Quarterly report [Sections 13 or 15(d)]

Statements Of Unaudited Condensed Consolidated Operations

v3.25.1
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenues $ 4,629 $ 5,199
Operating costs:    
Cost of goods sold (5,020) (4,914)
Selling, general and administrative expenses (133) (132)
Restructuring and other charges (3) (104)
Asset impairment 0 (64)
Miscellaneous – net (11) (23)
Total operating costs (5,167) (5,237)
Operating loss (538) (38)
Other income (expense):    
Interest expense, net (140) (64)
Loss on extinguishment of debt 0 (21)
Net periodic benefit credits other than service cost component 57 60
Other non-operating income (expense) (9) 2
Total other expense (92) (23)
Loss before income taxes (630) (61)
Income tax benefit 147 8
Net loss (483) (53)
Net income attributable to noncontrolling interests (12) (14)
Net loss attributable to Cliffs shareholders $ (495) $ (67)
Loss per common share attributable to Cliffs shareholders:    
Income (Loss) from Continuing Operations, Per Basic Share $ (1.00) $ (0.14)
Income (Loss) from Continuing Operations, Per Diluted Share $ (1.00) $ (0.14)