DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details) (USD $) In Millions, unless otherwise specified
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3 Months Ended |
12 Months Ended |
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Mar. 31, 2015
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Mar. 31, 2014
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Dec. 31, 2014
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Jun. 30, 2014
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Derivative [Line Items] |
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Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net |
$ (15.6)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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$ 24.1us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
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Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
(6.3)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
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(12.8)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
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Canadian Dollar Foreign Exchange Contracts Hedge Prior to De Designation [Member] |
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Derivative [Line Items] |
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Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
0us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember
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(0.3)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember
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Interest Rate Swap [Member] | Other Nonoperating Income (Expense) [Member] |
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Derivative [Line Items] |
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Gain (Loss) on Fair Value Hedge Ineffectiveness, Net |
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0.2us-gaap_GainLossOnFairValueHedgeIneffectivenessNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_IncomeStatementLocationAxis = us-gaap_OtherNonoperatingIncomeExpenseMember
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Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] |
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Derivative [Line Items] |
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Derivative, Notional Amount |
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250.0invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_InterestRateSwapMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember
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Australian Dollar Foreign Exchange Contract Hedge Designation [Member] | Product Revenues [Member] |
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Derivative [Line Items] |
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Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
(6.3)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember
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(9.1)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember
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Australian Dollar Foreign Exchange Contract Hedge Designation [Member] | Designated as Hedging Instrument [Member] |
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Derivative [Line Items] |
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Derivative, Notional Amount |
20.0invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember
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220.0invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember
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Australian Dollar Foreign Exchange Contract Hedge Designation [Member] | Designated as Hedging Instrument [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
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Derivative [Line Items] |
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Amount that will be reclassified to product revenues in the next 12 months upon settlement of the related contracts |
(2.2)us-gaap_ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months / us-gaap_BalanceSheetLocationAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractHedgeDesignationMember / us-gaap_HedgingDesignationAxis = us-gaap_DesignatedAsHedgingInstrumentMember
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Australian Dollar Foreign Exchange Contract Prior To De Designation [Member] | Not Designated as Hedging Instrument [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
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Derivative [Line Items] |
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Amount that will be reclassified to product revenues in the next 12 months upon settlement of the related contracts |
(12.5)us-gaap_ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months / us-gaap_BalanceSheetLocationAxis = us-gaap_AccumulatedOtherComprehensiveIncomeMember / us-gaap_DerivativeInstrumentRiskAxis = clf_AustralianDollarForeignExchangeContractsDedesignatedMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember
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Canadian Dollar Foreign Exchange Contracts Hedge Designation [Member] | Cost of Sales [Member] |
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Derivative [Line Items] |
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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
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(3.4)us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDesignationMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember
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Canadian Dollar Foreign Exchange Contracts Hedge De Designated [Member] [Member] | Not Designated as Hedging Instrument [Member] |
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Derivative [Line Items] |
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Derivative, Notional Amount |
0invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDeDesignatedMemberMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember
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0invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDeDesignatedMemberMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember
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Foreign Exchange Contract [Member] | Other Nonoperating Income (Expense) [Member] |
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Derivative [Line Items] |
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Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net |
(5.9)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_IncomeStatementLocationAxis = us-gaap_OtherNonoperatingIncomeExpenseMember
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[1] |
(0.9)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_IncomeStatementLocationAxis = us-gaap_OtherNonoperatingIncomeExpenseMember
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[1] |
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Customer Supply Agreement [Member] | Not Designated as Hedging Instrument [Member] | Product Revenues [Member] |
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Derivative [Line Items] |
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Amount of gain/(loss) recognized in income on derivative |
10.1us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CustomerSupplyAgreementMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember
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27.7us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CustomerSupplyAgreementMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember
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Customer Supply Agreement [Member] | Not Designated as Hedging Instrument [Member] | Derivative Financial Instruments, Assets [Member] |
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Derivative [Line Items] |
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Derivative assets |
34.5us-gaap_DerivativeAssetsCurrent / us-gaap_BalanceSheetLocationAxis = us-gaap_DerivativeFinancialInstrumentsAssetsMember / us-gaap_DerivativeInstrumentRiskAxis = clf_CustomerSupplyAgreementMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember
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63.2us-gaap_DerivativeAssetsCurrent / us-gaap_BalanceSheetLocationAxis = us-gaap_DerivativeFinancialInstrumentsAssetsMember / us-gaap_DerivativeInstrumentRiskAxis = clf_CustomerSupplyAgreementMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember
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Provisional Pricing Arrangements [Member] | Product Revenues [Member] |
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Derivative [Line Items] |
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Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net |
(16.2)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember
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(2.7)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember
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Provisional Pricing Arrangements [Member] | Not Designated as Hedging Instrument [Member] | U S Iron Ore And Asia Pacific Iron Ore [Member] | Product Revenues [Member] |
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Derivative [Line Items] |
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Amount of gain/(loss) recognized in income on derivative |
(16.2)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreAndAsiaPacificIronOreMember
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(2.7)us-gaap_DerivativeGainLossOnDerivativeNet / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_IncomeStatementLocationAxis = us-gaap_SalesRevenueGoodsNetMember / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreAndAsiaPacificIronOreMember
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Provisional Pricing Arrangements [Member] | Not Designated as Hedging Instrument [Member] | U S Iron Ore And Asia Pacific Iron Ore [Member] | Derivative Financial Instruments, Assets [Member] |
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Derivative [Line Items] |
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Derivative assets |
0us-gaap_DerivativeAssetsCurrent / us-gaap_BalanceSheetLocationAxis = us-gaap_DerivativeFinancialInstrumentsAssetsMember / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreAndAsiaPacificIronOreMember
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Provisional Pricing Arrangements [Member] | Not Designated as Hedging Instrument [Member] | U S Iron Ore And Asia Pacific Iron Ore [Member] | Derivative Financial Instruments, Liabilities [Member] |
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Derivative [Line Items] |
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Derivative liabilities |
16.2us-gaap_DerivativeLiabilitiesCurrent / us-gaap_BalanceSheetLocationAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreAndAsiaPacificIronOreMember
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9.5us-gaap_DerivativeLiabilitiesCurrent / us-gaap_BalanceSheetLocationAxis = us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember / us-gaap_DerivativeInstrumentRiskAxis = clf_ProvisionalPricingArrangementsMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / us-gaap_StatementBusinessSegmentsAxis = clf_USIronOreAndAsiaPacificIronOreMember
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Corporate [Member] | Canadian Dollar Foreign Exchange Contracts Hedge Prior to De Designation [Member] |
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Derivative [Line Items] |
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Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |
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0.3us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgePriortoDeDesignationMember / clf_ReportingUnitAxis = us-gaap_CorporateMember
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Corporate [Member] | Canadian Dollar Foreign Exchange Contracts Hedge De Designated [Member] [Member] | Not Designated as Hedging Instrument [Member] |
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Derivative [Line Items] |
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Derivative, Notional Amount |
41.4invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDeDesignatedMemberMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / clf_ReportingUnitAxis = us-gaap_CorporateMember
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183.0invest_DerivativeNotionalAmount / us-gaap_DerivativeInstrumentRiskAxis = clf_CanadianDollarForeignExchangeContractsHedgeDeDesignatedMemberMember / us-gaap_HedgingDesignationAxis = us-gaap_NondesignatedMember / clf_ReportingUnitAxis = us-gaap_CorporateMember
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Corporate [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member] |
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Derivative [Line Items] |
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Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net |
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$ 0.9us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember / clf_ReportingUnitAxis = us-gaap_CorporateMember
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$ (7.3)us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet / us-gaap_DerivativeInstrumentRiskAxis = us-gaap_ForeignExchangeContractMember / us-gaap_IncomeStatementLocationAxis = us-gaap_CostOfSalesMember / clf_ReportingUnitAxis = us-gaap_CorporateMember
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