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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
Mar. 31, 2018
Dec. 31, 2017
CURRENT ASSETS Ìý Ìý
Cash and cash equivalents $ 786.6 $ 1,007.7
Accounts receivable, net 47.2 140.6
Inventories 324.4 183.4
Supplies and other inventories 81.7 93.9
Derivative assets 93.6 39.4
Loans to and accounts receivable from the Canadian Entities 50.4 51.6
Other current assets 28.5 28.0
TOTAL CURRENT ASSETS 1,412.4 1,544.6
PROPERTY, PLANT AND EQUIPMENT, NET 1,047.3 1,051.0
OTHER ASSETS Ìý Ìý
Deposits for property, plant and equipment 74.1 17.8
Income tax receivable 219.9 235.3
Other non-current assets 109.2 104.7
TOTAL OTHER ASSETS 403.2 357.8
TOTAL ASSETS 2,862.9 2,953.4
CURRENT LIABILITIES Ìý Ìý
Accounts payable 99.5 127.7
Accrued expenses 94.4 107.1
Accrued interest 28.2 31.4
Contingent claims 54.3 55.6
Partnership distribution payable 44.2 44.2
Other current liabilities 104.3 86.2
TOTAL CURRENT LIABILITIES 424.9 452.2
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 251.4 257.7
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 181.2 196.5
LONG-TERM DEBT 2,308.2 2,304.2
OTHER LIABILITIES 182.0 186.9
TOTAL LIABILITIES 3,347.7 3,397.5
COMMITMENTS AND CONTINGENCIES (REFER TO NOTE 19)
CLIFFS SHAREHOLDERS' 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 - 297,733,061 shares (2017 - 297,400,968 shares) 37.7 37.7
Capital in excess of par value of shares 3,918.0 3,933.9
Retained deficit (4,257.6) (4,207.3)
Cost of 4,153,733 common shares in treasury (2017 - 4,485,826 shares) (151.8) (169.6)
Accumulated other comprehensive loss (31.3) (39.0)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (485.0) (444.3)
NONCONTROLLING INTEREST 0.2 0.2
TOTAL DEFICIT (484.8) (444.1)
TOTAL LIABILITIES AND DEFICIT $ 2,862.9 $ 2,953.4