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QUARTERLY RESULTS OF OPERATIONS - (UNAUDITED) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information [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)
2017
Quarters |  |
First |  | Second |  | Third |  | Fourth |  | Year
Revenues from product sales and services | $ | 461.6 |  |  | $ | 569.3 |  |  | $ | 698.4 |  |  | $ | 600.9 |  |  | $ | 2,330.2 |
Sales margin | 95.7 |  |  | 145.1 |  |  | 160.2 |  |  | 100.7 |  |  | 501.7 |
Income (Loss) from Continuing Operations | $ | (30.3 | ) |  | $ | 76.5 |  |  | $ | 20.6 |  |  | $ | 315.0 |  |  | $ | 381.8 |
Loss from Continuing Operations attributable to Noncontrolling Interest | 1.7 |  |  | 1.7 |  |  | 0.5 |  |  | — |  |  | 3.9 |
Net Income (Loss) from Continuing Operations attributable to Cliffs shareholders | (28.6 | ) |  | 78.2 |  |  | 21.1 |  |  | 315.0 |  |  | 385.7 |
Income (Loss) from Discontinued Operations, net of tax | 0.5 |  |  | (46.4 | ) |  | 32.3 |  |  | (5.1 | ) |  | (18.7 | )
NET INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | (28.1 | ) |  | $ | 31.8 |  |  | $ | 53.4 |  |  | $ | 309.9 |  |  | $ | 367.0 |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Basic: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | (0.11 | ) |  | $ | 0.26 |  |  | $ | 0.07 |  |  | $ | 1.06 |  |  | $ | 1.34 |
Discontinued Operations | — |  |  | (0.16 | ) |  | 0.11 |  |  | (0.02 | ) |  | (0.06 | )
| $ | (0.11 | ) |  | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 1.04 |  |  | $ | 1.28 |
Earnings (Loss) per Common Share Attributable to Cliffs Common Shareholders - Diluted: |  |  |  |  |  |  |  |  |
Continuing Operations | $ | (0.11 | ) |  | $ | 0.26 |  |  | $ | 0.07 |  |  | $ | 1.05 |  |  | $ | 1.32 |
Discontinued Operations | — |  |  | (0.15 | ) |  | 0.11 |  |  | (0.02 | ) |  | (0.06 | )
| $ | (0.11 | ) |  | $ | 0.11 |  |  | $ | 0.18 |  |  | $ | 1.03 |  |  | $ | 1.26 |
The diluted earnings per share calculation for the first quarter of 2017 excludes equity plan awards of 4.6 million that were anti-dilutive. There was no anti-dilution in the second, third or fourth quarter of 2017.
| (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 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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