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Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.10.0.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] Ìý
Disposal Groups, Including Discontinued Operations
The charts below provide an asset group breakout for each financial statement line impacted by discontinued operations.
Ìý
Ìý
(In Millions)
Ìý
Ìý
Three Months Ended June 30,
Ìý
Six Months Ended
June 30,
Ìý
Ìý
2018
Ìý
2017
Ìý
2018
Ìý
2017
Loss from Discontinued Operations, net of tax
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
$
(53.3
)
Ìý
$
(7.3
)
Ìý
$
(124.7
)
Ìý
$
41.0

North American Coal
Ìý
(0.3
)
Ìý
2.6

Ìý
0.1

Ìý
2.6

Canadian Operations
Ìý
(10.7
)
Ìý
(49.0
)
Ìý
(10.6
)
Ìý
(48.6
)
Ìý
Ìý
$
(64.3
)
Ìý
$
(53.7
)
Ìý
$
(135.2
)
Ìý
$
(5.0
)
Ìý
Ìý
(In Millions)
Ìý
Ìý
June 30,
2018
Ìý
December 31,
2017
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
North American Coal
Ìý
Total
Ìý
Asia Pacific Iron Ore
Ìý
North American Coal
Ìý
Total
Current assets of discontinued operations
Ìý
$
45.3

Ìý
$
—

Ìý
$
45.3

Ìý
$
118.5

Ìý
$
—

Ìý
$
118.5

Non-current assets of discontinued operations
Ìý
$
—

Ìý
$
—

Ìý
$
—

Ìý
$
20.3

Ìý
$
—

Ìý
$
20.3

Current liabilities of discontinued operations
Ìý
$
114.4

Ìý
$
2.9

Ìý
$
117.3

Ìý
$
71.8

Ìý
$
3.2

Ìý
$
75.0

Non-current liabilities of discontinued operations
Ìý
$
10.3

Ìý
$
—

Ìý
$
10.3

Ìý
$
52.2

Ìý
$
—

Ìý
$
52.2

Ìý
Ìý
(In Millions)
Ìý
Ìý
Six Months Ended
June 30,
Ìý
Ìý
2018
Ìý
2017
Net cash provided (used) by operating activities
Ìý
Ìý
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
$
(31.7
)
Ìý
$
92.2

Canadian Operations
Ìý
(14.6
)
Ìý
—

Ìý
Ìý
$
(46.3
)
Ìý
$
92.2

Ìý
Ìý
Ìý
Ìý
Ìý
Net cash provided (used) by investing activities
Ìý
Ìý
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
$
14.1

Ìý
$
(0.8
)
Ìý
Ìý
$
14.1

Ìý
$
(0.8
)
Schedule of Disposal Groups, including Discontinued Operations, Income Statement
For the reasons discussed above, our previously reported Asia Pacific Iron Ore operating segment results for all periods prior to June 30, 2018, as well as exit costs, are classified as discontinued operations.
Ìý
Ìý
(In Millions)
Ìý
Ìý
Three Months Ended June 30,
Ìý
Six Months Ended
June 30,
Loss from Discontinued Operations
Ìý
2018
Ìý
2017
Ìý
2018
Ìý
2017
Revenues from product sales and services
Ìý
$
70.1

Ìý
$
98.0

Ìý
$
129.1

Ìý
$
273.4

Cost of goods sold and operating expenses
Ìý
(106.1
)
Ìý
(97.1
)
Ìý
(230.2
)
Ìý
(225.2
)
Sales margin
Ìý
(36.0
)
Ìý
0.9

Ìý
(101.1
)
Ìý
48.2

Other operating expense
Ìý
(16.2
)
Ìý
(3.2
)
Ìý
(18.8
)
Ìý
(3.7
)
Other expense
Ìý
(1.1
)
Ìý
(1.3
)
Ìý
(2.2
)
Ìý
(2.7
)
Loss from discontinued operations before income taxes
Ìý
(53.3
)
Ìý
(3.6
)
Ìý
(122.1
)
Ìý
41.8

Impairment of long-lived assets
Ìý
—

Ìý
—

Ìý
(2.6
)
Ìý
—

Income tax expense
Ìý
—

Ìý
(3.7
)
Ìý
—

Ìý
(0.8
)
Loss from discontinued operations, net of tax
Ìý
$
(53.3
)
Ìý
$
(7.3
)
Ìý
$
(124.7
)
Ìý
$
41.0

Schedule of Disposal Groups, Including Discontinued Operations, Assets and Liabilities
Recorded Assets and Liabilities
Ìý
Ìý
(In Millions)
Assets and Liabilities of Discontinued Operations
Ìý
June 30,
2018
Ìý
December 31,
2017
Cash and cash equivalents
Ìý
$
29.4

Ìý
$
29.4

Accounts receivable, net
Ìý
12.5

Ìý
33.9

Inventories
Ìý
—

Ìý
45.0

Supplies and other inventories
Ìý
—

Ìý
5.1

Other current assets
Ìý
3.4

Ìý
5.1

Total current assets of discontinued operations
Ìý
45.3

Ìý
118.5

Property, plant and equipment, net
Ìý
—

Ìý
17.2

Other non-current assets
Ìý
—

Ìý
3.1

Total assets of discontinued operations
Ìý
$
45.3

Ìý
$
138.8

Ìý
Ìý
Ìý
Ìý
Ìý
Accounts payable
Ìý
$
74.3

Ìý
$
28.2

Accrued liabilities
Ìý
21.1

Ìý
28.0

Other current liabilities
Ìý
19.0

Ìý
15.6

Total current liabilities of discontinued operations
Ìý
114.4

Ìý
71.8

Environmental and mine closure obligations
Ìý
10.3

Ìý
28.8

Other liabilities
Ìý
—

Ìý
23.4

Total liabilities of discontinued operations
Ìý
$
124.7

Ìý
$
124.0