Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Equity Method Investments Investees and equity ownership percentages are presented below:
Investee
 
Segment Reported Within
 
Equity Ownership Percentage
Combined Metals of Chicago, LLC
 
Steel and Manufacturing
 
40.0%
Hibbing Taconite Company
 
Mining and Pelletizing
 
23.0%
Spartan Steel Coating, LLC
 
Steel and Manufacturing
 
48.0%

Hibbing is a co-owned joint venture with companies that are integrated steel producers or their subsidiaries. The following is a summary of the mine ownership of the co-owned iron ore mine at June 30, 2020:
Mine
 
Cleveland-Cliffs Inc.
 
ArcelorMittal USA
 
U.S. Steel
Hibbing
 
23.0%
 
62.3%
 
14.7%