v3.22.1
Statements Of Unaudited Condensed Consolidated Financial Position - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 35 $ 48
Accounts receivable, net 2,667 2,154
Inventories 5,562 5,188
Other current assets 295 263
Total current assets 8,559 7,653
Non-current assets:    
Property, plant and equipment, net 9,012 9,186
Goodwill 1,127 1,116
Other non-current assets 1,070 1,020
TOTAL ASSETS 19,768 18,975
Current liabilities:    
Accounts payable 2,271 2,073
Accrued employment costs 541 585
Other current liabilities 939 903
Total current liabilities 3,751 3,561
Non-current liabilities:    
Long-term debt 5,028 5,238
Pension liability, non-current 552 578
OPEB liability, non-current 2,346 2,383
Other non-current liabilities 1,483 1,441
TOTAL LIABILITIES 13,160 13,201
Commitments and contingencies (See Note 18)
SHAREHOLDERS' EQUITY    
Common shares - par value $0.125 per share, Authorized - 1,200,000,000 shares (2021 - 1,200,000,000 shares); Issued - 531,051,530 shares (2021 -506,832,537 shares); Outstanding - 524,714,208 shares (2021 - 500,158,955 shares) 66 63
Capital in excess of par value of shares 4,848 4,892
Retained earnings (deficit) 800 (1)
Cost of 6,337,322 common shares in treasury (2021 - 6,673,582 shares) (90) (82)
Accumulated other comprehensive income 715 618
Total Cliffs shareholders' equity 6,339 5,490
Noncontrolling interest 269 284
TOTAL EQUITY 6,608 5,774
TOTAL LIABILITIES AND EQUITY $ 19,768 $ 18,975

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