Quarterly report pursuant to Section 13 or 15(d)

SUPPLEMENTARY GUARANTOR INFORMATION (Supplementary Statements of Condensed Consolidating Operations and Comprehensive Income) (Details)

v3.19.2
SUPPLEMENTARY GUARANTOR INFORMATION (Supplementary Statements of Condensed Consolidating Operations and Comprehensive Income) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Product Revenue $ 697.4   $ 672.0   $ 842.8 $ 841.2
Freight Revenue 45.8   42.3   57.4 53.1
Revenues 743.2   714.3   900.2 894.3
COST OF GOODS SOLD (480.2)   (429.8)   (606.3) (548.3)
SALES MARGIN 263.0   284.5   293.9 346.0
Selling, general and administrative expenses (30.6)   (26.2)   (58.7) (51.3)
Miscellaneous - net (5.6)   (4.1)   (9.2) (10.2)
Other operating expense (36.2)   (30.3)   (67.9) (61.5)
OPERATING INCOME (LOSS) 226.8   254.2   226.0 284.5
Interest expense, net (26.1)   (31.2)   (51.2) (63.6)
Gain (loss) on extinguishment of debt (17.9)   0.2   (18.2) 0.2
Other non-operating income (expense) 0.6   4.4   1.0 8.8
TOTAL OTHER INCOME (EXPENSE) (43.4)   (26.6)   (68.4) (54.6)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 183.4   227.6   157.6 229.9
Income tax benefit (expense) 22.0   (1.8)   18.3 13.9
EQUITY IN INCOME OF SUBSIDIARIES 0.0   0.0   0.0 0.0
INCOME FROM CONTINUING OPERATIONS 161.4   229.4   139.3 216.0
Income (loss) from discontinued operations, net of tax (0.6)   (64.3)   (0.6) (135.2)
NET INCOME (LOSS) 160.8 $ (22.1) 165.1 $ (84.3) 138.7 80.8
Other Comprehensive Income (Loss), Net of Tax 3.7 8.4 9.1 $ 7.7 12.1 16.8
TOTAL COMPREHENSIVE INCOME (LOSS) 164.5 $ (13.7) 174.2   150.8 97.6
Reportable Legal Entities [Member] | Cliffs Shareholders Equity [Member]            
Product Revenue 0.0   0.0   0.0 0.0
Freight Revenue 0.0   0.0   0.0 0.0
Revenues 0.0   0.0   0.0 0.0
COST OF GOODS SOLD 0.0   0.0   0.0 0.0
SALES MARGIN 0.0   0.0   0.0 0.0
Selling, general and administrative expenses (23.6)   (19.7)   (46.4) (39.8)
Miscellaneous - net 0.0   (0.2)   0.0 (0.4)
Other operating expense (23.6)   (19.9)   (46.4) (40.2)
OPERATING INCOME (LOSS) (23.6)   (19.9)   (46.4) (40.2)
Interest expense, net (25.4)   (30.8)   (50.1) (62.7)
Gain (loss) on extinguishment of debt (17.9)   0.2   (18.2) 0.2
Other non-operating income (expense) (1.0)   (0.8)   (2.1) (1.7)
TOTAL OTHER INCOME (EXPENSE) (44.3)   (31.4)   (70.4) (64.2)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (67.9)   (51.3)   (116.8) (104.4)
Income tax benefit (expense) 21.8   (2.1)   17.9 13.5
EQUITY IN INCOME OF SUBSIDIARIES 250.4   210.4   273.3 194.7
INCOME FROM CONTINUING OPERATIONS 160.7   161.2   138.6 76.8
Income (loss) from discontinued operations, net of tax 0.1   3.9   0.1 4.0
NET INCOME (LOSS) 160.8   165.1   138.7 80.8
Other Comprehensive Income (Loss), Net of Tax 3.7   9.1   12.1 16.8
TOTAL COMPREHENSIVE INCOME (LOSS) 164.5   174.2   150.8 97.6
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]            
Product Revenue 697.4   672.0   842.8 841.2
Freight Revenue 45.8   42.3   57.4 53.1
Revenues 743.2   714.3   900.2 894.3
COST OF GOODS SOLD (480.2)   (429.8)   (606.3) (548.3)
SALES MARGIN 263.0   284.5   293.9 346.0
Selling, general and administrative expenses (6.8)   (6.4)   (12.0) (11.1)
Miscellaneous - net (4.8)   (3.6)   (8.2) (8.9)
Other operating expense (11.6)   (10.0)   (20.2) (20.0)
OPERATING INCOME (LOSS) 251.4   274.5   273.7 326.0
Interest expense, net (0.8)   (0.6)   (1.3) (1.4)
Gain (loss) on extinguishment of debt 0.0   0.0   0.0 0.0
Other non-operating income (expense) (3.2)   0.2   (6.4) 0.7
TOTAL OTHER INCOME (EXPENSE) (4.0)   (0.4)   (7.7) (0.7)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 247.4   274.1   266.0 325.3
Income tax benefit (expense) 0.2   0.1   0.3 0.2
EQUITY IN INCOME OF SUBSIDIARIES 4.3   4.6   8.7 9.1
INCOME FROM CONTINUING OPERATIONS 251.5   278.6   274.4 334.2
Income (loss) from discontinued operations, net of tax 0.1   (0.3)   0.0 (0.1)
NET INCOME (LOSS) 251.6   278.3   274.4 334.1
Other Comprehensive Income (Loss), Net of Tax 6.6   6.0   13.3 11.9
TOTAL COMPREHENSIVE INCOME (LOSS) 258.2   284.3   287.7 346.0
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]            
Product Revenue 0.0   0.0   0.0 0.0
Freight Revenue 0.0   0.0   0.0 0.0
Revenues 0.0   0.0   0.0 0.0
COST OF GOODS SOLD 0.0   0.0   0.0 0.0
SALES MARGIN 0.0   0.0   0.0 0.0
Selling, general and administrative expenses (0.2)   (0.1)   (0.3) (0.4)
Miscellaneous - net (0.8)   (0.3)   (1.0) (0.9)
Other operating expense (1.0)   (0.4)   (1.3) (1.3)
OPERATING INCOME (LOSS) (1.0)   (0.4)   (1.3) (1.3)
Interest expense, net 0.1   0.2   0.2 0.5
Gain (loss) on extinguishment of debt 0.0   0.0   0.0 0.0
Other non-operating income (expense) 4.8   5.0   9.5 9.8
TOTAL OTHER INCOME (EXPENSE) 4.9   5.2   9.7 10.3
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 3.9   4.8   8.4 9.0
Income tax benefit (expense) 0.0   0.2   0.1 0.2
EQUITY IN INCOME OF SUBSIDIARIES 0.0   0.0   0.0 0.0
INCOME FROM CONTINUING OPERATIONS 3.9   4.6   8.3 8.8
Income (loss) from discontinued operations, net of tax (0.8)   (67.9)   (0.7) (139.1)
NET INCOME (LOSS) 3.1   (63.3)   7.6 (130.3)
Other Comprehensive Income (Loss), Net of Tax 0.0   2.2   0.0 3.0
TOTAL COMPREHENSIVE INCOME (LOSS) 3.1   (61.1)   7.6 (127.3)
Consolidation, Eliminations [Member]            
Product Revenue 0.0   0.0   0.0 0.0
Freight Revenue 0.0   0.0   0.0 0.0
Revenues 0.0   0.0   0.0 0.0
COST OF GOODS SOLD 0.0   0.0   0.0 0.0
SALES MARGIN 0.0   0.0   0.0 0.0
Selling, general and administrative expenses 0.0   0.0   0.0 0.0
Miscellaneous - net 0.0   0.0   0.0 0.0
Other operating expense 0.0   0.0   0.0 0.0
OPERATING INCOME (LOSS) 0.0   0.0   0.0 0.0
Interest expense, net 0.0   0.0   0.0 0.0
Gain (loss) on extinguishment of debt 0.0   0.0   0.0 0.0
Other non-operating income (expense) 0.0   0.0   0.0 0.0
TOTAL OTHER INCOME (EXPENSE) 0.0   0.0   0.0 0.0
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 0.0   0.0   0.0 0.0
Income tax benefit (expense) 0.0   0.0   0.0 0.0
EQUITY IN INCOME OF SUBSIDIARIES (254.7)   (215.0)   (282.0) (203.8)
INCOME FROM CONTINUING OPERATIONS (254.7)   (215.0)   (282.0) (203.8)
Income (loss) from discontinued operations, net of tax 0.0   0.0   0.0 0.0
NET INCOME (LOSS) (254.7)   (215.0)   (282.0) (203.8)
Other Comprehensive Income (Loss), Net of Tax (6.6)   (8.2)   (13.3) (14.9)
TOTAL COMPREHENSIVE INCOME (LOSS) $ (261.3)   $ (223.2)   $ (295.3) $ (218.7)