v3.21.2
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 42 $ 112
Accounts receivable, net 2,348 1,169
Inventories 4,505 3,828
Other current assets 251 189
Total current assets 7,146 5,298
Non-current assets:    
Property, plant and equipment, net 8,974 8,743
Goodwill 1,072 1,406
Deferred income taxes 70 537
Other non-current assets 804 787
TOTAL ASSETS 18,066 16,771
Current liabilities:    
Accounts payable 1,828 1,575
Accrued employment costs 592 460
Pension and OPEB liabilities, current 151 151
Other current liabilities 708 743
Total current liabilities 3,279 2,929
Non-current liabilities:    
Long-term debt 5,350 5,390
Pension and OPEB liabilities, non-current 3,773 4,113
Other non-current liabilities 1,374 1,260
TOTAL LIABILITIES 13,776 13,692
Commitments and contingencies (See Note 18)
Series B Participating Redeemable Preferred Stock - no par value 0 738
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 - 500,055,941 shares (2020 - 477,517,372 shares) 63 63
Capital in excess of par value of shares 4,887 5,431
Retained deficit (894) (2,989)
Cost of 6,776,596 common shares in treasury (2020 - 29,315,165 shares) (83) (354)
Accumulated other comprehensive income (loss) 23 (133)
Total Cliffs shareholders' equity 3,996 2,018
Noncontrolling interest 294 323
TOTAL EQUITY 4,290 2,341
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY $ 18,066 $ 16,771

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