v3.21.2
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 73 $ 112
Accounts receivable, net 2,062 1,169
Inventories 4,280 3,828
Other current assets 159 189
Total current assets 6,574 5,298
Non-current assets:    
Property, plant and equipment, net 8,982 8,743
Goodwill 1,070 1,406
Deferred income taxes 333 537
Other non-current assets 787 787
TOTAL ASSETS 17,746 16,771
Current liabilities:    
Accounts payable 1,665 1,575
Accrued employment costs 550 460
Pension and OPEB liabilities, current 151 151
Other current liabilities 620 743
Total current liabilities 2,986 2,929
Non-current liabilities:    
Long-term debt 5,368 5,390
Pension and OPEB liabilities, non-current 3,841 4,113
Other non-current liabilities 1,272 1,260
TOTAL LIABILITIES 13,467 13,692
Commitments and contingencies (See Note 18)
Series B Participating Redeemable Preferred Stock - no par value 738 738
SHAREHOLDERS' EQUITY    
Common shares - par value $0.125 per share, Authorized - 1,200,000,000 shares (2020 - 600,000,000 shares); Issued - 506,832,537 shares (2020 -506,832,537 shares); Outstanding - 499,701,762 shares (2020 - 477,517,372 shares) 63 63
Capital in excess of par value of shares 5,491 5,431
Retained deficit (2,168) (2,989)
Cost of 7,130,775 common shares in treasury (2020 - 29,315,165 shares) (87) (354)
Accumulated other comprehensive loss (66) (133)
Total Cliffs shareholders' equity 3,233 2,018
Noncontrolling interest 308 323
TOTAL EQUITY 3,541 2,341
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY $ 17,746 $ 16,771

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