Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.20.2
RELATED PARTIES (Tables)
 9 Months Ended
Sep. 30, 2020
Schedule of Equity Method Investments [Line Items]  
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%
Summary Of Related Party Transactions Table Disclosure The tables below summarize our material related party transactions:
    Revenues from related parties were as follows:
(Dollars In Millions)
Three Months Ended
September 30,		 Nine Months Ended
September 30,
2020 2019 2020 2019
Revenue from related parties $ 294.9  $ 293.5  $ 587.5  $ 792.8 
Revenues1
$ 1,646.0  $ 555.6  $ 3,097.8  $ 1,455.8 
Related party revenues as a percent of Revenues1
17.9  % 52.8  % 19.0  % 54.5  %
Purchases from related parties $ 8.2  $ —  $ 20.4  $ — 
1 Includes Realization of deferred revenue of $34.6 million for the nine months ended September 30, 2020.
    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 September 30,
2020		 December 31,
2019
Accounts receivable, net $ 91.6  $ 31.1 
Other current assets 58.5  44.5 
Accounts payable (1.2) — 
Other current liabilities (1.7) (2.0)
Hibbing Taconite Company [Member]  
Schedule of Equity Method Investments [Line Items]  
Equity Method Investments 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 September 30, 2020:
Mine Cleveland-Cliffs Inc. ArcelorMittal USA U.S. Steel
Hibbing 23.0% 62.3% 14.7%