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Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY

v3.10.0.1
SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2018
Equity [Abstract] 听
SHAREHOLDERS' EQUITY
NOTE 17 - SHAREHOLDERS' DEFICIT
The following table reflects the changes in shareholders' deficit attributable to both us and the noncontrolling interests, primarily related to Tilden and Empire. We own 100% of both mines as of September听30, 2018 and September听30, 2017:
听
(In Millions)
听
Cliffs
厂丑补谤别丑辞濒诲别谤蝉鈥�
Equity (Deficit)
听
Noncontrolling
Interest
听
Total Equity
(Deficit)
December 31, 2017
$
(444.3
)
听
$
0.2

听
$
(444.1
)
Adoption of accounting standard (REFER TO NOTE 2)
34.0

听
鈥�

听
34.0

Comprehensive income (loss)
听
听
听
听
听
Net loss
(84.3
)
听
鈥�

听
(84.3
)
Other comprehensive income
7.7

听
鈥�

听
7.7

Total comprehensive loss
(76.6
)
听
鈥�

听
(76.6
)
Stock and other incentive plans
1.9

听
鈥�

听
1.9

March 31, 2018
$
(485.0
)
听
$
0.2

听
$
(484.8
)
Comprehensive income
听
听
听
听
听
Net income
165.1

听
鈥�

听
165.1

Other comprehensive income
9.1

听
鈥�

听
9.1

Total comprehensive income
174.2

听
鈥�

听
174.2

Stock and other incentive plans
4.5

听
鈥�

听
4.5

Distributions to noncontrolling interest
鈥�

听
(0.2
)
听
(0.2
)
June 30, 2018
$
(306.3
)
听
$
鈥�

听
$
(306.3
)
Comprehensive income (loss)
听
听
听
听
听
Net income
437.8

听
鈥�

听
437.8

Other comprehensive loss
(221.2
)
听
鈥�

听
(221.2
)
Total comprehensive income
216.6

听
鈥�

听
216.6

Stock and other incentive plans
3.5

听
鈥�

听
3.5

September 30, 2018
$
(86.2
)
听
$
鈥�

听
$
(86.2
)
听
(In Millions)
听
Cliffs
厂丑补谤别丑辞濒诲别谤蝉鈥�
Equity (Deficit)
听
Noncontrolling
Interest (Deficit)
听
Total Equity
(Deficit)
December 31, 2016
$
(1,464.3
)
听
$
133.8

听
$
(1,330.5
)
Comprehensive loss
听
听
听
听
听
Net loss
(28.1
)
听
(1.7
)
听
(29.8
)
Other comprehensive loss
(3.0
)
听
(5.0
)
听
(8.0
)
Total comprehensive loss
(31.1
)
听
(6.7
)
听
(37.8
)
Issuance of common shares
661.3

听
鈥�

听
661.3

Stock and other incentive plans
4.0

听
鈥�

听
4.0

March 31, 2017
$
(830.1
)
听
$
127.1

听
$
(703.0
)
Comprehensive income (loss)
听
听
听
听
听
Net income (loss)
31.8

听
(1.7
)
听
30.1

Other comprehensive income
4.9

听
0.4

听
5.3

Total comprehensive income (loss)
36.7

听
(1.3
)
听
35.4

Stock and other incentive plans
4.3

听
鈥�

听
4.3

Distributions to noncontrolling interest
鈥�

听
(3.4
)
听
(3.4
)
June 30, 2017
$
(789.1
)
听
$
122.4

听
$
(666.7
)
Comprehensive income
听
听
听
听
听
Net income (loss)
53.4

听
(0.5
)
听
52.9

Other comprehensive income
2.3

听
5.7

听
8.0

Total comprehensive income
55.7

听
5.2

听
60.9

Stock and other incentive plans
5.2

听
鈥�

听
5.2

Acquisition of noncontrolling interest
(89.1
)
听
(15.9
)
听
(105.0
)
Distributions of partnership equity
(16.0
)
听
(116.7
)
听
(132.7
)
Contributions by noncontrolling interest
鈥�

听
5.2

听
5.2

September 30, 2017
$
(833.3
)
听
$
0.2

听
$
(833.1
)

The following table reflects the changes in Accumulated other comprehensive loss related to Cliffs shareholders鈥� deficit:
听
(In Millions)
听
Changes in Pension and OPEB,
net of tax
听
Changes in Foreign Currency Translation
听
Changes in Derivative Financial Instruments, net of tax
听
Accumulated Other Comprehensive Loss
December 31, 2017
$
(263.9
)
听
$
225.4

听
$
(0.5
)
听
$
(39.0
)
Other comprehensive income before reclassifications
0.5

听
0.7

听
0.4

听
1.6

Net loss (gain) reclassified from accumulated other comprehensive loss
6.2

听
鈥�

听
(0.1
)
听
6.1

March 31, 2018
$
(257.2
)
听
$
226.1

听
$
(0.2
)
听
$
(31.3
)
Other comprehensive income before reclassifications
0.2

听
2.2

听
0.2

听
2.6

Net loss reclassified from accumulated other comprehensive loss
6.5

听
鈥�

听
鈥�

听
6.5

June 30, 2018
$
(250.5
)
听
$
228.3

听
$
鈥�

听
$
(22.2
)
Other comprehensive income (loss) before reclassifications
0.3

听
(0.2
)
听
0.2

听
0.3

Net loss (gain) reclassified from accumulated other comprehensive loss
6.5

听
(228.1
)
听
0.1

听
(221.5
)
September 30, 2018
$
(243.7
)
听
$
鈥�

听
$
0.3

听
$
(243.4
)
听
(In Millions)
听
Changes in Pension and OPEB, net of tax
听
Changes in Foreign Currency Translation
听
Accumulated Other Comprehensive Loss
December 31, 2016
$
(260.6
)
听
$
239.3

听
$
(21.3
)
Other comprehensive income (loss) before reclassifications
3.3

听
(12.7
)
听
(9.4
)
Net loss reclassified from accumulated other comprehensive loss
6.4

听
鈥�

听
6.4

March 31, 2017
$
(250.9
)
听
$
226.6

听
$
(24.3
)
Other comprehensive loss before reclassifications
(0.1
)
听
(1.5
)
听
(1.6
)
Net loss reclassified from accumulated other comprehensive loss
6.5

听
鈥�

听
6.5

June 30, 2017
$
(244.5
)
听
$
225.1

听
$
(19.4
)
Other comprehensive income (loss) before reclassifications
(18.7
)
听
0.5

听
(18.2
)
Net loss reclassified from accumulated other comprehensive loss
6.8

听
鈥�

听
6.8

September 30, 2017
$
(256.4
)
听
$
225.6

听
$
(30.8
)

The following table reflects the details about Accumulated other comprehensive loss components related to Cliffs shareholders鈥� deficit:
听
听
(In Millions)
听
听
Details about Accumulated Other Comprehensive Loss Components
听
Amount of (Gain)/Loss Reclassified into Income, Net of Tax
听
Affected Line Item in the Statement of Unaudited Condensed Consolidated Operations
听
Three Months Ended
September 30,
听
Nine Months Ended
September 30,
听
听
2018
听
2017
听
2018
听
2017
听
Amortization of pension and OPEB liability:
听
听
听
听
听
听
听
听
听
听
Prior service credits
听
$
(0.1
)
听
$
(0.2
)
听
$
(0.5
)
听
$
(0.4
)
听
Other non-operating income
Net actuarial loss
听
6.6

听
7.0

听
19.7

听
20.1

听
Other non-operating income
听
听
$
6.5

听
$
6.8

听
$
19.2

听
$
19.7

听
听
听
听
听
听
听
听
听
听
听
听
听
Changes in foreign currency translation:
听
听
听
听
听
听
听
听
听
听
Gain on foreign currency translation
听
$
(228.1
)
听
$
鈥�

听
$
(228.1
)
听
$
鈥�

听
Income from Discontinued Operations, net of tax
听
听
$
(228.1
)
听
$
鈥�

听
$
(228.1
)
听
$
鈥�

听
听
听
听
听
听
听
听
听
听
听
听
听
Unrealized loss on derivative financial instruments:
听
听
听
听
听
听
听
听
听
听
Commodity contracts
听
$
0.1

听
$
鈥�

听
$
鈥�

听
$
鈥�

听
Cost of goods sold and operating expenses
听
听
$
0.1

听
$
鈥�

听
$
鈥�

听
$
鈥�

听
听
听
听
听
听
听
听
听
听
听
听
听
Total reclassifications for the period, net of tax
听
$
(221.5
)
听
$
6.8

听
$
(208.9
)
听
$
19.7

听
听