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Statements Of Condensed Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| OPERATING ACTIVITIES | |||
| Net income (loss) | $ (8,311.6)us-gaap_ProfitLoss | $ 361.8us-gaap_ProfitLoss | $ (1,126.6)us-gaap_ProfitLoss |
| Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: | |||
| Depreciation, depletion and amortization | 504.0us-gaap_DepreciationDepletionAndAmortization | 593.3us-gaap_DepreciationDepletionAndAmortization | 525.8us-gaap_DepreciationDepletionAndAmortization |
| Impairment of goodwill and other long-lived assets | 9,029.9us-gaap_AssetImpairmentCharges | 250.8us-gaap_AssetImpairmentCharges | 1,049.9us-gaap_AssetImpairmentCharges |
| Equity loss in ventures (net of tax) | 9.9us-gaap_IncomeLossFromEquityMethodInvestments | 74.4us-gaap_IncomeLossFromEquityMethodInvestments | 404.8us-gaap_IncomeLossFromEquityMethodInvestments |
| Deferred income taxes | (1,153.9)us-gaap_DeferredIncomeTaxExpenseBenefit | (138.1)us-gaap_DeferredIncomeTaxExpenseBenefit | 127.0us-gaap_DeferredIncomeTaxExpenseBenefit |
| Changes in deferred revenue and below-market sales contracts | (18.0)clf_IncreaseDecreaseInDeferredRevenueAndBelowMarketSalesContracts | (52.8)clf_IncreaseDecreaseInDeferredRevenueAndBelowMarketSalesContracts | (24.5)clf_IncreaseDecreaseInDeferredRevenueAndBelowMarketSalesContracts |
| Loss on sale of Cliffs Logan County Coal | 419.6clf_LossonsaleofCliffsLoganCountyCoal | 0clf_LossonsaleofCliffsLoganCountyCoal | 0clf_LossonsaleofCliffsLoganCountyCoal |
| Other | (37.7)us-gaap_OtherNoncashIncomeExpense | (3.3)us-gaap_OtherNoncashIncomeExpense | (40.9)us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities: | |||
| Receivables and other assets | (82.8)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets | 138.8us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets | (74.8)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets |
| Product inventories | 37.8us-gaap_IncreaseDecreaseInInventories | 30.8us-gaap_IncreaseDecreaseInInventories | 39.9us-gaap_IncreaseDecreaseInInventories |
| Payables and accrued expenses | (38.3)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (109.8)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (366.1)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash provided by operating activities | 358.9us-gaap_NetCashProvidedByUsedInOperatingActivities | 1,145.9us-gaap_NetCashProvidedByUsedInOperatingActivities | 514.5us-gaap_NetCashProvidedByUsedInOperatingActivities |
| INVESTING ACTIVITIES | |||
| Purchase of property, plant and equipment | (284.1)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (861.6)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (1,127.5)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of Cliffs Logan County Coal | 155.0clf_ProceedsfromsaleofCliffsLoganCountyCoal | 0clf_ProceedsfromsaleofCliffsLoganCountyCoal | 0clf_ProceedsfromsaleofCliffsLoganCountyCoal |
| Proceeds from sale of Sonoma | 0clf_ProceedsfromsaleofSonoma | 0clf_ProceedsfromsaleofSonoma | 152.6clf_ProceedsfromsaleofSonoma |
| Other investing activities | 25.5us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 50.3us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 13.1us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Net cash used in investing activities | (103.6)us-gaap_NetCashProvidedByUsedInInvestingActivities | (811.3)us-gaap_NetCashProvidedByUsedInInvestingActivities | (961.8)us-gaap_NetCashProvidedByUsedInInvestingActivities |
| FINANCING ACTIVITIES | |||
| Net proceeds from issuance of Series A, Mandatory Convertible Preferred Stock, Class A | 0us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock | 709.4us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock | 0us-gaap_ProceedsFromIssuanceOfConvertiblePreferredStock |
| Net proceeds from issuance of common shares | 0us-gaap_ProceedsFromIssuanceOfCommonStock | 285.3us-gaap_ProceedsFromIssuanceOfCommonStock | 0us-gaap_ProceedsFromIssuanceOfCommonStock |
| Net proceeds from issuance of senior notes | 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt | 497.0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt |
| Repayment of term loan | 0us-gaap_RepaymentsOfOtherLongTermDebt | (847.1)us-gaap_RepaymentsOfOtherLongTermDebt | (124.8)us-gaap_RepaymentsOfOtherLongTermDebt |
| Borrowings under credit facilities | 1,219.5us-gaap_ProceedsFromLongTermLinesOfCredit | 670.5us-gaap_ProceedsFromLongTermLinesOfCredit | 1,012.0us-gaap_ProceedsFromLongTermLinesOfCredit |
| Repayment under credit facilities | (1,219.5)us-gaap_RepaymentsOfLongTermLinesOfCredit | (995.5)us-gaap_RepaymentsOfLongTermLinesOfCredit | (687.0)us-gaap_RepaymentsOfLongTermLinesOfCredit |
| Proceeds from equipment loans | 0clf_Proceedsfromequipmentloans | 164.8clf_Proceedsfromequipmentloans | 0clf_Proceedsfromequipmentloans |
| Repayments of equipment loans | (20.9)clf_Repaymentsofequipmentloans | (3.0)clf_Repaymentsofequipmentloans | 0clf_Repaymentsofequipmentloans |
| Repayment of senior notes | 0us-gaap_RepaymentsOfSeniorDebt | 0us-gaap_RepaymentsOfSeniorDebt | (325.0)us-gaap_RepaymentsOfSeniorDebt |
| Repurchase of debt | (28.8)us-gaap_GainLossOnRepurchaseOfDebtInstrument | 0us-gaap_GainLossOnRepurchaseOfDebtInstrument | 0us-gaap_GainLossOnRepurchaseOfDebtInstrument |
| Contributions (to)/by joint ventures, net | (25.7)us-gaap_ProceedsFromContributionsFromAffiliates | 23.3us-gaap_ProceedsFromContributionsFromAffiliates | 95.4us-gaap_ProceedsFromContributionsFromAffiliates |
| Common stock dividends | (92.5)us-gaap_PaymentsOfDividendsCommonStock | (91.9)us-gaap_PaymentsOfDividendsCommonStock | (307.2)us-gaap_PaymentsOfDividendsCommonStock |
| Preferred stock dividends | (51.2)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | (35.7)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock | 0us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock |
| Other financing activities | (69.2)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (52.0)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (40.8)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash (used in) provided by financing activities | (288.3)us-gaap_NetCashProvidedByUsedInFinancingActivities | (171.9)us-gaap_NetCashProvidedByUsedInFinancingActivities | 119.6us-gaap_NetCashProvidedByUsedInFinancingActivities |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (11.6)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (22.4)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 1.3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (44.6)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 140.3us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (326.4)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 335.5clf_CashAndCashEquivalentsAtCarryingValueIncludingAssetsHeldForSale | 195.2clf_CashAndCashEquivalentsAtCarryingValueIncludingAssetsHeldForSale | 521.6clf_CashAndCashEquivalentsAtCarryingValueIncludingAssetsHeldForSale |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $ 290.9clf_CashAndCashEquivalentsAtCarryingValueIncludingAssetsHeldForSale | $ 335.5clf_CashAndCashEquivalentsAtCarryingValueIncludingAssetsHeldForSale | $ 195.2clf_CashAndCashEquivalentsAtCarryingValueIncludingAssetsHeldForSale |
| X | ||||||||||
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- Definition
Cash And Cash Equivalents, At Carrying Value, Including Assets Held For Sale No definition available.
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- Definition
Increase (Decrease) in Deferred Revenue, carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and Below Market Sales Contracts, sales contracts obtained through the purchase of a subsidiary, which are below market value at acquisition. No definition available.
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| X | ||||||||||
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- Definition
Loss on sale of Cliffs Logan County Coal No definition available.
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| X | ||||||||||
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- Definition
Proceeds from equipment loans No definition available.
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| X | ||||||||||
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- Definition
Proceeds from sale of Cliffs Logan County Coal No definition available.
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| X | ||||||||||
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- Definition
Proceeds from sale of Sonoma No definition available.
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| X | ||||||||||
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- Definition
Repayments of equipment loans No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of gain (loss) from the difference between the repurchase price of a debt instrument initially issued by the entity and the net carrying amount of the debt at the time of its repurchase. No definition available.
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| X | ||||||||||
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the total amount of receivables from all parties and other operating assets not separately disclosed in the statement of cash flows. No definition available.
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from an entity that is affiliated with the entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from issuance of preferred stocks identified as being convertible into another form of financial instrument, typically the entity's common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow for a long-term debt where the holder has highest claim on the entity's asset in case of bankruptcy or liquidation during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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