Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.19.2
RELATED PARTIES (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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
June 30,
 
Six Months Ended
June 30,
 
2019
 
2018
 
2019
 
2018
Product revenues from related parties
$
415.8

 
$
409.4

 
$
456.9

 
$
471.1

Total product revenues
$
697.4

 
$
672.0

 
$
842.8

 
$
841.2

Related party product revenue as a percent of total product revenue
59.6
%
 
60.9
%
 
54.2
%
 
56.0
%

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, 2019
 
December 31, 2018
Accounts receivable, net
 
$
139.3

 
$
176.0

Derivative assets
 
116.2

 
89.3

Partnership distribution payable
 
(44.1
)
 
(43.5
)
Other current liabilities
 
(2.7
)
 
(1.8
)
 
 
$
208.7

 
$
220.0