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Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.8.0.1
RELATED PARTIES (Tables)
9 Months Ended
Sep. 30, 2017
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 SeptemberÌý30, 2017:
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
September 30,
Ìý
Nine Months Ended
September 30,
Ìý
2017
Ìý
2016
Ìý
2017
Ìý
2016
Product revenues from related parties
$
265.5

Ìý
$
223.4

Ìý
$
602.4

Ìý
$
568.4

Total product revenues
$
627.5

Ìý
$
508.6

Ìý
$
1,552.3

Ìý
$
1,237.0

Related party product revenue as a percent of total product revenue
42.3
%
Ìý
43.9
%
Ìý
38.8
%
Ìý
45.9
%
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 SeptemberÌý30, 2017 and DecemberÌý31, 2016:
Ìý
(In Millions)
Ìý
Balance Sheet
Location
Ìý
September 30, 2017
Ìý
December 31, 2016
Amounts due from related parties
Accounts receivable, net
Ìý
$
4.5

Ìý
$
46.9

Amounts due from related parties
Other current assets
Ìý
3.4

Ìý
—

Customer supply agreements and provisional pricing agreements
Derivative assets
Ìý
88.5

Ìý
26.8

Amounts due to related parties
Other current liabilities
Ìý
(45.3
)
Ìý
(8.7
)
Amounts due to related parties
Derivative liabilities
Ìý
(5.4
)
Ìý
—

Amounts due to related parties
Other liabilities
Ìý
(44.2
)
Ìý
—

Net amounts due from related parties
Ìý
Ìý
$
1.5

Ìý
$
65.0