v3.24.1.u1
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Revenues $ 5,199 $ 5,295
Operating costs:    
Cost of goods sold (4,914) (5,196)
Selling, general and administrative expenses (132) (127)
Restructuring and other charges (104) 0
Asset impairment (64) 0
Miscellaneous – net (23) (3)
Total operating costs (5,237) (5,326)
Operating loss (38) (31)
Other income (expense):    
Interest expense, net (64) (77)
Loss on extinguishment of debt (21) 0
Net periodic benefit credits other than service cost component 60 50
Other non-operating income 2 2
Total other expense (23) (25)
Loss from continuing operations before income taxes (61) (56)
Income tax benefit 8 13
Loss from continuing operations (53) (43)
Income from discontinued operations, net of tax 0 1
Net loss (53) (42)
Income attributable to noncontrolling interests (14) (15)
Net loss attributable to Cliffs shareholders $ (67) $ (57)
Loss per common share attributable to Cliffs shareholders - basic    
Continuing operations (in dollars per share) $ (0.14) $ (0.11)
Discontinued operations (in dollars per share) 0 0
Earnings per Common Share - Basic (in dollars per share) (0.14) (0.11)
Loss per common share attributable to Cliffs shareholders - diluted    
Continuing operations (in dollars per share) (0.14) (0.11)
Discontinued operations (in dollars per share) 0 0
Earnings per Common Share - Diluted (in dollars per share) $ (0.14) $ (0.11)

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