日韩三级片

Annual report [Section 13 and 15(d), not S-K Item 405]

ACCUMULATED OTHERCOMPREHENSIVE INCOME (LOSS) (Tables)

v3.25.0.1
ACCUMULATED OTHERCOMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract] 听
Components of Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income within Cliffs shareholders鈥� equity and related tax effects allocated to each are shown below:
December 31,
(In millions) 2024 2023 2022
Foreign Currency Translation
Beginning balance $ 鈥�听 $ (1) $ 1听
Other comprehensive income (loss) before reclassifications (70) 1听 (2)
Ending balance $ (70) $ 鈥斕� $ (1)
Derivative Instruments
Beginning balance $ (170) $ (16) $ 68听
Other comprehensive income (loss) before reclassifications (41) (345) 146听
Income tax 10听 81听 (33)
Other comprehensive income (loss) before reclassifications, net of tax (31) (264) 113听
Losses (gains) reclassified from AOCI to net income1
195听 144听 (256)
Income tax expense (benefit)2
(47) (34) 59听
Net losses (gains) reclassified from AOCI to net income 148听 110听 (197)
Ending balance $ (53) $ (170) $ (16)
Pension and OPEB
Beginning balance $ 1,827听 $ 1,847听 $ 549听
Other comprehensive income (loss) before reclassifications4
(68) 115听 1,759听
Income tax 17听 (39) (434)
Other comprehensive income (loss) before reclassifications, net of tax (51) 76听 1,325听
Gains reclassified from AOCI to net income3
(154) (145) (36)
Income tax expense2
38听 49听 9听
Net gains reclassified from AOCI to net income (116) (96) (27)
Ending balance $ 1,660听 $ 1,827听 $ 1,847听
Total AOCI Ending Balance $ 1,537听 $ 1,657听 $ 1,830听
1 Amounts recognized in Cost of goods sold in the Statements of Consolidated 日韩三级片.
2 Amounts recognized in Income tax benefit (expense) in the Statements of Consolidated 日韩三级片.
3 Amounts recognized in Net periodic benefit credits other than service cost component in the Statements of Consolidated 日韩三级片.
4 Refer to NOTE 9 - PENSIONS AND OTHER POSTRETIREMENT BENEFITS for further information.