2019 Q4 Form 10-K Financial Statement

#000076406520000041 Filed on February 20, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $534.1M $555.6M $743.2M
YoY Change -23.29% -25.1% 4.05%
Cost Of Revenue $407.2M $400.7M $480.2M
YoY Change -17.45% -16.56% 11.73%
Gross Profit $126.9M $154.9M $263.0M
YoY Change -37.18% -40.79% -7.56%
Gross Profit Margin 23.76% 27.88% 35.39%
Selling, General & Admin $37.20M $25.50M $29.40M
YoY Change 5.08% -12.37% 12.21%
% of Gross Profit 29.31% 16.46% 11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.00M $22.00M $20.90M
YoY Change 7.84% 14.58% -18.04%
% of Gross Profit 17.34% 14.2% 7.95%
Operating Expenses $45.20M $33.30M $36.20M
YoY Change 14.14% -7.76% 19.47%
Operating Profit $81.70M $121.6M $226.8M
YoY Change -49.69% -46.08% -10.78%
Interest Expense -$24.70M -$25.30M -$26.10M
YoY Change -5.0% -14.24% -16.61%
% of Operating Profit -30.23% -20.81% -11.51%
Other Income/Expense, Net $900.0K -$25.00M -$43.40M
YoY Change -78.05% -0.79% 63.16%
Pretax Income $57.90M $96.60M $183.4M
YoY Change -56.95% -51.77% -19.42%
Income Tax -$5.500M $4.800M $22.00M
% Of Pretax Income -9.5% 4.97% 12.0%
Net Earnings $63.20M $90.90M $160.8M
YoY Change -89.63% -79.24% -2.6%
Net Earnings / Revenue 11.83% 16.36% 21.64%
Basic Earnings Per Share $0.23 $0.34 $0.59
Diluted Earnings Per Share $0.23 $0.33 $0.57
COMMON SHARES
Basic Shares Outstanding 270.1M shares 270.0M shares 275.8M shares
Diluted Shares Outstanding 276.6M shares 285.5M shares

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $353.0M $399.0M $377.0M
YoY Change -57.11% -55.52% -53.05%
Cash & Equivalents $353.0M $399.3M $377.2M
Short-Term Investments
Other Short-Term Assets $75.00M $40.70M $42.30M
YoY Change 88.44% 116.49% 57.84%
Inventory $317.0M $328.0M $219.0M
Prepaid Expenses
Receivables $94.00M $164.9M $193.1M
Other Receivables $59.00M $59.00M $59.00M
Total Short-Term Assets $898.0M $1.065B $1.119B
YoY Change -39.31% -35.5% -27.64%
LONG-TERM ASSETS
Property, Plant & Equipment $1.929B $1.770B $1.597B
YoY Change 50.0% 54.6% 47.72%
Goodwill $2.000M
YoY Change
Intangibles $48.10M
YoY Change
Long-Term Investments
YoY Change
Other Assets $215.0M $114.9M $118.3M
YoY Change 20.85% -5.35% 0.51%
Total Long-Term Assets $2.606B $2.427B $2.274B
YoY Change 27.12% 64.58% 51.12%
TOTAL ASSETS
Total Short-Term Assets $898.0M $1.065B $1.119B
Total Long-Term Assets $2.606B $2.427B $2.274B
Total Assets $3.504B $3.491B $3.393B
YoY Change -0.73% 11.72% 11.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.0M $212.8M $188.1M
YoY Change 3.32% 51.14% 58.07%
Accrued Expenses $126.3M $91.00M $90.00M
YoY Change -20.52% -4.31% 5.76%
Deferred Revenue $15.50M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $409.0M $458.5M $437.4M
YoY Change -12.64% 20.44% -7.9%
LONG-TERM LIABILITIES
Long-Term Debt $2.114B $2.109B $2.105B
YoY Change 1.01% -8.3% -8.38%
Other Long-Term Liabilities $311.0M $151.4M $149.7M
YoY Change 151.62% 24.3% -5.43%
Total Long-Term Liabilities $2.425B $2.261B $2.254B
YoY Change 9.41% -6.66% -8.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $409.0M $458.5M $437.4M
Total Long-Term Liabilities $2.425B $2.261B $2.254B
Total Liabilities $3.146B $3.131B $3.108B
YoY Change 1.31% -2.49% -7.45%
SHAREHOLDERS EQUITY
Retained Earnings -$2.842B -$2.889B -$2.953B
YoY Change -7.13% -20.95% -27.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $391.0M $390.9M $391.3M
YoY Change 110.1% 181.02% 165.29%
Treasury Stock Shares 31.80M shares 31.81M shares 3.879M shares
Shareholders Equity $358.0M $359.9M $285.6M
YoY Change
Total Liabilities & Shareholders Equity $3.504B $3.491B $3.393B
YoY Change -0.73% 11.72% 11.2%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $63.20M $90.90M $160.8M
YoY Change -89.63% -79.24% -2.6%
Depreciation, Depletion And Amortization $22.00M $22.00M $20.90M
YoY Change 7.84% 14.58% -18.04%
Cash From Operating Activities $175.4M $238.2M $263.9M
YoY Change -40.14% -5.4% 181.94%
INVESTING ACTIVITIES
Capital Expenditures -$191.1M -$153.5M -$161.7M
YoY Change 96.6% 121.5% 444.44%
Acquisitions
YoY Change
Other Investing Activities -$3.800M -$3.600M -$5.100M
YoY Change 72.73% -21.74% -492.31%
Cash From Investing Activities -$194.9M -$157.1M -$166.8M
YoY Change 96.08% 112.58% 487.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -27.20M -59.00M -150.1M
YoY Change -89.83% -28.05% 702.67%
NET CHANGE
Cash From Operating Activities 175.4M 238.2M 263.9M
Cash From Investing Activities -194.9M -157.1M -166.8M
Cash From Financing Activities -27.20M -59.00M -150.1M
Net Change In Cash -46.70M 22.10M -53.00M
YoY Change -36.81% -76.96% -213.98%
FREE CASH FLOW
Cash From Operating Activities $175.4M $238.2M $263.9M
Capital Expenditures -$191.1M -$153.5M -$161.7M
Free Cash Flow $366.5M $391.7M $425.6M
YoY Change -6.07% 21.99% 245.17%

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CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.29
CY2017 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.71
CY2017 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
276761000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297176000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
288435000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
284480000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
304141000 shares
CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
292961000 shares
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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292800000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1128100000 USD
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
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367000000.0 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
34600000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
17200000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-11500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-225400000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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-244900000 USD
CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-2300000 USD
CY2017 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-500000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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-34900000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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0 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
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1100000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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257900000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
883200000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
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363000000.0 USD
CY2019 us-gaap Profit Loss
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292800000 USD
CY2018 us-gaap Profit Loss
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1128100000 USD
CY2017 us-gaap Profit Loss
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363100000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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85100000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89000000.0 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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87700000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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16800000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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-460500000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
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0 USD
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-18200000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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-6800000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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-165400000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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-46800000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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110200000 USD
CY2017 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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4100000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
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0 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
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228100000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Realized
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0 USD
CY2019 us-gaap Other Noncash Income Expense
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-65400000 USD
CY2018 us-gaap Other Noncash Income Expense
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-20700000 USD
CY2017 us-gaap Other Noncash Income Expense
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-45500000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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-254500000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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CY2017 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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246300000 USD
CY2019 us-gaap Increase Decrease In Inventories
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136300000 USD
CY2018 us-gaap Increase Decrease In Inventories
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-43500000 USD
CY2017 us-gaap Increase Decrease In Inventories
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4200000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-80800000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-62500000 USD
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-69000000.0 USD
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562500000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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478500000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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338100000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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639000000.0 USD
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87500000 USD
CY2017 clf Paymentsfor Deposits On Property Plantand Equipment
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16800000 USD
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CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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208600000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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134900000 USD
CY2019 clf Paymentsfor Deposits On Property Plantand Equipment
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17000000.0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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4300000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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-644400000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-273100000 USD
CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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-23000000.0 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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-156000000.0 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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252900000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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47500000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2019 us-gaap Payments Of Dividends
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72100000 USD
CY2018 us-gaap Payments Of Dividends
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0 USD
CY2017 us-gaap Payments Of Dividends
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0 USD
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0 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
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661300000 USD
CY2019 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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720900000 USD
CY2018 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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1771500000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
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6800000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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1500000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
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28600000 USD
CY2019 us-gaap Repayments Of Long Term Debt
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729300000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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234500000 USD
CY2017 us-gaap Repayments Of Long Term Debt
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1720700000 USD
CY2019 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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0 USD
CY2018 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
CY2017 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
105000000.0 USD
CY2019 us-gaap Payments Of Distributions To Affiliates
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44200000 USD
CY2018 us-gaap Payments Of Distributions To Affiliates
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44200000 USD
CY2017 us-gaap Payments Of Distributions To Affiliates
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52900000 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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-9700000 USD
CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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-47500000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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-26700000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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-394100000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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-375200000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
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498900000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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0 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-2300000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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3300000 USD
CY2019 clf Increase Decreasein Cashand Cash Equivalents Including Cash Classified Within Other Current Assets Relatedto Discontinued Operations
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-476000000.0 USD
CY2018 clf Increase Decreasein Cashand Cash Equivalents Including Cash Classified Within Other Current Assets Relatedto Discontinued Operations
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-172100000 USD
CY2017 clf Increase Decreasein Cashand Cash Equivalents Including Cash Classified Within Other Current Assets Relatedto Discontinued Operations
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684300000 USD
CY2019 us-gaap Net Cash Provided By Used In Discontinued Operations
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5400000 USD
CY2018 us-gaap Net Cash Provided By Used In Discontinued Operations
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17000000.0 USD
CY2017 us-gaap Net Cash Provided By Used In Discontinued Operations
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-18800000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-470600000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-155100000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
665500000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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823200000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
978300000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
312800000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
352600000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
823200000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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978300000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-1330500000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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360200000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Equity Component Of Convertible Debt
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83400000 USD
CY2017 us-gaap Stock Issued During Period Value New Issues
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661300000 USD
CY2017 clf Undistributed Earnings Losses Related To Noncontrolling Interests
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-105000000.0 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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128800000 USD
CY2017 clf Capitalcontributionsbynoncontrollinginteresttosubsidiary
Capitalcontributionsbynoncontrollinginteresttosubsidiary
1800000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
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13500000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-444100000 USD
CY2018 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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34000000.0 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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883200000 USD
CY2018 clf Capitalcontributionsbynoncontrollinginteresttosubsidiary
Capitalcontributionsbynoncontrollinginteresttosubsidiary
-200000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
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13800000 USD
CY2018 us-gaap Stock Repurchased During Period Value
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47500000 USD
CY2018 us-gaap Dividends Common Stock
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15000000.0 USD
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424200000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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257900000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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3700000 USD
CY2019 us-gaap Stock Repurchased During Period Value
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252900000 USD
CY2019 us-gaap Dividends Common Stock
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75000000.0 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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357900000 USD
CY2019 us-gaap Nature Of Operations
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<div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-weight:bold;">Nature of Existing Business</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;"/><span style="font-family:Arial;font-size:10pt;">Founded in 1847, Cleveland-Cliffs Inc. is the largest and oldest independent iron ore mining company in the United States. We are a major supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in Michigan and Minnesota. In 2020, we expect to be the sole producer of HBI in the Great Lakes region with the startup of our first production plant in Toledo, Ohio.</span><span style="font-family:Arial;font-size:10pt;"> </span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Our Company’s continuing operations are organized and managed in </span><span style="font-family:Arial;font-size:10pt;"><span>two</span></span><span style="font-family:Arial;font-size:10pt;"> operating segments according to our differentiated products. Our Mining and Pelletizing segment is a major supplier of iron ore pellets to the North American steel industry from our mines and pellet plants located in Michigan and Minnesota. Our Metallics segment includes our HBI production plant in Toledo, Ohio, which is currently under construction and expected to be completed during the first half of 2020. During the second quarter of 2019, Northshore mine began supplying DR-grade pellets to our Metallics segment, which will be used as feedstock for the HBI production plant when we begin production in 2020. </span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Unless otherwise noted, discussion of our business and results of operations in this Annual Report on Form 10-K refers to our continuing operations on a stand-alone basis without giving effect to the Merger.</span></div>
CY2019 us-gaap Number Of Reporting Units
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2 unit
CY2019 us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:48px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The more significant areas requiring the use of management estimates and assumptions relate to mineral reserves; future realizable cash flow; environmental, reclamation and closure obligations; valuation of long-lived assets, inventory, tax assets and post-employment, post-retirement and other employee benefit liabilities; reserves for contingencies and litigation; and the fair value of derivative instruments. Actual results could differ from estimates. Management reviews its estimates on an ongoing basis. Changes in facts and circumstances may alter such estimates and affect the results of operations and financial position in future periods.</span></div>
CY2019 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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7500000 USD
CY2018 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
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422600000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
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228100000 USD
CY2019 us-gaap Revenues
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1989900000 USD
CY2018 us-gaap Revenues
Revenues
2332400000 USD
CY2017 us-gaap Revenues
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1866000000.0 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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0 USD
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
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38500000 USD
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
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51300000 USD
CY2019Q4 us-gaap Employee Related Liabilities Current
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61700000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
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74000000.0 USD
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29000000.0 USD
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38400000 USD
CY2019Q4 us-gaap Dividends Payable Current
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17800000 USD
CY2018Q4 us-gaap Dividends Payable Current
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15000000.0 USD
CY2019Q4 us-gaap Accrued Royalties Current
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8400000 USD
CY2018Q4 us-gaap Accrued Royalties Current
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17300000 USD
CY2019Q4 us-gaap Other Accrued Liabilities Current
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9400000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
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14200000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
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126300000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
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158900000 USD
CY2019 clf Property Plantand Equipment Additions Including Discontinued Operations
PropertyPlantandEquipmentAdditionsIncludingDiscontinuedOperations
689800000 USD
CY2018 clf Property Plantand Equipment Additions Including Discontinued Operations
PropertyPlantandEquipmentAdditionsIncludingDiscontinuedOperations
394800000 USD
CY2017 clf Property Plantand Equipment Additions Including Discontinued Operations
PropertyPlantandEquipmentAdditionsIncludingDiscontinuedOperations
156000000.0 USD
CY2019 us-gaap Capital Expenditures Incurred But Not Yet Paid
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-15300000 USD
CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
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-93600000 USD
CY2017 us-gaap Capital Expenditures Incurred But Not Yet Paid
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2200000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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29300000 USD
CY2018 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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7600000 USD
CY2017 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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6500000 USD
CY2019 clf Governmentgrantrebate
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-10800000 USD
CY2018 clf Governmentgrantrebate
Governmentgrantrebate
-2500000 USD
CY2017 clf Governmentgrantrebate
Governmentgrantrebate
0 USD
CY2019 clf Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-656000000.0 USD
CY2018 clf Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-296100000 USD
CY2017 clf Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-151700000 USD
CY2019 us-gaap Income Taxes Paid
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200000 USD
CY2018 us-gaap Income Taxes Paid
IncomeTaxesPaid
2900000 USD
CY2017 us-gaap Income Taxes Paid
IncomeTaxesPaid
1700000 USD
CY2019 us-gaap Proceeds From Income Tax Refunds
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117900000 USD
CY2018 us-gaap Proceeds From Income Tax Refunds
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11300000 USD
CY2017 us-gaap Proceeds From Income Tax Refunds
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7800000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
97600000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
105700000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
139000000.0 USD
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
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0.06
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
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16200000 USD
CY2019 us-gaap Number Of Reporting Units
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2 unit
CY2019 us-gaap Revenues
Revenues
1989900000 USD
CY2019 us-gaap Gross Profit
GrossProfit
575700000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
292800000 USD
CY2018 us-gaap Profit Loss
ProfitLoss
1128100000 USD
CY2017 us-gaap Profit Loss
ProfitLoss
363100000 USD
CY2019 clf Ebitda
EBITDA
497100000 USD
CY2018 clf Ebitda
EBITDA
878100000 USD
CY2017 clf Ebitda
EBITDA
330400000 USD
CY2019 clf Adjusted Ebitda
AdjustedEBITDA
524800000 USD
CY2018 clf Adjusted Ebitda
AdjustedEBITDA
766300000 USD
CY2017 clf Adjusted Ebitda
AdjustedEBITDA
459900000 USD
CY2019 clf Ebitda
EBITDA
497100000 USD
CY2018 clf Ebitda
EBITDA
878100000 USD
CY2017 clf Ebitda
EBITDA
330400000 USD
CY2019 clf Adjusted Ebitda
AdjustedEBITDA
524800000 USD
CY2018 clf Adjusted Ebitda
AdjustedEBITDA
766300000 USD
CY2017 clf Adjusted Ebitda
AdjustedEBITDA
459900000 USD
CY2019 clf Depreciation Depletionand Amortizationexcluding Depreciation Amortizationand Depletionexpensefor Discontinued Operations
DepreciationDepletionandAmortizationexcludingDepreciationAmortizationandDepletionexpenseforDiscontinuedOperations
85100000 USD
CY2018 clf Depreciation Depletionand Amortizationexcluding Depreciation Amortizationand Depletionexpensefor Discontinued Operations
DepreciationDepletionandAmortizationexcludingDepreciationAmortizationandDepletionexpenseforDiscontinuedOperations
73800000 USD
CY2017 clf Depreciation Depletionand Amortizationexcluding Depreciation Amortizationand Depletionexpensefor Discontinued Operations
DepreciationDepletionandAmortizationexcludingDepreciationAmortizationandDepletionexpenseforDiscontinuedOperations
73400000 USD
CY2019 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
689800000 USD
CY2018 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
394700000 USD
CY2017 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
153200000 USD
CY2019Q4 us-gaap Assets
Assets
3503800000 USD
CY2018Q4 us-gaap Assets
Assets
3529600000 USD
CY2017Q4 us-gaap Assets
Assets
2953400000 USD
CY2019 us-gaap Revenues
Revenues
1989900000 USD
CY2018 us-gaap Revenues
Revenues
2332400000 USD
CY2017 us-gaap Revenues
Revenues
1866000000.0 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
114100000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
77800000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
68700000 USD
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
10100000 USD
CY2019Q4 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
182800000 USD
CY2018Q4 us-gaap Inventory Finished Goods And Work In Process Net Of Reserves
InventoryFinishedGoodsAndWorkInProcessNetOfReserves
87900000 USD
CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
134600000 USD
CY2018Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
93200000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
317400000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
181100000 USD
CY2019 clf Effectof Lifo Inventory Incrementon Financial Position
EffectofLIFOInventoryIncrementonFinancialPosition
34200000 USD
CY2018 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
200000 USD
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
12700000 USD
CY2018Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
12600000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3027400000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2308400000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1098400000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1022400000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1929000000.0 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1286000000.0 USD
CY2019 us-gaap Depreciation
Depreciation
76600000 USD
CY2018 us-gaap Depreciation
Depreciation
65600000 USD
CY2017 us-gaap Depreciation
Depreciation
65800000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
24800000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6500000 USD
CY2019Q4 us-gaap Land
Land
12400000 USD
CY2018Q4 us-gaap Land
Land
12400000 USD
CY2019Q4 us-gaap Mineral Properties Gross
MineralPropertiesGross
537300000 USD
CY2018Q4 us-gaap Mineral Properties Gross
MineralPropertiesGross
537200000 USD
CY2019Q4 us-gaap Mineral Properties Accumulated Depletion
MineralPropertiesAccumulatedDepletion
134100000 USD
CY2018Q4 us-gaap Mineral Properties Accumulated Depletion
MineralPropertiesAccumulatedDepletion
126500000 USD
CY2019Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
403200000 USD
CY2018Q4 us-gaap Mineral Properties Net
MineralPropertiesNet
410700000 USD
CY2019 us-gaap Depletion
Depletion
7500000 USD
CY2018 us-gaap Depletion
Depletion
7400000 USD
CY2017 us-gaap Depletion
Depletion
6800000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2113800000 USD
CY2018Q4 clf Fair Value Adjustmentto Interest Rate Hedge
FairValueAdjustmenttoInterestRateHedge
200000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2092900000 USD
CY2019 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
724000000.0 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18200000 USD
CY2018 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
227400000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-6800000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
661300000 USD
CY2017 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
1610700000 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-165400000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
400000000.0 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1838000000.0 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2238000000.0 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
187600000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
45800000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
233400000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
4300000 USD
CY2019Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
4300000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
543400000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
91500000 USD
CY2018Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
634900000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
3700000 USD
CY2018Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
3700000 USD
CY2019 clf Defined Contribution Plan Eligible Amount Contributed Per Hour
DefinedContributionPlanEligibleAmountContributedPerHour
0.60 USD
CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
1010000000.0 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
896800000 USD
CY2019Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0650
CY2018Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
0.0675
CY2019Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2018Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.0500
CY2019Q4 clf Reserve For Investment Commitments
ReserveForInvestmentCommitments
37100000 USD
CY2019 clf Early Termination Feesfor Pension Benefits
EarlyTerminationFeesforPensionBenefits
14900000 USD
CY2019 clf Early Termination Feesfor Other Postretirement Benefits
EarlyTerminationFeesforOtherPostretirementBenefits
3000000.0 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3800000 USD
CY2019 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3700000 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
3500000 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
8000000.0 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3700000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
0 USD
CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
13900000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
15100000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
18200000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
412710 shares
CY2015Q1 clf Share Based Compensation Arrangement By Share Based Payment Award Grant Date Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDatePrice
7.70
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
250000 shares
CY2014Q4 clf Share Based Compensation Arrangement By Share Based Payment Award Grant Date Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardGrantDatePrice
13.83
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
563230 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
10.42
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
10321432 shares
CY2018Q4 clf Sharebased Compensation Arrangement Award Vestedand Expectedto Vest Outstanding Number
SharebasedCompensationArrangementAwardVestedandExpectedtoVestOutstandingNumber
6792201 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
6.90
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1285419 shares
CY2019 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
14.18
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
3199270 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
2.20
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
121923 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
12.21
CY2019Q4 clf Sharebased Compensation Arrangement Award Vestedand Expectedto Vest Outstanding Number
SharebasedCompensationArrangementAwardVestedandExpectedtoVestOutstandingNumber
4756427 shares
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
11.90
CY2019Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
16000000.0 USD
CY2019 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M12D
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
311900000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
565000000.0 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
90700000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
200000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-300000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
17500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
312100000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
564700000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
108200000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-700000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-500000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-252600000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-100000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
200000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
700000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
300000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-400000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
200000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-252400000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
18000000.0 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-475400000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
0 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17600000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-475200000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-252400000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
65500000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
118600000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37900000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-49300000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.158
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-54600000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.097
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-61600000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depletion
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepletion
-0.569
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0
CY2017 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
407500000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
3.766
CY2019 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
846000000.0 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
2.711
CY2018 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
161700000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0.286
CY2017 us-gaap Income Tax Reconciliation Disposition Of Business
IncomeTaxReconciliationDispositionOfBusiness
0 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
EffectiveIncomeTaxRateReconciliationDispositionOfBusiness
0
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
200000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.001
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
100000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
477900000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
4.417
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1200000 USD
CY2019 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.004
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
800000 USD
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002
CY2017 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1500000 USD
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.014
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17600000 USD
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.057
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-475200000 USD
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.841
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-252400000 USD
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-2.333
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-11400000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-3600000 USD
CY2017 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
0 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
100000 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
700000 USD
CY2017 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
11500000 USD
CY2018 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
4300000 USD
CY2017 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
794900000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2118800000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
113700000 USD
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4600000 shares
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3.80
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1.28
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1.03
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3.71
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1.26
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0 shares
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290000000 USD
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2500000 USD
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CY2019Q4 us-gaap Revenues
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CY2019 us-gaap Revenues
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CY2019 us-gaap Gross Profit
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161400000 USD
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CY2019Q4 us-gaap Income Loss From Continuing Operations
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63400000 USD
CY2019 us-gaap Income Loss From Continuing Operations
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294500000 USD
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0 USD
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CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
17000000.0 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-155100000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
978300000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
823200000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
338100000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
134900000 USD
CY2017 clf Paymentsfor Deposits On Property Plantand Equipment
PaymentsforDepositsOnPropertyPlantandEquipment
16800000 USD
CY2017 clf Intercompanyinvestments
Intercompanyinvestments
0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4300000 USD
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-156000000.0 USD
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
661300000 USD
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1771500000 USD
CY2017 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
28600000 USD
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1720700000 USD
CY2017 us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
105000000.0 USD
CY2017 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
52900000 USD
CY2017 clf Intercompanyfinancing
Intercompanyfinancing
0 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-26700000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
498900000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
3300000 USD
CY2017 clf Increase Decreasein Cashand Cash Equivalents Including Cash Classified Within Other Current Assets Relatedto Discontinued Operations
IncreaseDecreaseinCashandCashEquivalentsIncludingCashClassifiedWithinOtherCurrentAssetsRelatedtoDiscontinuedOperations
684300000 USD
CY2017 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-18800000 USD
CY2017 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
665500000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
312800000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
978300000 USD

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