Cleveland-Cliffs Inc. Quarterly report pursuant to Section 13 or 15(d)

LEASE OBLIGATIONS (Tables)

3 Months Ended

Mar. 31, 2018

Future minimum payments under capital leases and non-cancellable operating leases as of March 31, 2018 are as follows:



	(In Millions)
	Capital Leases		Operating Leases
2018 (April 1 - December 31)	$	14.7	$	3.3
2019	12.0		1.9
2020	11.0		1.8
2021	10.3		1.8
2022	2.1		1.8
2023 and thereafter	—		7.5
Total minimum lease payments	$	50.1	$	18.1
Amounts representing interest	7.6
Present value of net minimum lease payments¹	$	42.5

¹ The total is comprised of $14.6 million and $27.9 million classified as Other current liabilities and Other liabilities, respectively, in the Statements of Unaudited Condensed Consolidated Financial Position as of March 31, 2018.