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Annual report pursuant to Section 13 and 15(d)

Statements Of Condensed Consolidated Financial Position

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Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 823.2 $ 978.3
Accounts receivable, net 226.7 106.7
Inventories 87.9 138.4
Supplies and other inventories 93.2 88.8
Derivative assets 91.5 37.9
Income tax receivable, current 117.3 13.3
Loans to and accounts receivables from the Canadian Entities 0.0 51.6
Current assets of discontinued operations 12.4 118.5
Other current assets 27.4 11.1
TOTAL CURRENT ASSETS 1,479.6 1,544.6
PROPERTY, PLANT AND EQUIPMENT, NET 1,286.0 1,033.8
OTHER ASSETS Ìý Ìý
Deposits for property, plant and equipment 83.0 17.8
Income tax receivable, non-current 121.3 235.3
Deferred income taxes 464.8 0.0
Non-current assets of discontinued operations 0.0 20.3
Other non-current assets 94.9 101.6
TOTAL ASSETS 3,529.6 2,953.4
CURRENT LIABILITIES Ìý Ìý
Accounts payable 186.8 99.5
Accrued employment costs 74.0 52.7
State and local taxes payable 35.5 30.2
Accrued interest 38.4 31.4
Contingent claims 0.0 55.6
Partnership distribution payable 43.5 44.2
Current liabilities of discontinued operations 6.7 75.0
Other current liabilities 83.3 63.6
TOTAL CURRENT LIABILITIES 468.2 452.2
POSTEMPLOYMENT BENEFIT LIABILITIES Ìý Ìý
Pensions 218.4 222.8
Other postretirement benefits 30.3 34.9
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES 248.7 257.7
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 172.0 167.7
LONG-TERM DEBT 2,092.9 2,304.2
NON-CURRENT LIABILITIES OF DISCONTINUED OPERATIONS 8.3 52.2
OTHER LIABILITIES 115.3 163.5
TOTAL LIABILITIES 3,105.4 3,397.5
COMMITMENTS AND CONTINGENCIES (SEE NOTE 19)
CLIFFS SHAREHOLDERS' EQUITY (DEFICIT) Ìý Ìý
Common Shares - par value $0.125 per share, Authorized - 600,000,000 shares (2017 - 600,000,000 shares); Issued - 301,886,794 shares (2017 - 301,886,794) shares); Outstanding - 292,611,569 shares (2017 - 297,400,968) shares) 37.7 37.7
Capital in excess of par value of shares 3,916.7 3,933.9
Retained deficit (3,060.2) (4,207.3)
Cost of 9,275,225 common shares in treasury (2017 - 4,485,826 shares) (186.1) (169.6)
Accumulated other comprehensive loss (283.9) (39.0)
TOTAL CLIFFS SHAREHOLDERS' EQUITY (DEFICIT) 424.2 (444.3)
NONCONTROLLING INTEREST 0.0 0.2
TOTAL EQUITY (DEFICIT) 424.2 (444.1)
TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 3,529.6 $ 2,953.4