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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | 9 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) | NOTE 15 - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables reflect the changes in Accumulated other comprehensive income related to Cliffs shareholders’ equity:
| (In Millions)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Foreign Currency Translation |  |  |  |  |  |  |
Beginning balance | $ | (1) |  |  | $ | 2 |  |  | $ | 1 |  |  | $ | 3 |
Other comprehensive loss before reclassifications | (2) |  |  | — |  |  | (4) |  |  | (1) |
Ending balance | $ | (3) |  |  | $ | 2 |  |  | $ | (3) |  |  | $ | 2 |
Derivative Instruments |  |  |  |  |  |  |
Beginning balance | $ | 109 |  |  | $ | 53 |  |  | $ | 68 |  |  | $ | (1) |
Other comprehensive income before reclassifications | 154 |  |  | 118 |  |  | 292 |  |  | 192 |
Income tax | (38) |  |  | (25) |  |  | (69) |  |  | (40) |
Other comprehensive income before reclassifications, net of tax | 116 |  |  | 93 |  |  | 223 |  |  | 152 |
Gains reclassified from AOCI to net income 1 | (74) |  |  | (13) |  |  | (158) |  |  | (19) |
Income tax expense 2 | 19 |  |  | 3 |  |  | 37 |  |  | 4 |
Net gains reclassified from AOCI to net income | (55) |  |  | (10) |  |  | (121) |  |  | (15) |
Ending balance | $ | 170 |  |  | $ | 136 |  |  | $ | 170 |  |  | $ | 136 |
Pension and OPEB |  |  |  |  |  |  |
Beginning balance | $ | 550 |  |  | $ | (121) |  |  | $ | 549 |  |  | $ | (135) |
Other comprehensive income before reclassifications 4 | 119 |  |  | — |  |  | 119 |  |  | — |
Income tax | (28) |  |  | — |  |  | (28) |  |  | — |
Other comprehensive income before reclassifications, net of tax | 91 |  |  | — |  |  | 91 |  |  | — |
Losses reclassified from AOCI to net income 3 | 3 |  |  | 8 |  |  | 4 |  |  | 26 |
Income tax benefit 2 | (1) |  |  | (2) |  |  | (1) |  |  | (6) |
Net losses reclassified from AOCI to net income | 2 |  |  | 6 |  |  | 3 |  |  | 20 |
Ending balance | $ | 643 |  |  | $ | (115) |  |  | $ | 643 |  |  | $ | (115) |
Total AOCI Ending Balance | $ | 810 |  |  | $ | 23 |  |  | $ | 810 |  |  | $ | 23 |
1 Amounts recognized in Cost of goods sold in the Statements of Unaudited Condensed Consolidated Operations.
2 Amounts recognized in Income tax expense in the Statements of Unaudited Condensed Consolidated Operations.
3 Amounts recognized in Net periodic benefit credits other than service cost component in the Statements of Unaudited Condensed Consolidated Operations.
4 Amounts relate to the net actuarial gain triggered by the interim remeasurement on the pension and OPEB plans affected by the USW labor agreement with our legacy mining operations. Refer to NOTE 10 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS for further information.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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