Cleveland-Cliffs Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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Financial Statements
Notes to Financial Statements
Accounting Policies
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ACCUMULATED OTHER COMPREHENSIVE INCOME - Changes in AOCI (loss) related to shareholders' equity (Details)

v3.23.3

ACCUMULATED OTHER COMPREHENSIVE INCOME - Changes in AOCI (loss) related to shareholders' equity (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance			$ 1,830
Ending balance	$ 1,647	$ 810	1,647	$ 810
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1)	(1)	(1)	1
Other comprehensive income (loss) before reclassifications, net of tax	0	(2)	0	(4)
Ending balance	(1)	(3)	(1)	(3)
Derivative Instruments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(150)	109	(16)	68
Other comprehensive income (loss) before reclassifications	(21)	154	(229)	292
Income tax	5	(38)	56	(69)
Other comprehensive income (loss) before reclassifications, net of tax	(16)	116	(173)	223
(Gains) losses reclassified from AOCI to net income	63	(74)	93	(158)
Income tax expense (benefit)	(16)	19	(23)	37
Net losses (gains) reclassified from AOCI to net income	47	(55)	70	(121)
Ending balance	(119)	170	(119)	170
Pension and OPEB
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	1,794	550	1,847	549
Other comprehensive income (loss) before reclassifications	0	119	0	119
Income tax	0	(28)	0	(28)
Other comprehensive income (loss) before reclassifications, net of tax	0	91	0	91
(Gains) losses reclassified from AOCI to net income	(35)	3	(106)	4
Income tax expense (benefit)	8	(1)	26	(1)
Net losses (gains) reclassified from AOCI to net income	(27)	2	(80)	3
Ending balance	$ 1,767	$ 643	$ 1,767	$ 643

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

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