XML 61 R43.htm IDEA: XBRL DOCUMENT
v3.8.0.1

SHAREHOLDERS' EQUITY (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Equity [Abstract] |
Schedule of Stockholders Equity | The following table reflects the changes in shareholders' deficit attributable to both us and the noncontrolling interests, primarily related to Tilden and Empire. We own 100% of both mines as of March 31, 2018 and 85% and 79% of each mine, respectively, as of March 31, 2017:
| (In Millions)
| Cliffs Shareholders’ Equity (Deficit) |  | Noncontrolling Interest |  | Total Equity (Deficit)
December 31, 2017 | $ | (444.3 | ) |  | $ | 0.2 |  |  | $ | (444.1 | )
Adoption of accounting standard (Note 2) | 34.0 |  |  | — |  |  | 34.0 |
Comprehensive loss |  |  |  |  |
Net loss | (84.3 | ) |  | — |  |  | (84.3 | )
Other comprehensive income | 7.7 |  |  | — |  |  | 7.7 |
Total comprehensive loss | (76.6 | ) |  | — |  |  | (76.6 | )
Stock and other incentive plans | 1.9 |  |  | — |  |  | 1.9 |
March 31, 2018 | $ | (485.0 | ) |  | $ | 0.2 |  |  | $ | (484.8 | )
| (In Millions)
| Cliffs Shareholders’ Equity (Deficit) |  | Noncontrolling Interest |  | Total Equity (Deficit)
December 31, 2016 | $ | (1,464.3 | ) |  | $ | 133.8 |  |  | $ | (1,330.5 | )
Comprehensive loss |  |  |  |  |
Net loss | (28.1 | ) |  | (1.7 | ) |  | (29.8 | )
Other comprehensive loss | (3.0 | ) |  | (5.0 | ) |  | (8.0 | )
Total comprehensive loss | (31.1 | ) |  | (6.7 | ) |  | (37.8 | )
Issuance of common shares | 661.3 |  |  | — |  |  | 661.3 |
Stock and other incentive plans | 4.0 |  |  | — |  |  | 4.0 |
March 31, 2017 | $ | (830.1 | ) |  | $ | 127.1 |  |  | $ | (703.0 | )
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table reflects the changes in Accumulated other comprehensive loss related to Cliffs shareholders’ deficit:
| (In Millions)
| Changes in Pension and Other Post-Retirement Benefits, net of tax |  | Unrealized Net Gain on Foreign Currency Translation |  | Net Unrealized Gain (Loss) on Derivative Financial Instruments, net of tax |  | Accumulated Other Comprehensive Loss
December 31, 2017 | $ | (263.9 | ) |  | $ | 225.4 |  |  | $ | (0.5 | ) |  | $ | (39.0 | )
Other comprehensive income before reclassifications | 0.5 |  |  | 0.7 |  |  | 0.4 |  |  | 1.6 |
Net loss (gain) reclassified from accumulated other comprehensive loss | 6.2 |  |  | — |  |  | (0.1 | ) |  | 6.1 |
March 31, 2018 | $ | (257.2 | ) |  | $ | 226.1 |  |  | $ | (0.2 | ) |  | $ | (31.3 | )
| (In Millions)
| Changes in Pension and Other Post-Retirement Benefits, net of tax |  | Unrealized Net Gain (Loss) on Foreign Currency Translation |  | Accumulated Other Comprehensive Loss
December 31, 2016 | $ | (260.6 | ) |  | $ | 239.3 |  |  | $ | (21.3 | )
Other comprehensive income (loss) before reclassifications | 3.3 |  |  | (12.7 | ) |  | (9.4 | )
Net loss reclassified from accumulated other comprehensive loss | 6.4 |  |  | — |  |  | 6.4 |
March 31, 2017 | $ | (250.9 | ) |  | $ | 226.6 |  |  | $ | (24.3 | )
Details of Accumulated Other Comprehensive Income (Loss) Components | The following table reflects the details about Accumulated other comprehensive loss components related to Cliffs shareholders’ deficit:
|  | (In Millions) |  |
Details about Accumulated Other Comprehensive 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, |
| 2018 |  | 2017 |
Amortization of pension and OPEB liability: |  |  |  |  |  |
Prior service credits |  | $ | (0.3 | ) |  | $ | (0.1 | ) |  | Other non-operating income
Net actuarial loss |  | 6.5 |  |  | 6.5 |  |  | Other non-operating income
|  | $ | 6.2 |  |  | $ | 6.4 |  |  | Net of taxes
Unrealized loss on derivative financial instruments: |  |  |  |  |  |
Commodity contracts |  | $ | (0.1 | ) |  | $ | — |  |  | Cost of goods sold and operating expenses
|  | $ | (0.1 | ) |  | $ | — |  |  | Net of taxes
Total reclassifications for the period, net of tax |  | $ | 6.1 |  |  | $ | 6.4 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=84228862&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: 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=84159872&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration