2020 Q2 Form 10-Q Financial Statement

#000076406520000212 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $1.093B $743.2M
YoY Change 47.07% 4.05%
Cost Of Revenue $1.208B $480.2M
YoY Change 151.56% 11.73%
Gross Profit -$115.0M $263.0M
YoY Change -143.73% -7.56%
Gross Profit Margin -10.52% 35.39%
Selling, General & Admin $62.00M $29.40M
YoY Change 110.88% 12.21%
% of Gross Profit 11.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.00M $20.90M
YoY Change 258.85% -18.04%
% of Gross Profit 7.95%
Operating Expenses $62.00M $36.20M
YoY Change 71.27% 19.47%
Operating Profit -$208.0M $226.8M
YoY Change -191.71% -10.78%
Interest Expense -$69.00M -$26.10M
YoY Change 164.37% -16.61%
% of Operating Profit -11.51%
Other Income/Expense, Net $76.00M -$43.40M
YoY Change -275.12% 63.16%
Pretax Income -$132.0M $183.4M
YoY Change -171.97% -19.42%
Income Tax -$25.00M $22.00M
% Of Pretax Income 12.0%
Net Earnings -$124.0M $160.8M
YoY Change -177.11% -2.6%
Net Earnings / Revenue -11.34% 21.64%
Basic Earnings Per Share -$0.31 $0.59
Diluted Earnings Per Share -$0.31 $0.57
COMMON SHARES
Basic Shares Outstanding 399.0M shares 275.8M shares
Diluted Shares Outstanding 399.0M shares 285.5M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $74.00M $377.0M
YoY Change -80.37% -53.05%
Cash & Equivalents $73.70M $377.2M
Short-Term Investments
Other Short-Term Assets $90.20M $42.30M
YoY Change 113.24% 57.84%
Inventory $1.934B $219.0M
Prepaid Expenses
Receivables $482.2M $193.1M
Other Receivables $63.00M $59.00M
Total Short-Term Assets $2.642B $1.119B
YoY Change 136.05% -27.64%
LONG-TERM ASSETS
Property, Plant & Equipment $4.548B $1.597B
YoY Change 184.72% 47.72%
Goodwill $139.3M
YoY Change
Intangibles $192.6M
YoY Change
Long-Term Investments
YoY Change
Other Assets $245.0M $118.3M
YoY Change 107.1% 0.51%
Total Long-Term Assets $5.848B $2.274B
YoY Change 157.21% 51.12%
TOTAL ASSETS
Total Short-Term Assets $2.642B $1.119B
Total Long-Term Assets $5.848B $2.274B
Total Assets $8.491B $3.393B
YoY Change 150.23% 11.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $504.8M $188.1M
YoY Change 168.37% 58.07%
Accrued Expenses $288.3M $90.00M
YoY Change 220.33% 5.76%
Deferred Revenue $15.50M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.038B $437.4M
YoY Change 137.31% -7.9%
LONG-TERM LIABILITIES
Long-Term Debt $4.452B $2.105B
YoY Change 111.53% -8.38%
Other Long-Term Liabilities $278.4M $149.7M
YoY Change 85.97% -5.43%
Total Long-Term Liabilities $4.730B $2.254B
YoY Change 109.83% -8.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.038B $437.4M
Total Long-Term Liabilities $4.730B $2.254B
Total Liabilities $7.373B $3.108B
YoY Change 137.24% -7.45%
SHAREHOLDERS EQUITY
Retained Earnings -$3.043B -$2.953B
YoY Change 3.04% -27.85%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $355.9M $391.3M
YoY Change -9.05% 165.29%
Treasury Stock Shares 29.49M shares 3.879M shares
Shareholders Equity $792.9M $285.6M
YoY Change
Total Liabilities & Shareholders Equity $8.491B $3.393B
YoY Change 150.23% 11.2%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$124.0M $160.8M
YoY Change -177.11% -2.6%
Depreciation, Depletion And Amortization $75.00M $20.90M
YoY Change 258.85% -18.04%
Cash From Operating Activities -$134.3M $263.9M
YoY Change -150.89% 181.94%
INVESTING ACTIVITIES
Capital Expenditures -$144.8M -$161.7M
YoY Change -10.45% 444.44%
Acquisitions
YoY Change
Other Investing Activities -$100.0K -$5.100M
YoY Change -98.04% -492.31%
Cash From Investing Activities -$144.9M -$166.8M
YoY Change -13.13% 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 166.0M -150.1M
YoY Change -210.59% 702.67%
NET CHANGE
Cash From Operating Activities -134.3M 263.9M
Cash From Investing Activities -144.9M -166.8M
Cash From Financing Activities 166.0M -150.1M
Net Change In Cash -113.2M -53.00M
YoY Change 113.58% -213.98%
FREE CASH FLOW
Cash From Operating Activities -$134.3M $263.9M
Capital Expenditures -$144.8M -$161.7M
Free Cash Flow $10.50M $425.6M
YoY Change -97.53% 245.17%

Facts In Submission

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us-gaap Basis Of Accounting
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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;">Business, Consolidation and Presentation</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 accompanying </span><span style="font-family:Arial;font-size:10pt;">unaudited condensed consolidated financial statements</span><span style="font-family:Arial;font-size:10pt;"> have been prepared in accordance with SEC rules and regulations and, in the opinion of management, include all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position, results of operations, comprehensive income (loss), cash flows and changes in equity for the periods presented. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Management bases its estimates on various assumptions and historical experience, which are believed to be reasonable; however, due to the inherent nature of estimates, actual results may differ significantly due to changed conditions or assumptions. The results of operations for the </span><span style="font-family:Arial;font-size:10pt;">three and six months ended</span><span style="font-family:Arial;font-size:10pt;"> </span><span style="font-family:Arial;font-size:10pt;">June 30, 2020</span><span style="font-family:Arial;font-size:10pt;"> are not necessarily indicative of results to be expected for the year ending </span><span style="font-family:Arial;font-size:10pt;">December 31, 2020</span><span style="font-family:Arial;font-size:10pt;"> or any other future period. Due to the acquisition of AK Steel, certain balances have become material and are no longer being condensed in our </span><span style="font-family:Arial;font-size:10pt;">Statements of Unaudited Condensed Consolidated Financial Position</span><span style="font-family:Arial;font-size:10pt;">, such as balances for </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Right-of-use asset, operating lease</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;font-style:italic;">Operating lease liability, non-current</span><span style="font-family:Arial;font-size:10pt;">. As a result, certain prior period amounts have been reclassified to conform with the current year presentation. These </span><span style="font-family:Arial;font-size:10pt;">unaudited condensed consolidated financial statements</span><span style="font-family:Arial;font-size:10pt;"> should be read in conjunction with the financial statements and notes included in our Annual Report on Form 10-K for the year ended </span><span style="font-family:Arial;font-size:10pt;">December 31, 2019</span><span style="font-family:Arial;font-size:10pt;"> and in our Quarterly Report on Form 10-Q for the three months ended March 31, 2020.</span></div>
us-gaap Nature Of Operations
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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;">Acquisition of AK Steel</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;">On March 13, 2020, we consummated the Merger, pursuant to which, upon the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub was merged with and into AK Steel, with AK Steel surviving the Merger as a wholly owned subsidiary of Cliffs. Refer to </span><span style="font-family:Arial;font-size:10pt;">NOTE 3 - ACQUISITION OF AK STEEL</span><span style="font-family:Arial;font-size:10pt;"> for further information.</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;">AK Steel is a leading North American producer of flat-rolled carbon, stainless and electrical steel products, primarily for the automotive, infrastructure and manufacturing markets. The acquisition of AK Steel has transformed us into a vertically integrated producer of value-added iron ore and steel products. </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;font-style:italic;font-weight:bold;">COVID-19</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;">In response to the COVID-19 pandemic, we made various operational changes to adjust to the demand for our products. Although steel and iron ore production have been considered “essential” by the states in which we operate, certain of our facilities and construction activities were temporarily idled during the second quarter of 2020.  Nearly all of these temporarily idled facilities were restarted as of June 30, 2020, with the exception of the Dearborn hot-end operations and Mansfield operations, which were restarted in July 2020, and the Northshore mine, which we plan to restart in early August 2020.</span></div>
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clf Property Plantand Equipment Additions Including Discontinued Operations
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8400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
282900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
300900000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
200000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
60400000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
117900000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
23300000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9900000 USD
us-gaap Revenues
Revenues
900200000 USD
us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 unit
CY2020Q2 us-gaap Revenues
Revenues
1092700000 USD
CY2019Q2 us-gaap Revenues
Revenues
743200000 USD
us-gaap Revenues
Revenues
1451800000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-108100000 USD
CY2020Q2 clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
-82000000.0 USD
CY2019Q2 clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
248400000 USD
clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
-59300000 USD
clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
269600000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
34600000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
160800000 USD
us-gaap Profit Loss
ProfitLoss
-156700000 USD
us-gaap Profit Loss
ProfitLoss
138700000 USD
CY2020Q2 clf Ebitda Earnings Loss
EBITDAEarningsLoss
12900000 USD
CY2019Q2 clf Ebitda Earnings Loss
EBITDAEarningsLoss
230100000 USD
clf Ebitda Earnings Loss
EBITDAEarningsLoss
-21600000 USD
clf Ebitda Earnings Loss
EBITDAEarningsLoss
249300000 USD
CY2020Q2 clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
-82000000.0 USD
CY2019Q2 clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
248400000 USD
clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
-59300000 USD
clf Adjusted Ebitda Earnings Loss
AdjustedEBITDAEarningsLoss
269600000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
15800000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19300000 USD
CY2020Q2 clf Depreciation Depletionand Amortization Attributableto Noncontrolling Interests
DepreciationDepletionandAmortizationAttributabletoNoncontrollingInterests
4700000 USD
clf Depreciation Depletionand Amortization Attributableto Noncontrolling Interests
DepreciationDepletionandAmortizationAttributabletoNoncontrollingInterests
5800000 USD
CY2020Q2 us-gaap Assets
Assets
8490700000 USD
CY2019Q4 us-gaap Assets
Assets
3503800000 USD
CY2020Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
73000000.0 USD
CY2019Q2 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
191600000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
230700000 USD
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
320900000 USD
CY2020Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5885800000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3027400000 USD
CY2020Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1337900000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1098400000 USD
CY2020Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4547900000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1929000000.0 USD
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
93700000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
49000000.0 USD
CY2020Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
13600000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
23300000 USD
CY2019Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
5900000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9900000 USD
CY2020Q2 us-gaap Depreciation
Depreciation
75300000 USD
us-gaap Depreciation
Depreciation
110700000 USD
CY2019Q2 us-gaap Depreciation
Depreciation
20900000 USD
us-gaap Depreciation
Depreciation
40500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
220200000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
27600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
192600000 USD
CY2020Q2 clf Finite Lived Intangible Liability Gross
FiniteLivedIntangibleLiabilityGross
75000000.0 USD
CY2020Q2 clf Finite Lived Intangible Liability Accumulated Amortization
FiniteLivedIntangibleLiabilityAccumulatedAmortization
2700000 USD
CY2020Q2 clf Finite Lived Intangible Liability Net
FiniteLivedIntangibleLiabilityNet
72300000 USD
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3500000 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
400000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
10000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
10000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
10000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
10000000.0 USD
CY2020Q2 clf Amortizationof Intangible Liability
AmortizationofIntangibleLiability
600000 USD
clf Amortizationof Intangible Liability
AmortizationofIntangibleLiability
2700000 USD
CY2020Q2 clf Finite Lived Intangible Liabilities Amortization Credit Remainderof Fiscal Year
FiniteLivedIntangibleLiabilitiesAmortizationCreditRemainderofFiscalYear
4100000 USD
CY2020Q2 clf Finite Lived Intangible Liabilities Amortization Credit Next Twelve Months
FiniteLivedIntangibleLiabilitiesAmortizationCreditNextTwelveMonths
8200000 USD
CY2020Q2 clf Finite Lived Intangible Liabilities Amortization Credit Year Two
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearTwo
8200000 USD
CY2020Q2 clf Finite Lived Intangible Liabilities Amortization Credit Year Three
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearThree
8200000 USD
CY2020Q2 clf Finite Lived Intangible Liabilities Amortization Credit Year Four
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearFour
8200000 USD
CY2020Q2 clf Finite Lived Intangible Liabilities Amortization Credit Year Five
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearFive
8200000 USD
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4451600000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2113800000 USD
CY2020Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
736400000 USD
CY2020Q2 clf Reductionof Principal Long Term Debt
ReductionofPrincipalLongTermDebt
181200000 USD
CY2020Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
747600000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
129400000 USD
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
1487500000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
132600000 USD
CY2019Q2 us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
714000000.0 USD
CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17900000 USD
us-gaap Extinguishment Of Debt Amount
ExtinguishmentOfDebtAmount
724000000.0 USD
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000.0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-18200000 USD
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000.0 USD
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
2000000000.0 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
33500000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
12800000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
456500000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4137900000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
4640700000 USD
CY2020Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
63200000 USD
CY2020Q2 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
19700000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
233400000 USD
CY2019Q4 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
4300000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-3700000 USD
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
19600000 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
106700000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
45800000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
91400000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-40000000.0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-74300000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-13800000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-89600000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
24300000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
62900000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
24300000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
62900000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
35300000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
118100000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
35300000 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
118100000 USD
CY2020Q2 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
33600000 USD
CY2019Q2 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
73000000.0 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
13600000 USD
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
88300000 USD
CY2019Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-400000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.311
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.121
CY2020Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2019Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
9800000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1100000 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
4500000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-600000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-5300000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
5300000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
1700000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements
5300000 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
0 USD
CY2020Q2 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
300000 USD
us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-800000 USD
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
183300000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
165300000 USD
CY2020Q2 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2200000 USD
CY2019Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
2100000 USD
CY2020Q2 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
181100000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
163200000 USD
clf Asset Retirement Obligation Liabilities Assumed Acquisition
AssetRetirementObligationLiabilitiesAssumedAcquisition
13900000 USD
CY2019Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
165300000 USD
CY2018Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
172400000 USD
clf Asset Retirement Obligation Liabilities Assumed Acquisition
AssetRetirementObligationLiabilitiesAssumedAcquisition
13900000 USD
clf Asset Retirement Obligation Liabilities Assumed Acquisition
AssetRetirementObligationLiabilitiesAssumedAcquisition
0 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
4900000 USD
us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
5100000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
800000 USD
us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
400000 USD
CY2020Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
183300000 USD
CY2019Q2 us-gaap Asset Retirement Obligation
AssetRetirementObligation
177100000 USD
CY2020Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
41300000 USD
CY2019Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
74800000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
8500000 USD
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
80300000 USD
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.125
CY2020Q1 us-gaap Business Acquisition Equity Interest Issued Or Issuable Value Assigned
BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned
617600000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2020Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.06
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2019Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
24400000 shares
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
252900000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
315700000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
0 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-3100000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-318800000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
310100000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-900000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-6100000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-317100000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
304100000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-200000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-1600000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-305900000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
281100000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-2800000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-283900000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
275400000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-100000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-275500000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
269600000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-2200000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-271800000 USD
CY2020Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
281800000 USD
CY2019Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
452400000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
292600000 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
499300000 USD
CY2020Q2 us-gaap Revenues
Revenues
1092700000 USD
CY2019Q2 us-gaap Revenues
Revenues
743200000 USD
us-gaap Revenues
Revenues
1451800000 USD
us-gaap Revenues
Revenues
900200000 USD
CY2020Q2 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.258
CY2019Q2 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.609
clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.202
clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.555
CY2020Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
9700000 USD
CY2019Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0 USD
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
12200000 USD
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
34600000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-107800000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
161400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-157000000.0 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
139300000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
15800000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
19300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-123600000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
161400000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-176300000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
139300000 USD
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-300000 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-600000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
300000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-123900000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-600000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
160800000 USD
us-gaap Net Income Loss
NetIncomeLoss
-176000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
138700000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
399100000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
275800000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
348300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
282600000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
6700000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
6900000 shares
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000.0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4100000 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
399100000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
285500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
348300000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
293600000 shares
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.31
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.59
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.51
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.49
CY2020Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
CY2019Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
0
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.31
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.57
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.51
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.47
CY2020Q2 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2019Q2 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
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
0
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2020Q2 clf Estimated Project Capital Expenditures
EstimatedProjectCapitalExpenditures
1000000000 USD
clf Total Project Expenditures Excluding Capitalized Interest
TotalProjectExpendituresExcludingCapitalizedInterest
894300000 USD
CY2020Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
41400000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2000000.0 USD
CY2020Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
6500000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
300000 USD
CY2020Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
34900000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
1700000 USD

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