Quarterly report pursuant to Section 13 or 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables reflect the changes in Accumulated other comprehensive income related to Cliffs shareholders’ equity:
(In Millions)
Three Months Ended
March 31,
2022 2021
Foreign Currency Translation
Beginning balance $ 1  $
Other comprehensive loss before reclassifications   (1)
Ending balance $ 1  $
Derivative Instruments
Beginning balance $ 68  $ (1)
Other comprehensive income before reclassifications 168  10 
Income tax (39) (2)
Other comprehensive income before reclassifications, net of tax 129 
Gains reclassified from AOCI to net income1
(42) (1)
Income tax expense2
9  — 
Net gains reclassified from AOCI to net income (33) (1)
Ending balance $ 164  $
Pension and OPEB
Beginning balance $ 549  $ (135)
Net actuarial loss reclassified from AOCI to net income3
1 
Income tax benefit2
  (2)
Net losses reclassified from AOCI to net income 1 
Ending balance $ 550  $ (128)
Total AOCI Ending Balance $ 715  $ (120)
1 Amounts recognized in Cost of goods sold in the Statements of Unaudited Condensed Consolidated Operations.
2 Amounts recognized in Income tax expense in the Statements of Unaudited Condensed Consolidated Operations.
3 Amounts recognized in Net periodic benefit credits other than service cost component in the Statements of Unaudited Condensed Consolidated Operations.