ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.19.2
RELATED PARTIES (Tables)
6 Months Ended
Jun. 30, 2019
Related Party Transactions [Abstract] Ìý
Summary Of Other Ownership Interests The following is a summary of the mine ownership of the co-owned iron ore mine at JuneÌý30, 2019:
Mine
Ìý
ÐÇ¿Õ´«Ã½ Inc.
Ìý
ArcelorMittal
Ìý
U.S. Steel
Hibbing
Ìý
23.0
%
Ìý
62.3
%
Ìý
14.7
%

Summary Of Related Party Transactions Table Disclosure
Product revenues from related parties were as follows:
Ìý
(In Millions)
Ìý
Three Months Ended
June 30,
Ìý
Six Months Ended
June 30,
Ìý
2019
Ìý
2018
Ìý
2019
Ìý
2018
Product revenues from related parties
$
415.8

Ìý
$
409.4

Ìý
$
456.9

Ìý
$
471.1

Total product revenues
$
697.4

Ìý
$
672.0

Ìý
$
842.8

Ìý
$
841.2

Related party product revenue as a percent of total product revenue
59.6
%
Ìý
60.9
%
Ìý
54.2
%
Ìý
56.0
%

Summary of Balance Sheet Presentation
The following table presents the classification of related party assets and liabilities in the Statements of Unaudited Condensed Consolidated Financial Position:
Ìý
Ìý
(In Millions)
Balance Sheet Location
Ìý
June 30, 2019
Ìý
December 31, 2018
Accounts receivable, net
Ìý
$
139.3

Ìý
$
176.0

Derivative assets
Ìý
116.2

Ìý
89.3

Partnership distribution payable
Ìý
(44.1
)
Ìý
(43.5
)
Other current liabilities
Ìý
(2.7
)
Ìý
(1.8
)
Ìý
Ìý
$
208.7

Ìý
$
220.0