Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

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Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 260.8 $ 323.4
Accounts receivable, net 63.9 128.7
Inventories 207.7 178.4
Supplies and other inventories 92.5 91.4
Derivative Asset, Current 89.5 33.1
Loans to and accounts receivable from the Canadian Entities 51.9 48.6
Other current assets 24.8 21.0
TOTAL CURRENT ASSETS 791.1 824.6
PROPERTY, PLANT AND EQUIPMENT, NET 993.8 984.4
OTHER ASSETS    
OTHER NON-CURRENT ASSETS 138.4 114.9
TOTAL ASSETS 1,923.3 1,923.9
CURRENT LIABILITIES    
Accounts payable 102.0 107.6
Accrued expenses 109.4 123.3
Interest Payable, Current 21.7 40.2
Contingent claims 50.0 0.0
Derivative Liability, Current 9.3 0.5
Other current liabilities 125.1 119.5
TOTAL CURRENT LIABILITIES 417.5 391.1
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 254.3 280.5
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 205.4 193.9
LONG-TERM DEBT 1,689.4 2,175.1
OTHER LIABILITIES 189.8 213.8
TOTAL LIABILITIES 2,756.4 3,254.4
COMMITMENTS AND CONTINGENCIES (REFER TO NOTE 18)
CLIFFS SHAREHOLDERS' DEFICIT    
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2016 - 400,000,000 shares); Issued - 301,886,794 shares (2016 - 238,636,794 shares); Outstanding - 296,503,284 shares (2016 - 233,074,091 shares) 37.7 29.8
Capital in excess of par value of shares 3,913.2 3,347.0
Retained deficit (4,517.2) (4,574.3)
Cost of 5,383,510 common shares in treasury (2016 - 5,562,703 shares) (236.2) (245.5)
Accumulated other comprehensive loss (30.8) (21.3)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (833.3) (1,464.3)
NONCONTROLLING INTEREST 0.2 133.8
TOTAL DEFICIT (833.1) (1,330.5)
TOTAL LIABILITIES AND DEFICIT $ 1,923.3 $ 1,923.9