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SUPPLEMENTARY GUARANTOR INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2017 | Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |  |
Schedule of Supplemental Condensed Consolidating Financial Position |
Condensed Consolidating Statement of Financial Position
As of December 31, 2017
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 948.9 |  |  | $ | 2.1 |  |  | $ | 56.7 |  |  | $ | — |  |  | $ | 1,007.7 |
Accounts receivable, net | 4.5 |  |  | 102.9 |  |  | 33.9 |  |  | (0.7 | ) |  | 140.6 |
Inventories | — |  |  | 138.4 |  |  | 45.0 |  |  | — |  |  | 183.4 |
Supplies and other inventories | — |  |  | 88.8 |  |  | 5.1 |  |  | — |  |  | 93.9 |
Derivative assets | — |  |  | 37.9 |  |  | 1.5 |  |  | — |  |  | 39.4 |
Loans to and accounts receivables from the Canadian Entities | 44.7 |  |  | 6.9 |  |  | — |  |  | — |  |  | 51.6 |
Other current assets | 16.4 |  |  | 7.5 |  |  | 4.1 |  |  | — |  |  | 28.0 |
TOTAL CURRENT ASSETS | 1,014.5 |  |  | 384.5 |  |  | 146.3 |  |  | (0.7 | ) |  | 1,544.6 |
PROPERTY, PLANT AND EQUIPMENT, NET | 17.5 |  |  | 959.0 |  |  | 74.5 |  |  | — |  |  | 1,051.0 |
INCOME TAX RECEIVABLE | 235.3 |  |  | — |  |  | — |  |  | — |  |  | 235.3 |
INVESTMENT IN SUBSIDIARIES | 1,024.3 |  |  | 29.9 |  |  | — |  |  | (1,054.2 | ) |  | — |
LONG-TERM INTERCOMPANY NOTES | — |  |  | — |  |  | 242.0 |  |  | (242.0 | ) |  | — |
OTHER NON-CURRENT ASSETS | 7.8 |  |  | 93.0 |  |  | 21.7 |  |  | — |  |  | 122.5 |
TOTAL ASSETS | $ | 2,299.4 |  |  | $ | 1,466.4 |  |  | $ | 484.5 |  |  | $ | (1,296.9 | ) |  | $ | 2,953.4 |
LIABILITIES |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Accounts payable | $ | 7.1 |  |  | $ | 89.7 |  |  | $ | 31.6 |  |  | $ | (0.7 | ) |  | $ | 127.7 |
Accrued employment costs | 13.7 |  |  | 38.9 |  |  | 3.5 |  |  | — |  |  | 56.1 |
State and local taxes payable | — |  |  | 30.0 |  |  | 0.2 |  |  | — |  |  | 30.2 |
Accrued expenses | 5.3 |  |  | 13.2 |  |  | 15.2 |  |  | — |  |  | 33.7 |
Accrued interest | 31.4 |  |  | — |  |  | — |  |  | — |  |  | 31.4 |
Accrued royalties | — |  |  | 7.8 |  |  | 9.5 |  |  | — |  |  | 17.3 |
Contingent claims | 55.6 |  |  | — |  |  | — |  |  | — |  |  | 55.6 |
Partnership distribution payable | — |  |  | 44.2 |  |  | — |  |  | — |  |  | 44.2 |
Other current liabilities | 2.1 |  |  | 33.5 |  |  | 20.4 |  |  | — |  |  | 56.0 |
TOTAL CURRENT LIABILITIES | 115.2 |  |  | 257.3 |  |  | 80.4 |  |  | (0.7 | ) |  | 452.2 |
POSTEMPLOYMENT BENEFIT LIABILITIES |  |  |  |  |  |  |  |  |
Pensions | 59.2 |  |  | 403.6 |  |  | (240.0 | ) |  | — |  |  | 222.8 |
Other postretirement benefits | 7.2 |  |  | 27.0 |  |  | 0.7 |  |  | — |  |  | 34.9 |
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES | 66.4 |  |  | 430.6 |  |  | (239.3 | ) |  | — |  |  | 257.7 |
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS | — |  |  | 140.6 |  |  | 55.9 |  |  | — |  |  | 196.5 |
LONG-TERM DEBT | 2,304.2 |  |  | — |  |  | — |  |  | — |  |  | 2,304.2 |
LONG-TERM INTERCOMPANY NOTES | 242.0 |  |  | — |  |  | — |  |  | (242.0 | ) |  | — |
OTHER LIABILITIES | 15.7 |  |  | 147.2 |  |  | 24.0 |  |  | — |  |  | 186.9 |
TOTAL LIABILITIES | 2,743.5 |  |  | 975.7 |  |  | (79.0 | ) |  | (242.7 | ) |  | 3,397.5 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |  |
EQUITY |  |  |  |  |  |  |  |  |
TOTAL CLIFFS SHAREHOLDERS' DEFICIT | (444.1 | ) |  | 490.7 |  |  | 563.3 |  |  | (1,054.2 | ) |  | (444.3 | )
NONCONTROLLING INTEREST | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
TOTAL DEFICIT | (444.1 | ) |  | 490.7 |  |  | 563.5 |  |  | (1,054.2 | ) |  | (444.1 | )
TOTAL LIABILITIES AND DEFICIT | $ | 2,299.4 |  |  | $ | 1,466.4 |  |  | $ | 484.5 |  |  | $ | (1,296.9 | ) |  | $ | 2,953.4 |
Condensed Consolidating Statement of Financial Position
As of December 31, 2016
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 283.4 |  |  | $ | 2.5 |  |  | $ | 37.5 |  |  | $ | — |  |  | $ | 323.4 |
Accounts receivable, net | 4.5 |  |  | 59.3 |  |  | 65.7 |  |  | (0.8 | ) |  | 128.7 |
Inventories | — |  |  | 137.0 |  |  | 41.4 |  |  | — |  |  | 178.4 |
Supplies and other inventories | — |  |  | 86.4 |  |  | 5.0 |  |  | — |  |  | 91.4 |
Derivative assets | — |  |  | 31.7 |  |  | 1.4 |  |  | — |  |  | 33.1 |
Loans to and accounts receivables from the Canadian Entities | 41.7 |  |  | 6.9 |  |  | — |  |  | — |  |  | 48.6 |
Other current assets | 8.6 |  |  | 8.2 |  |  | 4.2 |  |  | — |  |  | 21.0 |
TOTAL CURRENT ASSETS | 338.2 |  |  | 332.0 |  |  | 155.2 |  |  | (0.8 | ) |  | 824.6 |
PROPERTY, PLANT AND EQUIPMENT, NET | 21.4 |  |  | 937.7 |  |  | 25.3 |  |  | — |  |  | 984.4 |
INVESTMENT IN SUBSIDIARIES | 882.4 |  |  | 24.6 |  |  | — |  |  | (907.0 | ) |  | — |
LONG-TERM INTERCOMPANY NOTES | — |  |  | — |  |  | 197.0 |  |  | (197.0 | ) |  | — |
OTHER NON-CURRENT ASSETS | 11.0 |  |  | 94.1 |  |  | 9.8 |  |  | — |  |  | 114.9 |
TOTAL ASSETS | $ | 1,253.0 |  |  | $ | 1,388.4 |  |  | $ | 387.3 |  |  | $ | (1,104.8 | ) |  | $ | 1,923.9 |
LIABILITIES |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Accounts payable | $ | 1.6 |  |  | $ | 92.6 |  |  | $ | 14.2 |  |  | $ | (0.8 | ) |  | $ | 107.6 |
Accrued employment costs | 15.6 |  |  | 34.6 |  |  | 5.9 |  |  | — |  |  | 56.1 |
State and local taxes payable | — |  |  | 28.1 |  |  | 0.2 |  |  | — |  |  | 28.3 |
Accrued expenses | 7.6 |  |  | 14.4 |  |  | 19.1 |  |  | — |  |  | 41.1 |
Accrued interest | 40.2 |  |  | — |  |  | — |  |  | — |  |  | 40.2 |
Accrued royalties | — |  |  | 13.0 |  |  | 13.2 |  |  | — |  |  | 26.2 |
Partnership distribution payable | — |  |  | 8.7 |  |  | — |  |  | — |  |  | 8.7 |
Other current liabilities | 23.0 |  |  | 35.3 |  |  | 24.6 |  |  | — |  |  | 82.9 |
TOTAL CURRENT LIABILITIES | 88.0 |  |  | 226.7 |  |  | 77.2 |  |  | (0.8 | ) |  | 391.1 |
POSTEMPLOYMENT BENEFIT LIABILITIES |  |  |  |  |  |  |  |  |
Pensions | 56.9 |  |  | 397.4 |  |  | (208.6 | ) |  | — |  |  | 245.7 |
Other postretirement benefits | 7.6 |  |  | 26.5 |  |  | 0.7 |  |  | — |  |  | 34.8 |
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES | 64.5 |  |  | 423.9 |  |  | (207.9 | ) |  | — |  |  | 280.5 |
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS | — |  |  | 153.9 |  |  | 40.0 |  |  | — |  |  | 193.9 |
LONG-TERM DEBT | 2,175.1 |  |  | — |  |  | — |  |  | — |  |  | 2,175.1 |
LONG-TERM INTERCOMPANY NOTES | 197.0 |  |  | — |  |  | — |  |  | (197.0 | ) |  | — |
OTHER LIABILITIES | 58.9 |  |  | 118.8 |  |  | 36.1 |  |  | — |  |  | 213.8 |
TOTAL LIABILITIES | 2,583.5 |  |  | 923.3 |  |  | (54.6 | ) |  | (197.8 | ) |  | 3,254.4 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |  |
EQUITY |  |  |  |  |  |  |  |  |
TOTAL CLIFFS SHAREHOLDERS' DEFICIT | (1,330.5 | ) |  | 331.5 |  |  | 441.7 |  |  | (907.0 | ) |  | (1,464.3 | )
NONCONTROLLING INTEREST | — |  |  | 133.6 |  |  | 0.2 |  |  | — |  |  | 133.8 |
TOTAL DEFICIT | (1,330.5 | ) |  | 465.1 |  |  | 441.9 |  |  | (907.0 | ) |  | (1,330.5 | )
TOTAL LIABILITIES AND DEFICIT | $ | 1,253.0 |  |  | $ | 1,388.4 |  |  | $ | 387.3 |  |  | $ | (1,104.8 | ) |  | $ | 1,923.9 |
Schedule of Supplemental Statements of Condensed Consolidating Operations and Comprehensive Income (Loss) |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Year Ended December 31, 2017
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES FROM PRODUCT SALES AND SERVICES |  |  |  |  |  |  |  |  |
Product | $ | — |  |  | $ | 1,644.6 |  |  | $ | 444.6 |  |  | $ | — |  |  | $ | 2,089.2 |
Freight and venture partners' cost reimbursements | — |  |  | 221.4 |  |  | 19.6 |  |  | — |  |  | 241.0 |
| — |  |  | 1,866.0 |  |  | 464.2 |  |  | — |  |  | 2,330.2 |
COST OF GOODS SOLD AND OPERATING EXPENSES | — |  |  | (1,400.6 | ) |  | (427.9 | ) |  | — |  |  | (1,828.5 | )
SALES MARGIN | — |  |  | 465.4 |  |  | 36.3 |  |  | — |  |  | 501.7 |
OTHER OPERATING INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | (81.4 | ) |  | (24.7 | ) |  | 0.3 |  |  | — |  |  | (105.8 | )
Miscellaneous - net | (2.2 | ) |  | 12.3 |  |  | 17.6 |  |  | — |  |  | 27.7 |
| (83.6 | ) |  | (12.4 | ) |  | 17.9 |  |  | — |  |  | (78.1 | )
OPERATING INCOME (LOSS) | (83.6 | ) |  | 453.0 |  |  | 54.2 |  |  | — |  |  | 423.6 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense, net | (126.8 | ) |  | (1.0 | ) |  | (4.2 | ) |  | — |  |  | (132.0 | )
Loss on extinguishment/restructuring of debt | (165.4 | ) |  | — |  |  | — |  |  | — |  |  | (165.4 | )
Other non-operating income | 0.1 |  |  | 3.1 |  |  | — |  |  | — |  |  | 3.2 |
| (292.1 | ) |  | 2.1 |  |  | (4.2 | ) |  | — |  |  | (294.2 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (375.7 | ) |  | 455.1 |  |  | 50.0 |  |  | — |  |  | 129.4 |
INCOME TAX BENEFIT (EXPENSE) | 251.4 |  |  | 1.3 |  |  | (0.3 | ) |  | — |  |  | 252.4 |
EQUITY IN INCOME OF SUBSIDIARIES | 512.6 |  |  | 11.8 |  |  | — |  |  | (524.4 | ) |  | — |
INCOME FROM CONTINUING OPERATIONS | 388.3 |  |  | 468.2 |  |  | 49.7 |  |  | (524.4 | ) |  | 381.8 |
LOSS (INCOME) FROM DISCONTINUED OPERATIONS, net of tax | (21.3 | ) |  | 1.7 |  |  | 0.9 |  |  | — |  |  | (18.7 | )
NET INCOME | 367.0 |  |  | 469.9 |  |  | 50.6 |  |  | (524.4 | ) |  | 363.1 |
LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST | — |  |  | 3.9 |  |  | — |  |  | — |  |  | 3.9 |
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 367.0 |  |  | $ | 473.8 |  |  | $ | 50.6 |  |  | $ | (524.4 | ) |  | $ | 367.0 |
OTHER COMPREHENSIVE INCOME (LOSS) | (4.0 | ) |  | 12.8 |  |  | (5.2 | ) |  | (7.6 | ) |  | (4.0 | )
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 363.0 |  |  | $ | 486.6 |  |  | $ | 45.4 |  |  | $ | (532.0 | ) |  | $ | 363.0 |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Year Ended December 31, 2016
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES FROM PRODUCT SALES AND SERVICES |  |  |  |  |  |  |  |  |
Product | $ | — |  |  | $ | 1,379.6 |  |  | $ | 533.9 |  |  | $ | — |  |  | $ | 1,913.5 |
Freight and venture partners' cost reimbursements | — |  |  | 174.9 |  |  | 20.6 |  |  | — |  |  | 195.5 |
| — |  |  | 1,554.5 |  |  | 554.5 |  |  | — |  |  | 2,109.0 |
COST OF GOODS SOLD AND OPERATING EXPENSES | — |  |  | (1,278.8 | ) |  | (440.9 | ) |  | — |  |  | (1,719.7 | )
SALES MARGIN | — |  |  | 275.7 |  |  | 113.6 |  |  | — |  |  | 389.3 |
OTHER OPERATING INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | (97.9 | ) |  | (20.8 | ) |  | 0.9 |  |  | — |  |  | (117.8 | )
Miscellaneous - net | (5.6 | ) |  | (10.8 | ) |  | (14.3 | ) |  | — |  |  | (30.7 | )
| (103.5 | ) |  | (31.6 | ) |  | (13.4 | ) |  | — |  |  | (148.5 | )
OPERATING INCOME (LOSS) | (103.5 | ) |  | 244.1 |  |  | 100.2 |  |  | — |  |  | 240.8 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense, net | (195.0 | ) |  | 0.6 |  |  | (6.1 | ) |  | — |  |  | (200.5 | )
Gain on extinguishment/restructuring of debt | 166.3 |  |  | — |  |  | — |  |  | — |  |  | 166.3 |
Other non-operating income (expense) | (0.5 | ) |  | 0.4 |  |  | 0.5 |  |  | — |  |  | 0.4 |
| (29.2 | ) |  | 1.0 |  |  | (5.6 | ) |  | — |  |  | (33.8 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (132.7 | ) |  | 245.1 |  |  | 94.6 |  |  | — |  |  | 207.0 |
INCOME TAX BENEFIT | 4.3 |  |  | 3.0 |  |  | 4.9 |  |  | — |  |  | 12.2 |
EQUITY IN INCOME OF SUBSIDIARIES | 319.6 |  |  | 13.7 |  |  | — |  |  | (333.3 | ) |  | — |
INCOME FROM CONTINUING OPERATIONS | 191.2 |  |  | 261.8 |  |  | 99.5 |  |  | (333.3 | ) |  | 219.2 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax | (17.1 | ) |  | 2.6 |  |  | (5.4 | ) |  | — |  |  | (19.9 | )
NET INCOME | 174.1 |  |  | 264.4 |  |  | 94.1 |  |  | (333.3 | ) |  | 199.3 |
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | — |  |  | (25.2 | ) |  | — |  |  | — |  |  | (25.2 | )
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 174.1 |  |  | $ | 239.2 |  |  | $ | 94.1 |  |  | $ | (333.3 | ) |  | $ | 174.1 |
OTHER COMPREHENSIVE INCOME (LOSS) | (3.3 | ) |  | (20.7 | ) |  | 13.8 |  |  | 6.9 |  |  | (3.3 | )
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 170.8 |  |  | $ | 218.5 |  |  | $ | 107.9 |  |  | $ | (326.4 | ) |  | $ | 170.8 |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
For the Year Ended December 31, 2015
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES FROM PRODUCT SALES AND SERVICES |  |  |  |  |  |  |  |  |
Product | $ | — |  |  | $ | 1,368.1 |  |  | $ | 464.3 |  |  | $ | — |  |  | $ | 1,832.4 |
Freight and venture partners' cost reimbursements | — |  |  | 157.3 |  |  | 23.6 |  |  | — |  |  | 180.9 |
| — |  |  | 1,525.4 |  |  | 487.9 |  |  | — |  |  | 2,013.3 |
COST OF GOODS SOLD AND OPERATING EXPENSES | — |  |  | (1,298.3 | ) |  | (478.5 | ) |  | — |  |  | (1,776.8 | )
SALES MARGIN | — |  |  | 227.1 |  |  | 9.4 |  |  | — |  |  | 236.5 |
OTHER OPERATING INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | (88.5 | ) |  | (21.2 | ) |  | (0.3 | ) |  | — |  |  | (110.0 | )
Miscellaneous - net | 7.7 |  |  | (3.0 | ) |  | 20.1 |  |  | — |  |  | 24.8 |
| (80.8 | ) |  | (24.2 | ) |  | 19.8 |  |  | — |  |  | (85.2 | )
OPERATING INCOME (LOSS) | (80.8 | ) |  | 202.9 |  |  | 29.2 |  |  | — |  |  | 151.3 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense, net | (221.4 | ) |  | (0.1 | ) |  | (7.0 | ) |  | — |  |  | (228.5 | )
Gain on extinguishment/restructuring of debt | 392.9 |  |  | — |  |  | — |  |  | — |  |  | 392.9 |
Other non-operating income (expense) | (114.6 | ) |  | 1.2 |  |  | 110.8 |  |  | — |  |  | (2.6 | )
| 56.9 |  |  | 1.1 |  |  | 103.8 |  |  | — |  |  | 161.8 |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY LOSS FROM VENTURES | (23.9 | ) |  | 204.0 |  |  | 133.0 |  |  | — |  |  | 313.1 |
INCOME TAX BENEFIT (EXPENSE) | (19.1 | ) |  | (176.3 | ) |  | 26.1 |  |  | — |  |  | (169.3 | )
EQUITY IN INCOME (LOSS) OF SUBSIDIARIES | (501.2 | ) |  | 12.9 |  |  | — |  |  | 488.3 |  |  | — |
EQUITY LOSS FROM VENTURES, net of tax | — |  |  | — |  |  | (0.1 | ) |  | — |  |  | (0.1 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS | (544.2 | ) |  | 40.6 |  |  | 159.0 |  |  | 488.3 |  |  | 143.7 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax | (205.1 | ) |  | (762.2 | ) |  | 75.2 |  |  | — |  |  | (892.1 | )
NET INCOME (LOSS) | (749.3 | ) |  | (721.6 | ) |  | 234.2 |  |  | 488.3 |  |  | (748.4 | )
LOSS (INCOME) ATTRIBUTABLE TO NONCONTROLLING INTEREST | — |  |  | (8.6 | ) |  | 7.7 |  |  | — |  |  | (0.9 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | (749.3 | ) |  | $ | (730.2 | ) |  | $ | 241.9 |  |  | $ | 488.3 |  |  | $ | (749.3 | )
PREFERRED STOCK DIVIDENDS | (38.4 | ) |  | — |  |  | — |  |  | — |  |  | (38.4 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS COMMON SHAREHOLDERS | $ | (787.7 | ) |  | $ | (730.2 | ) |  | $ | 241.9 |  |  | $ | 488.3 |  |  | $ | (787.7 | )
OTHER COMPREHENSIVE INCOME | 266.2 |  |  | 20.0 |  |  | 176.4 |  |  | (196.4 | ) |  | 266.2 |
TOTAL COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | (521.5 | ) |  | $ | (710.2 | ) |  | $ | 418.3 |  |  | $ | 291.9 |  |  | $ | (521.5 | )
Schedule of Supplemental Statements of Condensed Consolidating Cash Flows |  |
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2017
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities | $ | (166.8 | ) |  | $ | 430.4 |  |  | $ | 74.5 |  |  | $ | — |  |  | $ | 338.1 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (3.4 | ) |  | (80.6 | ) |  | (67.7 | ) |  | — |  |  | (151.7 | )
Intercompany investing | 225.7 |  |  | (7.4 | ) |  | (45.0 | ) |  | (173.3 | ) |  | — |
Other investing activities | (7.7 | ) |  | 3.4 |  |  | — |  |  | — |  |  | (4.3 | )
Net cash provided (used) in investing activities | 214.6 |  |  | (84.6 | ) |  | (112.7 | ) |  | (173.3 | ) |  | (156.0 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Net proceeds from issuance of common shares | 661.3 |  |  | — |  |  | — |  |  | — |  |  | 661.3 |
Proceeds from issuance of debt | 1,771.5 |  |  | — |  |  | — |  |  | — |  |  | 1,771.5 |
Debt issuance costs | (28.6 | ) |  | — |  |  | — |  |  | — |  |  | (28.6 | )
Repurchase of debt | (1,720.7 | ) |  | — |  |  | — |  |  | — |  |  | (1,720.7 | )
Acquisition of noncontrolling interest | (105.0 | ) |  | — |  |  | — |  |  | — |  |  | (105.0 | )
Distributions of partnership equity | — |  |  | (52.9 | ) |  | — |  |  | — |  |  | (52.9 | )
Intercompany financing | 45.0 |  |  | (288.8 | ) |  | 70.5 |  |  | 173.3 |  |  | — |
Other financing activities | (5.8 | ) |  | (4.5 | ) |  | (16.4 | ) |  | — |  |  | (26.7 | )
Net cash provided (used) by financing activities | 617.7 |  |  | (346.2 | ) |  | 54.1 |  |  | 173.3 |  |  | 498.9 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | 3.3 |  |  | — |  |  | 3.3 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 665.5 |  |  | (0.4 | ) |  | 19.2 |  |  | — |  |  | 684.3 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 283.4 |  |  | 2.5 |  |  | 37.5 |  |  | — |  |  | 323.4 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ | 948.9 |  |  | $ | 2.1 |  |  | $ | 56.7 |  |  | $ | — |  |  | $ | 1,007.7 |
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2016
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities | $ | (275.7 | ) |  | $ | 462.9 |  |  | $ | 115.8 |  |  | $ | — |  |  | $ | 303.0 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (6.2 | ) |  | (60.0 | ) |  | (2.9 | ) |  | — |  |  | (69.1 | )
Intercompany investing | 356.6 |  |  | (3.3 | ) |  | (117.0 | ) |  | (236.3 | ) |  | — |
Other investing activities | 0.4 |  |  | 10.8 |  |  | — |  |  | — |  |  | 11.2 |
Net cash provided (used) by investing activities | 350.8 |  |  | (52.5 | ) |  | (119.9 | ) |  | (236.3 | ) |  | (57.9 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Net proceeds from issuance of common shares | 287.4 |  |  | — |  |  | — |  |  | — |  |  | 287.4 |
Debt issuance costs | (5.2 | ) |  | — |  |  | — |  |  | — |  |  | (5.2 | )
Borrowings under credit facilities | 105.0 |  |  | — |  |  | — |  |  | — |  |  | 105.0 |
Repayments under credit facilities | (105.0 | ) |  | — |  |  | — |  |  | — |  |  | (105.0 | )
Repayments on equipment loans | (95.6 | ) |  | — |  |  | — |  |  | — |  |  | (95.6 | )
Repurchase of debt | (305.4 | ) |  | — |  |  | — |  |  | — |  |  | (305.4 | )
Distributions of partnership equity | — |  |  | (59.9 | ) |  | — |  |  | — |  |  | (59.9 | )
Intercompany financing | 117.0 |  |  | (339.9 | ) |  | (13.4 | ) |  | 236.3 |  |  | — |
Other financing activities | (0.6 | ) |  | (9.9 | ) |  | (17.2 | ) |  | — |  |  | (27.7 | )
Net cash used by financing activities | (2.4 | ) |  | (409.7 | ) |  | (30.6 | ) |  | 236.3 |  |  | (206.4 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 72.7 |  |  | 0.7 |  |  | (35.2 | ) |  | — |  |  | 38.2 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 210.7 |  |  | 1.8 |  |  | 72.7 |  |  | — |  |  | 285.2 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ | 283.4 |  |  | $ | 2.5 |  |  | $ | 37.5 |  |  | $ | — |  |  | $ | 323.4 |
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2015
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities | $ | 65.6 |  |  | $ | (23.7 | ) |  | $ | (4.0 | ) |  | $ | — |  |  | $ | 37.9 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (6.9 | ) |  | (68.2 | ) |  | (5.7 | ) |  | — |  |  | (80.8 | )
Intercompany investments | (205.8 | ) |  | (2.9 | ) |  | (80.0 | ) |  | 288.7 |  |  | — |
Other investing activities | — |  |  | (27.6 | ) |  | 5.2 |  |  | — |  |  | (22.4 | )
Net cash used by investing activities | (212.7 | ) |  | (98.7 | ) |  | (80.5 | ) |  | 288.7 |  |  | (103.2 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt | 503.5 |  |  | — |  |  | — |  |  | — |  |  | 503.5 |
Debt issuance costs | (33.6 | ) |  | — |  |  | — |  |  | — |  |  | (33.6 | )
Borrowings under credit facilities | 296.8 |  |  | — |  |  | 13.0 |  |  | — |  |  | 309.8 |
Repayments on credit facilities | (296.8 | ) |  | — |  |  | (13.0 | ) |  | — |  |  | (309.8 | )
Repayments on equipment loans | (43.6 | ) |  | — |  |  | (1.8 | ) |  | — |  |  | (45.4 | )
Repurchase of debt | (225.9 | ) |  | — |  |  | — |  |  | — |  |  | (225.9 | )
Distributions of partnership equity | — |  |  | (40.6 | ) |  | — |  |  | — |  |  | (40.6 | )
Preferred stock dividends | (51.2 | ) |  | — |  |  | — |  |  | — |  |  | (51.2 | )
Intercompany financing | 80.0 |  |  | 188.5 |  |  | 20.2 |  |  | (288.7 | ) |  | — |
Other financing activities | (5.0 | ) |  | (25.0 | ) |  | (15.8 | ) |  | — |  |  | (45.8 | )
Net cash provided by financing activities | 224.2 |  |  | 122.9 |  |  | 2.6 |  |  | (288.7 | ) |  | 61.0 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | (1.4 | ) |  | — |  |  | (1.4 | )
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 77.1 |  |  | 0.5 |  |  | (83.3 | ) |  | — |  |  | (5.7 | )
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 133.6 |  |  | 1.3 |  |  | 156.0 |  |  | — |  |  | 290.9 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ | 210.7 |  |  | $ | 1.8 |  |  | $ | 72.7 |  |  | $ | — |  |  | $ | 285.2 |

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