XML 43 R50.htm IDEA: XBRL DOCUMENT
v2.4.1.9

SEGMENT REPORTING (Schedule Of Segment Reporting Information, By Segment) (Details) (USD $) In Millions, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Segment Reporting Information [Line Items] |  |  |  |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ (761.7)us-gaap_ProfitLoss |  | $ (70.7)us-gaap_ProfitLoss |
Revenues from producet sales and services, percent | 100.00%clf_PercentageOfSegmentRevenue |  | 100.00%clf_PercentageOfSegmentRevenue |
Revenues from product sales and services | 446.0 us-gaap_Revenues |  | 615.5 us-gaap_Revenues |
Sales Margin | 80.8 us-gaap_GrossProfit |  | 190.0 us-gaap_GrossProfit |
Other operating expense | (8.9)us-gaap_OperatingExpenses |  | (50.8)us-gaap_OperatingExpenses |
Other expense | 270.0 us-gaap_NonoperatingIncomeExpense |  | (39.6)us-gaap_NonoperatingIncomeExpense |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES | 341.9 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |  | 99.6 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Depreciation, depletion and amortization | 33.0 us-gaap_DepreciationDepletionAndAmortization |  | 141.1 us-gaap_DepreciationDepletionAndAmortization |
Depreciation, Depletion and Amortization excluding Depreciation, Amortization and Depletion expense for Discontinued Operations | 29.8 clf_DepreciationDepletionandAmortizationexcludingDepreciationAmortizationandDepletionexpenseforDiscontinuedOperations |  | 69.7 clf_DepreciationDepletionandAmortizationexcludingDepreciationAmortizationandDepletionexpenseforDiscontinuedOperations |
EBITDA | (509.5)clf_EBITDA |  | 91.3 clf_EBITDA |
Capital Additions | 13.3 us-gaap_PropertyPlantAndEquipmentAdditions | [1] | 19.0 us-gaap_PropertyPlantAndEquipmentAdditions | [1]
Interest Income (Expense), net, including Discontinued Operations | (44.2)clf_InterestIncomeExpensenetincludingDiscontinuedOperations |  | (42.7)clf_InterestIncomeExpensenetincludingDiscontinuedOperations |
Income Tax Expense (Benefit), including Discontinued Operations | (175.0)clf_IncomeTaxExpenseBenefitincludingDiscontinuedOperations |  | 21.8 clf_IncomeTaxExpenseBenefitincludingDiscontinuedOperations |
Gain on extinguishment of debt | 313.7 us-gaap_GainsLossesOnExtinguishmentOfDebt |  | 0 us-gaap_GainsLossesOnExtinguishmentOfDebt |
Adjusted EBITDA | 94.4 clf_AdjustedEBITDA |  | 208.6 clf_AdjustedEBITDA |
U.S. Iron Ore [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues from producet sales and services, percent | 70.00%clf_PercentageOfSegmentRevenue / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |  | 59.00%clf_PercentageOfSegmentRevenue / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |
Revenues from product sales and services | 311.8 us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |  | 361.3 us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |
Sales Margin | 80.0 us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |  | 95.0 us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |
Depreciation, depletion and amortization | 21.7 us-gaap_DepreciationDepletionAndAmortization / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |  | 28.7 us-gaap_DepreciationDepletionAndAmortization / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |
EBITDA | 101.6 clf_EBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |  | 123.6 clf_EBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |
Capital Additions | 9.5 us-gaap_PropertyPlantAndEquipmentAdditions / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember | [1] | 14.9 us-gaap_PropertyPlantAndEquipmentAdditions / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember | [1]
Adjusted EBITDA | 105.1 clf_AdjustedEBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |  | 128.7 clf_AdjustedEBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreMember |
Asia Pacific Iron Ore [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Revenues from producet sales and services, percent | 30.00%clf_PercentageOfSegmentRevenue / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |  | 41.00%clf_PercentageOfSegmentRevenue / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |
Revenues from product sales and services | 134.2 us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |  | 254.2 us-gaap_Revenues / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |
Sales Margin | 0.8 us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |  | 66.3 us-gaap_GrossProfit / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |
Depreciation, depletion and amortization | 6.3 us-gaap_DepreciationDepletionAndAmortization / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |  | 39.1 us-gaap_DepreciationDepletionAndAmortization / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |
EBITDA | 18.0 clf_EBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |  | 85.3 clf_EBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |
Capital Additions | 3.4 us-gaap_PropertyPlantAndEquipmentAdditions / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember | [1] | 3.2 us-gaap_PropertyPlantAndEquipmentAdditions / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember | [1]
Adjusted EBITDA | 5.7 clf_AdjustedEBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |  | 99.1 clf_AdjustedEBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_AsiaPacificIronOreMember |
Discontinued Operations [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Eliminations with Discontinued Operations | 0 clf_EliminationswithDiscontinuedOperations / us-gaap_StatementBusinessSegmentsAxis = us-gaap_SegmentDiscontinuedOperationsMember |  | 28.7 clf_EliminationswithDiscontinuedOperations / us-gaap_StatementBusinessSegmentsAxis = us-gaap_SegmentDiscontinuedOperationsMember |
All Other Segments [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Depreciation, depletion and amortization | 1.8 us-gaap_DepreciationDepletionAndAmortization / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember |  | 1.9 us-gaap_DepreciationDepletionAndAmortization / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember |
Capital Additions | 0.4 us-gaap_PropertyPlantAndEquipmentAdditions / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | [1] | 0.9 us-gaap_PropertyPlantAndEquipmentAdditions / us-gaap_StatementBusinessSegmentsAxis = us-gaap_AllOtherSegmentsMember | [1]
Other Segment [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
EBITDA | (629.1)clf_EBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_OtherSegmentMember |  | (117.6)clf_EBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_OtherSegmentMember |
Adjusted EBITDA | (16.4)clf_AdjustedEBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_OtherSegmentMember |  | (19.2)clf_AdjustedEBITDA / us-gaap_StatementBusinessSegmentsAxis = clf_OtherSegmentMember |
EBITDA Calculation [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Depreciation, depletion and amortization | (33.0)us-gaap_DepreciationDepletionAndAmortization / clf_EBITDACalculationAxis = clf_EBITDACalculationMember |  | (141.1)us-gaap_DepreciationDepletionAndAmortization / clf_EBITDACalculationAxis = clf_EBITDACalculationMember |
Adjusted EBITDA Calculation [Member] |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Impact of Discontinued Operations | (924.1)clf_ImpactofDiscontinuedOperations / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |  | (118.1)clf_ImpactofDiscontinuedOperations / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |
North American Coal Impact | (5.5)clf_NorthAmericanCoalImpact / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |  | 18.2 clf_NorthAmericanCoalImpact / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |
Foreign Exchange Remeasurement | 13.5 clf_ForeignExchangeRemeasurement / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |  | (11.4)clf_ForeignExchangeRemeasurement / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |
Severance Costs in SG&A | $ (1.5)clf_SeveranceCostsinSGA / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |  | $ (6.0)clf_SeveranceCostsinSGA / clf_AdjustedEBITACalculationAxis = clf_AdjustedEBITDACalculationMember |
[1] | Includes capital lease additions and non-cash accruals. Refer to NOTE 17 - CASH FLOW INFORMATION.

X
- Definition Adjusted Earnings Before Interest, Taxes and Depreciation, Depletion and Amortization + References No definition available. + Details
Name: | clf_AdjustedEBITDA
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Depreciation, Depletion and Amortization excluding Depreciation, Amortization and Depletion expense for Discontinued Operations + References No definition available. + Details
Name: | clf_DepreciationDepletionandAmortizationexcludingDepreciationAmortizationandDepletionexpenseforDiscontinuedOperations
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Earnings before Interest, Taxes, and Depreciation, Depletion and Amortization + References No definition available. + Details
Name: | clf_EBITDA
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Eliminations with Discontinued Operations + References No definition available. + Details
Name: | clf_EliminationswithDiscontinuedOperations
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Foreign Exchange Remeasurement + References No definition available. + Details
Name: | clf_ForeignExchangeRemeasurement
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Impact of Discontinued Operations + References No definition available. + Details
Name: | clf_ImpactofDiscontinuedOperations
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Income Tax Expense (Benefit), including Discontinued Operations + References No definition available. + Details
Name: | clf_IncomeTaxExpenseBenefitincludingDiscontinuedOperations
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Interest Income (Expense), net, including Discontinued Operations + References No definition available. + Details
Name: | clf_InterestIncomeExpensenetincludingDiscontinuedOperations
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition North American Coal Impact + References No definition available. + Details
Name: | clf_NorthAmericanCoalImpact
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage of Segment Revenue + References No definition available. + Details
Name: | clf_PercentageOfSegmentRevenue
Namespace Prefix: | clf_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Severance Costs in SG&A + References No definition available. + Details
Name: | clf_SeveranceCostsinSGA
Namespace Prefix: | clf_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
Name: | us-gaap_DepreciationDepletionAndAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6850294&loc=d3e12317-112629 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6850294&loc=d3e12355-112629 + Details
Name: | us-gaap_GainsLossesOnExtinguishmentOfDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1,2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_GrossProfit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. + 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.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5 + Details
Name: | us-gaap_NonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. + References No definition available. + Details
Name: | us-gaap_OperatingExpenses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591552-111686 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (a),(c) -URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=35736750&loc=SL4591551-111686 + Details
Name: | us-gaap_ProfitLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of acquisition of long-lived, physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAdditions
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Details
Name: | clf_AdjustedEBITACalculationAxis=clf_AdjustedEBITDACalculationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | clf_EBITDACalculationAxis=clf_EBITDACalculationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=clf_AsiaPacificIronOreMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=clf_OtherSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=clf_USIronOreMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_AllOtherSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_SegmentDiscontinuedOperationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |