CLEVELAND-CLIFFS INC. (CLF) FY2026 Q3 Balance Sheet

Income StatementCash FlowBalance Sheet

Balance Sheet

As of 2026-09-30

Swipe to see the full flow
CLEVELAND-CLIFFS INC. (CLF) FY2026 Q3 Balance SheetBalance sheet as of 2026-09-30. The chart shows assets, liabilities and equity at that date.Current liabilities$3.79 BLiabilities$14.38 BCurrent assets$7.10 BAssets$20.34 BNon-current liabilities$10.58 BNon-current assets$13.24 BEquity$5.97 BGross equity(calculated)$7.37 BHOLDINGSASSET CLASSASSETSCLAIM CLASSCLAIM SUB-CLASSCLAIMSInventoriesAccounts receivable, netOther current assetsCash and cash equivalentsProperty, plant and equipment, netGoodwillIntangible assets, netOther non-current assetsPension and OPEB assetsAccounts payableOther current liabilitiesAccrued employment costsAccrued expensesLong-term debtOther non-current liabilitiesAsset retirement and environmental obligationsPension and OPEB liabilitiesDeferred income taxesCapital in excess of par value of sharesAccumulated other comprehensive incomeCommon shares - par value $0.125 per shareNoncontrolling interestsCurrent assetsNon-current assetsAssetsCurrent liabilitiesNon-current liabilitiesLiabilitiesEquityGross equity (calculated)Retained deficitCost of 35,495,730 common shares in treasury (2025 - 36,292,287 shares)Accounts payableAccounts payable$2.33 BCurrent liabilitiesCurrent liabilities$3.79 BOther current liabilitiesOther current liabilities$628.00 MLiabilitiesLiabilities$14.38 BCurrent assetsCurrent assets$7.10 BAccrued employment costsAccrued employment costs$527.00 MInventoriesInventories$4.69 BAccrued expensesAccrued expenses$310.00 MAssetsAssets$20.34 BAccounts receivable, netAccounts receivable, net$2.16 BNon-current liabilitiesNon-current liabilities$10.58 BOther current assetsOther current assets$174.00 MLong-term debtLong-term debt$7.65 BCash and cash equivalentsCash and cash equivalents$77.00 MOther non-current liabilitiesOther non-current liabilities$1.35 BNon-current assetsNon-current assets$13.24 BAsset retirement and environmental obligationsAsset retirement and environmental obligations$698.00 MProperty, plant and equipment, netProperty, plant and equipment, net$9.19 BPension and OPEB liabilitiesPension and OPEB liabilities$593.00 MEquityEquity$5.97 BDeferred income taxesDeferred income taxes$300.00 MGoodwillGoodwill$1.78 BGross equity (calculated)Gross equity(calculated)$7.37 BIntangible assets, netIntangible assets, net$1.04 BCapital in excess of par value of sharesCapital in excess of par value of shares$5.76 BOther non-current assetsOther non-current assets$640.00 MAccumulated other comprehensive incomeAccumulated other comprehensive income$1.25 BPension and OPEB assetsPension and OPEB assets$589.00 MCommon shares - par value $0.125 per shareCommon shares - par value $0.125 per share$76.00 MNoncontrolling interestsNoncontrolling interests$279.00 MRetained deficitRetained deficit−$759.00 MCost of 35,495,730 common shares in treasury (2025 - 36,292,287 shares)Cost of 35,495,730 common shares in treasury−$642.00 M
Chart details

CLEVELAND-CLIFFS INC. (CLF) FY2026 Q3 Balance Sheet

Balance sheet as of 2026-09-30. The chart shows assets, liabilities and equity at that date.

Assets
20,342,000,000 US dollars
Current assets
7,104,000,000 US dollars
Non-current assets
13,238,000,000 US dollars
Liabilities
14,376,000,000 US dollars
Current liabilities
3,792,000,000 US dollars
Non-current liabilities
10,584,000,000 US dollars
Equity
5,966,000,000 US dollars
Noncontrolling interest
279,000,000 US dollars. Included in consolidated equity; this amount is not added again.
Inventories
4,694,000,000 US dollars
Accounts receivable, net
2,159,000,000 US dollars
Other current assets
174,000,000 US dollars
Cash and cash equivalents
77,000,000 US dollars
Property, plant and equipment, net
9,186,000,000 US dollars
Goodwill
1,782,000,000 US dollars
Intangible assets, net
1,041,000,000 US dollars
Other non-current assets
640,000,000 US dollars
Pension and OPEB assets
589,000,000 US dollars
Accounts payable
2,327,000,000 US dollars
Other current liabilities
628,000,000 US dollars
Accrued employment costs
527,000,000 US dollars
Accrued expenses
310,000,000 US dollars
Long-term debt
7,645,000,000 US dollars
Other non-current liabilities
1,348,000,000 US dollars
Asset retirement and environmental obligations
698,000,000 US dollars
Pension and OPEB liabilities
593,000,000 US dollars
Deferred income taxes
300,000,000 US dollars
Capital in excess of par value of shares
5,761,000,000 US dollars
Accumulated other comprehensive income
1,251,000,000 US dollars
Common shares - par value $0.125 per share
76,000,000 US dollars
Noncontrolling interests
279,000,000 US dollars
Retained deficit
negative 759,000,000 US dollars
Cost of 35,495,730 common shares in treasury (2025 - 36,292,287 shares)
negative 642,000,000 US dollars
Gross equity (calculated)
7,367,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

  • Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
  • Treasury shares and other negative equity contributions reduce equity.
CLEVELAND-CLIFFS INC. (CLF) FY2026 Q3 Balance Sheet Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!