AG真人平台AG真人试玩

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS - Consideration (Details)

v3.22.0.1
ACQUISITIONS - Consideration (Details)
$ / shares in Units, $ in Millions
12 Months Ended
Nov. 18, 2021
USD ($)
Dec. 09, 2020
USD ($)
$ / shares
shares
Mar. 13, 2020
USD ($)
$ / shares
shares
Dec. 31, 2021
shares
Dec. 31, 2020
shares
Business Acquisition [Line Items]
Cash consideration $ 639
Common shares, outstanding (in shares) | shares 500,158,955 477,517,372
Series B Preferred Stock
Business Acquisition [Line Items]
Fair value of Cliffs issued stock 738
Ferrous Processing and Trading
Business Acquisition [Line Items]
Fair value of settlement of a pre-existing relationship $ (20)
Cash consideration 775
Total purchase consideration $ 755
ArcelorMittal USA
Business Acquisition [Line Items]
Fair value of settlement of a pre-existing relationship (237)
Cash consideration 639
Total purchase consideration 2,604
Cash consideration pursuant to the AM USA Transaction Agreement 505
Cash consideration for purchase of the remaining JV partner's interest of Kote and Tek 182
Total cash consideration receivable (48)
Accounts receivable 97
Freestanding derivative asset from customer supply agreement 140
ArcelorMittal USA | Common Stock
Business Acquisition [Line Items]
Fair value of Cliffs issued stock $ 990
Number of shares issued (in shares) | shares 78,186,671
Share price (in dollars per share) | $ / shares $ 12.66
ArcelorMittal USA | Series B Preferred Stock
Business Acquisition [Line Items]
Number of shares issued (in shares) | shares 583,273 583,273
Share price (in dollars per share) | $ / shares $ 1,266
AK AG真人平台AG真人试玩
Business Acquisition [Line Items]
Total purchase consideration $ 1,535
Share price (in dollars per share) | $ / shares $ 4.87
Fair value of AK AG真人平台AG真人试玩 debt $ 914
Common shares, outstanding (in shares) | shares 317,000,000
Exchange ratio 0.400
Shares of Cliffs common shares issued to AK AG真人平台AG真人试玩 stockholders (in shares) | shares 127,000,000
AK AG真人平台AG真人试玩 | Common Stock
Business Acquisition [Line Items]
Number of shares issued (in shares) | shares 127,000,000
Other consideration transferred $ 3
Exchange ratio 0.400
Fair value of Cliffs common shares issued for outstanding AK AG真人平台AG真人试玩 common stock 618
AK AG真人平台AG真人试玩 | ABL Facility
Business Acquisition [Line Items]
Fair value of AK AG真人平台AG真人试玩 debt 590
AK AG真人平台AG真人试玩 | 7.500% 2023 AK Senior Notes
Business Acquisition [Line Items]
Fair value of AK AG真人平台AG真人试玩 debt $ 324