ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.19.3
RELATED PARTIES (Tables)
9 Months Ended
Sep. 30, 2019
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, 2019:
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
2019
Ìý
2018
Ìý
2019
Ìý
2018
Product revenues from related parties
$
262.0

Ìý
$
392.4

Ìý
$
718.9

Ìý
$
863.8

Total product revenues
$
515.0

Ìý
$
684.7

Ìý
$
1,357.8

Ìý
$
1,525.9

Related party product revenue as a percent of total product revenue
50.9
%
Ìý
57.3
%
Ìý
52.9
%
Ìý
56.6
%

Summary of Balance Sheet Presentation
The following table presents the classification of related party assets and liabilities in the Statements of Unaudited Condensed Consolidated Financial Position:
Ìý
Ìý
(In Millions)
Balance Sheet Location
Ìý
September 30, 2019
Ìý
December 31, 2018
Accounts receivable, net
Ìý
$
108.7

Ìý
$
176.0

Derivative assets
Ìý
71.2

Ìý
89.3

Other current assets
Ìý
0.2

Ìý
—

Derivative liabilities
Ìý
(26.1
)
Ìý
—

Partnership distribution payable
Ìý
—

Ìý
(43.5
)
Other current liabilities
Ìý
(1.4
)
Ìý
(1.8
)
Ìý
Ìý
$
152.6

Ìý
$
220.0