Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

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

SUPPLEMENTARY GUARANTOR INFORMATION (Supplementary Statements of Condensed Consolidating Operations and Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenues from product sales and services	$ 534.1	$ 555.6	$ 743.2	$ 157.0	$ 696.3	$ 741.8	$ 714.3	$ 180.0	$ 1,989.9	$ 2,332.4	$ 1,866.0
Cost of goods sold and operating expenses									(1,414.2)	(1,522.8)	(1,398.4)
Sales margin	$ 126.9	$ 154.9	$ 263.0	$ 30.9	$ 202.0	$ 261.6	$ 284.5	$ 61.5	575.7	809.6	467.6
Other operating income (expense):
Selling, general and administrative expenses									(119.4)	(113.5)	(102.9)
Miscellaneous - net									(27.0)	(22.9)	25.5
Total other operating expense									(146.4)	(136.4)	(77.4)
Operating income (loss)									429.3	673.2	390.2
Other income (expense):
Interest income (expense), net									(101.2)	(118.9)	(126.8)
Loss on extinguishment of debt									(18.2)	(6.8)	(165.4)
Other non-operating income									2.2	17.2	10.2
Total other expense									(117.2)	(108.5)	(282.0)
Income (loss) from continuing operations before income taxes									312.1	564.7	108.2
Income tax benefit (expense)									(17.6)	475.2	252.4
Equity in income of subsidiaries									0.0	0.0	0.0
Income from continuing operations									294.5	1,039.9	360.6
Income (loss) from discontinued operations, net of tax									(1.7)	88.2	2.5
Net income									292.8	1,128.1	363.1
Net Income (Loss) Attributable to Noncontrolling Interest									0.0	0.0	(3.9)
Net income attributable to Cliffs shareholders									292.8	1,128.1	367.0
Other comprehensive income (loss)									(34.9)	(244.9)	(4.0)
Total comprehensive income (loss) attributable to Cliffs shareholders									257.9	883.2	363.0
Consolidation, Eliminations [Member]
Revenues from product sales and services									0.0	0.0	0.0
Cost of goods sold and operating expenses									0.0	0.0	0.0
Sales margin									0.0	0.0	0.0
Other operating income (expense):
Selling, general and administrative expenses									0.0	0.0	0.0
Miscellaneous - net									0.0	0.0	0.0
Total other operating expense									0.0	0.0	0.0
Operating income (loss)									0.0	0.0	0.0
Other income (expense):
Interest income (expense), net									0.0	0.0	0.0
Loss on extinguishment of debt									0.0	0.0	0.0
Other non-operating income									0.0	0.0	0.0
Total other expense									0.0	0.0	0.0
Income (loss) from continuing operations before income taxes									0.0	0.0	0.0
Income tax benefit (expense)									0.0	0.0	0.0
Equity in income of subsidiaries									(549.9)	(883.7)	(524.4)
Income from continuing operations									(549.9)	(883.7)	(524.4)
Income (loss) from discontinued operations, net of tax									0.0	0.0	0.0
Net income											(524.4)
Net Income (Loss) Attributable to Noncontrolling Interest											0.0
Net income attributable to Cliffs shareholders									(549.9)	(883.7)	(524.4)
Other comprehensive income (loss)									18.9	280.8	(8.1)
Total comprehensive income (loss) attributable to Cliffs shareholders									(531.0)	(602.9)	(532.5)
Parent [Member] \| Reportable Legal Entities [Member]
Revenues from product sales and services									0.0	0.0	0.0
Cost of goods sold and operating expenses									0.0	0.0	0.0
Sales margin									0.0	0.0	0.0
Other operating income (expense):
Selling, general and administrative expenses									(100.7)	(86.1)	(77.2)
Miscellaneous - net									0.1	(0.3)	(2.3)
Total other operating expense									(100.6)	(86.4)	(79.5)
Operating income (loss)									(100.6)	(86.4)	(79.5)
Other income (expense):
Interest income (expense), net									(99.4)	(117.6)	(126.8)
Loss on extinguishment of debt									(18.2)	(6.8)	(165.4)
Other non-operating income									(4.0)	(3.5)	(4.0)
Total other expense									(121.6)	(127.9)	(296.2)
Income (loss) from continuing operations before income taxes									(222.2)	(214.3)	(375.7)
Income tax benefit (expense)									(17.0)	474.7	251.4
Equity in income of subsidiaries									531.6	858.2	512.6
Income from continuing operations									292.4	1,118.6	388.3
Income (loss) from discontinued operations, net of tax									0.4	9.5	(21.3)
Net income											367.0
Net Income (Loss) Attributable to Noncontrolling Interest											0.0
Net income attributable to Cliffs shareholders									292.8	1,128.1	367.0
Other comprehensive income (loss)									(34.9)	(244.9)	(4.0)
Total comprehensive income (loss) attributable to Cliffs shareholders									257.9	883.2	363.0
Guarantor Subsidiaries [Member] \| Reportable Legal Entities [Member]
Revenues from product sales and services									1,989.9	2,332.4	1,866.0
Cost of goods sold and operating expenses									(1,414.2)	(1,522.8)	(1,398.4)
Sales margin									575.7	809.6	467.6
Other operating income (expense):
Selling, general and administrative expenses									(18.3)	(27.1)	(19.9)
Miscellaneous - net									(26.0)	(26.9)	11.0
Total other operating expense									(44.3)	(54.0)	(8.9)
Operating income (loss)									531.4	755.6	458.7
Other income (expense):
Interest income (expense), net									(2.3)	(2.1)	(1.0)
Loss on extinguishment of debt									0.0	0.0	0.0
Other non-operating income									(12.9)	0.9	(3.0)
Total other expense									(15.2)	(1.2)	(4.0)
Income (loss) from continuing operations before income taxes									516.2	754.4	454.7
Income tax benefit (expense)									(0.4)	0.0	1.3
Equity in income of subsidiaries									18.3	25.5	11.8
Income from continuing operations									534.1	779.9	467.8
Income (loss) from discontinued operations, net of tax									(0.3)	12.3	1.7
Net income											469.5
Net Income (Loss) Attributable to Noncontrolling Interest											(3.9)
Net income attributable to Cliffs shareholders									533.8	792.2	473.4
Other comprehensive income (loss)									(35.8)	(24.1)	12.9
Total comprehensive income (loss) attributable to Cliffs shareholders									498.0	768.1	486.3
Non-Guarantor Subsidiaries [Member] \| Reportable Legal Entities [Member]
Revenues from product sales and services									0.0	0.0	0.0
Cost of goods sold and operating expenses									0.0	0.0	0.0
Sales margin									0.0	0.0	0.0
Other operating income (expense):
Selling, general and administrative expenses									(0.4)	(0.3)	(5.8)
Miscellaneous - net									(1.1)	4.3	16.8
Total other operating expense									(1.5)	4.0	11.0
Operating income (loss)									(1.5)	4.0	11.0
Other income (expense):
Interest income (expense), net									0.5	0.8	1.0
Loss on extinguishment of debt									0.0	0.0	0.0
Other non-operating income									19.1	19.8	17.2
Total other expense									19.6	20.6	18.2
Income (loss) from continuing operations before income taxes									18.1	24.6	29.2
Income tax benefit (expense)									(0.2)	0.5	(0.3)
Equity in income of subsidiaries									0.0	0.0	0.0
Income from continuing operations									17.9	25.1	28.9
Income (loss) from discontinued operations, net of tax									(1.8)	66.4	22.1
Net income											51.0
Net Income (Loss) Attributable to Noncontrolling Interest											0.0
Net income attributable to Cliffs shareholders									16.1	91.5	51.0
Other comprehensive income (loss)									16.9	(256.7)	(4.8)
Total comprehensive income (loss) attributable to Cliffs shareholders									$ 33.0	$ (165.2)	$ 46.2