Quarterly report pursuant to Section 13 or 15(d)

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

v3.19.3
SUPPLEMENTARY GUARANTOR INFORMATION (Supplementary Statements of Condensed Consolidating Operations and Comprehensive Income) (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues $ 555.6     $ 741.8     $ 1,455.8 $ 1,636.1
COST OF GOODS SOLD (400.7)     (480.2)     (1,007.0) (1,028.5)
SALES MARGIN 154.9     261.6     448.8 607.6
Selling, general and administrative expenses (25.5)     (29.1)     (82.2) (78.9)
Miscellaneous - net (7.8)     (7.0)     (19.0) (18.7)
Other operating expense (33.3)     (36.1)     (101.2) (97.6)
OPERATING INCOME (LOSS) 121.6     225.5     347.6 510.0
Interest expense, net (25.3)     (29.5)     (76.5) (93.1)
Gain (loss) on extinguishment of debt       0.0     (18.2) 0.2
Other non-operating income (expense) 0.3     4.3     1.3 13.1
TOTAL OTHER INCOME (EXPENSE) (25.0)     (25.2)     (93.4) (79.8)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 96.6     200.3     254.2 430.2
Income tax benefit (expense) (4.8)     (0.5)     (23.1) (14.4)
EQUITY IN INCOME OF SUBSIDIARIES 0.0     0.0     0.0 0.0
INCOME FROM CONTINUING OPERATIONS 91.8     199.8     231.1 415.8
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX (0.9)     238.0     (1.5) 102.8
NET INCOME (LOSS) 90.9 $ 160.8 $ (22.1) 437.8 $ 165.1 $ (84.3) 229.6 518.6
Other Comprehensive Income (Loss), Net of Tax 6.2 3.7 8.4 (221.2) $ 9.1 $ 7.7 18.3 (204.4)
TOTAL COMPREHENSIVE INCOME (LOSS) 97.1 $ 164.5 $ (13.7) 216.6     247.9 314.2
Reportable Legal Entities [Member] | Cliffs Shareholders Equity [Member]                
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 (20.7)     (23.1)     (67.1) (62.9)
Miscellaneous - net 0.0     0.0     0.0 (0.4)
Other operating expense (20.7)     (23.1)     (67.1) (63.3)
OPERATING INCOME (LOSS) (20.7)     (23.1)     (67.1) (63.3)
Interest expense, net (24.9)     (29.2)     (75.0) (91.9)
Gain (loss) on extinguishment of debt             (18.2) 0.2
Other non-operating income (expense) (0.9)     (0.9)     (3.0) (2.6)
TOTAL OTHER INCOME (EXPENSE) (25.8)     (30.1)     (96.2) (94.3)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (46.5)     (53.2)     (163.3) (157.6)
Income tax benefit (expense) (4.8)     (0.3)     (22.7) (13.8)
EQUITY IN INCOME OF SUBSIDIARIES 142.2     471.0     415.5 665.7
INCOME FROM CONTINUING OPERATIONS 90.9     417.5     229.5 494.3
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX 0.0     20.3     0.1 24.3
NET INCOME (LOSS) 90.9     437.8     229.6 518.6
Other Comprehensive Income (Loss), Net of Tax 6.2     (221.2)     18.3 (204.4)
TOTAL COMPREHENSIVE INCOME (LOSS) 97.1     216.6     247.9 314.2
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]                
Revenues 555.6     741.8     1,455.8 1,636.1
COST OF GOODS SOLD (400.7)     (480.2)     (1,007.0) (1,028.5)
SALES MARGIN 154.9     261.6     448.8 607.6
Selling, general and administrative expenses (4.7)     (5.7)     (14.7) (15.3)
Miscellaneous - net (7.7)     (6.5)     (17.9) (16.9)
Other operating expense (12.4)     (12.2)     (32.6) (32.2)
OPERATING INCOME (LOSS) 142.5     249.4     416.2 575.4
Interest expense, net (0.6)     (0.4)     (1.9) (1.8)
Gain (loss) on extinguishment of debt             0.0 0.0
Other non-operating income (expense) (3.4)     0.1     (9.8) 0.8
TOTAL OTHER INCOME (EXPENSE) (4.0)     (0.3)     (11.7) (1.0)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 138.5     249.1     404.5 574.4
Income tax benefit (expense) 0.0     0.0     (0.3) (0.2)
EQUITY IN INCOME OF SUBSIDIARIES 4.6     4.7     13.3 13.8
INCOME FROM CONTINUING OPERATIONS 143.1     253.8     417.5 588.0
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX (0.3)     12.9     (0.3) 12.8
NET INCOME (LOSS) 142.8     266.7     417.2 600.8
Other Comprehensive Income (Loss), Net of Tax 6.8     6.1     20.1 18.0
TOTAL COMPREHENSIVE INCOME (LOSS) 149.6     272.8     437.3 618.8
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]                
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 (0.1)     (0.3)     (0.4) (0.7)
Miscellaneous - net (0.1)     (0.5)     (1.1) (1.4)
Other operating expense (0.2)     (0.8)     (1.5) (2.1)
OPERATING INCOME (LOSS) (0.2)     (0.8)     (1.5) (2.1)
Interest expense, net 0.2     0.1     0.4 0.6
Gain (loss) on extinguishment of debt             0.0 0.0
Other non-operating income (expense) 4.6     5.1     14.1 14.9
TOTAL OTHER INCOME (EXPENSE) 4.8     5.2     14.5 15.5
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 4.6     4.4     13.0 13.4
Income tax benefit (expense) 0.0     (0.2)     (0.1) (0.4)
EQUITY IN INCOME OF SUBSIDIARIES 0.0     0.0     0.0 0.0
INCOME FROM CONTINUING OPERATIONS 4.6     4.2     12.9 13.0
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX (0.6)     204.8     (1.3) 65.7
NET INCOME (LOSS) 4.0     209.0     11.6 78.7
Other Comprehensive Income (Loss), Net of Tax 0.0     (230.5)     0.0 (227.5)
TOTAL COMPREHENSIVE INCOME (LOSS) 4.0     (21.5)     11.6 (148.8)
Consolidation, Eliminations [Member]                
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
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 (146.8)     (475.7)     (428.8) (679.5)
INCOME FROM CONTINUING OPERATIONS (146.8)     (475.7)     (428.8) (679.5)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX 0.0     0.0     0.0 0.0
NET INCOME (LOSS) (146.8)     (475.7)     (428.8) (679.5)
Other Comprehensive Income (Loss), Net of Tax (6.8)     224.4     (20.1) 209.5
TOTAL COMPREHENSIVE INCOME (LOSS) (153.6)     (251.3)     (448.9) (470.0)
Product [Member]                
Revenues 515.0     684.7     1,357.8 1,525.9
Product [Member] | Reportable Legal Entities [Member] | Cliffs Shareholders Equity [Member]                
Revenues 0.0     0.0     0.0 0.0
Product [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]                
Revenues 515.0     684.7     1,357.8 1,525.9
Product [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]                
Revenues 0.0     0.0     0.0 0.0
Product [Member] | Consolidation, Eliminations [Member]                
Revenues 0.0     0.0     0.0 0.0
Freight [Member]                
Revenues 40.6     57.1     98.0 110.2
Freight [Member] | Reportable Legal Entities [Member] | Cliffs Shareholders Equity [Member]                
Revenues 0.0     0.0     0.0 0.0
Freight [Member] | Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]                
Revenues 40.6     57.1     98.0 110.2
Freight [Member] | Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]                
Revenues 0.0     0.0     0.0 0.0
Freight [Member] | Consolidation, Eliminations [Member]                
Revenues $ 0.0     $ 0.0     $ 0.0 $ 0.0