DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Statements Of Financial Performance Location Table) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net | $ (28.2)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet | $ (51.7)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet | $ 25.6us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (31.0)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet | (22.1)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet | 18.1us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet |
Australian Dollar Foreign Exchange Contract Hedge Designation [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net |
(13.9)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember |
(34.7)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember |
20.2us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember |
Australian Dollar Foreign Exchange Contract Hedge Designation [Member] | Product Revenues [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
(13.2)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember |
(11.9)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember |
14.8us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember |
Canadian Dollar Foreign Exchange Contracts Hedge Designation [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net |
0us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember |
(12.9)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember |
6.7us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember |
Canadian Dollar Foreign Exchange Contracts Hedge Designation [Member] | Cost of Sales [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
0us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
(8.2)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
3.3us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
Canadian Dollar Foreign Exchange Contracts Hedge Prior to De Designation [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net |
(14.3)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember |
(4.1)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember |
0us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember |
Canadian Dollar Foreign Exchange Contracts Hedge Prior to De Designation [Member] | Cost of Sales [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
(17.7)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
(1.9)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
0us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember |
Treasury Lock [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net |
(1.3)us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_TreasuryLockMember |
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Treasury Lock [Member] | Other Nonoperating Income (Expense) [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
(0.1)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_TreasuryLockMember / us-gaap_IncomeStatementLocationAxis = us-gaap_OtherNonoperatingIncomeExpenseMember |
(0.1)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_TreasuryLockMember / us-gaap_IncomeStatementLocationAxis = us-gaap_OtherNonoperatingIncomeExpenseMember |
0us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_TreasuryLockMember / us-gaap_IncomeStatementLocationAxis = us-gaap_OtherNonoperatingIncomeExpenseMember |
Wabush and Cliffs Chromite Ontario and Cliffs Chromite Far North [Member] | Canadian Dollar Foreign Exchange Contracts Hedge Prior to De Designation [Member] | |||
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
$ (0.5)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember / clf_ReportingUnitAxis = clf_WabushandCliffsChromiteOntarioandCliffsChromiteFarNorthMember |
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- Definition
The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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