AG真人平台AG真人试玩

Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTIES (Tables)

v3.20.2
RELATED PARTIES (Tables)
6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]
Equity Method Investments Investees and equity ownership percentages are presented below:
Investee
Segment Reported Within
Equity Ownership Percentage
Combined Metals of Chicago, LLC
AG真人平台AG真人试玩 and Manufacturing
40.0%
Hibbing Taconite Company
Mining and Pelletizing
23.0%
Spartan AG真人平台AG真人试玩 Coating, LLC
AG真人平台AG真人试玩 and Manufacturing
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 June听30, 2020:
Mine
Cleveland-Cliffs Inc.
ArcelorMittal USA
U.S. AG真人平台AG真人试玩
Hibbing
23.0%
62.3%
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:
(In Millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2020
2019
2020
2019
Revenue from related parties
$
281.8

$
452.4

$
292.6

$
499.3

Revenues1
$
1,092.7

$
743.2

$
1,451.8

$
900.2

Related party revenues as a percent of Revenues1
25.8
%
60.9
%
20.2
%
55.5
%
Purchases from related parties
$
9.7

$
鈥�

$
12.2

$
鈥�


1 Includes Realization of deferred revenue of $34.6 million for the six months ended June听30, 2020.
The following table presents the classification of related party assets and liabilities in the Statements of Unaudited Condensed Consolidated Financial Position:
(In Millions)
Balance Sheet Location
June听30,
2020
December听31,
2019
Accounts receivable, net
$
91.6

$
31.1

Other current assets
35.3

44.5

Accounts payable
(2.4
)
鈥�

Other current liabilities
(2.0
)
(2.0
)