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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

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Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 276.2 $ 271.3
Accounts receivable, net 49.2 122.7
Inventories 487.1 260.1
Supplies and other inventories 115.8 118.6
Income tax receivable 163.1 217.6
Short-term assets of discontinued operations 150.5 330.6
Other current assets 140.3 128.0
TOTAL CURRENT ASSETS 1,382.2 1,448.9
PROPERTY, PLANT AND EQUIPMENT, NET 1,077.2 1,070.5
OTHER ASSETS Ìý Ìý
Long-term assets of discontinued operations 0.0 400.1
Other Non-Current Assets 150.0 244.5
TOTAL OTHER ASSETS 150.0 644.6
TOTAL ASSETS 2,609.4 3,164.0
CURRENT LIABILITIES Ìý Ìý
Accounts payable 140.0 166.1
Accrued expenses 175.5 201.7
Short-term liabilities of discontinued operations 196.9 400.6
Other current liabilities 246.0 190.2
TOTAL CURRENT LIABILITIES 758.4 958.6
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 244.8 259.7
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 214.9 165.6
LONG-TERM DEBT 2,887.4 2,843.3
LONG-TERM LIABILITIES OF DISCONTINUED OPERATIONS 0.0 436.1
OTHER LIABILITIES 244.1 235.0
TOTAL LIABILITIES $ 4,349.6 $ 4,898.3
COMMITMENTS AND CONTINGENCIES (SEE NOTE 20) Ìý Ìý
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 - 731,223 shares (2014 - 731,223) $ 731.3 $ 731.3
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2014 - 400,000,000 shares); Issued - 159,546,224 shares (2014 - 159,546,224 shares); Outstanding - 153,404,804 shares (2014 - 153,246,754 shares) 19.8 19.8
Capital in excess of par value of shares 2,304.6 2,309.8
Retained deficit (4,673.1) (3,960.7)
Cost of 6,141,420 common shares in treasury (2014 - 6,299,470 shares) (277.5) (285.7)
Accumulated other comprehensive loss (28.9) (245.8)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (1,923.8) (1,431.3)
NONCONTROLLING INTEREST (DEFICIT) 183.6 (303.0)
TOTAL DEFICIT (1,740.2) (1,734.3)
TOTAL LIABILITIES AND DEFICIT $ 2,609.4 $ 3,164.0