$CLF
CLEVELAND-CLIFFS INC. Stock $clf

$clf Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000076406523000129 Filed on July 26, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$5.605B	$5.984B
YoY Change	-0.85%	-5.57%
Cost Of Revenue	$5.125B	$5.340B
YoY Change	-3.39%	-0.3%
Gross Profit	$480.0M	$644.0M
YoY Change	37.93%	-34.35%
Gross Profit Margin	8.56%	10.76%
Selling, General & Admin	$144.0M	$146.0M
YoY Change	16.13%	36.45%
% of Gross Profit	30.0%	22.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$249.0M	$247.0M
YoY Change	5.06%	-0.8%
% of Gross Profit	51.88%	38.35%
Operating Expenses	$144.0M	$161.0M
YoY Change	16.13%	50.47%
Operating Profit	$325.0M	$483.0M
YoY Change	73.8%	-42.5%
Interest Expense	-$70.00M	-$79.00M
YoY Change	9.38%	23.44%
% of Operating Profit	-21.54%	-16.36%
Other Income/Expense, Net	-$22.00M	$54.00M
YoY Change	83.33%	-165.06%
Pretax Income	$303.0M	$458.0M
YoY Change	73.14%	-39.5%
Income Tax	$29.00M	$102.0M
% Of Pretax Income	9.57%	22.27%
Net Earnings	$264.0M	$347.0M
YoY Change	73.68%	-41.78%
Net Earnings / Revenue	4.71%	5.8%
Basic Earnings Per Share	$0.52	$0.68
Diluted Earnings Per Share	$0.52	$0.68
COMMON SHARES
Basic Shares Outstanding	508.7M shares	515.1M shares
Diluted Shares Outstanding	509.0M shares	514.0M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$31.00M	$34.00M
YoY Change	-44.64%	-27.66%
Cash & Equivalents	$31.00M	$34.00M
Short-Term Investments
Other Short-Term Assets	$196.0M	$114.0M
YoY Change	-53.99%	-68.85%
Inventory	$4.592B	$4.727B
Prepaid Expenses
Receivables	$2.122B	$2.290B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$6.941B	$7.165B
YoY Change	-16.62%	-18.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$8.837B	$8.878B
YoY Change	-2.14%	-1.87%
Goodwill	$1.130B	$1.130B
YoY Change	-0.96%	-1.65%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$759.0M	$923.0M
YoY Change	-5.36%	-14.14%
Total Long-Term Assets	$11.12B	$11.14B
YoY Change	-2.16%	-1.18%
TOTAL ASSETS
Total Short-Term Assets	$6.941B	$7.165B
Total Long-Term Assets	$11.12B	$11.14B
Total Assets	$18.06B	$18.30B
YoY Change	-8.27%	-8.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.076B	$2.116B
YoY Change	-12.07%	-18.43%
Accrued Expenses	$263.0M	$716.0M
YoY Change	-45.09%	33.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.294B	$3.408B
YoY Change	-7.99%	-14.52%
LONG-TERM LIABILITIES
Long-Term Debt	$3.458B	$3.963B
YoY Change	-22.73%	-15.1%
Other Long-Term Liabilities	$1.362B	$2.343B
YoY Change	-15.61%	51.26%
Total Long-Term Liabilities	$4.820B	$6.306B
YoY Change	-20.84%	1.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.294B	$3.408B
Total Long-Term Liabilities	$4.820B	$6.306B
Total Liabilities	$9.795B	$10.50B
YoY Change	-21.14%	-19.5%
SHAREHOLDERS EQUITY
Retained Earnings	$1.888B	$1.624B
YoY Change	21.96%	16.33%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$8.020B	$7.802B
YoY Change
Total Liabilities & Shareholders Equity	$18.06B	$18.30B
YoY Change	-8.27%	-8.66%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$264.0M	$347.0M
YoY Change	73.68%	-41.78%
Depreciation, Depletion And Amortization	$249.0M	$247.0M
YoY Change	5.06%	-0.8%
Cash From Operating Activities	$767.0M	$887.0M
YoY Change	43.1%	2.54%
INVESTING ACTIVITIES
Capital Expenditures	$162.0M	$131.0M
YoY Change	-165.32%	-156.47%
Acquisitions
YoY Change
Other Investing Activities	$2.000M	$6.000M
YoY Change	-116.67%
Cash From Investing Activities	-$160.0M	-$125.0M
YoY Change	-38.46%	-46.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-610.0M	-787.0M
YoY Change	128.46%	26.73%
NET CHANGE
Cash From Operating Activities	767.0M	887.0M
Cash From Investing Activities	-160.0M	-125.0M
Cash From Financing Activities	-610.0M	-787.0M
Net Change In Cash	-3.000M	-25.00M
YoY Change	-133.33%	-308.33%
FREE CASH FLOW
Cash From Operating Activities	$767.0M	$887.0M
Capital Expenditures	$162.0M	$131.0M
Free Cash Flow	$605.0M	$756.0M
YoY Change	-22.83%	-31.08%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.67
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	usd
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	29000000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	16000000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	151000000	usd
	us-gaap	Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash	-79000000	usd
	us-gaap	Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash	-54000000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-80000000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-9000000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1000000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-310000000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-467000000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	94000000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	176000000	usd
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	750000000	usd
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1319000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2679000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	3260000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	3710000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	2624000000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	34000000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-121000000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-73000000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-530000000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-932000000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	8000000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	26000000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8042000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-221000000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-9000000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	19000000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7793000000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	348000000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	12000000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	95000000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	14000000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8044000000	usd
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5774000000	usd
CY2022Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	911000000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments	-25000000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	-5000000	usd
CY2022Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	19000000	usd
CY2022Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	8000000	usd
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	157000000	usd
	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	290000000	usd
	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	489000000	usd
	clf	Capital Expenditures Incurredbut Notyet Paid Increase Decrease In Period CapitalExpendituresIncurredbutNotyetPaidIncreaseDecreaseInPeriod	-89000000	usd
	clf	Capital Expenditures Incurredbut Notyet Paid Increase Decrease In Period CapitalExpendituresIncurredbutNotyetPaidIncreaseDecreaseInPeriod	-2000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	60000000	usd
	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	23000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	319000000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	468000000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	37000000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	299000000	usd
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	138000000	usd
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	1000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	142000000	usd
	us-gaap	Interest Paid Net InterestPaidNet	133000000	usd
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	6000000	usd
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	5000000	usd
CY2023Q2	us-gaap	Revenues Revenues	5984000000	usd
CY2022Q2	us-gaap	Revenues Revenues	6337000000	usd
	us-gaap	Revenues Revenues	11279000000	usd
	us-gaap	Revenues Revenues	12292000000	usd
CY2023Q2	us-gaap	Revenues Revenues	5984000000	usd
CY2022Q2	us-gaap	Revenues Revenues	6337000000	usd
	us-gaap	Revenues Revenues	11279000000	usd
	us-gaap	Revenues Revenues	12292000000	usd
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	segment
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q2	us-gaap	Revenues Revenues	5984000000	usd
CY2022Q2	us-gaap	Revenues Revenues	6337000000	usd
	us-gaap	Revenues Revenues	11279000000	usd
	us-gaap	Revenues Revenues	12292000000	usd
CY2023Q2	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	775000000	usd
CY2022Q2	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	1131000000	usd
	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	1018000000	usd
	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	2583000000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	356000000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	601000000	usd
	us-gaap	Profit Loss ProfitLoss	314000000	usd
	us-gaap	Profit Loss ProfitLoss	1415000000	usd
CY2023Q2	clf	Ebitda Earnings Loss EBITDAEarningsLoss	784000000	usd
CY2022Q2	clf	Ebitda Earnings Loss EBITDAEarningsLoss	1072000000	usd
	clf	Ebitda Earnings Loss EBITDAEarningsLoss	1048000000	usd
	clf	Ebitda Earnings Loss EBITDAEarningsLoss	2501000000	usd
CY2023Q2	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	775000000	usd
CY2022Q2	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	1131000000	usd
	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	1018000000	usd
	clf	Adjusted Ebitda Earnings Loss AdjustedEBITDAEarningsLoss	2583000000	usd
CY2023Q2	us-gaap	Assets Assets	18303000000	usd
CY2022Q4	us-gaap	Assets Assets	18755000000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	247000000	usd
CY2022Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	250000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	489000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	551000000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	162000000	usd
CY2022Q2	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	308000000	usd
	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	290000000	usd
	us-gaap	Property Plant And Equipment Additions PropertyPlantAndEquipmentAdditions	489000000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	12655000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	12388000000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	3777000000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	3318000000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	8878000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9070000000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	467000000	usd
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	408000000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	246000000	usd
	us-gaap	Depreciation Depreciation	485000000	usd
CY2022Q2	us-gaap	Depreciation Depreciation	249000000	usd
	us-gaap	Depreciation Depreciation	547000000	usd
CY2023Q2	us-gaap	Goodwill Goodwill	1130000000	usd
CY2022Q4	us-gaap	Goodwill Goodwill	1130000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	269000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	62000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	207000000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	269000000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	55000000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	214000000	usd
CY2023Q2	clf	Finite Lived Intangible Liability Gross FiniteLivedIntangibleLiabilityGross	71000000	usd
CY2023Q2	clf	Finite Lived Intangible Liability Accumulated Amortization FiniteLivedIntangibleLiabilityAccumulatedAmortization	22000000	usd
CY2023Q2	clf	Finite Lived Intangible Liability Net FiniteLivedIntangibleLiabilityNet	49000000	usd
CY2022Q4	clf	Finite Lived Intangible Liability Gross FiniteLivedIntangibleLiabilityGross	71000000	usd
CY2022Q4	clf	Finite Lived Intangible Liability Accumulated Amortization FiniteLivedIntangibleLiabilityAccumulatedAmortization	19000000	usd
CY2022Q4	clf	Finite Lived Intangible Liability Net FiniteLivedIntangibleLiabilityNet	52000000	usd
CY2022Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3000000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7000000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	6000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	13000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	13000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	13000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	13000000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	13000000	usd
CY2023Q2	clf	Amortizationof Intangible Liability AmortizationofIntangibleLiability	2000000	usd
CY2022Q2	clf	Amortizationof Intangible Liability AmortizationofIntangibleLiability	2000000	usd
	clf	Amortizationof Intangible Liability AmortizationofIntangibleLiability	3000000	usd
	clf	Amortizationof Intangible Liability AmortizationofIntangibleLiability	3000000	usd
CY2023Q2	clf	Finite Lived Intangible Liabilities Amortization Credit Remainderof Fiscal Year FiniteLivedIntangibleLiabilitiesAmortizationCreditRemainderofFiscalYear	2000000	usd
CY2023Q2	clf	Finite Lived Intangible Liabilities Amortization Credit Year Three FiniteLivedIntangibleLiabilitiesAmortizationCreditYearThree	5000000	usd
CY2023Q2	clf	Finite Lived Intangible Liabilities Amortization Credit Year Two FiniteLivedIntangibleLiabilitiesAmortizationCreditYearTwo	5000000	usd
CY2023Q2	clf	Finite Lived Intangible Liabilities Amortization Credit Year Four FiniteLivedIntangibleLiabilitiesAmortizationCreditYearFour	5000000	usd
CY2023Q2	clf	Finite Lived Intangible Liabilities Amortization Credit Year Five FiniteLivedIntangibleLiabilitiesAmortizationCreditYearFive	5000000	usd
CY2023Q2	clf	Finite Lived Intangible Liabilities Amortization Credit Next Twelve Months FiniteLivedIntangibleLiabilitiesAmortizationCreditNextTwelveMonths	5000000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4025000000	usd
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4306000000	usd
CY2023Q2	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	62000000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet	57000000	usd
CY2023Q2	us-gaap	Long Term Debt LongTermDebt	3963000000	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	4249000000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	829000000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	685000000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	2511000000	usd
CY2023Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	4025000000	usd
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.22
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.22
CY2023Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	525000000	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	520000000	usd
CY2023Q2	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	21000000	usd
CY2022Q4	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	21000000	usd
CY2023Q2	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	504000000	usd
CY2022Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	499000000	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	520000000	usd
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	449000000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	13000000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	15000000	usd
	clf	Asset Retirement Obligation Reclassification AssetRetirementObligationReclassification	0	usd
	clf	Asset Retirement Obligation Reclassification AssetRetirementObligationReclassification	63000000	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	1000000	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	21000000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	9000000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	16000000	usd
CY2023Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	525000000	usd
CY2022Q2	us-gaap	Asset Retirement Obligation AssetRetirementObligation	532000000	usd
CY2022Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1000000000	usd
CY2023Q2	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	666000000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1643000000	usd
CY2022Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	658000000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1643000000	usd
CY2022Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	658000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	356000000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	600000000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	313000000	usd
	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	1413000000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	9000000	usd
CY2022Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	5000000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	24000000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	18000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	347000000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	595000000	usd
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	289000000	usd
	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	1395000000	usd
CY2023Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	0	usd
CY2022Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	1000000	usd
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	1000000	usd
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	2000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	347000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	596000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	290000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1397000000	usd
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	513000000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	523000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	514000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	522000000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2022Q2	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	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	4000000	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000000	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000000	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3000000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	514000000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	526000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	515000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	529000000	shares
CY2023Q2	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.68
CY2022Q2	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	1.14
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.56
	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	2.67
CY2023Q2	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare	0
CY2022Q2	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
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.68
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.14
CY2023Q2	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.67
CY2022Q2	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	1.13
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.56
	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	2.64
CY2023Q2	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare	0
CY2022Q2	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
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.67
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.13
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.64
CY2023Q2	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	144000000	usd
CY2022Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	141000000	usd
CY2023Q2	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	25000000	usd
CY2022Q4	us-gaap	Accrued Environmental Loss Contingencies Current AccruedEnvironmentalLossContingenciesCurrent	23000000	usd
CY2023Q2	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	119000000	usd
CY2022Q4	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	118000000	usd
CY2023Q2	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	3000000	usd
CY2023Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0000764065-23-000129-index-headers.html	Edgar Link	pending
0000764065-23-000129-index.html	Edgar Link	pending
0000764065-23-000129.txt	Edgar Link	pending
0000764065-23-000129-xbrl.zip	Edgar Link	pending
clf-20230630.htm	Edgar Link	pending
clf-20230630.xsd	Edgar Link	pending
clf-20230630_g1.jpg	Edgar Link	pending
clf-20230630_g2.jpg	Edgar Link	pending
clf-20230630_g3.jpg	Edgar Link	pending
clf-20230630_g4.jpg	Edgar Link	pending
clf-20230630_g5.jpg	Edgar Link	pending
clf-20230630_g6.jpg	Edgar Link	pending
clf-20230630_g7.jpg	Edgar Link	pending
clf-20230630_g8.jpg	Edgar Link	pending
clf-20230630_g9.jpg	Edgar Link	pending
clf-202363010xqex101.htm	Edgar Link	pending
clf-202363010xqex102.htm	Edgar Link	pending
clf-202363010xqex103.htm	Edgar Link	pending
clf-202363010xqex22.htm	Edgar Link	pending
clf-202363010xqex311.htm	Edgar Link	pending
clf-202363010xqex312.htm	Edgar Link	pending
clf-202363010xqex321.htm	Edgar Link	pending
clf-202363010xqex322.htm	Edgar Link	pending
clf-202363010xqex41.htm	Edgar Link	pending
clf-202363010xqex95.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
clf-20230630_cal.xml	Edgar Link	unprocessable
clf-20230630_def.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
clf-20230630_pre.xml	Edgar Link	unprocessable
clf-20230630_lab.xml	Edgar Link	unprocessable
clf-20230630_htm.xml	Edgar Link	completed
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CLF
CLEVELAND-CLIFFS INC. Stock $clf

2023 Q3 Form 10-Q Financial Statement

#000076406523000129 Filed on July 26, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CLF CLEVELAND-CLIFFS INC. Stock $clf

2023 Q3 Form 10-Q Financial Statement

#000076406523000129 Filed on July 26, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CLF
CLEVELAND-CLIFFS INC. Stock $clf