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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
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 108.2 $ 285.2
Accounts receivable, net 61.5 40.2
Inventories 391.2 329.6
Supplies and other inventories 102.0 110.4
Short-term assets of discontinued operations 0.0 14.9
Loans to and accounts receivable from the Canadian Entities 70.2 72.9
Insurance coverage receivable 0.8 93.5
Other current assets 45.3 36.0
TOTAL CURRENT ASSETS 779.2 982.7
PROPERTY, PLANT AND EQUIPMENT, NET 993.1 1,059.0
OTHER ASSETS Ìý Ìý
Other non-current assets 78.7 93.8
TOTAL OTHER ASSETS 78.7 93.8
TOTAL ASSETS 1,851.0 2,135.5
CURRENT LIABILITIES Ìý Ìý
Accounts payable 91.9 106.3
Accrued expenses 141.1 156.0
Short-term liabilities of discontinued operations 4.4 6.9
Guarantees 0.2 96.5
Insured loss 0.8 93.5
Other current liabilities 137.7 122.5
TOTAL CURRENT LIABILITIES 376.1 581.7
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 206.4 221.0
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 217.4 231.2
LONG-TERM DEBT 2,489.7 2,699.4
OTHER LIABILITIES 240.3 213.8
TOTAL LIABILITIES 3,529.9 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 - 189,622,349 shares (2015 - 159,546,224 shares); Outstanding - 183,864,626 shares (2015 - 153,591,930 shares) 23.7 19.8
Capital in excess of par value of shares 3,037.5 2,298.9
Retained deficit (4,627.4) (4,748.4)
Cost of 5,757,723 common shares in treasury (2015 - 5,954,294 shares) (255.5) (265.0)
Accumulated other comprehensive loss (9.0) (18.0)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (1,830.7) (1,981.4)
NONCONTROLLING INTEREST 151.8 169.8
TOTAL DEFICIT (1,678.9) (1,811.6)
TOTAL LIABILITIES AND DEFICIT $ 1,851.0 $ 2,135.5