Cleveland-Cliffs Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

FAIR VALUE OF FINANCIAL INSTRUMENTS (Fair Value Of Assets And Liabilities) (Details)

v2.4.1.9

FAIR VALUE OF FINANCIAL INSTRUMENTS (Fair Value Of Assets And Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Assets:
Cash equivalents	$ 120.0
Derivative assets	34.5us-gaap_DerivativeAssets	63.2us-gaap_DerivativeAssets
Marketable Securities	2.8us-gaap_InvestmentsFairValueDisclosure	4.3us-gaap_InvestmentsFairValueDisclosure
Total	157.3us-gaap_AssetsFairValueDisclosure	67.5us-gaap_AssetsFairValueDisclosure
Liabilities:
Derivative liabilities	17.8us-gaap_DerivativeLiabilities	9.5us-gaap_DerivativeLiabilities
Foreign exchange contracts	8.7	31.5
Total	26.5us-gaap_LiabilitiesFairValueDisclosure	41.0us-gaap_LiabilitiesFairValueDisclosure
Fair Value, Inputs, Level 1 [Member]
Assets:
Cash equivalents	120.0
Marketable Securities	2.8	4.3
Total	122.8	4.3
Fair Value, Inputs, Level 2 [Member]
Liabilities:
Derivative liabilities	1.6
Foreign exchange contracts	8.7	31.5
Total	10.3	31.5
Fair Value, Inputs, Level 3 [Member]
Assets:
Derivative assets	34.5	63.2
Total	34.5	63.2
Liabilities:
Derivative liabilities	16.2	9.5
Total	$ 16.2	$ 9.5

- Definition

Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

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Fair value portion 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.

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-Glossary Cash

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-Name Accounting Standards Codification

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Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

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- Definition

Fair value portion of liability contracts related to the exchange of different currencies, including, but not limited to, foreign currency options, forward (delivery or nondelivery) contracts, and swaps entered into.

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No definition available.

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- Definition

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

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Fair value of financial and nonfinancial obligations.

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