Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2020

Revenues from related parties were as follows:


	(In Millions)
	Year Ended December 31,
	2020			2019			2018
Revenue from related parties	$	893		$	1,015		$	1,344
Revenues1	$	5,354		$	1,990		$	2,332
Related party revenues as a percent of Revenues1	16.7		%	51.0		%	57.6		%
Purchases from related parties	$	16		$	—		$	—

1 Includes Realization of deferred revenue of $35 million for the year ended December 31, 2020.

The following table presents the classification of related party assets and liabilities in the Statements of Consolidated Financial Position:


	(In Millions)
	December 31,
Balance Sheet Location of Assets (Liabilities)	2020		2019
Accounts receivable, net	$	2	$	31
Other current assets	—		45
Accounts payable	(6)		—
Other current liabilities	—		(2)