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SHAREHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2018
Equity [Abstract] |
SHAREHOLDERS' EQUITY | NOTE 17 - SHAREHOLDERS' DEFICIT 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 September 30, 2018 and September 30, 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 (REFER TO NOTE 2) | 34.0 |  |  | — |  |  | 34.0 |
Comprehensive income (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 | )
Comprehensive income |  |  |  |  |
Net income | 165.1 |  |  | — |  |  | 165.1 |
Other comprehensive income | 9.1 |  |  | — |  |  | 9.1 |
Total comprehensive income | 174.2 |  |  | — |  |  | 174.2 |
Stock and other incentive plans | 4.5 |  |  | — |  |  | 4.5 |
Distributions to noncontrolling interest | — |  |  | (0.2 | ) |  | (0.2 | )
June 30, 2018 | $ | (306.3 | ) |  | $ | — |  |  | $ | (306.3 | )
Comprehensive income (loss) |  |  |  |  |
Net income | 437.8 |  |  | — |  |  | 437.8 |
Other comprehensive loss | (221.2 | ) |  | — |  |  | (221.2 | )
Total comprehensive income | 216.6 |  |  | — |  |  | 216.6 |
Stock and other incentive plans | 3.5 |  |  | — |  |  | 3.5 |
September 30, 2018 | $ | (86.2 | ) |  | $ | — |  |  | $ | (86.2 | )
| (In Millions)
| Cliffs Shareholders’ Equity (Deficit) |  | Noncontrolling Interest (Deficit) |  | 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 | )
Comprehensive income (loss) |  |  |  |  |
Net income (loss) | 31.8 |  |  | (1.7 | ) |  | 30.1 |
Other comprehensive income | 4.9 |  |  | 0.4 |  |  | 5.3 |
Total comprehensive income (loss) | 36.7 |  |  | (1.3 | ) |  | 35.4 |
Stock and other incentive plans | 4.3 |  |  | — |  |  | 4.3 |
Distributions to noncontrolling interest | — |  |  | (3.4 | ) |  | (3.4 | )
June 30, 2017 | $ | (789.1 | ) |  | $ | 122.4 |  |  | $ | (666.7 | )
Comprehensive income |  |  |  |  |
Net income (loss) | 53.4 |  |  | (0.5 | ) |  | 52.9 |
Other comprehensive income | 2.3 |  |  | 5.7 |  |  | 8.0 |
Total comprehensive income | 55.7 |  |  | 5.2 |  |  | 60.9 |
Stock and other incentive plans | 5.2 |  |  | — |  |  | 5.2 |
Acquisition of noncontrolling interest | (89.1 | ) |  | (15.9 | ) |  | (105.0 | )
Distributions of partnership equity | (16.0 | ) |  | (116.7 | ) |  | (132.7 | )
Contributions by noncontrolling interest | — |  |  | 5.2 |  |  | 5.2 |
September 30, 2017 | $ | (833.3 | ) |  | $ | 0.2 |  |  | $ | (833.1 | )
The following table reflects the changes in Accumulated other comprehensive loss related to Cliffs shareholders’ deficit:
| (In Millions)
| Changes in Pension and OPEB, net of tax |  | Changes in Foreign Currency Translation |  | Changes in 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 | )
Other comprehensive income before reclassifications | 0.2 |  |  | 2.2 |  |  | 0.2 |  |  | 2.6 |
Net loss reclassified from accumulated other comprehensive loss | 6.5 |  |  | — |  |  | — |  |  | 6.5 |
June 30, 2018 | $ | (250.5 | ) |  | $ | 228.3 |  |  | $ | — |  |  | $ | (22.2 | )
Other comprehensive income (loss) before reclassifications | 0.3 |  |  | (0.2 | ) |  | 0.2 |  |  | 0.3 |
Net loss (gain) reclassified from accumulated other comprehensive loss | 6.5 |  |  | (228.1 | ) |  | 0.1 |  |  | (221.5 | )
September 30, 2018 | $ | (243.7 | ) |  | $ | — |  |  | $ | 0.3 |  |  | $ | (243.4 | )
| (In Millions)
| Changes in Pension and OPEB, net of tax |  | Changes in 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 | )
Other comprehensive loss before reclassifications | (0.1 | ) |  | (1.5 | ) |  | (1.6 | )
Net loss reclassified from accumulated other comprehensive loss | 6.5 |  |  | — |  |  | 6.5 |
June 30, 2017 | $ | (244.5 | ) |  | $ | 225.1 |  |  | $ | (19.4 | )
Other comprehensive income (loss) before reclassifications | (18.7 | ) |  | 0.5 |  |  | (18.2 | )
Net loss reclassified from accumulated other comprehensive loss | 6.8 |  |  | — |  |  | 6.8 |
September 30, 2017 | $ | (256.4 | ) |  | $ | 225.6 |  |  | $ | (30.8 | )
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, Net of Tax |  | Affected Line Item in the Statement of Unaudited Condensed Consolidated Operations
| Three Months Ended September 30, |  | Nine Months Ended September 30, |
| 2018 |  | 2017 |  | 2018 |  | 2017 |
Amortization of pension and OPEB liability: |  |  |  |  |  |  |  |  |  |
Prior service credits |  | $ | (0.1 | ) |  | $ | (0.2 | ) |  | $ | (0.5 | ) |  | $ | (0.4 | ) |  | Other non-operating income
Net actuarial loss |  | 6.6 |  |  | 7.0 |  |  | 19.7 |  |  | 20.1 |  |  | Other non-operating income
|  | $ | 6.5 |  |  | $ | 6.8 |  |  | $ | 19.2 |  |  | $ | 19.7 |  |  |
Changes in foreign currency translation: |  |  |  |  |  |  |  |  |  |
Gain on foreign currency translation |  | $ | (228.1 | ) |  | $ | — |  |  | $ | (228.1 | ) |  | $ | — |  |  | Income from Discontinued Operations, net of tax
|  | $ | (228.1 | ) |  | $ | — |  |  | $ | (228.1 | ) |  | $ | — |  |  |
Unrealized loss on derivative financial instruments: |  |  |  |  |  |  |  |  |  |
Commodity contracts |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | Cost of goods sold and operating expenses
|  | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |
Total reclassifications for the period, net of tax |  | $ | (221.5 | ) |  | $ | 6.8 |  |  | $ | (208.9 | ) |  | $ | 19.7 |  |  |

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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