XML 65 R39.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Equity [Abstract] |
Schedule of Accumulated Other Comprehensive Income (Loss) | The components of Accumulated other comprehensive income within Cliffs shareholders’ equity and related tax effects allocated to each are shown below:
|  |  | Three Months Ended March 31,
(In millions) |  |  |  |  | 2024 |  | 2023
Foreign Currency Translation |  |  |  |  |  |  |
Beginning balance |  |  |  |  | $ | — |  |  | $ | (1) |
Other comprehensive loss before reclassifications |  |  |  |  | (1) |  |  | — |
Ending balance |  |  |  |  | $ | (1) |  |  | $ | (1) |
Derivative Instruments |  |  |  |  |  |  |
Beginning balance |  |  |  |  | $ | (170) |  |  | $ | (16) |
Other comprehensive loss before reclassifications |  |  |  |  | (33) |  |  | (177) |
Income tax |  |  |  |  | 8 |  |  | 44 |
Other comprehensive loss before reclassifications, net of tax |  |  |  |  | (25) |  |  | (133) |
Losses (gains) reclassified from AOCI to net loss 1 |  |  |  |  | 59 |  |  | (25) |
Income tax expense (benefit)2 |  |  |  |  | (14) |  |  | 6 |
Net losses (gains) reclassified from AOCI to net loss |  |  |  |  | 45 |  |  | (19) |
Ending balance |  |  |  |  | $ | (150) |  |  | $ | (168) |
Pension and OPEB |  |  |  |  |  |  |
Beginning balance |  |  |  |  | $ | 1,827 |  |  | $ | 1,847 |
Gains reclassified from AOCI to net loss 3 |  |  |  |  | (38) |  |  | (35) |
Income tax expense 2 |  |  |  |  | 10 |  |  | 8 |
Net gains reclassified from AOCI to net loss |  |  |  |  | (28) |  |  | (27) |
Ending balance |  |  |  |  | $ | 1,799 |  |  | $ | 1,820 |
Total AOCI Ending Balance |  |  |  |  | $ | 1,648 |  |  | $ | 1,651 |
1 Amounts recognized in Cost of goods sold in the Statements of Unaudited Condensed Consolidated Operations.
2 Amounts recognized in Income tax benefit 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.

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 the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration