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Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

v3.10.0.1
DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] Ìý
Schedule of Disposal Groups, Including Discontinued Operations
Ìý
Ìý
(In Millions)
Ìý
Ìý
Three Months Ended September 30,
Ìý
Nine Months Ended
September 30,
Ìý
Ìý
2018
Ìý
2017
Ìý
2018
Ìý
2017
Income (Loss) from Discontinued Operations, net of tax
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
$
242.3

Ìý
$
(1.8
)
Ìý
$
117.6

Ìý
$
39.2

North American Coal
Ìý
(4.3
)
Ìý
(0.7
)
Ìý
(4.2
)
Ìý
1.9

Canadian Operations
Ìý
—

Ìý
33.1

Ìý
(10.6
)
Ìý
(15.5
)
Ìý
Ìý
$
238.0

Ìý
$
30.6

Ìý
$
102.8

Ìý
$
25.6

Ìý
Ìý
(In Millions)
Ìý
Ìý
September 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
$
16.1

Ìý
$
—

Ìý
$
16.1

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
$
7.2

Ìý
$
7.0

Ìý
$
14.2

Ìý
$
71.8

Ìý
$
3.2

Ìý
$
75.0

Non-current liabilities of discontinued operations
Ìý
$
9.3

Ìý
$
—

Ìý
$
9.3

Ìý
$
52.2

Ìý
$
—

Ìý
$
52.2

Ìý
Ìý
(In Millions)
Ìý
Ìý
Nine Months Ended
September 30,
Ìý
Ìý
2018
Ìý
2017
Net cash provided (used) by operating activities
Ìý
Ìý
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
$
(77.0
)
Ìý
$
78.5

Canadian Operations
Ìý
(14.6
)
Ìý
—

Ìý
Ìý
$
(91.6
)
Ìý
$
78.5

Ìý
Ìý
Ìý
Ìý
Ìý
Net cash provided (used) by investing activities
Ìý
Ìý
Ìý
Ìý
Asia Pacific Iron Ore
Ìý
$
17.8

Ìý
$
(1.5
)
Ìý
Ìý
$
17.8

Ìý
$
(1.5
)
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 presented, as well as exit costs, are classified as discontinued operations.
Ìý
Ìý
(In Millions)
Ìý
Ìý
Three Months Ended September 30,
Ìý
Nine Months Ended
September 30,
Income (Loss) from Discontinued Operations
Ìý
2018
Ìý
2017
Ìý
2018
Ìý
2017
Revenues from product sales and services
Ìý
$
—

Ìý
$
101.7

Ìý
$
129.1

Ìý
$
375.1

Cost of goods sold and operating expenses
Ìý
(0.5
)
Ìý
(98.7
)
Ìý
(230.7
)
Ìý
(323.9
)
Sales margin
Ìý
(0.5
)
Ìý
3.0

Ìý
(101.6
)
Ìý
51.2

Other operating income (expense)
Ìý
14.8

Ìý
(3.9
)
Ìý
(4.0
)
Ìý
(7.6
)
Other expense
Ìý
(0.1
)
Ìý
(1.3
)
Ìý
(2.3
)
Ìý
(4.0
)
Income (loss) from discontinued operations before income taxes
Ìý
14.2

Ìý
(2.2
)
Ìý
(107.9
)
Ìý
39.6

Gain on foreign currency translation
Ìý
228.1

Ìý
—

Ìý
228.1

Ìý
—

Impairment of long-lived assets
Ìý
—

Ìý
—

Ìý
(2.6
)
Ìý
—

Income tax benefit (expense)
Ìý
—

Ìý
0.4

Ìý
—

Ìý
(0.4
)
Income (loss) from discontinued operations, net of tax
Ìý
$
242.3

Ìý
$
(1.8
)
Ìý
$
117.6

Ìý
$
39.2

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
September 30,
2018
Ìý
December 31,
2017
Cash and cash equivalents
Ìý
$
15.6

Ìý
$
29.4

Accounts receivable, net
Ìý
—

Ìý
33.9

Inventories
Ìý
—

Ìý
45.0

Supplies and other inventories
Ìý
—

Ìý
5.1

Other current assets
Ìý
0.5

Ìý
5.1

Total current assets of discontinued operations
Ìý
16.1

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
$
16.1

Ìý
$
138.8

Ìý
Ìý
Ìý
Ìý
Ìý
Accounts payable
Ìý
$
4.2

Ìý
$
28.2

Accrued liabilities
Ìý
3.0

Ìý
28.0

Other current liabilities
Ìý
—

Ìý
15.6

Total current liabilities of discontinued operations
Ìý
7.2

Ìý
71.8

Environmental and mine closure obligations
Ìý
—

Ìý
28.8

Other liabilities
Ìý
9.3

Ìý
23.4

Total liabilities of discontinued operations
Ìý
$
16.5

Ìý
$
124.0