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

ACQUISITIONS - AK Steel Consideration (Details)

v3.21.2

ACQUISITIONS - AK Steel Consideration (Details) $ / shares in Units, $ in Millions	Mar. 13, 2020 USD ($) $ / shares shares	Sep. 30, 2021 shares	Jun. 30, 2021 shares	Mar. 31, 2021 shares	Dec. 31, 2020 shares	Sep. 30, 2020 shares	Jun. 30, 2020 shares	Mar. 31, 2020 shares	Dec. 31, 2019 shares
Business Acquisition [Line Items]
Common shares, outstanding (in shares) \| shares		500,055,941			477,517,372
AK Steel
Business Acquisition [Line Items]
Fair value of debt included in consideration	$ 914
Fair value of Cliffs common shares issued for AK Steel outstanding common stock	618
Other	3
Consideration transferred	$ 1,535
Common shares, outstanding (in shares) \| shares	317,000,000
Exchange ratio	0.400
Shares of Cliffs common shares issued to AK Steel stockholders (in shares) \| shares	127,000,000
Price per share of Cliffs common shares (in dollars per share) \| $ / shares	$ 4.87
ABL Facility \| AK Steel
Business Acquisition [Line Items]
Fair value of debt included in consideration	$ 590
7.500% Senior Secured Notes due July 2023 \| AK Steel
Business Acquisition [Line Items]
Fair value of debt included in consideration	324
Common Stock
Business Acquisition [Line Items]
Common shares, outstanding (in shares) \| shares		500,000,000	500,000,000	499,000,000	478,000,000	399,000,000	399,000,000	399,000,000	271,000,000
Common Stock \| AK Steel
Business Acquisition [Line Items]
Fair value of Cliffs common shares issued for AK Steel outstanding common stock	$ 618
Common Stock \| AK Steel
Business Acquisition [Line Items]
Exchange ratio	0.400

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