Quarterly report [Sections 13 or 15(d)]

Statements Of Unaudited Condensed Consolidated Operations

v3.26.1
Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues $ 4,922 $ 4,629
Operating costs:    
Cost of goods sold (5,004) (5,025)
Selling, general and administrative expenses (125) (133)
Restructuring and other charges 0 (3)
Miscellaneous – net (6) (11)
Total operating costs (5,135) (5,172)
Operating loss (213) (543)
Other income (expense):    
Interest expense, net (148) (140)
Net periodic benefit credits other than service cost component 64 57
Changes in fair value of derivatives, net (10) (9)
Total other expense (94) (92)
Loss from continuing operations before income taxes (307) (635)
Income tax benefit 81 149
Loss from continuing operations (226) (486)
Loss from discontinued operations, net of tax (3) 0
Net loss (229) (486)
Net income attributable to noncontrolling interests (8) (12)
Net loss attributable to Cliffs shareholders $ (237) $ (498)
Loss per common share attributable to Cliffs shareholders - basic    
Continuing operations $ (0.42) $ (1.01)
Discontinued operations 0 0
Earnings Per Share, Basic, Total (0.42) (1.01)
Loss per common share attributable to Cliffs shareholders - diluted    
Continuing operations (0.42) (1.01)
Discontinued operations 0 0
Earnings Per Share, Diluted, Total $ (0.42) $ (1.01)