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Statements Of Condensed Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| OPERATING ACTIVITIES | ||
| NET LOSS | $ (761.7)us-gaap_ProfitLoss | $ (70.7)us-gaap_ProfitLoss |
| Adjustments to reconcile net loss to net cash provided (used) by operating activities: | ||
| Depreciation, depletion and amortization | 33.0us-gaap_DepreciationDepletionAndAmortization | 141.1us-gaap_DepreciationDepletionAndAmortization |
| Impairment of long-lived assets | 76.6clf_AssetImpairmentChargesCashFlows | 0clf_AssetImpairmentChargesCashFlows |
| Deferred income taxes | 165.8us-gaap_DeferredIncomeTaxExpenseBenefit | 15.1us-gaap_DeferredIncomeTaxExpenseBenefit |
| Gain on extinguishment of debt | (313.7)clf_Gainonextinguishmentofdebtcashflows | 0clf_Gainonextinguishmentofdebtcashflows |
| Loss on deconsolidation, net of cash deconsolidated | 776.1clf_LossonDeconsolidationnetofcashdeconsolidated | 0clf_LossonDeconsolidationnetofcashdeconsolidated |
| Other | 31.6us-gaap_OtherNoncashIncomeExpense | 3.2us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities: | ||
| Receivables and other assets | 71.7us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets | 161.5us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets |
| Product inventories | (154.9)us-gaap_IncreaseDecreaseInInventories | (214.5)us-gaap_IncreaseDecreaseInInventories |
| Payables and accrued expenses | (152.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (117.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash used by operating activities | (228.2)us-gaap_NetCashProvidedByUsedInOperatingActivities | (82.0)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| INVESTING ACTIVITIES | ||
| Purchase of property, plant and equipment | (15.9)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (103.3)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Other investing activities | 0.2us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 12.6us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used by investing activities | (15.7)us-gaap_NetCashProvidedByUsedInInvestingActivities | (90.7)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| FINANCING ACTIVITIES | ||
| Proceeds from first lien notes offering | 503.5us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt |
| Debt issuance costs | (33.1)us-gaap_PaymentsOfDebtIssuanceCosts | 0us-gaap_PaymentsOfDebtIssuanceCosts |
| Repurchase of debt | (133.3)clf_PaymentsforRepurchaseofSeniorNotesDebt | 0clf_PaymentsforRepurchaseofSeniorNotesDebt |
| Borrowings under credit facilities | 295.0us-gaap_ProceedsFromLongTermLinesOfCredit | 225.0us-gaap_ProceedsFromLongTermLinesOfCredit |
| Repayment under credit facilities | (295.0)us-gaap_RepaymentsOfLongTermLinesOfCredit | 0us-gaap_RepaymentsOfLongTermLinesOfCredit |
| Common stock dividends | 0us-gaap_PaymentsOfDividendsCommonStock | (23.0)us-gaap_PaymentsOfDividendsCommonStock |
| Preferred stock dividends | (12.8)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (12.8)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
| Other financing activities | (14.3)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 8.7us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash provided by financing activities | 310.0us-gaap_NetCashProvidedByUsedInFinancingActivities | 197.9us-gaap_NetCashProvidedByUsedInFinancingActivities |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (1.3)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 3.3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| INCREASE IN CASH AND CASH EQUIVALENTS | 64.8us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 28.5us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 290.9us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations | 335.5us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ 355.7us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 364.0us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Asset Impairment Charges, Cash Flows No definition available.
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- Definition
Gain on extinguishment of debt, cash flows No definition available.
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- Definition
Loss on Deconsolidation, net of cash deconsolidated No definition available.
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- Definition
Payments for Repurchase of Senior Notes Debt No definition available.
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- Details
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| X | ||||||||||
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. No definition available.
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the total amount of receivables from all parties and other operating assets not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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