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Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.7.0.1
RELATED PARTIES (Tables)
6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract] Ìý
Summary Of Other Ownership Interests
The following is a summary of the mine ownership of these iron ore mines at JuneÌý30, 2017:
Mine
Ìý
Cliffs Natural Resources
Ìý
ArcelorMittal
Ìý
U.S. Steel Corporation
Empire
Ìý
79.0
%
Ìý
21.0
%
Ìý
—

Tilden
Ìý
85.0
%
Ìý
—

Ìý
15.0
%
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
2017
Ìý
2016
Ìý
2017
Ìý
2016
Product revenues from related parties
$
227.5

Ìý
$
241.6

Ìý
$
336.9

Ìý
$
345.0

Total product revenues
512.0

Ìý
452.8

Ìý
924.8

Ìý
728.4

Related party product revenue as a percent of total product revenue
44.4
%
Ìý
53.4
%
Ìý
36.4
%
Ìý
47.4
%
Summary of Balance Sheet Presentation [Table Text Block]
The following table presents the classification of related party assets and liabilities in the Statements of Unaudited Condensed Consolidated Financial Position as of JuneÌý30, 2017 and DecemberÌý31, 2016:
Ìý
(In Millions)
Ìý
Balance Sheet
Location
Ìý
June 30, 2017
Ìý
December 31, 2016
Amounts due from related parties
Accounts receivable, net
Ìý
$
18.8

Ìý
$
46.9

Customer supply agreements and provisional pricing agreements
Other current assets
Ìý
68.0

Ìý
26.8

Amounts due to related parties
Other current liabilities
Ìý
15.9

Ìý
8.7