Quarterly report pursuant to Section 13 or 15(d)

ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS (Tables)

v3.5.0.2
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2016
Environmental Remediation Obligations [Abstract]  
Summary Of Mine Closure Obligations
The following is a summary of the obligations as of September 30, 2016 and December 31, 2015:
 
(In Millions)
 
September 30,
2016
 
December 31,
2015
Environmental
$
3.0

 
$
3.6

Mine closure
 
 
 
LTVSMC
25.0

 
24.1

Operating mines:
 
 
 
U.S. Iron Ore
176.8

 
189.9

Asia Pacific Iron Ore
18.0

 
16.4

Total mine closure
219.8

 
230.4

Total environmental and mine closure obligations
222.8

 
234.0

Less current portion
2.6

 
2.8

Long term environmental and mine closure obligations
$
220.2

 
$
231.2

Asset Retirement Obligation Disclosure
The following represents a rollforward of our asset retirement obligation liability related to our active mining locations for the nine months ended September 30, 2016 and for the year ended December 31, 2015:
 
(In Millions)
 
September 30,
2016
 
December 31,
2015
Asset retirement obligation at beginning of period
$
206.3

 
$
142.4

Accretion expense
8.4

 
6.5

Exchange rate changes
0.9

 
(1.1
)
Revision in estimated cash flows
(20.8
)
 
58.5

Asset retirement obligation at end of period
$
194.8

 
$
206.3