ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.20.1
RELATED PARTIES (Tables)
3 Months Ended
Mar. 31, 2020
Related Party Transactions [Abstract] Ìý
Equity Method Investments Investees and equity ownership percentages are presented below:
Investee
Ìý
Segment Reported Within
Ìý
Equity Ownership Percentage
Combined Metals of Chicago, LLC
Ìý
Steel and Manufacturing
Ìý
40.0%
Hibbing Taconite Company
Ìý
Mining and Pelletizing
Ìý
23.0%
Spartan Steel Coating, LLC
Ìý
Steel and Manufacturing
Ìý
48.0%

Hibbing is a co-owned joint venture with companies that are integrated steel producers or their subsidiaries. The following is a summary of the mine ownership of the co-owned iron ore mine at MarchÌý31, 2020:
Mine
Ìý
ÐÇ¿Õ´«Ã½ Inc.
Ìý
ArcelorMittal USA
Ìý
U.S. Steel
Hibbing
Ìý
23.0%
Ìý
62.3%
Ìý
14.7%

Summary Of Related Party Transactions Table Disclosure
The tables below summarize our material related party transactions:
Revenues from related parties were as follows:
Ìý
Ìý
(In Millions)
Ìý
Ìý
Three Months Ended
March 31,
Ìý
Ìý
2020
Ìý
2019
Revenue from related parties
Ìý
$
10.8

Ìý
$
46.9

Revenues1
Ìý
$
359.1

Ìý
$
157.0

Related party revenues as a percent of Revenues1
Ìý
3.0
%
Ìý
29.9
%
Purchases from related parties
Ìý
$
2.5

Ìý
$
—


1 Includes Realization of deferred revenue of $34.6 million for the three months ended March 31, 2020.
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
MarchÌý31,
2020
Ìý
DecemberÌý31,
2019
Accounts receivable, net
Ìý
$
18.7

Ìý
$
31.1

Other current assets
Ìý
$
19.0

Ìý
$
44.5

Accounts payable
Ìý
$
(5.3
)
Ìý
$
—

Other current liabilities
Ìý
$
(0.3
)
Ìý
$
(2.0
)

[1]
[1]
1 Includes Realization of deferred revenue of $34.6 million for the three months ended March 31, 2020.