Quarterly report [Sections 13 or 15(d)]

Statements Of Unaudited Condensed Consolidated Operations

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Statements Of Unaudited Condensed Consolidated Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 4,934 $ 5,092 $ 9,563 $ 10,291
Operating costs:        
Cost of goods sold (5,143) (4,930) (10,163) (9,844)
Selling, general and administrative expenses (137) (103) (270) (235)
Restructuring and other charges (86) (25) (89) (129)
Asset impairment (39) (15) (39) (79)
Miscellaneous – net (27) (13) (38) (36)
Total operating costs (5,432) (5,086) (10,599) (10,323)
Operating income (loss) (498) 6 (1,036) (32)
Other income (expense):        
Interest expense, net (149) (69) (289) (133)
Loss on extinguishment of debt 0 (6) 0 (27)
Net periodic benefit credits other than service cost component 43 62 100 122
Other non-operating income (expense) (14) 1 (23) 3
Total other expense (120) (12) (212) (35)
Loss before income taxes (618) (6) (1,248) (67)
Income tax benefit 148 15 295 23
Net income (loss) (470) 9 (953) (44)
Net income attributable to noncontrolling interests (13) (7) (25) (21)
Net income (loss) attributable to Cliffs shareholders $ (483) $ 2 $ (978) $ (65)
Earnings (loss) per common share attributable to Cliffs shareholders:        
Income (Loss) from Continuing Operations, Per Basic Share $ (0.97) $ 0.00 $ (1.97) $ (0.13)
Income (Loss) from Continuing Operations, Per Diluted Share $ (0.97) $ 0.00 $ (1.97) $ (0.13)