XML 73 R52.htm IDEA: XBRL DOCUMENT
v3.10.0.1

SUPPLEMENTARY GUARANTOR INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2016
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, 2018
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 819.8 |  |  | $ | 0.7 |  |  | $ | 2.7 |  |  | $ | — |  |  | $ | 823.2 |
Accounts receivable, net | 9.2 |  |  | 221.3 |  |  | 0.3 |  |  | (4.1 | ) |  | 226.7 |
Inventories | — |  |  | 87.9 |  |  | — |  |  | — |  |  | 87.9 |
Supplies and other inventories | — |  |  | 93.2 |  |  | — |  |  | — |  |  | 93.2 |
Derivative assets | 0.1 |  |  | 91.4 |  |  | — |  |  | — |  |  | 91.5 |
Income tax receivable, current | 117.3 |  |  | — |  |  | — |  |  | — |  |  | 117.3 |
Current assets of discontinued operations | — |  |  | — |  |  | 12.4 |  |  | — |  |  | 12.4 |
Other current assets | 10.0 |  |  | 16.9 |  |  | 0.5 |  |  | — |  |  | 27.4 |
TOTAL CURRENT ASSETS | 956.4 |  |  | 511.4 |  |  | 15.9 |  |  | (4.1 | ) |  | 1,479.6 |
PROPERTY, PLANT AND EQUIPMENT, NET | 13.3 |  |  | 1,221.9 |  |  | 50.8 |  |  | — |  |  | 1,286.0 |
OTHER ASSETS |  |  |  |  |  |  |  |  |
Deposits for property, plant and equipment | — |  |  | 68.4 |  |  | 14.6 |  |  | — |  |  | 83.0 |
Income tax receivable, non-current | 117.2 |  |  | 4.1 |  |  | — |  |  | — |  |  | 121.3 |
Deferred income taxes | 463.6 |  |  | — |  |  | 1.2 |  |  | — |  |  | 464.8 |
Investment in subsidiaries | 1,262.3 |  |  | 50.8 |  |  | — |  |  | (1,313.1 | ) |  | — |
Long-term intercompany notes | — |  |  | — |  |  | 121.3 |  |  | (121.3 | ) |  | — |
Other non-current assets | 8.0 |  |  | 85.4 |  |  | 1.5 |  |  | — |  |  | 94.9 |
TOTAL OTHER ASSETS | 1,851.1 |  |  | 208.7 |  |  | 138.6 |  |  | (1,434.4 | ) |  | 764.0 |
TOTAL ASSETS | $ | 2,820.8 |  |  | $ | 1,942.0 |  |  | $ | 205.3 |  |  | $ | (1,438.5 | ) |  | $ | 3,529.6 |
LIABILITIES |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Accounts payable | $ | 5.3 |  |  | $ | 181.4 |  |  | $ | 4.2 |  |  | $ | (4.1 | ) |  | $ | 186.8 |
Accrued employment costs | 28.5 |  |  | 45.4 |  |  | 0.1 |  |  | — |  |  | 74.0 |
State and local taxes payable | — |  |  | 35.4 |  |  | 0.1 |  |  | — |  |  | 35.5 |
Accrued interest | 38.4 |  |  | — |  |  | — |  |  | — |  |  | 38.4 |
Partnership distribution payable | — |  |  | 43.5 |  |  | — |  |  | — |  |  | 43.5 |
Current liabilities of discontinued operations | — |  |  | — |  |  | 6.7 |  |  | — |  |  | 6.7 |
Other current liabilities | 30.6 |  |  | 51.3 |  |  | 1.4 |  |  | — |  |  | 83.3 |
TOTAL CURRENT LIABILITIES | 102.8 |  |  | 357.0 |  |  | 12.5 |  |  | (4.1 | ) |  | 468.2 |
POSTEMPLOYMENT BENEFIT LIABILITIES |  |  |  |  |  |  |  |  |
Pensions | 58.3 |  |  | 390.5 |  |  | (230.4 | ) |  | — |  |  | 218.4 |
Other postretirement benefits | 6.0 |  |  | 23.9 |  |  | 0.4 |  |  | — |  |  | 30.3 |
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES | 64.3 |  |  | 414.4 |  |  | (230.0 | ) |  | — |  |  | 248.7 |
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS | — |  |  | 152.1 |  |  | 19.9 |  |  | — |  |  | 172.0 |
LONG-TERM DEBT | 2,092.9 |  |  | — |  |  | — |  |  | — |  |  | 2,092.9 |
LONG-TERM INTERCOMPANY NOTES | 121.3 |  |  | — |  |  | — |  |  | (121.3 | ) |  | — |
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 8.3 |  |  | — |  |  | 8.3 |
OTHER LIABILITIES | 15.3 |  |  | 99.5 |  |  | 0.5 |  |  | — |  |  | 115.3 |
TOTAL LIABILITIES | 2,396.6 |  |  | 1,023.0 |  |  | (188.8 | ) |  | (125.4 | ) |  | 3,105.4 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |  |
EQUITY |  |  |  |  |  |  |  |  |
TOTAL EQUITY | 424.2 |  |  | 919.0 |  |  | 394.1 |  |  | (1,313.1 | ) |  | 424.2 |
TOTAL LIABILITIES AND EQUITY | $ | 2,820.8 |  |  | $ | 1,942.0 |  |  | $ | 205.3 |  |  | $ | (1,438.5 | ) |  | $ | 3,529.6 |
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 |  |  | $ | 27.3 |  |  | $ | — |  |  | $ | 978.3 |
Accounts receivable, net | 4.5 |  |  | 102.9 |  |  | — |  |  | (0.7 | ) |  | 106.7 |
Inventories | — |  |  | 138.4 |  |  | — |  |  | — |  |  | 138.4 |
Supplies and other inventories | — |  |  | 88.8 |  |  | — |  |  | — |  |  | 88.8 |
Derivative assets | — |  |  | 37.9 |  |  | — |  |  | — |  |  | 37.9 |
Income tax receivable, current | 11.4 |  |  | 1.9 |  |  | — |  |  | — |  |  | 13.3 |
Loans to and accounts receivables from the Canadian Entities | 44.7 |  |  | 6.9 |  |  | — |  |  | — |  |  | 51.6 |
Current assets of discontinued operations | — |  |  | — |  |  | 118.5 |  |  | — |  |  | 118.5 |
Other current assets | 5.0 |  |  | 5.6 |  |  | 0.5 |  |  | — |  |  | 11.1 |
TOTAL CURRENT ASSETS | 1,014.5 |  |  | 384.5 |  |  | 146.3 |  |  | (0.7 | ) |  | 1,544.6 |
PROPERTY, PLANT AND EQUIPMENT, NET | 17.5 |  |  | 965.5 |  |  | 50.8 |  |  | — |  |  | 1,033.8 |
OTHER ASSETS |  |  |  |  |  |  |  |  |
Deposits for property, plant and equipment | — |  |  | 8.2 |  |  | 9.6 |  |  | — |  |  | 17.8 |
Income tax receivable, non-current | 235.3 |  |  | — |  |  | — |  |  | — |  |  | 235.3 |
Investment in subsidiaries | 1,024.3 |  |  | 29.9 |  |  | — |  |  | (1,054.2 | ) |  | — |
Long-term intercompany notes | — |  |  | — |  |  | 242.0 |  |  | (242.0 | ) |  | — |
Non-current assets of discontinued operations | — |  |  | — |  |  | 20.3 |  |  | — |  |  | 20.3 |
Other non-current assets | 7.8 |  |  | 91.8 |  |  | 2.0 |  |  | — |  |  | 101.6 |
TOTAL OTHER ASSETS | 1,267.4 |  |  | 129.9 |  |  | 273.9 |  |  | (1,296.2 | ) |  | 375.0 |
TOTAL ASSETS | $ | 2,299.4 |  |  | $ | 1,479.9 |  |  | $ | 471.0 |  |  | $ | (1,296.9 | ) |  | $ | 2,953.4 |
LIABILITIES |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |
Accounts payable | $ | 7.1 |  |  | $ | 92.3 |  |  | $ | 0.8 |  |  | $ | (0.7 | ) |  | $ | 99.5 |
Accrued employment costs | 13.7 |  |  | 38.9 |  |  | 0.1 |  |  | — |  |  | 52.7 |
State and local taxes payable | — |  |  | 30.0 |  |  | 0.2 |  |  | — |  |  | 30.2 |
Accrued interest | 31.4 |  |  | — |  |  | — |  |  | — |  |  | 31.4 |
Contingent claims | 55.6 |  |  | — |  |  | — |  |  | — |  |  | 55.6 |
Partnership distribution payable | — |  |  | 44.2 |  |  | — |  |  | — |  |  | 44.2 |
Current liabilities of discontinued operations | — |  |  | — |  |  | 75.0 |  |  | — |  |  | 75.0 |
Other current liabilities | 7.4 |  |  | 54.5 |  |  | 1.7 |  |  | — |  |  | 63.6 |
TOTAL CURRENT LIABILITIES | 115.2 |  |  | 259.9 |  |  | 77.8 |  |  | (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 |  |  | 27.1 |  |  | — |  |  | 167.7 |
LONG-TERM DEBT | 2,304.2 |  |  | — |  |  | — |  |  | — |  |  | 2,304.2 |
LONG-TERM INTERCOMPANY NOTES | 242.0 |  |  | — |  |  | — |  |  | (242.0 | ) |  | — |
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 52.2 |  |  | — |  |  | 52.2 |
OTHER LIABILITIES | 15.7 |  |  | 147.2 |  |  | 0.6 |  |  | — |  |  | 163.5 |
TOTAL LIABILITIES | 2,743.5 |  |  | 978.3 |  |  | (81.6 | ) |  | (242.7 | ) |  | 3,397.5 |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |  |
EQUITY |  |  |  |  |  |  |  |  |
TOTAL CLIFFS SHAREHOLDERS' EQUITY (DEFICIT) | (444.1 | ) |  | 501.6 |  |  | 552.4 |  |  | (1,054.2 | ) |  | (444.3 | )
NONCONTROLLING INTEREST | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2 |
TOTAL DEFICIT | (444.1 | ) |  | 501.6 |  |  | 552.6 |  |  | (1,054.2 | ) |  | (444.1 | )
TOTAL LIABILITIES AND DEFICIT | $ | 2,299.4 |  |  | $ | 1,479.9 |  |  | $ | 471.0 |  |  | $ | (1,296.9 | ) |  | $ | 2,953.4 |
Schedule of Supplemental Statements of Condensed Consolidating Operations and Comprehensive Income (Loss) |
Condensed Consolidating Statement of Operations and Comprehensive Income
For the Year Ended December 31, 2018
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES FROM PRODUCT SALES AND SERVICES |  |  |  |  |  |  |  |  |
Product | $ | — |  |  | $ | 2,172.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,172.3 |
Freight and venture partners' cost reimbursements | — |  |  | 160.1 |  |  | — |  |  | — |  |  | 160.1 |
| — |  |  | 2,332.4 |  |  | — |  |  | — |  |  | 2,332.4 |
COST OF GOODS SOLD AND OPERATING EXPENSES | — |  |  | (1,522.8 | ) |  | — |  |  | — |  |  | (1,522.8 | )
SALES MARGIN | — |  |  | 809.6 |  |  | — |  |  | — |  |  | 809.6 |
OTHER OPERATING INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | (86.1 | ) |  | (30.4 | ) |  | (0.3 | ) |  | — |  |  | (116.8 | )
Miscellaneous - net | (0.3 | ) |  | (23.6 | ) |  | 4.3 |  |  | — |  |  | (19.6 | )
| (86.4 | ) |  | (54.0 | ) |  | 4.0 |  |  | — |  |  | (136.4 | )
OPERATING INCOME (LOSS) | (86.4 | ) |  | 755.6 |  |  | 4.0 |  |  | — |  |  | 673.2 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense, net | (117.6 | ) |  | (2.1 | ) |  | 0.8 |  |  | — |  |  | (118.9 | )
Loss on extinguishment of debt | (6.8 | ) |  | — |  |  | — |  |  | — |  |  | (6.8 | )
Other non-operating income (loss) | (3.5 | ) |  | 0.9 |  |  | 19.8 |  |  | — |  |  | 17.2 |
| (127.9 | ) |  | (1.2 | ) |  | 20.6 |  |  | — |  |  | (108.5 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (214.3 | ) |  | 754.4 |  |  | 24.6 |  |  | — |  |  | 564.7 |
INCOME TAX BENEFIT | 474.7 |  |  | — |  |  | 0.5 |  |  | — |  |  | 475.2 |
EQUITY IN INCOME OF SUBSIDIARIES | 858.2 |  |  | 25.5 |  |  | — |  |  | (883.7 | ) |  | — |
INCOME FROM CONTINUING OPERATIONS | 1,118.6 |  |  | 779.9 |  |  | 25.1 |  |  | (883.7 | ) |  | 1,039.9 |
INCOME FROM DISCONTINUED OPERATIONS, net of tax | 9.5 |  |  | 12.3 |  |  | 66.4 |  |  | — |  |  | 88.2 |
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 1,128.1 |  |  | $ | 792.2 |  |  | $ | 91.5 |  |  | $ | (883.7 | ) |  | $ | 1,128.1 |
OTHER COMPREHENSIVE LOSS | (244.9 | ) |  | (24.1 | ) |  | (256.7 | ) |  | 280.8 |  |  | (244.9 | )
TOTAL COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 883.2 |  |  | $ | 768.1 |  |  | $ | (165.2 | ) |  | $ | (602.9 | ) |  | $ | 883.2 |
Condensed Consolidating Statement of Operations and Comprehensive Income
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 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,644.6 |
Freight and venture partners' cost reimbursements | — |  |  | 221.4 |  |  | — |  |  | — |  |  | 221.4 |
| — |  |  | 1,866.0 |  |  | — |  |  | — |  |  | 1,866.0 |
COST OF GOODS SOLD AND OPERATING EXPENSES | — |  |  | (1,398.4 | ) |  | — |  |  | — |  |  | (1,398.4 | )
SALES MARGIN | — |  |  | 467.6 |  |  | — |  |  | — |  |  | 467.6 |
OTHER OPERATING INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | (77.2 | ) |  | (19.9 | ) |  | (5.8 | ) |  | — |  |  | (102.9 | )
Miscellaneous - net | (2.3 | ) |  | 11.0 |  |  | 16.8 |  |  | — |  |  | 25.5 |
| (79.5 | ) |  | (8.9 | ) |  | 11.0 |  |  | — |  |  | (77.4 | )
OPERATING INCOME (LOSS) | (79.5 | ) |  | 458.7 |  |  | 11.0 |  |  | — |  |  | 390.2 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense, net | (126.8 | ) |  | (1.0 | ) |  | 1.0 |  |  | — |  |  | (126.8 | )
Loss on extinguishment of debt | (165.4 | ) |  | — |  |  | — |  |  | — |  |  | (165.4 | )
Other non-operating income (expense) | (4.0 | ) |  | (3.0 | ) |  | 17.2 |  |  | — |  |  | 10.2 |
| (296.2 | ) |  | (4.0 | ) |  | 18.2 |  |  | — |  |  | (282.0 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (375.7 | ) |  | 454.7 |  |  | 29.2 |  |  | — |  |  | 108.2 |
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 |  |  | 467.8 |  |  | 28.9 |  |  | (524.4 | ) |  | 360.6 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax | (21.3 | ) |  | 1.7 |  |  | 22.1 |  |  | — |  |  | 2.5 |
NET INCOME | 367.0 |  |  | 469.5 |  |  | 51.0 |  |  | (524.4 | ) |  | 363.1 |
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | — |  |  | 3.9 |  |  | — |  |  | — |  |  | 3.9 |
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 367.0 |  |  | $ | 473.4 |  |  | $ | 51.0 |  |  | $ | (524.4 | ) |  | $ | 367.0 |
OTHER COMPREHENSIVE INCOME (LOSS) | (4.0 | ) |  | 12.9 |  |  | (4.8 | ) |  | (8.1 | ) |  | (4.0 | )
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 363.0 |  |  | $ | 486.3 |  |  | $ | 46.2 |  |  | $ | (532.5 | ) |  | $ | 363.0 |
Condensed Consolidating Statement of Operations and Comprehensive Income
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 | $ | — |  |  | $ | 1,379.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,379.7 |
Freight and venture partners' cost reimbursements | — |  |  | 174.8 |  |  | — |  |  | — |  |  | 174.8 |
| — |  |  | 1,554.5 |  |  | — |  |  | — |  |  | 1,554.5 |
COST OF GOODS SOLD AND OPERATING EXPENSES | — |  |  | (1,274.4 | ) |  | — |  |  | — |  |  | (1,274.4 | )
SALES MARGIN | — |  |  | 280.1 |  |  | — |  |  | — |  |  | 280.1 |
OTHER OPERATING INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | (94.3 | ) |  | (18.0 | ) |  | (3.5 | ) |  | — |  |  | (115.8 | )
Miscellaneous - net | (5.6 | ) |  | (12.4 | ) |  | (15.6 | ) |  | — |  |  | (33.6 | )
| (99.9 | ) |  | (30.4 | ) |  | (19.1 | ) |  | — |  |  | (149.4 | )
OPERATING INCOME (LOSS) | (99.9 | ) |  | 249.7 |  |  | (19.1 | ) |  | — |  |  | 130.7 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |  |
Interest expense, net | (194.5 | ) |  | 0.1 |  |  | 0.5 |  |  | — |  |  | (193.9 | )
Gain on extinguishment/restructuring of debt | 166.3 |  |  | — |  |  | — |  |  | — |  |  | 166.3 |
Other non-operating income (expense) | (4.1 | ) |  | (5.0 | ) |  | 16.4 |  |  | — |  |  | 7.3 |
| (32.3 | ) |  | (4.9 | ) |  | 16.9 |  |  | — |  |  | (20.3 | )
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | (132.2 | ) |  | 244.8 |  |  | (2.2 | ) |  | — |  |  | 110.4 |
INCOME TAX BENEFIT | 4.3 |  |  | 3.0 |  |  | 4.9 |  |  | — |  |  | 12.2 |
EQUITY IN INCOME OF SUBSIDIARIES | 319.1 |  |  | 13.7 |  |  | — |  |  | (332.8 | ) |  | — |
INCOME FROM CONTINUING OPERATIONS | 191.2 |  |  | 261.5 |  |  | 2.7 |  |  | (332.8 | ) |  | 122.6 |
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax | (17.1 | ) |  | 2.6 |  |  | 91.2 |  |  | — |  |  | 76.7 |
NET INCOME (LOSS) | 174.1 |  |  | 264.1 |  |  | 93.9 |  |  | (332.8 | ) |  | 199.3 |
INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | — |  |  | (25.2 | ) |  | — |  |  | — |  |  | (25.2 | )
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 174.1 |  |  | $ | 238.9 |  |  | $ | 93.9 |  |  | $ | (332.8 | ) |  | $ | 174.1 |
OTHER COMPREHENSIVE INCOME (LOSS) | (3.3 | ) |  | (20.7 | ) |  | 15.4 |  |  | 5.3 |  |  | (3.3 | )
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS | $ | 170.8 |  |  | $ | 218.2 |  |  | $ | 109.3 |  |  | $ | (327.5 | ) |  | $ | 170.8 |
Schedule of Supplemental Statements of Condensed Consolidating Cash Flows |  |
Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2018
(In Millions)
| Cleveland-Cliffs Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net cash provided (used) by operating activities | $ | (120.7 | ) |  | $ | 741.0 |  |  | $ | (141.8 | ) |  | $ | — |  |  | $ | 478.5 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (1.2 | ) |  | (207.3 | ) |  | (0.1 | ) |  | — |  |  | (208.6 | )
Deposits for property, plant and equipment | — |  |  | (82.3 | ) |  | (5.2 | ) |  | — |  |  | (87.5 | )
Intercompany investing | 399.1 |  |  | (7.1 | ) |  | 120.7 |  |  | (512.7 | ) |  | — |
Other investing activities | — |  |  | 3.1 |  |  | 19.9 |  |  | — |  |  | 23.0 |
Net cash provided (used) in investing activities | 397.9 |  |  | (293.6 | ) |  | 135.3 |  |  | (512.7 | ) |  | (273.1 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Repurchase of common shares | (47.5 | ) |  | — |  |  | — |  |  | — |  |  | (47.5 | )
Debt issuance costs | (1.5 | ) |  | — |  |  | — |  |  | — |  |  | (1.5 | )
Repurchase of debt | (234.5 | ) |  | — |  |  | — |  |  | — |  |  | (234.5 | )
Distributions of partnership equity | — |  |  | (44.2 | ) |  | — |  |  | — |  |  | (44.2 | )
Intercompany financing | (120.7 | ) |  | (402.4 | ) |  | 10.4 |  |  | 512.7 |  |  | — |
Other financing activities | (2.1 | ) |  | (2.2 | ) |  | (43.2 | ) |  | — |  |  | (47.5 | )
Net cash used by financing activities | (406.3 | ) |  | (448.8 | ) |  | (32.8 | ) |  | 512.7 |  |  | (375.2 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | (2.3 | ) |  | — |  |  | (2.3 | )
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS | (129.1 | ) |  | (1.4 | ) |  | (41.6 | ) |  | — |  |  | (172.1 | )
LESS: DECREASE IN CASH AND CASH EQUIVALENTS CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | (17.0 | ) |  | — |  |  | (17.0 | )
NET DECREASE IN CASH AND CASH EQUIVALENTS | (129.1 | ) |  | (1.4 | ) |  | (24.6 | ) |  | — |  |  | (155.1 | )
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 948.9 |  |  | 2.1 |  |  | 27.3 |  |  | — |  |  | 978.3 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ | 819.8 |  |  | $ | 0.7 |  |  | $ | 2.7 |  |  | $ | — |  |  | $ | 823.2 |
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 | ) |  | $ | 430.0 |  |  | $ | 74.9 |  |  | $ | — |  |  | $ | 338.1 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchase of property, plant and equipment | (3.4 | ) |  | (79.8 | ) |  | (51.7 | ) |  | — |  |  | (134.9 | )
Deposits for property, plant and equipment | — |  |  | (11.7 | ) |  | (5.1 | ) |  | — |  |  | (16.8 | )
Intercompany investing | 225.7 |  |  | (7.3 | ) |  | (45.1 | ) |  | (173.3 | ) |  | — |
Other investing activities | (7.7 | ) |  | 3.4 |  |  | — |  |  | — |  |  | (4.3 | )
Net cash provided (used) by investing activities | 214.6 |  |  | (95.4 | ) |  | (101.9 | ) |  | (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 |  |  | (277.6 | ) |  | 59.3 |  |  | 173.3 |  |  | — |
Other financing activities | (5.8 | ) |  | (4.5 | ) |  | (16.4 | ) |  | — |  |  | (26.7 | )
Net cash provided (used) by financing activities | 617.7 |  |  | (335.0 | ) |  | 42.9 |  |  | 173.3 |  |  | 498.9 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | 3.3 |  |  | — |  |  | 3.3 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS | 665.5 |  |  | (0.4 | ) |  | 19.2 |  |  | — |  |  | 684.3 |
LESS: INCREASE IN CASH AND CASH EQUIVALENTS CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 18.8 |  |  | — |  |  | 18.8 |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 665.5 |  |  | (0.4 | ) |  | 0.4 |  |  | — |  |  | 665.5 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 283.4 |  |  | 2.5 |  |  | 26.9 |  |  | — |  |  | 312.8 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ | 948.9 |  |  | $ | 2.1 |  |  | $ | 27.3 |  |  | $ | — |  |  | $ | 978.3 |
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 | ) |  | (55.1 | ) |  | (0.4 | ) |  | — |  |  | (61.7 | )
Deposits for property, plant and equipment | — |  |  | (4.9 | ) |  | (2.5 | ) |  | — |  |  | (7.4 | )
Intercompany investments | 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 on 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, INCLUDING CASH CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS | 72.7 |  |  | 0.7 |  |  | (35.2 | ) |  | — |  |  | 38.2 |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS CLASSIFIED WITHIN CURRENT ASSETS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | (35.3 | ) |  | — |  |  | (35.3 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS | 72.7 |  |  | 0.7 |  |  | 0.1 |  |  | — |  |  | 73.5 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 210.7 |  |  | 1.8 |  |  | 26.8 |  |  | — |  |  | 239.3 |
CASH AND CASH EQUIVALENTS AT END OF YEAR | $ | 283.4 |  |  | $ | 2.5 |  |  | $ | 26.9 |  |  | $ | — |  |  | $ | 312.8 |

X
- Definition Condensed Statement of Operations and Comprehensive Income (Loss) + References No definition available. + Details
Name: | clf_CondensedStatementofOperationsandComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | clf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 3 -Paragraph i -Subsection 10 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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