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Quarterly report pursuant to Section 13 or 15(d)

DEBT AND CREDIT FACILITIES - Debt Redemption (Details)

v3.24.3
DEBT AND CREDIT FACILITIES - Debt Redemption (Details) - USD ($)
$ in Millions
9 Months Ended
Aug. 16, 2024
Apr. 03, 2024
Mar. 18, 2024
Sep. 30, 2024
Dec. 31, 2023
Debt Instrument, Redemption [Line Items]
Aggregate principal amount $ 3,835 $ 3,192
6.750% 2026 Senior Secured Notes | Cleveland-Cliffs Inc.
Debt Instrument, Redemption [Line Items]
Aggregate principal amount $ 0 829
Stated interest rate 6.75%
Amount of debt extinguished $ 189 $ 640
7.000% 2032 Senior Notes | Cleveland-Cliffs Inc.
Debt Instrument, Redemption [Line Items]
Aggregate principal amount $ 600 $ 825 $ 1,425 $ 0
Stated interest rate 7.00%
Repurchase price if triggering event occurs 101.00%
Debt issuance price as a percent of face amount 99.25%
7.000% 2032 Senior Notes | Cleveland-Cliffs Inc. | Minimum
Debt Instrument, Redemption [Line Items]
Redemption notice period 10 days
7.000% 2032 Senior Notes | Cleveland-Cliffs Inc. | Maximum
Debt Instrument, Redemption [Line Items]
Redemption notice period 60 days
7.000% 2032 Senior Notes | Debt Instrument, Redemption, Period One | Cleveland-Cliffs Inc.
Debt Instrument, Redemption [Line Items]
Redemption price percentage 100.00%
7.000% 2032 Senior Notes | Debt Instrument, Redemption, Period One, Upon Equity Issuance | Cleveland-Cliffs Inc.
Debt Instrument, Redemption [Line Items]
Redemption price percentage 107.00%
Percentage of principal available for redemption 35.00%
7.000% 2032 Senior Notes | Debt Instrument, Redemption, Period Two | Cleveland-Cliffs Inc.
Debt Instrument, Redemption [Line Items]
Redemption price percentage 103.50%
7.000% 2032 Senior Notes | Debt Instrument, Redemption, Period Three | Cleveland-Cliffs Inc.
Debt Instrument, Redemption [Line Items]
Redemption price percentage 101.75%