| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 66 | 61 | 57 | 39 |
| Accounts receivable, net | 1,797 | 1,783 | 1,798 | 1,583 |
| Inventories | 4,683 | 4,699 | 4,886 | 4,236 |
| Other current assets | 143 | 144 | 223 | 169 |
| Total current assets | 6,689 | 6,687 | 6,964 | 6,027 |
| Property, plant and equipment, net | 9,508 | 9,620 | 9,797 | 8,687 |
| Goodwill | 1,796 | 1,814 | 1,767 | 1,005 |
| Intangible assets | 1,142 | 1,185 | 1,150 | - |
| Pension and opeb assets | 469 | 453 | 443 | 378 |
| Other non-current assets | 686 | 712 | 715 | 699 |
| Total assets | 20,290 | 20,471 | 20,836 | 16,796 |
| Accounts payable | 1,914 | 1,947 | 2,020 | 1,983 |
| Accrued employment costs | 565 | 521 | 443 | 413 |
| Accrued expenses | 339 | 348 | 361 | 379 |
| Other current liabilities | 462 | 461 | 442 | 480 |
| Total current liabilities | 3,280 | 3,277 | 3,266 | 3,255 |
| A70002027Senior Notes-Cleveland Cliffs Inc. | 73 | 73 | 73 | - |
| A70002027AKSenior Notes-AKSteel | 56 | 56 | 56 | - |
| A5.8752027Senior Notes-Cleveland Cliffs Inc. | 556 | 556 | 556 | - |
| A46252029Senior Notes-Cleveland Cliffs Inc. | 368 | 368 | 368 | - |
| A6.8752029Senior Notes-Cleveland Cliffs Inc. | 900 | 900 | 900 | - |
| A67502030Senior Notes-Cleveland Cliffs Inc. | 750 | 750 | 750 | - |
| A48752031Senior Notes-Cleveland Cliffs Inc. | 325 | 325 | 325 | - |
| A7.5002031Senior Notes-Cleveland Cliffs Inc. | 850 | 850 | 850 | - |
| A7.0002032Senior Notes-Cleveland Cliffs Inc. | 1,425 | 1,425 | 1,425 | - |
| A7.3752033Senior Notes-Cleveland Cliffs Inc. | 900 | 900 | 900 | - |
| A7.6252034Senior Notes-Cleveland Cliffs Inc. | 850 | - | - | - |
| A62502040Senior Notes-Cleveland Cliffs Inc. | 235 | 235 | 235 | - |
| Long-term line of credit-Cleveland Cliffs Inc.-Revolving Credit Facility | 847 | 1,377 | 1,255 | - |
| Long-term debt, gross | 8,135 | 7,815 | 7,693 | 3,835 |
| Unamortized discounts and issuance costs | -96 | -88 | -92 | 61 |
| Long-term debt | 8,039 | 7,727 | 7,601 | 3,774 |
| Pension and opeb liabilities | 645 | 693 | 711 | 666 |
| Deferred income taxes | 506 | 612 | 723 | 567 |
| Asset retirement and environmental obligations | 614 | 613 | 609 | - |
| Other non-current liabilities | 1,499 | 1,507 | 1,442 | 1,439 |
| Total liabilities | 14,583 | 14,429 | 14,352 | 9,701 |
| Common shares - par value 0.125 per share | 66 | 66 | 66 | 66 |
| Capital in excess of par value of shares | 4,783 | 4,768 | 4,756 | 4,875 |
| Retained earnings (deficit) | -286 | 1 | 484 | 1,426 |
| Cost of 36,351,756 common shares in treasury (2024 - 37,102,625 shares) | 660 | 660 | 664 | 1,153 |
| Accumulated other comprehensive income | 1,563 | 1,644 | 1,612 | 1,640 |
| Total cliffs shareholders' equity | 5,466 | 5,819 | 6,254 | 6,854 |
| Noncontrolling interests | 241 | 223 | 230 | 241 |
| Equity, including portion attributable to noncontrolling interest, total | 5,707 | 6,042 | 6,484 | 7,095 |
| Total liabilities and equity | 20,290 | 20,471 | 20,836 | 16,796 |
CLEVELAND-CLIFFS INC. (CLF)
CLEVELAND-CLIFFS INC. (CLF)