Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.19.1
RELATED PARTIES (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019:
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,
 
 
2019
 
2018
Product revenues from related parties
 
$
41.1

 
$
62.1

Total product revenues
 
$
145.4

 
$
169.2

Related party product revenue as a percent of total product revenue
 
28.3
%
 
36.7
%
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
 
March 31, 2019
 
December 31, 2018
Accounts receivable, net
 
$
15.3

 
$
176.0

Derivative assets
 
106.4

 
89.3

Partnership distribution payable
 
(43.8
)
 
(43.5
)
Other current liabilities
 
(0.5
)
 
(1.8
)
 
 
$
77.4

 
$
220.0