Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE - Earnings Per Share Computation (Details)

v3.23.3
EARNINGS PER SHARE - Earnings Per Share Computation (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Earnings Per Share [Abstract]        
Income from continuing operations $ 274 $ 165 $ 587 $ 1,578
Income attributable to noncontrolling interest (11) (13) (35) (31)
Net income from continuing operations attributable to Cliffs shareholders 263 152 552 1,547
Income from discontinued operations, net of tax 1 0 2 2
Net income attributable to Cliffs shareholders $ 264 $ 152 $ 554 $ 1,549
Weighted average number of shares:        
Basic (in shares) 508 516 512 520
Convertible senior notes (in shares) 0 0 0 2
Employee stock plans (in shares) 1 3 1 4
Diluted (in shares) 509 519 513 526
Earnings per common share attributable to Cliffs shareholders - basic:        
Continuing operations (in dollars per share) $ 0.52 $ 0.30 $ 1.08 $ 2.98
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per Common Share - Basic (in dollars per share) 0.52 0.30 1.08 2.98
Earnings per common share attributable to Cliffs shareholders - diluted:        
Continuing operations (in dollars per share) 0.52 0.29 1.08 2.95
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per Common Share - Diluted (in dollars per share) $ 0.52 $ 0.29 $ 1.08 $ 2.95