Annual report pursuant to Section 13 and 15(d)

RELATED PARTIES (Tables)

v3.8.0.1
RELATED PARTIES (Tables)
 12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Summary Of Other Ownership Interests
December 31, 2017:
Mine
 
Cleveland-Cliffs Inc.
 
ArcelorMittal
 
U.S. Steel
Hibbing
 
23.0
%
 
62.3
%
 
14.7
%
Summary Of Related Party Transactions Table Disclosure
Product revenues from related parties were as follows:
 
(In Millions)
 
Year Ended
December 31,
 
2017
 
2016
 
2015
Product revenues from related parties
$
806.7

 
$
830.1

 
$
671.1

Total product revenues
2,089.2

 
1,913.5

 
1,832.4

Related party product revenue as a percent of total product revenue
38.6
%
 
43.4
%
 
36.6
%
Summary of Balance Sheet Presentation [Table Text Block]
The following table presents the classification of related party assets and liabilities in the Statements of Consolidated Financial Position as of December 31, 2017 and 2016:
 
(In Millions)
 
Balance Sheet
Location
 
December 31, 2017
 
December 31, 2016
Amounts due from related parties
Accounts receivable, net
 
$
68.1

 
$
46.9

Customer supply agreements and provisional pricing agreements
Derivative assets
 
37.9

 
26.8

Amounts due to related parties
Partnership distribution payable
 
(44.2
)
 
(8.7
)
Amounts due to related parties
Other current liabilities
 
(12.3
)
 
—

Amounts due to related parties
Other liabilities
 
(41.4
)
 
—

Net amounts due from related parties
 
 
$
8.1

 
$
65.0