Annual report pursuant to Section 13 and 15(d)

Statements Of Condensed Consolidated Financial Position

v3.6.0.2
Statements Of Condensed Consolidated Financial Position - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 323.4 $ 285.2
Accounts receivable, net 128.7 40.2
Inventories 178.4 329.6
Supplies and other inventories 91.4 110.4
Loans to and accounts receivables from the Canadian Entities 48.6 72.9
Insurance coverage receivable 0.0 93.5
Other current assets 54.1 50.9
TOTAL CURRENT ASSETS 824.6 982.7
PROPERTY, PLANT AND EQUIPMENT, NET 984.4 1,059.0
OTHER ASSETS    
OTHER NON-CURRENT ASSETS 114.9 93.8
TOTAL ASSETS 1,923.9 2,135.5
CURRENT LIABILITIES    
Accounts payable 107.6 106.3
Accrued employment costs 56.1 53.0
State and local taxes payable 28.3 35.2
Accrued expenses 41.1 32.4
Accrued interest 40.2 53.3
Accrued royalties 26.2 17.3
Guarantees 0.2 96.5
Insured loss 0.0 93.5
Other current liabilities 91.4 94.2
TOTAL CURRENT LIABILITIES 391.1 581.7
POSTEMPLOYMENT BENEFIT LIABILITIES    
Pensions 245.7 209.7
Other postretirement benefits 34.8 11.3
TOTAL POSTEMPLOYMENT BENEFIT LIABILITIES 280.5 221.0
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 193.9 231.2
LONG-TERM DEBT 2,175.1 2,699.4
OTHER LIABILITIES 213.8 213.8
TOTAL LIABILITIES 3,254.4 3,947.1
COMMITMENTS AND CONTINGENCIES (SEE NOTE 20)
CLIFFS SHAREHOLDERS' DEFICIT    
Preferred Stock - no par value, Class A - 3,000,000 shares authorized, 7 % Series A Mandatory Convertible, Class A, no par value and $1,000 per share liquidation preference (See Note 15), Issued and Outstanding - none issued (2015 - 731,223) 0.0 731.3
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2015 - 400,000,000 shares); Issued - 238,636,794 shares (2015 - 159,546,224) shares); Outstanding - 233,074,091 shares (2015 - 153,591,930) shares) 29.8 19.8
Capital in excess of par value of shares 3,347.0 2,298.9
Retained deficit (4,574.3) (4,748.4)
Cost of 5,562,703 common shares in treasury (2015 - 5,954,294 shares) (245.5) (265.0)
Accumulated other comprehensive loss (21.3) (18.0)
TOTAL CLIFFS SHAREHOLDERS' DEFICIT (1,464.3) (1,981.4)
NONCONTROLLING INTEREST (DEFICIT) 133.8 169.8
TOTAL DEFICIT (1,330.5) (1,811.6)
TOTAL LIABILITIES AND DEFICIT $ 1,923.9 $ 2,135.5