Annual report pursuant to Section 13 and 15(d)

Statements Of Condensed Consolidated Financial Position

v3.20.4
Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 112 $ 353
Accounts receivable, net 1,169 94
Inventories 3,828 317
Income tax receivable, current 24 59
Other current assets 165 75
Total current assets 5,298 898
Non-current assets:    
Property, plant and equipment, net 8,743 1,929
Goodwill 1,406 2
Deferred income taxes 537 460
Other non-current assets 787 215
TOTAL ASSETS 16,771 3,504
Current liabilities:    
Accounts payable 1,575 193
Accrued employment costs 460 67
State and local taxes 147 38
Pension and OPEB liabilities, current 151 4
Other current liabilities 596 107
Total current liabilities 2,929 409
Non-current liabilities:    
Long-term debt 5,390 2,114
Pension and OPEB liabilities, non-current 4,113 312
Other non-current liabilities 1,260 311
TOTAL LIABILITIES 13,692 3,146
Commitments and contingencies (See Note 21)
Series B Participating Redeemable Preferred Stock - no par value. Authorized, Issued and Outstanding - 583,273 738 0
Equity:    
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2019 - 600,000,000 shares); Issued - 506,832,537 shares (2019 - 301,886,794) shares); Outstanding - 477,517,372 shares (2019 - 270,084,005) shares) 63 37
Capital in excess of par value of shares 5,431 3,873
Retained deficit (2,989) (2,842)
Cost of 29,315,165 common shares in treasury (2019 - 31,802,789 shares) (354) (391)
Accumulated other comprehensive loss (133) (319)
Total Cliffs shareholders' equity 2,018 358
Noncontrolling interest 323 0
TOTAL EQUITY 2,341 358
TOTAL LIABILITIES, REDEEMABLE PREFERRED STOCK AND EQUITY $ 16,771 $ 3,504