2020 Q4 Form 10-K Financial Statement

#000076406521000084 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $2.256B $5.354B $534.1M
YoY Change 322.43% 169.05% -23.29%
Cost Of Revenue $2.000B $5.102B $407.2M
YoY Change 391.18% 260.82% -17.45%
Gross Profit $256.1M $252.0M $126.9M
YoY Change 101.81% -56.23% -37.18%
Gross Profit Margin 11.35% 4.71% 23.76%
Selling, General & Admin $92.80M $244.0M $37.20M
YoY Change 149.46% 115.93% 5.08%
% of Gross Profit 36.24% 96.83% 29.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $124.1M $308.0M $22.00M
YoY Change 464.09% 262.35% 7.84%
% of Gross Profit 48.46% 122.22% 17.34%
Operating Expenses $114.3M $244.0M $45.20M
YoY Change 152.88% 66.67% 14.14%
Operating Profit $141.8M -$142.0M $81.70M
YoY Change 73.56% -133.1% -49.69%
Interest Expense -$70.10M -$238.0M -$24.70M
YoY Change 183.81% 135.64% -5.0%
% of Operating Profit -49.44% -30.23%
Other Income/Expense, Net $25.80M -$51.00M $900.0K
YoY Change 2766.67% -56.03% -78.05%
Pretax Income $60.30M -$193.0M $57.90M
YoY Change 4.15% -161.66% -56.95%
Income Tax -$12.50M -$111.0M -$5.500M
% Of Pretax Income -20.73% -9.5%
Net Earnings $64.00M -$122.0M $63.20M
YoY Change 1.27% -141.64% -89.63%
Net Earnings / Revenue 2.84% -2.28% 11.83%
Basic Earnings Per Share -$0.32 $0.23
Diluted Earnings Per Share $152.2K -$0.32 $0.23
COMMON SHARES
Basic Shares Outstanding 399.2M shares 379.0M shares 270.1M shares
Diluted Shares Outstanding 379.0M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $112.0M $112.0M $353.0M
YoY Change -68.27% -32.12% -57.11%
Cash & Equivalents $112.0M $112.0M $353.0M
Short-Term Investments
Other Short-Term Assets $189.0M $165.0M $75.00M
YoY Change 152.0% -37.26% 88.44%
Inventory $3.828B $3.828B $317.0M
Prepaid Expenses
Receivables $1.169B $1.169B $94.00M
Other Receivables $24.00M $24.00M $59.00M
Total Short-Term Assets $5.298B $5.298B $898.0M
YoY Change 489.98% 489.98% -39.31%
LONG-TERM ASSETS
Property, Plant & Equipment $8.743B $8.743B $1.929B
YoY Change 353.24% 353.24% 50.0%
Goodwill $1.406B $2.000M
YoY Change 70200.0%
Intangibles $48.10M
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.324B $1.136B $215.0M
YoY Change 515.81% 85.02% 20.85%
Total Long-Term Assets $11.47B $11.47B $2.606B
YoY Change 340.25% 340.25% 27.12%
TOTAL ASSETS
Total Short-Term Assets $5.298B $5.298B $898.0M
Total Long-Term Assets $11.47B $11.47B $2.606B
Total Assets $16.77B $16.77B $3.504B
YoY Change 378.62% 378.62% -0.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.575B $1.575B $193.0M
YoY Change 716.06% 716.06% 3.32%
Accrued Expenses $664.0M $664.0M $126.3M
YoY Change 425.73% 509.17% -20.52%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $34.00M $91.00M
YoY Change
Total Short-Term Liabilities $2.929B $2.929B $409.0M
YoY Change 616.14% 616.14% -12.64%
LONG-TERM LIABILITIES
Long-Term Debt $5.390B $5.634B $2.114B
YoY Change 154.97% 166.51% 1.01%
Other Long-Term Liabilities $1.260B $5.129B $311.0M
YoY Change 305.14% 723.27% 151.62%
Total Long-Term Liabilities $6.650B $10.76B $2.425B
YoY Change 174.23% 293.24% 9.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.929B $2.929B $409.0M
Total Long-Term Liabilities $6.650B $10.76B $2.425B
Total Liabilities $13.69B $14.02B $3.146B
YoY Change 335.22% 345.49% 1.31%
SHAREHOLDERS EQUITY
Retained Earnings -$2.989B -$2.842B
YoY Change 5.17% -7.13%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $354.0M $391.0M
YoY Change -9.46% 110.1%
Treasury Stock Shares 29.32M shares 31.80M shares
Shareholders Equity $2.018B $2.756B $358.0M
YoY Change
Total Liabilities & Shareholders Equity $16.77B $16.77B $3.504B
YoY Change 378.62% 378.62% -0.73%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $64.00M -$122.0M $63.20M
YoY Change 1.27% -141.64% -89.63%
Depreciation, Depletion And Amortization $124.1M $308.0M $22.00M
YoY Change 464.09% 262.35% 7.84%
Cash From Operating Activities -$207.4M -$258.0M $175.4M
YoY Change -218.24% -145.42% -40.14%
INVESTING ACTIVITIES
Capital Expenditures -$146.1M $525.0M -$191.1M
YoY Change -23.55% -19.97% 96.6%
Acquisitions
YoY Change
Other Investing Activities -$655.7M -$10.00M -$3.800M
YoY Change 17155.26% -16.67% 72.73%
Cash From Investing Activities -$801.8M -$2.042B -$194.9M
YoY Change 311.39% 217.08% 96.08%
FINANCING ACTIVITIES
Cash Dividend Paid $41.00M
YoY Change -43.06%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $1.023B
YoY Change 40.33%
Cash From Financing Activities 1.065B $2.059B -27.20M
YoY Change -4014.71% -622.59% -89.83%
NET CHANGE
Cash From Operating Activities -207.4M -$258.0M 175.4M
Cash From Investing Activities -801.8M -$2.042B -194.9M
Cash From Financing Activities 1.065B $2.059B -27.20M
Net Change In Cash 55.60M -$241.0M -46.70M
YoY Change -219.06% -48.72% -36.81%
FREE CASH FLOW
Cash From Operating Activities -$207.4M -$258.0M $175.4M
Capital Expenditures -$146.1M $525.0M -$191.1M
Free Cash Flow -$61.30M -$783.0M $366.5M
YoY Change -116.73% 789.77% -6.07%

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3.42
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2020 us-gaap Earnings Per Share Diluted
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CY2019 us-gaap Earnings Per Share Diluted
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CY2018 us-gaap Earnings Per Share Diluted
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CY2020 us-gaap Profit Loss
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CY2018 us-gaap Profit Loss
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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35000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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17000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020 us-gaap Comprehensive Income Net Of Tax
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308000000 USD
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85000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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89000000 USD
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96000000 USD
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0 USD
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17000000 USD
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130000000 USD
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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CY2019 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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-47000000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
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110000000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
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CY2019 us-gaap Other Noncash Income Expense
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CY2018 us-gaap Other Noncash Income Expense
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CY2018 us-gaap Foreign Currency Transaction Gain Loss Realized
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228000000 USD
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CY2019 us-gaap Pension And Other Postretirement Benefit Contributions
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20000000 USD
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32000000 USD
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656000000 USD
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CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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253000000 USD
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48000000 USD
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76000000 USD
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41000000 USD
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72000000 USD
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CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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235000000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
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2060000000 USD
CY2019 us-gaap Proceeds From Lines Of Credit
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CY2018 us-gaap Proceeds From Lines Of Credit
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CY2020 us-gaap Repayments Of Lines Of Credit
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550000000 USD
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CY2020 us-gaap Payments Of Distributions To Affiliates
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CY2018 us-gaap Payments Of Distributions To Affiliates
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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0 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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353000000 USD
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112000000 USD
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353000000 USD
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258000000 USD
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358000000 USD
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105000000 USD
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CY2019 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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CY2020Q4 dei Entity Number Of Employees
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<div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. Our mineral reserves; future realizable cash flow; environmental, reclamation and closure obligations; valuation of business combinations, long-lived assets, inventory, tax assets and post-employment, post-retirement and other employee benefit liabilities; reserves for contingencies and litigation require the use of various management estimates and assumptions. 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>
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104000000 USD
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30000000 USD
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34000000 USD
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13000000 USD
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94000000 USD
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44000000 USD
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29000000 USD
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CY2019 clf Governmentgrantrebate
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10000000 USD
CY2018 clf Governmentgrantrebate
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656000000 USD
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296000000 USD
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CY2018 us-gaap Income Taxes Paid
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120000000 USD
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118000000 USD
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11000000 USD
CY2020 us-gaap Interest Paid Net
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170000000 USD
CY2019 us-gaap Interest Paid Net
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98000000 USD
CY2018 us-gaap Interest Paid Net
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106000000 USD
CY2020 us-gaap Interest Costs Capitalized
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CY2019 us-gaap Interest Costs Capitalized
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25000000 USD
CY2018 us-gaap Interest Costs Capitalized
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7000000 USD
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88000000 USD
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631000000 USD
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12000000 USD
CY2020Q1 clf Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Income Tax Receivable
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3000000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
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32000000 USD
CY2019 clf Business Acquisition Pro Forma Expenses
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76000000 USD
CY2020 clf Business Acquisition Pro Forma Income Tax Statutory Rate
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0.243
CY2020 clf Business Acquisition Pro Forma Income Tax Benefit Expense
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170000000 USD
CY2019 clf Business Acquisition Pro Forma Income Tax Benefit Expense
BusinessAcquisitionProFormaIncomeTaxBenefitExpense
117000000 USD
CY2020 us-gaap Revenues
Revenues
5354000000 USD
CY2019 us-gaap Revenues
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1990000000 USD
CY2018 us-gaap Revenues
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CY2020 us-gaap Deferred Revenue Revenue Recognized1
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CY2020 us-gaap Revenues
Revenues
5354000000 USD
CY2019 us-gaap Revenues
Revenues
1990000000 USD
CY2018 us-gaap Revenues
Revenues
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CY2020 us-gaap Deferred Revenue Revenue Recognized1
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35000000 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
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35000000 USD
CY2020 us-gaap Number Of Operating Segments
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CY2020 us-gaap Number Of Reportable Segments
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CY2020 us-gaap Revenues
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5354000000 USD
CY2019 us-gaap Revenues
Revenues
1990000000 USD
CY2018 us-gaap Revenues
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2332000000 USD
CY2020 clf Adjusted Ebitda Earnings Loss
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353000000 USD
CY2019 clf Adjusted Ebitda Earnings Loss
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525000000 USD
CY2018 clf Adjusted Ebitda Earnings Loss
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CY2020 us-gaap Deferred Revenue Revenue Recognized1
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35000000 USD
CY2020 us-gaap Profit Loss
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CY2019 us-gaap Profit Loss
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293000000 USD
CY2018 us-gaap Profit Loss
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CY2020 clf Interest Income Expensenetincluding Discontinued Operations
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-238000000 USD
CY2019 clf Interest Income Expensenetincluding Discontinued Operations
InterestIncomeExpensenetincludingDiscontinuedOperations
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CY2018 clf Interest Income Expensenetincluding Discontinued Operations
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CY2020 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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-111000000 USD
CY2019 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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18000000 USD
CY2018 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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-460000000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
308000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
85000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
89000000 USD
CY2020 clf Ebitda Earnings Loss
EBITDAEarningsLoss
354000000 USD
CY2019 clf Ebitda Earnings Loss
EBITDAEarningsLoss
497000000 USD
CY2018 clf Ebitda Earnings Loss
EBITDAEarningsLoss
878000000 USD
CY2020 clf Ebitd Aof Noncontrolling Interests
EBITDAofNoncontrollingInterests
56000000 USD
CY2019 clf Ebitd Aof Noncontrolling Interests
EBITDAofNoncontrollingInterests
0 USD
CY2018 clf Ebitd Aof Noncontrolling Interests
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0 USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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130000000 USD
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020 us-gaap Severance Costs1
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38000000 USD
CY2019 us-gaap Severance Costs1
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2000000 USD
CY2018 us-gaap Severance Costs1
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CY2020 clf Business Combination Acquisition Related Cost Excluding Severance Cost
BusinessCombinationAcquisitionRelatedCostExcludingSeveranceCost
52000000 USD
CY2019 clf Business Combination Acquisition Related Cost Excluding Severance Cost
BusinessCombinationAcquisitionRelatedCostExcludingSeveranceCost
7000000 USD
CY2018 clf Business Combination Acquisition Related Cost Excluding Severance Cost
BusinessCombinationAcquisitionRelatedCostExcludingSeveranceCost
0 USD
CY2020 clf Amortizationof Inventory Stepup
AmortizationofInventoryStepup
96000000 USD
CY2019 clf Amortizationof Inventory Stepup
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0 USD
CY2018 clf Amortizationof Inventory Stepup
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0 USD
CY2020 clf Ebitda Earnings Loss From Discontinued Operations
EBITDAEarningsLossFromDiscontinuedOperations
1000000 USD
CY2019 clf Ebitda Earnings Loss From Discontinued Operations
EBITDAEarningsLossFromDiscontinuedOperations
-1000000 USD
CY2018 clf Ebitda Earnings Loss From Discontinued Operations
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121000000 USD
CY2020 us-gaap Difference Between Reported Amount And Reporting Currency Denominated Amount Value
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0 USD
CY2019 us-gaap Difference Between Reported Amount And Reporting Currency Denominated Amount Value
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0 USD
CY2018 us-gaap Difference Between Reported Amount And Reporting Currency Denominated Amount Value
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CY2020 us-gaap Asset Impairment Charges
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CY2019 us-gaap Asset Impairment Charges
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CY2018 us-gaap Asset Impairment Charges
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CY2020 clf Adjusted Ebitda Earnings Loss
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353000000 USD
CY2019 clf Adjusted Ebitda Earnings Loss
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525000000 USD
CY2018 clf Adjusted Ebitda Earnings Loss
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CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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41000000 USD
CY2020 clf Depreciation Depletionand Amortization Attributableto Noncontrolling Interests
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15000000 USD
CY2018 us-gaap Depreciation
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CY2020 us-gaap Depreciation Depletion And Amortization
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308000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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85000000 USD
CY2018 clf Depreciation Depletionand Amortizationexcluding Depreciation Amortizationand Depletionexpensefor Discontinued Operations
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74000000 USD
CY2020 us-gaap Property Plant And Equipment Additions
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483000000 USD
CY2019 us-gaap Property Plant And Equipment Additions
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690000000 USD
CY2018 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
395000000 USD
CY2020Q4 us-gaap Assets
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CY2019Q4 us-gaap Assets
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CY2020 us-gaap Revenues
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5354000000 USD
CY2019 us-gaap Revenues
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1990000000 USD
CY2018 us-gaap Revenues
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2332000000 USD
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CY2019Q4 us-gaap Property Plant And Equipment Net
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1929000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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1286000000 USD
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10217000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
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3027000000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1474000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1098000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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8743000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Finance Lease Right Of Use Asset
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361000000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
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49000000 USD
CY2020 us-gaap Depreciation
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77000000 USD
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CY2019 us-gaap Interest Costs Capitalized
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CY2020Q4 us-gaap Mineral Properties Gross
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CY2019Q4 us-gaap Mineral Properties Gross
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142000000 USD
CY2019Q4 us-gaap Mineral Properties Accumulated Depletion
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134000000 USD
CY2020Q4 us-gaap Mineral Properties Net
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CY2019Q4 us-gaap Mineral Properties Net
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403000000 USD
CY2020Q4 us-gaap Land
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CY2019Q4 us-gaap Land
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8000000 USD
CY2019 us-gaap Depletion
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8000000 USD
CY2018 us-gaap Depletion
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7000000 USD
CY2020Q4 us-gaap Goodwill
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CY2019Q4 us-gaap Goodwill
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2000000 USD
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220000000 USD
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32000000 USD
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188000000 USD
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71000000 USD
CY2020Q4 clf Finite Lived Intangible Liability Accumulated Amortization
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7000000 USD
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64000000 USD
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8000000 USD
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1000000 USD
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10000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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10000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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10000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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10000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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10000000 USD
CY2020 clf Amortizationof Intangible Liability
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7000000 USD
CY2020Q4 clf Finite Lived Intangible Liabilities Amortization Credit Next Twelve Months
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8000000 USD
CY2020Q4 clf Finite Lived Intangible Liabilities Amortization Credit Year Four
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearFour
8000000 USD
CY2020Q4 clf Finite Lived Intangible Liabilities Amortization Credit Year Two
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearTwo
8000000 USD
CY2020Q4 clf Finite Lived Intangible Liabilities Amortization Credit Year Three
FiniteLivedIntangibleLiabilitiesAmortizationCreditYearThree
8000000 USD
CY2020Q4 clf Finite Lived Intangible Liabilities Amortization Credit Year Five
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8000000 USD
CY2020Q4 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt Current
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34000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5390000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2114000000 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2020Q2 clf Reductionof Principal Long Term Debt
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181000000 USD
CY2020 us-gaap Extinguishment Of Debt Amount
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1513000000 USD
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130000000 USD
CY2019 us-gaap Extinguishment Of Debt Amount
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724000000 USD
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CY2018 us-gaap Extinguishment Of Debt Amount
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227000000 USD
CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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34000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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0 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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13000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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457000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1740000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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3351000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
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5595000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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188000000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
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233000000 USD
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CY2019Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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1010000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
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4000000 USD
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0.0605
CY2019Q4 us-gaap Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
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0.0650
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0.0459
CY2019Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.0500
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2031
CY2019 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
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2026
CY2020 us-gaap Defined Contribution Plan Cost Recognized
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22000000 USD
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3000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
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3000000 USD
CY2020 us-gaap Multiemployer Plan Employer Contribution Cost
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30000000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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CY2019 us-gaap Allocated Share Based Compensation Expense
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18000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2019 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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14000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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15000000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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14000000 USD
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EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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10.42
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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563230 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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10.42
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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10.25
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CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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11.86
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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0 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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7.01
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
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36640 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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7.70
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
7726 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
41.04
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
0 shares
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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2485808 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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11.60
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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563230 shares
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10.42
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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563230 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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10.42
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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2172052 shares
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11.86
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563230 shares
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10.42
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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563230 shares
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10.42
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P3Y2M12D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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11000000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y6M
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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9000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2019Q4 us-gaap Asset Retirement Obligation
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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
CY2019Q4 clf Us Gaap Common Stock Special Dividends Per Share Cash Paid
UsGaap_CommonStockSpecialDividendsPerShareCashPaid
0.04
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 USD
CY2019Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
253000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Before Tax1
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-219000000 USD
CY2020Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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-86000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-133000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Before Tax1
AccumulatedOtherComprehensiveIncomeLossBeforeTax1
-458000000 USD
CY2019Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
AociIncludingPortionAttributableToNoncontrollingInterestTax
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CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-319000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Before Tax1
AccumulatedOtherComprehensiveIncomeLossBeforeTax1
-412000000 USD
CY2018Q4 us-gaap Aoci Including Portion Attributable To Noncontrolling Interest Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-39000000 USD
CY2018 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-41000000 USD
CY2018 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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-204000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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24000000 USD
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160000000 USD
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26000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-133000000 USD
CY2020 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
893000000 USD
CY2019 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1015000000 USD
CY2018 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1344000000 USD
CY2020 us-gaap Revenues
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5354000000 USD
CY2019 us-gaap Revenues
Revenues
1990000000 USD
CY2018 us-gaap Revenues
Revenues
2332000000 USD
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PercentageOfRelatedPartyRevenue
0.167
CY2019 clf Percentage Of Related Party Revenue
PercentageOfRelatedPartyRevenue
0.510
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PercentageOfRelatedPartyRevenue
0.576
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RelatedPartyTransactionPurchasesFromRelatedParty
16000000 USD
CY2019 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0 USD
CY2018 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
0 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
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35000000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
2000000 USD
CY2019Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
31000000 USD
CY2020Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
0 USD
CY2019Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
45000000 USD
CY2020Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
6000000 USD
CY2019Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0 USD
CY2020Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
0 USD
CY2019Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
2000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-122000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
293000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-82000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
295000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1040000000 USD
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
41000000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-123000000 USD
CY2019 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
295000000 USD
CY2018 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1040000000 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1000000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-2000000 USD
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
88000000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
1128000000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
379000000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277000000 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
297000000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
4000000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
3000000 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2019 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3000000 shares
CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4000000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
379000000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
284000000 shares
CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
304000000 shares
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.32
CY2019 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.07
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.50
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2018 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.30
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.06
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.80
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.32
CY2019 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.04
CY2018 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.42
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
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
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.32
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.03
CY2018 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.71
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
135000000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2000000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
18000000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
0 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
117000000 USD
CY2019Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
2000000 USD

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