Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule Of Subsidiaries
Basis of Consolidation
The unaudited condensed consolidated financial statements include our accounts and the accounts of our wholly-owned subsidiaries, including the following operations as of March 31, 2018:
Name
 
Location
 
Status of Operations
Northshore
 
Minnesota
 
Active
United Taconite
 
Minnesota
 
Active
Tilden
 
Michigan
 
Active
Empire
 
Michigan
 
Indefinitely Idled
Koolyanobbing1
 
Western Australia
 
Active
 
 
 
 
 
1 On April 6, 2018, we committed to a course of action expected to lead to the permanent closure of the Asia Pacific Iron Ore mining operations and expect our final Asia Pacific Iron Ore shipment to occur by June 30, 2018.

Intercompany transactions and balances are eliminated upon consolidation.
Foreign Currency
The following represents the transaction gains and losses resulting from remeasurement:
 
(In Millions)
 
Three Months Ended
March 31,
 
2018
 
2017
Short-term intercompany loans
$
(0.2
)
 
$
15.1

Cash and cash equivalents
0.1

 
(1.2
)
Other
(0.2
)
 
(0.3
)
Net impact of transaction gains (losses) resulting from remeasurement
$
(0.3
)
 
$
13.6