What does other businesses — foreign currency translation mean?

This metric represents the net impact of exchange rate fluctuations on the financial results of business units operating in non-functional currencies. It captures gains or losses arising from the conversion of foreign-denominated assets, liabilities, and earnings into the reporting currency. Monitoring this helps investors isolate operational performance from volatility caused by global currency market movements.

Cleveland-Cliffs (CLF) Other Businesses — Foreign currency translation

Screener

Other segment segments

Steelmaking

-$16M-278%

Similar metrics at other companies

THOOther — Foreign currency translation

$0—

CCKOther — Foreign currency translation

$750K+160%

ABMBusiness & Industry — Foreign currency translation

$800K+23.1%

CTASAll Other Segments — Foreign currency translation

-$6K—

COHRIndustrial — Foreign currency translation

-$59.86M—

SUNBSpecialty — Foreign currency translation

$1M+500%

Other financials

Income statement

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Revenue$5.2B+5.9%

Gross profit$132.0M+162%

Operating income-$49.0M+90.2%

Net income-$134.0M+71.7%

EPS (diluted)-$0.25+74.5%

Balance sheet

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Cash & equivalents$70.0M+14.8%

Total debt$7.7B-0.3%

Total equity$5.6B-3.7%

Total assets$20.1B-1.7%

Cash flow

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Operating cash flow-$325.0M+7.4%

CapEx$157.0M+40.2%

Free cash flow-$477.0M+5.2%

Valuation

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Market cap$7.22B+55.7%

Enterprise value$14.85B+20.7%

P/S0.4×+0.1×

Profitability

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Gross margin-1.1%—

Operating margin-4.2%-1.5pp

Net margin-4.3%-1.5pp

FCF margin-5.3%-0.3pp

Returns & leverage

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Return on equity-14.6%-4.3pp

Debt / equity1.4×0.0×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by Cleveland-Cliffs in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The source filing: Cleveland-Cliffs’s 10-Q, filed July 23, 2026.

Filed: Jul 23, 2026, 4:08 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0000764065-26-000100

(In millions)	Steelmaking	Other Businesses	Total
Beginning balance January 1, 2026	$1,765	$49	$1,814
Foreign currency translation	(30)	—	(30)
Ending balance June 30, 2026	$1,735	$49	$1,784

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Cleveland-Cliffs's other businesses — foreign currency translation?: Cleveland-Cliffs (CLF) reported other businesses — foreign currency translation of $0 in Q2 2026.
What does other businesses — foreign currency translation mean?: This metric represents the net impact of exchange rate fluctuations on the financial results of business units operating in non-functional currencies. It captures gains or losses arising from the conversion of foreign-denominated assets, liabilities, and earnings into the reporting currency. Monitoring this helps investors isolate operational performance from volatility caused by global currency market movements.