of Operating Profit -11.51% -16.01% -12.31%
Other Income/Expense, Net -$43.40M $4.100M -$26.60M
YoY Change 63.16% 57.69% -18.15%
Pretax Income $183.4M $134.5M $227.6M
YoY Change -19.42% 53.19% 175.21%
Income Tax $22.00M -$489.6M -$1.800M
% Of Pretax Income 12.0% -364.01% -0.79%
Net Earnings $160.8M $609.5M $165.1M
YoY Change -2.6% 96.68% 419.18%
Net Earnings / Revenue 21.64% 87.53% 23.11%
Basic Earnings Per Share $0.59 $2.06 $0.55
Diluted Earnings Per Share $0.57 $1.98 $0.55
COMMON SHARES
Basic Shares Outstanding 275.8M shares 298.0M shares 297.6M shares
Diluted Shares Outstanding 285.5M shares 301.3M shares

Balance Sheet

Concept 2019 Q2 2018 Q4 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $377.0M $823.0M $803.0M
YoY Change -53.05% -15.85% 149.38%
Cash & Equivalents $377.2M $823.2M $802.5M
Short-Term Investments
Other Short-Term Assets $42.30M $39.80M $26.80M
YoY Change 57.84% 258.56% -69.82%
Inventory $219.0M $181.1M $256.4M
Prepaid Expenses
Receivables $193.1M $226.7M $152.6M
Other Receivables $59.00M $117.0M $0.00
Total Short-Term Assets $1.119B $1.480B $1.547B
YoY Change -27.64% -4.21% 70.31%
LONG-TERM ASSETS
Property, Plant & Equipment $1.597B $1.286B $1.081B
YoY Change 47.72% 24.4% 8.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $118.3M $177.9M $117.7M
YoY Change 0.51% 75.1% -4.07%
Total Long-Term Assets $2.274B $2.050B $1.505B
YoY Change 51.12% 45.51% 34.12%
TOTAL ASSETS
Total Short-Term Assets $1.119B $1.480B $1.547B
Total Long-Term Assets $2.274B $2.050B $1.505B
Total Assets $3.393B $3.530B $3.052B
YoY Change 11.2% 19.51% 50.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $188.1M $186.8M $119.0M
YoY Change 58.07% 87.74% 6.54%
Accrued Expenses $90.00M $158.9M $85.10M
YoY Change 5.76% 100.88% -24.56%
Deferred Revenue $15.50M $21.00M
YoY Change -11.76%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $437.4M $468.2M $474.9M
YoY Change -7.9% 3.54% 14.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.105B $2.093B $2.297B
YoY Change -8.38% -9.17% 42.51%
Other Long-Term Liabilities $149.7M $123.6M $158.3M
YoY Change -5.43% -24.4% -18.28%
Total Long-Term Liabilities $2.254B $2.217B $2.455B
YoY Change -8.19% -10.18% 35.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $437.4M $468.2M $474.9M
Total Long-Term Liabilities $2.254B $2.217B $2.455B
Total Liabilities $3.108B $3.105B $3.358B
YoY Change -7.45% -8.6% 24.51%
SHAREHOLDERS EQUITY
Retained Earnings -$2.953B -$3.060B -$4.093B
YoY Change -27.85% -27.26% -10.46%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $391.3M $186.1M $147.5M
YoY Change 165.29% 9.73% -37.63%
Treasury Stock Shares 3.879M shares 9.275M shares 4.040M shares
Shareholders Equity $285.6M $424.2M -$306.3M
YoY Change
Total Liabilities & Shareholders Equity $3.393B $3.530B $3.052B
YoY Change 11.2% 19.51% 50.31%

Cashflow Statement

Concept 2019 Q2 2018 Q4 2018 Q2
OPERATING ACTIVITIES
Net Income $160.8M $609.5M $165.1M
YoY Change -2.6% 96.68% 419.18%
Depreciation, Depletion And Amortization $20.90M $20.40M $25.50M
YoY Change -18.04% -4.67% 18.06%
Cash From Operating Activities $263.9M $293.0M $93.60M
YoY Change 181.94% 115.92% 78.63%
INVESTING ACTIVITIES
Capital Expenditures -$161.7M -$97.20M -$29.70M
YoY Change 444.44% 34.63% 81.1%
Acquisitions
YoY Change
Other Investing Activities -$5.100M -$2.200M $1.300M
YoY Change -492.31% -466.67% -128.89%
Cash From Investing Activities -$166.8M -$99.40M -$28.40M
YoY Change 487.32% 38.83% 35.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -150.1M -267.5M -18.70M
YoY Change 702.67% -138.91% -60.04%
NET CHANGE
Cash From Operating Activities 263.9M 293.0M 93.60M
Cash From Investing Activities -166.8M -99.40M -28.40M
Cash From Financing Activities -150.1M -267.5M -18.70M
Net Change In Cash -53.00M -73.90M 46.50M
YoY Change -213.98% -109.83% -403.92%
FREE CASH FLOW
Cash From Operating Activities $263.9M $293.0M $93.60M
Capital Expenditures -$161.7M -$97.20M -$29.70M
Free Cash Flow $425.6M $390.2M $123.3M
YoY Change 245.17% 87.69% 79.22%

Facts In Submission

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EarningsPerShareBasic
0.55
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.76
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.47
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.72
CY2019Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2018Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.21
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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-0.45
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.27
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
275769000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297618000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282647000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297442000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
285479000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
301275000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
293580000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
301143000 shares
CY2019Q2 us-gaap Net Income Loss
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160800000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
165100000 USD
us-gaap Net Income Loss
NetIncomeLoss
138700000 USD
us-gaap Net Income Loss
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80800000 USD
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CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-13400000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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2200000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2900000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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200000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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600000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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500000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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3700000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12100000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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16800000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
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164500000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
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174200000 USD
us-gaap Comprehensive Income Net Of Tax
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150800000 USD
us-gaap Comprehensive Income Net Of Tax
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97600000 USD
us-gaap Net Income Loss
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138700000 USD
us-gaap Net Income Loss
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us-gaap Depreciation Depletion And Amortization
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40900000 USD
us-gaap Depreciation Depletion And Amortization
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49400000 USD
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us-gaap Gains Losses On Extinguishment Of Debt
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200000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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27200000 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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123500000 USD
us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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131100000 USD
us-gaap Increase Decrease In Inventories
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125600000 USD
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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151100000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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42100000 USD
clf Paymentsfor Deposits On Property Plantand Equipment
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6500000 USD
clf Paymentsfor Deposits On Property Plantand Equipment
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72300000 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
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0 USD
us-gaap Proceeds From Sale Of Other Assets Investing Activities
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14600000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
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252900000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends
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28900000 USD
us-gaap Payments Of Dividends
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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720900000 USD
us-gaap Proceeds From Issuance Of Senior Long Term Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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clf Increase Decreasein Cashand Cash Equivalents Including Cash Classified Within Other Current Assets Relatedto Discontinued Operations
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us-gaap Net Cash Provided By Used In Discontinued Operations
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3200000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2018Q4 us-gaap Stockholders Equity
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CY2019Q1 us-gaap Net Income Loss
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q1 us-gaap Comprehensive Income Net Of Tax
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CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q1 us-gaap Stock Repurchased During Period Value
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CY2019Q1 us-gaap Dividends Common Stock
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CY2019Q1 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
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CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019Q2 us-gaap Stock Repurchased During Period Value
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CY2019Q2 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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34000000.0 USD
CY2018Q1 us-gaap Net Income Loss
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CY2018Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 us-gaap Net Income Loss
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2018Q2 clf Undistributed Earnings Losses Related To Noncontrolling Interests
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CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Number Of Reporting Units
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us-gaap Number Of Reporting Units
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CY2019Q2 us-gaap Revenues
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us-gaap Revenues
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900200000 USD
CY2019Q2 us-gaap Gross Profit
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us-gaap Gross Profit
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CY2019Q2 us-gaap Net Income Loss
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CY2018Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q2 clf Ebitda
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230100000 USD
CY2018Q2 clf Ebitda
EBITDA
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clf Ebitda
EBITDA
249300000 USD
clf Ebitda
EBITDA
209900000 USD
CY2019Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2018Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
0 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018Q2 us-gaap Gains Losses On Extinguishment Of Debt
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200000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Gains Losses On Extinguishment Of Debt
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200000 USD
CY2019Q2 us-gaap Severance Costs1
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CY2018Q2 us-gaap Severance Costs1
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us-gaap Severance Costs1
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us-gaap Severance Costs1
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CY2019Q2 clf Adjusted Ebitda
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248500000 USD
CY2018Q2 clf Adjusted Ebitda
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275700000 USD
clf Adjusted Ebitda
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269600000 USD
clf Adjusted Ebitda
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328000000.0 USD
CY2019Q2 clf Ebitda
EBITDA
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CY2018Q2 clf Ebitda
EBITDA
221100000 USD
clf Ebitda
EBITDA
249300000 USD
clf Ebitda
EBITDA
209900000 USD
CY2019Q2 clf Adjusted Ebitda
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248500000 USD
CY2018Q2 clf Adjusted Ebitda
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275700000 USD
clf Adjusted Ebitda
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269600000 USD
clf Adjusted Ebitda
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328000000.0 USD
CY2019Q2 clf Depreciation Depletionand Amortizationexcluding Depreciation Amortizationand Depletionexpensefor Discontinued Operations
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21000000.0 USD
CY2018Q2 clf Depreciation Depletionand Amortizationexcluding Depreciation Amortizationand Depletionexpensefor Discontinued Operations
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17000000.0 USD
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40900000 USD
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34200000 USD
CY2019Q2 us-gaap Property Plant And Equipment Additions
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191600000 USD
CY2018Q2 us-gaap Property Plant And Equipment Additions
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70400000 USD
us-gaap Property Plant And Equipment Additions
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320900000 USD
us-gaap Property Plant And Equipment Additions
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149300000 USD
CY2019Q2 us-gaap Assets
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CY2018Q4 us-gaap Assets
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CY2018Q4 us-gaap Contract With Customer Liability Current
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21000000.0 USD
CY2017Q4 us-gaap Contract With Customer Liability Current
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23800000 USD
CY2019Q2 us-gaap Contract With Customer Liability Current
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15500000 USD
CY2018Q1 us-gaap Contract With Customer Liability Current
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20000000.0 USD
us-gaap Contract With Customer Liability Revenue Recognized
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47100000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
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51300000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
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186200000 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
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32800000 USD
CY2019Q2 us-gaap Inventory Net
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CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
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10100000 USD
CY2018Q4 us-gaap Inventory Net
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87900000 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
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CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1060700000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1022400000 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
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CY2018Q4 us-gaap Property Plant And Equipment Net
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CY2019Q2 us-gaap Interest Costs Capitalized
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us-gaap Interest Costs Capitalized
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9900000 USD
CY2018Q2 us-gaap Interest Costs Capitalized
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us-gaap Interest Costs Capitalized
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CY2019Q2 us-gaap Long Term Debt Noncurrent
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CY2018Q4 us-gaap Long Term Debt Noncurrent
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CY2019Q2 us-gaap Extinguishment Of Debt Amount
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us-gaap Extinguishment Of Debt Amount
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Extinguishment Of Debt Amount
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15500000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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200000 USD
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0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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400000000.0 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2019Q2 us-gaap Debt Instrument Carrying Amount
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CY2019Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2019Q2 us-gaap Assets Fair Value Disclosure
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CY2019Q2 us-gaap Derivative Liabilities
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CY2019Q2 us-gaap Financial Liabilities Fair Value Disclosure
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2600000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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543400000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Asset
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CY2018Q4 us-gaap Assets Fair Value Disclosure
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CY2018Q4 us-gaap Derivative Liabilities
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CY2018Q4 us-gaap Financial Liabilities Fair Value Disclosure
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3700000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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106700000 USD
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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93500000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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91400000 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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49500000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
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CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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62900000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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77500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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62900000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
77700000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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118100000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
174600000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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118100000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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174600000 USD
CY2019Q2 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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73000000.0 USD
CY2018Q2 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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80600000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
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88300000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
125100000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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9800000 USD
CY2018Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2017Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1700000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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4500000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
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us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
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CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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5300000 USD
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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700000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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5300000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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3000000.0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
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3000000.0 USD
CY2019Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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0 USD
CY2018Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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0 USD
us-gaap Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss
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CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.24
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P2Y10M13D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.675
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0255
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Offering Date
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1.6290
us-gaap Effective Income Tax Rate Continuing Operations
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0.121
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
us-gaap Effective Income Tax Rate Continuing Operations
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0.001
CY2019Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2018Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
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us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2018Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
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us-gaap Income Tax Reconciliation Other Reconciling Items
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clf Repealof Am Tamount
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14500000 USD
CY2019Q2 us-gaap Accrual For Environmental Loss Contingencies
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2400000 USD
CY2018Q4 us-gaap Accrual For Environmental Loss Contingencies
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2500000 USD
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179500000 USD
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174900000 USD
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2800000 USD
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2900000 USD
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176700000 USD
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172000000.0 USD
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CY2017Q4 us-gaap Asset Retirement Obligation
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us-gaap Asset Retirement Obligation Accretion Expense
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5100000 USD
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9500000 USD
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400000 USD
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1000000.0 USD
us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2018 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2019Q2 us-gaap Asset Retirement Obligation
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177100000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
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172400000 USD
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91500000 USD
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2600000 USD
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3700000 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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-135200000 USD
us-gaap Noncash Investing And Financing Activities Related Text
NoncashInvestingAndFinancingActivitiesRelatedText
For the six months ended June 30, 2018, we had $28.6 million of non-cash financing activities related to the settlement of capital lease obligations at Asia Pacific Iron Ore.
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
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200000000 USD
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
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100000000 USD
CY2019Q2 us-gaap Stock Repurchased During Period Shares
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us-gaap Stock Repurchased During Period Shares
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us-gaap Stock Repurchased During Period Value
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252900000 USD
CY2019Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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200000 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
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17100000 USD
us-gaap Property Plant And Equipment Additions
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320900000 USD
us-gaap Property Plant And Equipment Additions
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149300000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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24800000 USD
us-gaap Capital Lease Obligations Incurred
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clf Governmentgrantrebate
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clf Governmentgrantrebate
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clf Payments To Acquire Property Plant And Equipment Net
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clf Payments To Acquire Property Plant And Equipment Net
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CY2019Q2 us-gaap Dividends Payable Current
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16200000 USD
CY2019Q2 us-gaap Revenue From Related Parties
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415800000 USD
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us-gaap Revenue From Related Parties
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456900000 USD
us-gaap Revenue From Related Parties
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471100000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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697400000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
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672000000.0 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
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us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2019Q2 us-gaap Short Term Non Bank Loans And Notes Payable
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CY2019Q2 us-gaap Related Party Transaction Due From To Related Party
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208700000 USD
CY2018Q4 us-gaap Related Party Transaction Due From To Related Party
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220000000.0 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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161400000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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229400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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139300000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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216000000.0 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2018Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2019Q2 us-gaap Net Income Loss
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160800000 USD
CY2018Q2 us-gaap Net Income Loss
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165100000 USD
us-gaap Net Income Loss
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138700000 USD
us-gaap Net Income Loss
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80800000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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282600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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297400000 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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6700000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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6900000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3000000.0 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4100000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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3700000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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285500000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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301300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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293600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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301100000 shares
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.59
CY2018Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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0.49
us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2019Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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CY2019Q2 us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2019Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
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us-gaap Earnings Per Share Diluted
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0.47
us-gaap Earnings Per Share Diluted
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CY2019Q2 clf Estimated Project Capital Expenditures
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830000000 USD
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Change Of Amount As Result Of Variable Components
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CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
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370000000 USD
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
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170000000 USD
CY2019Q2 us-gaap Minority Interest Ownership Percentage By Parent
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1
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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193100000 USD
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219000000.0 USD
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CY2019Q2 us-gaap Assets Current
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52200000 USD
CY2019Q2 us-gaap Income Taxes Receivable Noncurrent
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62700000 USD
CY2019Q2 us-gaap Deferred Income Tax Assets Net
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443300000 USD
CY2019Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2019Q2 clf Longtermintercompanynotes
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CY2019Q2 clf Total Other Assets
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CY2019Q2 us-gaap Assets
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239300000 USD
CY2019Q2 us-gaap Mine Reclamation And Closing Liability Noncurrent
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CY2019Q2 us-gaap Long Term Debt Noncurrent
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2104500000 USD
CY2019Q2 clf Longtermintercompanynotespayable
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CY2019Q2 us-gaap Liabilities
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CY2019Q2 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Liabilities And Stockholders Equity
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