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SHAREHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2015
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | NOTE 16 - SHAREHOLDERS' EQUITY (DEFICIT) The following table reflects the changes in shareholders' equity (deficit) attributable to both Cliffs and the noncontrolling interests primarily related to Bloom Lake, Tilden and Empire of which Cliffs owns 82.8 percent, 85 percent and 79 percent, respectively, for the three months ended March 31, 2015 and March 31, 2014:
| (In Millions)
| Cliffs Shareholders’ Equity (Deficit) |  | Noncontrolling Interest (Deficit) |  | Total Equity (Deficit)
December 31, 2014 | $ | (1,431.3 | ) |  | $ | (303.0 | ) |  | $ | (1,734.3 | )
Comprehensive income |  |  |  |  |
Net loss | (759.8 | ) |  | (1.9 | ) |  | (761.7 | )
Other comprehensive income | 207.6 |  |  | (10.8 | ) |  | 196.8 |
Total comprehensive income | (552.2 | ) |  | (12.7 | ) |  | (564.9 | )
Effect of deconsolidation | — |  |  | 528.2 |  |  | 528.2 |
Stock and other incentive plans | 0.6 |  |  | — |  |  | 0.6 |
Preferred share dividends | (12.8 | ) |  | — |  |  | (12.8 | )
Undistributed losses to noncontrolling interest | — |  |  | 1.1 |  |  | 1.1 |
March 31, 2015 | $ | (1,995.7 | ) |  | $ | 213.6 |  |  | $ | (1,782.1 | )
| (In Millions)
| Cliffs Shareholders’ Equity (Deficit) |  | Noncontrolling Interest (Deficit) |  | Total Equity (Deficit)
December 31, 2013 | $ | 6,069.5 |  |  | $ | 814.8 |  |  | $ | 6,884.3 |
Comprehensive income |  |  |  |  |
Net income | (70.3 | ) |  | (0.4 | ) |  | (70.7 | )
Other comprehensive income | 57.8 |  |  | 0.5 |  |  | 58.3 |
Total comprehensive income | (12.5 | ) |  | 0.1 |  |  | (12.4 | )
Stock and other incentive plans | (1.4 | ) |  | — |  |  | (1.4 | )
Common and preferred share dividends | (36.1 | ) |  | — |  |  | (36.1 | )
Undistributed losses to noncontrolling interest | — |  |  | 1.2 |  |  | 1.2 |
March 31, 2014 | $ | 6,019.5 |  |  | $ | 816.1 |  |  | $ | 6,835.6 |
The following table reflects the changes in Accumulated other comprehensive income (loss) related to Cliffs shareholders’ equity for March 31, 2015 and March 31, 2014:
| (In Millions)
| Changes in Pension and Other Post-Retirement Benefits, net of tax |  | Unrealized Net Gain (Loss) on Securities, net of tax |  | Unrealized Net Gain (Loss) on Foreign Currency Translation |  | Net Unrealized Gain (Loss) on Derivative Financial Instruments, net of tax |  | Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2014 | $ | (291.1 | ) |  | $ | (1.0 | ) |  | $ | 64.4 |  |  | $ | (18.1 | ) |  | $ | (245.8 | )
Other comprehensive income (loss) before reclassifications | 31.1 |  |  | 2.8 |  |  | (14.7 | ) |  | (7.1 | ) |  | 12.1 |
Net loss (gain) reclassified from accumulated other comprehensive income (loss) | 8.5 |  |  | (2.0 | ) |  | 182.7 |  |  | 6.3 |  |  | 195.5 |
Balance March 31, 2015 | $ | (251.5 | ) |  | $ | (0.2 | ) |  | $ | 232.4 |  |  | $ | (18.9 | ) |  | $ | (38.2 | )
| (In Millions)
| Changes in Pension and Other Post-Retirement Benefits, net of tax |  | Unrealized Net Gain (Loss) on Securities, net of tax |  | Unrealized Net Gain (Loss) on Foreign Currency Translation |  | Net Unrealized Gain (Loss) on Derivative Financial Instruments, net of tax |  | Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2013 | $ | (204.9 | ) |  | $ | 6.2 |  |  | $ | 106.7 |  |  | $ | (20.9 | ) |  | $ | (112.9 | )
Other comprehensive income (loss) before reclassifications | (0.4 | ) |  | 3.8 |  |  | 40.5 |  |  | (2.3 | ) |  | 41.6 |
Net loss (gain) reclassified from accumulated other comprehensive income (loss) | 3.3 |  |  | 0.1 |  |  | — |  |  | 12.8 |  |  | 16.2 |
Balance March 31, 2014 | $ | (202.0 | ) |  | $ | 10.1 |  |  | $ | 147.2 |  |  | $ | (10.4 | ) |  | $ | (55.1 | )
The following table reflects the details about Accumulated other comprehensive income (loss) components related to Cliffs shareholders’ equity for the three months ended March 31, 2015:
|  | (In Millions) |  |
Details about Accumulated Other Comprehensive Income (Loss) Components |  | Amount of (Gain)/Loss Reclassified into Income |  | Affected Line Item in the Statement of Unaudited Condensed Consolidated Operations
| Three Months Ended March 31, |
| 2015 |  | 2014 |
Amortization of Pension and Postretirement Benefit Liability: |  |  |  |  |  |
Prior service costs (1) |  | $ | (0.3 | ) |  | $ | (0.3 | ) |  |
Net actuarial loss (1) |  | 8.5 |  |  | 4.8 |  |  |
Settlements/curtailments (1) |  | 0.3 |  |  | 0.3 |  |  |
|  | 8.5 |  |  | 4.8 |  |  | Total before taxes
|  | — |  |  | (1.6 | ) |  | Income tax benefit (expense)
|  | $ | 8.5 |  |  | $ | 3.2 |  |  | Net of taxes
Unrealized gain (loss) on marketable securities: |  |  |  |  |  |
Sale of marketable securities |  | $ | — |  |  | $ | 0.1 |  |  | Other non-operating income (expense)
Impairment |  | (2.0 | ) |  | — |  |  | Other non-operating income (expense)
|  | (2.0 | ) |  | 0.1 |  |  | Total before taxes
|  | — |  |  | — |  |  | Income tax benefit (expense)
|  | $ | (2.0 | ) |  | $ | 0.1 |  |  | Net of taxes
Unrealized gain (loss) on foreign currency translation: |  |  |  |  |  |
Effect of deconsolidation (2) |  | $ | 182.7 |  |  | $ | — |  |  | Loss from Discontinued Operations, net of tax
|  | — |  |  | — |  |  | Income tax benefit (expense)
|  | $ | 182.7 |  |  | $ | — |  |  | Net of taxes
Unrealized gain (loss) on derivative financial instruments: |  |  |  |  |  |
Australian dollar foreign exchange contracts |  | $ | 9.0 |  |  | $ | 13.0 |  |  | Product revenues
Canadian dollar foreign exchange contracts |  | — |  |  | 5.5 |  |  | Cost of goods sold and operating expenses
|  | 9.0 |  |  | 18.5 |  |  | Total before taxes
|  | (2.7 | ) |  | (5.7 | ) |  | Income tax benefit (expense)
|  | $ | 6.3 |  |  | $ | 12.8 |  |  | Net of taxes
Total Reclassifications for the Period |  | $ | 195.5 |  |  | $ | 16.1 |  |  |
(1) | These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. See NOTE 7 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS for further information.
(2) | Represents Canadian accumulated currency translation adjustments deconsolidated on January 27, 2015.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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