Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.8.0.1
RELATED PARTIES (Tables)
 3 Months Ended
Mar. 31, 2018
Related Party Transactions [Abstract]  
Summary Of Other Ownership Interests
The following is a summary of the mine ownership of the co-owned iron ore mine at March 31, 2018:
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)
 
Three Months Ended
March 31,
 
2018
 
2017
Product revenues from related parties
$
62.1

 
$
118.5

Total product revenues
$
220.7

 
$
412.8

Related party product revenue as a percent of total product revenue
28.1
%
 
28.7
%
Summary of Balance Sheet Presentation [Table Text Block]
The following table presents the classification of related party assets and liabilities in the Statements of Unaudited Condensed Consolidated Financial Position:
 
(In Millions)
 
Balance Sheet
Location
 
March 31, 2018
 
December 31, 2017
Amounts due from related parties
Accounts receivable, net
 
$
7.9

 
$
68.1

Customer supply agreements and provisional pricing agreements
Derivative assets
 
91.3

 
37.9

Amounts due to related parties
Accounts payable
 
(1.2
)
 
—

Amounts due to related parties
Partnership distribution payable
 
(44.2
)
 
(44.2
)
Amounts due to related parties
Other current liabilities
 
(0.4
)
 
(12.3
)
Amounts due to related parties
Other liabilities
 
(42.0
)
 
(41.4
)
Net amounts due from related parties
 
 
$
11.4

 
$
8.1