Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.10.0.1
RELATED PARTIES (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Product revenues from related parties
$
409.4

 
$
227.5

 
$
471.4

 
$
336.9

Total product revenues
$
672.0

 
$
417.0

 
$
841.2

 
$
664.3

Related party product revenue as a percent of total product revenue
60.9
%
 
54.6
%
 
56.0
%
 
50.7
%
Summary of Balance Sheet Presentation
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
 
June 30, 2018
 
December 31, 2017
Amounts due from related parties
Accounts receivable, net
 
$
83.2

 
$
68.1

Customer supply agreement and provisional pricing agreements
Derivative assets
 
169.4

 
37.9

Amounts due to related parties
Partnership distribution payable
 
(44.2
)
 
(44.2
)
Amounts due to related parties
Other current liabilities
 
(3.6
)
 
(12.3
)
Amounts due to related parties
Other liabilities
 
(42.7
)
 
(41.4
)
Net amounts due from related parties
 
 
$
162.1

 
$
8.1