v3.22.1
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Revenues $ 5,955 $ 4,049
Operating costs:    
Cost of goods sold (4,706) (3,761)
Selling, general and administrative expenses (122) (108)
Miscellaneous – net (33) (3)
Total operating costs (4,861) (3,872)
Operating income 1,094 177
Other income (expense):    
Interest expense, net (77) (92)
Loss on extinguishment of debt (14) (66)
Net periodic benefit credits other than service cost component 49 47
Other non-operating expense (2) 0
Total other expense (44) (111)
Income from continuing operations before income taxes 1,050 66
Income tax expense (237) (9)
Income from continuing operations 813 57
Income from discontinued operations, net of tax 1 0
Net income 814 57
Income attributable to noncontrolling interest (13) (16)
Net income attributable to Cliffs shareholders $ 801 $ 41
Earnings per common share attributable to Cliffs shareholders - basic    
Continuing operations (in dollars per share) $ 1.54 $ 0.08
Discontinued operations (in dollars per share) 0 0
Earnings per Common Share - Basic (in dollars per share) 1.54 0.08
Earnings per common share attributable to Cliffs shareholders - diluted    
Continuing operations (in dollars per share) 1.50 0.07
Discontinued operations (in dollars per share) 0 0
Earnings (Loss) per Common Share - Diluted (in dollars per share) $ 1.50 $ 0.07

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