XML 79 R50.htm IDEA: XBRL DOCUMENT
v2.4.1.9

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) QUARTERLY RESULTS OF OPERATIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information [Table Text Block] | The sum of quarterly EPS may not equal EPS for the year due to discrete quarterly calculations.
| (In Millions, Except Per Share Amounts)
2014
Quarters |  |
First |  | Second |  | Third |  | Fourth |  | Year
Revenues from product sales and services | $ | 940.0 |  |  | $ | 1,100.8 |  |  | $ | 1,298.2 |  |  | $ | 1,284.7 |  |  | $ | 4,623.7 |
Sales margin | 63.2 |  |  | 92.0 |  |  | 127.5 |  |  | 168.7 |  |  | 451.4 |
Net Income (Loss) from Continuing Operations attributable to Cliffs shareholders | $ | (70.3 | ) |  | $ | 10.9 |  |  | $ | (5,879.6 | ) |  | $ | (1,285.1 | ) |  | $ | (7,224.2 | )
Income from Discontinued Operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net Income (Loss) Attributable to Cliffs Shareholders | $ | (70.3 | ) |  | $ | 10.9 |  |  | $ | (5,879.6 | ) |  | $ | (1,285.1 | ) |  | $ | (7,224.2 | )
Preferred Stock Dividends | $ | (12.8 | ) |  | $ | (12.8 | ) |  | $ | (12.8 | ) |  | $ | (12.8 | ) |  | $ | (51.2 | )
Net Income (Loss) Attributable to Cliffs Common Shareholders | $ | (83.1 | ) |  | $ | (1.9 | ) |  | $ | (5,892.4 | ) |  | $ | (1,297.9 | ) |  | $ | (7,275.4 | )
Earnings per common share attributable to Cliffs common shareholders — Basic: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | (0.54 | ) |  | $ | (0.01 | ) |  | $ | (38.49 | ) |  | $ | (8.48 | ) |  | $ | (47.52 | )
Discontinued Operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | (0.54 | ) |  | $ | (0.01 | ) |  | $ | (38.49 | ) |  | $ | (8.48 | ) |  | $ | (47.52 | )
Earnings per common share attributable to Cliffs common shareholders — Diluted: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | (0.54 | ) |  | $ | (0.01 | ) |  | $ | (38.49 | ) |  | $ | (8.48 | ) |  | $ | (47.52 | )
Discontinued Operations | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | (0.54 | ) |  | $ | (0.01 | ) |  | $ | (38.49 | ) |  | $ | (8.48 | ) |  | $ | (47.52 | )
The diluted earnings per share calculation for all quarters of 2014 exclude depositary shares that were anti-dilutive totaling 25.2 million million and equity plan awards ranging between 0.3 million and 0.8 million each quarter that were anti-dilutive.
| 2013
Quarters |  |
First |  | Second |  | Third |  | Fourth |  | Year
Revenues from product sales and services | $ | 1,140.5 |  |  | $ | 1,488.5 |  |  | $ | 1,546.6 |  |  | $ | 1,515.8 |  |  | $ | 5,691.4 |
Sales margin | 237.9 |  |  | 268.2 |  |  | 348.7 |  |  | 294.5 |  |  | 1,149.3 |
Net Income (Loss) from Continuing Operations attributable to Cliffs shareholders | $ | 107.0 |  |  | $ | 146.0 |  |  | $ | 115.2 |  |  | $ | 43.3 |  |  | $ | 411.5 |
Income (Loss) and Gain on Sale from Discontinued Operations, net of tax | — |  |  | — |  |  | 2.0 |  |  | — |  |  | 2.0 |
Net Income Attributable to Cliffs Shareholders | $ | 107.0 |  |  | $ | 146.0 |  |  | $ | 117.2 |  |  | $ | 43.3 |  |  | $ | 413.5 |
Earnings per common share attributable to Cliffs common shareholders — Basic: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | 0.66 |  |  | $ | 0.87 |  |  | $ | 0.67 |  |  | $ | 0.20 |  |  | $ | 2.39 |
Discontinued Operations | — |  |  | — |  |  | 0.01 |  |  | — |  |  | 0.01 |
| $ | 0.66 |  |  | $ | 0.87 |  |  | $ | 0.68 |  |  | $ | 0.20 |  |  | $ | 2.40 |
Earnings per common share attributable to Cliffs common shareholders — Diluted: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | 0.66 |  |  | $ | 0.82 |  |  | $ | 0.65 |  |  | $ | 0.20 |  |  | $ | 2.36 |
Discontinued Operations | — |  |  | — |  |  | 0.01 |  |  | — |  |  | 0.01 |
| $ | 0.66 |  |  | $ | 0.82 |  |  | $ | 0.66 |  |  | $ | 0.20 |  |  | $ | 2.37 |
The diluted earnings per share calculation for the first and fourth quarters of 2013 exclude depositary shares that were anti-dilutive totaling 12.9 million and 25.2 million, respectively.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration