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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

v3.4.0.3
Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 59.9 $ 285.2
Accounts receivable, net 41.9 40.2
Inventories 406.3 329.6
Supplies and other inventories 102.7 110.4
Short-term assets of discontinued operations 0.5 14.9
Loans to and accounts receivable from the Canadian Entities 69.9 72.9
Insurance coverage receivable 84.8 93.5
Other current assets 26.0 36.0
TOTAL CURRENT ASSETS 792.0 982.7
PROPERTY, PLANT AND EQUIPMENT, NET 1,009.6 1,059.0
OTHER ASSETS Ìý Ìý
Other non-current assets 84.7 93.8
TOTAL OTHER ASSETS 84.7 93.8
TOTAL ASSETS 1,886.3 2,135.5
CURRENT LIABILITIES Ìý Ìý
Accounts payable 77.2 106.3
Accrued expenses 111.1 156.0
Short-term liabilities of discontinued operations 4.3 6.9
Guarantees 23.6 96.5
Insured loss 84.8 93.5
Other current liabilities 138.8 122.5
TOTAL CURRENT LIABILITIES 439.8 581.7
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 213.8 221.0
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 214.3 231.2
LONG-TERM DEBT 2,499.1 2,699.4
OTHER LIABILITIES 216.0 213.8
TOTAL LIABILITIES $ 3,583.0 $ 3,947.1
COMMITMENTS AND CONTINGENCIES (SEE NOTE 20)
CLIFFS SHAREHOLDERS' DEFICIT Ìý Ìý
Preferred Stock - no par value, Class A - 3,000,000 shares authorized, 7 % Series A Mandatory Convertible, Class A, no par value and $1,000 per share liquidation preference, Issued and Outstanding - no shares (2015 - 731,223 shares), Class B - 4,000,000 shares authorized $ 0.0 $ 731.3
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2015 - 400,000,000 shares); Issued - 187,822,349 shares (2015 - 159,546,224 shares); Outstanding - 181,909,771 shares (2015 - 153,591,930 shares) 23.5 19.8
Capital in excess of par value of shares 3,032.5 2,298.9
Retained deficit (4,640.4) (4,748.4)
Cost of 5,912,578 common shares in treasury (2015 - 5,954,294 shares) (262.7) (265.0)
Accumulated other comprehensive loss (12.3) (18.0)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (1,859.4) (1,981.4)
NONCONTROLLING INTEREST 162.7 169.8
TOTAL DEFICIT (1,696.7) (1,811.6)
TOTAL LIABILITIES AND DEFICIT $ 1,886.3 $ 2,135.5