AG真人平台AG真人试玩

Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS - Consideration (Details)

v3.22.4
ACQUISITIONS - Consideration (Details)
$ / shares in Units, $ in Millions
Nov. 18, 2021
USD ($)
Dec. 09, 2020
USD ($)
$ / shares
shares
Mar. 13, 2020
USD ($)
$ / shares
shares
Dec. 31, 2022
shares
Dec. 31, 2021
shares
Business Acquisition [Line Items]
Cash consideration $ 639
Common shares, outstanding (in shares) | shares 513,340,779 500,158,955
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 801
Cash consideration paid related to IRC Section 338(h)(10) 23
Total purchase consideration 781
Cash consideration pursuant to the AM USA Transaction Agreement $ 778
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
Cash consideration pursuant to working capital adjustments (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
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]
Other consideration transferred $ 3
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 [Member]
Business Acquisition [Line Items]
Fair value of AK AG真人平台AG真人试玩 debt $ 324