星空传媒 Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INVENTORIES

INVENTORIES

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

听

Inventories

NOTE 3 - INVENTORIES

The following table presents the detail of our Inventories in the Statements of Consolidated Financial Position as of December听31, 2015 and 2014:



听	(In Millions)
听	December 31, 2015								听	December 31, 2014
Segment	Finished Goods		听	Work-in Process		听	Total Inventory		听	Finished Goods		听	Work-in Process		听	Total Inventory
U.S. Iron Ore	$	252.3	听	$	11.7	听	$	264.0	听	$	132.1	听	$	13.5	听	$	145.6
Asia Pacific Iron Ore	20.8		听	44.8		听	65.6		听	26.4		听	88.1		听	114.5
Total	$	273.1	听	$	56.5	听	$	329.6	听	$	158.5	听	$	101.6	听	$	260.1

Asia Pacific Iron Ore had long-term work-in-process stockpiles of $6.8 million classified as Other non-current assets in the Statements of Consolidated Financial Position at December听31, 2015. There were no long-term work-in-process stockpiles as of December听31, 2014.

U.S. Iron Ore

The excess of current cost over LIFO cost of iron ore inventories was $87.8 million and $119.0 million at December听31, 2015 and 2014, respectively. As of December听31, 2015, the product inventory balance for U.S. Iron Ore increased, resulting in a LIFO increment in 2015. The effect of the inventory build was an increase in Inventories of $118.8 million in the Statements of Consolidated Financial Position for the year ended December听31, 2015. As of December听31, 2014, the product inventory balance for U.S. Iron Ore increased, resulting in a LIFO increment in 2014. The effect of the inventory build was an increase in Inventories of $44.8 million in the Statements of Consolidated Financial Position for the year ended December听31, 2014.