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Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.2
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [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 JuneÌý30, 2020:
Mine
Ìý
ÐÇ¿Õ´«Ã½ Inc.
Ìý
ArcelorMittal USA
Ìý
U.S. Steel
Hibbing
Ìý
23.0%
Ìý
62.3%
Ìý
14.7%