| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Revenues | 4,734 | 4,934 | 4,629 | 4,569 |
| Cost of goods sold | 4,780 | 5,143 | 5,020 | 4,673 |
| Selling, general and administrative expenses | 130 | 137 | 133 | 112 |
| Acquisition-related costs | 0 | - | - | 14 |
| Restructuring and other charges | 3 | 86 | 3 | 2 |
| Asset impairment | 0 | 39 | 0 | 0 |
| Miscellaneous net | -25 | -27 | -11 | -27 |
| Total operating costs | 4,938 | 5,432 | 5,167 | 4,828 |
| Operating loss | -204 | -498 | -538 | -259 |
| Interest expense, net | -153 | -149 | -140 | -102 |
| Loss on extinguishment of debt | 0 | 0 | 0 | 0 |
| Net periodic benefit credits other than service cost component | -57 | -43 | -57 | -62 |
| Changes in fair value of derivatives, net | -10 | - | - | -7 |
| Other non-operating income | 1 | -14 | -9 | 0 |
| Total other expense | -105 | -120 | -92 | -47 |
| Loss from continuing operations before income taxes | -309 | -618 | -630 | -306 |
| Income tax benefit | -78 | -148 | -147 | -76 |
| Loss from continuing operations | -231 | - | - | -230 |
| Loss from discontinued operations, net of tax | -3 | - | - | 0 |
| Net loss | -234 | -470 | -483 | -230 |
| Net income attributable to noncontrolling interests | 17 | 13 | 12 | 12 |
| Net loss attributable to cliffs shareholders | -251 | -483 | -495 | -242 |
| Basic (in shares) | 495,000,000 | 495,000,000 | 495,000,000 | 468,000,000 |
| Diluted (in shares) | 495,000,000 | 495,000,000 | 495,000,000 | 468,000,000 |
| Earnings per share, basic, total | -0.51 | - | - | -0.52 |
| Earnings per share, diluted, total | -0.51 | - | - | -0.52 |
CLEVELAND-CLIFFS INC. (CLF)
CLEVELAND-CLIFFS INC. (CLF)