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Annual report pursuant to Section 13 and 15(d)

Statements Of Condensed Consolidated Financial Position

v3.8.0.1
Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 1,007.7 $ 323.4
Accounts receivable, net 140.6 128.7
Inventories 183.4 178.4
Supplies and other inventories 93.9 91.4
Derivative assets 39.4 33.1
Loans to and accounts receivables from the Canadian Entities 51.6 48.6
Other current assets 28.0 21.0
TOTAL CURRENT ASSETS 1,544.6 824.6
PROPERTY, PLANT AND EQUIPMENT, NET 1,051.0 984.4
OTHER ASSETS Ìý Ìý
INCOME TAX RECEIVABLE 235.3 0.0
Other non-current assets 122.5 114.9
TOTAL ASSETS 2,953.4 1,923.9
CURRENT LIABILITIES Ìý Ìý
Accounts payable 127.7 107.6
Accrued employment costs 56.1 56.1
State and local taxes payable 30.2 28.3
Accrued expenses 33.7 41.1
Accrued interest 31.4 40.2
Accrued royalties 17.3 26.2
Contingent claims 55.6 0.0
Partnership distribution payable 44.2 8.7
Other current liabilities 56.0 82.9
TOTAL CURRENT LIABILITIES 452.2 391.1
POSTEMPLOYMENT BENEFIT LIABILITIES Ìý Ìý
Pensions 222.8 245.7
Other postretirement benefits 34.9 34.8
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES 257.7 280.5
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 196.5 193.9
LONG-TERM DEBT 2,304.2 2,175.1
OTHER LIABILITIES 186.9 213.8
TOTAL LIABILITIES 3,397.5 3,254.4
COMMITMENTS AND CONTINGENCIES (SEE NOTE 20)
CLIFFS SHAREHOLDERS' DEFICIT Ìý Ìý
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2016 - 400,000,000 shares); Issued - 238,636,794 shares (2016 - 238,636,794) shares); Outstanding - 233,074,091 shares (2016 - 233,074,091) shares) 37.7 29.8
Capital in excess of par value of shares 3,933.9 3,347.0
Retained deficit (4,207.3) (4,574.3)
Cost of 4,485,826 common shares in treasury (2016 - 5,562,703 shares) (169.6) (245.5)
Accumulated other comprehensive loss (39.0) (21.3)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (444.3) (1,464.3)
NONCONTROLLING INTEREST 0.2 133.8
TOTAL DEFICIT (444.1) (1,330.5)
TOTAL LIABILITIES AND DEFICIT $ 2,953.4 $ 1,923.9