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QUARTERLY RESULTS OF OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2016
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)
2016
Quarters |  |
First |  | Second |  | Third |  | Fourth |  | Year
Revenues from product sales and services | $ | 305.5 |  |  | $ | 496.2 |  |  | $ | 553.3 |  |  | $ | 754.0 |  |  | $ | 2,109.0 |
Sales margin | 30.9 |  |  | 91.5 |  |  | 85.4 |  |  | 181.5 |  |  | 389.3 |
Income (Loss) from Continuing Operations | $ | 114.3 |  |  | $ | 29.9 |  |  | $ | (25.1 | ) |  | $ | 100.1 |  |  | $ | 219.2 |
Loss (Income) from Continuing Operations attributable to Noncontrolling Interest | (8.8 | ) |  | (16.7 | ) |  | 2.0 |  |  | (1.7 | ) |  | (25.2 | )
Net Income (Loss) from Continuing Operations attributable to Cliffs shareholders | 105.5 |  |  | 13.2 |  |  | (23.1 | ) |  | 98.4 |  |  | 194.0 |
Income (Loss) from Discontinued Operations, net of tax | 2.5 |  |  | (0.4 | ) |  | (2.7 | ) |  | (19.3 | ) |  | (19.9 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS | $ | 108.0 |  |  | $ | 12.8 |  |  | $ | (25.8 | ) |  | $ | 79.1 |  |  | $ | 174.1 |
Earnings (loss) per common share attributable to Cliffs common shareholders — Basic: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | 0.61 |  |  | $ | 0.07 |  |  | $ | (0.11 | ) |  | $ | 0.43 |  |  | $ | 0.98 |
Discontinued Operations | 0.01 |  |  | — |  |  | (0.01 | ) |  | (0.08 | ) |  | (0.10 | )
| $ | 0.62 |  |  | $ | 0.07 |  |  | $ | (0.12 | ) |  | $ | 0.35 |  |  | $ | 0.88 |
Earnings (loss) per common share attributable to Cliffs common shareholders — Diluted: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | 0.61 |  |  | $ | 0.07 |  |  | $ | (0.11 | ) |  | $ | 0.42 |  |  | $ | 0.97 |
Discontinued Operations | 0.01 |  |  | — |  |  | (0.01 | ) |  | (0.08 | ) |  | (0.10 | )
| $ | 0.62 |  |  | $ | 0.07 |  |  | $ | (0.12 | ) |  | $ | 0.34 |  |  | $ | 0.87 |
The diluted earnings per share calculation for the third quarter of 2016 exclude equity plan awards of 3.0 million that were anti-dilutive. There was no anti-dilution in the first, second or fourth quarter of 2016.
| (In Millions, Except Per Share Amounts)
| 2015
Quarters |  |
First |  | Second |  | Third |  | Fourth |  | Year
Revenues from product sales and services | $ | 446.0 |  |  | $ | 498.1 |  |  | $ | 593.2 |  |  | $ | 476.0 |  |  | $ | 2,013.3 |
Sales margin | 80.8 |  |  | 57.3 |  |  | 55.1 |  |  | 43.3 |  |  | 236.5 |
Income (Loss) from Continuing Operations | $ | 166.8 |  |  | $ | (38.2 | ) |  | $ | 49.9 |  |  | $ | (34.8 | ) |  | $ | 143.7 |
Loss (Income) from Continuing Operations attributable to Noncontrolling Interest | 1.9 |  |  | (5.0 | ) |  | 4.6 |  |  | (2.4 | ) |  | (8.6 | )
Net Income (Loss) from Continuing Operations attributable to Cliffs shareholders | $ | 168.7 |  |  | $ | (43.2 | ) |  | $ | 54.5 |  |  | $ | (37.2 | ) |  | $ | 135.1 |
Income (Loss) from Discontinued Operations, net of tax | (928.5 | ) |  | 103.4 |  |  | (43.9 | ) |  | (23.1 | ) |  | (884.4 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | (759.8 | ) |  | $ | 60.2 |  |  | $ | 10.6 |  |  | $ | (60.3 | ) |  | $ | (749.3 | )
PREFERRED STOCK DIVIDENDS | (12.8 | ) |  | — |  |  | (25.6 | ) |  | — |  |  | (38.4 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS | (772.6 | ) |  | 60.2 |  |  | (15.0 | ) |  | (60.3 | ) |  | (787.7 | )
Earnings (loss) per common share attributable to Cliffs common shareholders — Basic: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | 1.02 |  |  | $ | (0.28 | ) |  | $ | 0.19 |  |  | $ | (0.24 | ) |  | $ | 0.63 |
Discontinued Operations | (6.06 | ) |  | 0.67 |  |  | (0.29 | ) |  | (0.15 | ) |  | (5.77 | )
| $ | (5.04 | ) |  | $ | 0.39 |  |  | $ | (0.10 | ) |  | $ | (0.39 | ) |  | $ | (5.14 | )
Earnings (loss) per common share attributable to Cliffs common shareholders — Diluted: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | 0.94 |  |  | $ | (0.28 | ) |  | $ | 0.19 |  |  | $ | (0.24 | ) |  | $ | 0.63 |
Discontinued Operations | (5.20 | ) |  | 0.67 |  |  | (0.29 | ) |  | (0.15 | ) |  | (5.76 | )
| $ | (4.26 | ) |  | $ | 0.39 |  |  | $ | (0.10 | ) |  | $ | (0.39 | ) |  | $ | (5.13 | )
The diluted earnings per share calculation for the second, third and fourth quarter of 2015 exclude depositary shares that were anti-dilutive ranging between 25.2 million and 25.6 million and equity plan awards ranging between 0.1 million and 0.3 million that were anti-dilutive. There was no anti-dilution in the first quarter of 2015.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, 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=68076893&loc=d3e1280-108306 + Details
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