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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

v3.5.0.2
Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 132.2 $ 285.2
Accounts receivable, net 49.2 40.2
Inventories 317.3 329.6
Supplies and other inventories 84.0 110.4
Short-term assets of discontinued operations 0.0 14.9
Loans to and accounts receivable from the Canadian Entities 69.3 72.9
Insurance coverage receivable 0.0 93.5
Other current assets 47.6 36.0
TOTAL CURRENT ASSETS 699.6 982.7
PROPERTY, PLANT AND EQUIPMENT, NET 990.1 1,059.0
OTHER ASSETS Ìý Ìý
Other non-current assets 83.2 93.8
TOTAL OTHER ASSETS 83.2 93.8
TOTAL ASSETS 1,772.9 2,135.5
CURRENT LIABILITIES Ìý Ìý
Accounts payable 81.3 106.3
Accrued expenses 134.2 156.0
Short-term liabilities of discontinued operations 5.5 6.9
Guarantees 0.2 96.5
Insured loss 0.0 93.5
Other current liabilities 102.3 122.5
TOTAL CURRENT LIABILITIES 323.5 581.7
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 198.5 221.0
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 220.2 231.2
LONG-TERM DEBT 2,195.9 2,699.4
OTHER LIABILITIES 235.3 213.8
TOTAL LIABILITIES 3,173.4 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 - 236,346,794 shares (2015 - 159,546,224 shares); Outstanding - 203,594,581 shares (2015 - 153,591,930 shares) 29.5 19.8
Capital in excess of par value of shares 3,336.0 2,298.9
Retained deficit (4,653.4) (4,748.4)
Cost of 5,752,213 common shares in treasury (2015 - 5,954,294 shares) (255.2) (265.0)
Accumulated other comprehensive loss (1.2) (18.0)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (1,544.3) (1,981.4)
NONCONTROLLING INTEREST 143.8 169.8
TOTAL DEFICIT (1,400.5) (1,811.6)
TOTAL LIABILITIES AND DEFICIT $ 1,772.9 $ 2,135.5