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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information, By Segment | The following tables present a summary of our reportable segments for the years ended December 31, 2015, 2014 and 2013, including a reconciliation of segment sales margin to Income (Loss) from Continuing Operations Before Income Taxes and Equity Loss from Ventures and a reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA:
| (In Millions)
| 2015 |  | 2014 |  | 2013
Revenues from product sales and services: |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 1,525.4 |  |  | 76% |  | $ | 2,506.5 |  |  | 74% |  | $ | 2,667.9 |  |  | 69%
Asia Pacific Iron Ore | 487.9 |  |  | 24% |  | 866.7 |  |  | 26% |  | 1,224.3 |  |  | 31%
Other (including inter-segment revenue eliminations) | — |  |  | —% |  | — |  |  | —% |  | (1.4 | ) |  | —%
Total revenues from product sales and services | $ | 2,013.3 |  |  | 100% |  | $ | 3,373.2 |  |  | 100% |  | $ | 3,890.8 |  |  | 100%
Sales margin: |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 227.1 |  |  |  |  | $ | 710.4 |  |  |  |  | $ | 901.9 |  |  |
Asia Pacific Iron Ore | 9.4 |  |  |  |  | 121.7 |  |  |  |  | 367.1 |  |  |
Eliminations with discontinued operations | — |  |  |  |  | 53.6 |  |  |  |  | 217.3 |  |  |
Other (including inter-segment sales margin eliminations) | — |  |  |  |  | — |  |  |  |  | (1.9 | ) |  |
Sales margin | 236.5 |  |  |  |  | 885.7 |  |  |  |  | 1,484.4 |  |  |
Other operating income (expense) | (85.2 | ) |  |  |  | (755.6 | ) |  |  |  | (104.1 | ) |  |
Other income (expense) | 161.8 |  |  |  |  | (149.8 | ) |  |  |  | (189.4 | ) |  |
Income (Loss) from Continuing Operations Before Income Taxes and Equity Loss from Ventures | $ | 313.1 |  |  |  |  | $ | (19.7 | ) |  |  |  | $ | 1,190.9 |  |  |
| (In Millions)
| 2015 |  | 2014 |  | 2013
Net Income (Loss) | $ | (748.4 | ) |  | $ | (8,311.6 | ) |  | $ | 361.8 |
Less: |  |  |  |  |
Interest expense, net | (231.4 | ) |  | (185.2 | ) |  | (179.1 | )
Income tax benefit (expense) | (163.3 | ) |  | 1,302.0 |  |  | (55.1 | )
Depreciation, depletion and amortization | (134.0 | ) |  | (504.0 | ) |  | (593.3 | )
EBITDA | $ | (219.7 | ) |  | $ | (8,924.4 | ) |  | $ | 1,189.3 |
Less: |  |  |  |  |
Impairment of goodwill and other long-lived assets | $ | (3.3 | ) |  | $ | (635.5 | ) |  | $ | (14.3 | )
Impact of discontinued operations | (892.0 | ) |  | (9,332.5 | ) |  | (398.4 | )
Gain on extinguishment of debt | 392.9 |  |  | 16.2 |  |  | — |
Severance and contractor termination costs | (10.2 | ) |  | (23.3 | ) |  | (16.6 | )
Foreign exchange remeasurement | 16.3 |  |  | 29.0 |  |  | 53.2 |
Proxy contest and change in control in SG&A | — |  |  | (26.6 | ) |  | — |
Supplies inventory write-off | (16.3 | ) |  | — |  |  | — |
Total Adjusted EBITDA | $ | 292.9 |  |  | $ | 1,048.3 |  |  | $ | 1,565.4 |
EBITDA: |  |  |  |  |
U.S. Iron Ore | $ | 317.6 |  |  | $ | 805.6 |  |  | $ | 1,000.1 |
Asia Pacific Iron Ore | 35.3 |  |  | (352.9 | ) |  | 543.0 |
Other (including discontinued operations) | (572.6 | ) |  | (9,377.1 | ) |  | (353.8 | )
Total EBITDA | $ | (219.7 | ) |  | $ | (8,924.4 | ) |  | $ | 1,189.3 |
Adjusted EBITDA: |  |  |  |  |
U.S. Iron Ore | $ | 352.1 |  |  | $ | 833.5 |  |  | $ | 1,031.8 |
Asia Pacific Iron Ore | 32.7 |  |  | 252.9 |  |  | 513.1 |
Other | (91.9 | ) |  | (38.1 | ) |  | 20.5 |
Total Adjusted EBITDA | $ | 292.9 |  |  | $ | 1,048.3 |  |  | $ | 1,565.4 |
| (In Millions)
| 2015 |  | 2014 |  | 2013
Depreciation, depletion and amortization: |  |  |  |  |
U.S. Iron Ore | $ | 98.9 |  |  | $ | 107.4 |  |  | $ | 120.3 |
Asia Pacific Iron Ore | 25.3 |  |  | 145.9 |  |  | 153.7 |
Other | 6.6 |  |  | 7.7 |  |  | 10.8 |
Total depreciation, depletion and amortization | $ | 130.8 |  |  | $ | 261.0 |  |  | $ | 284.8 |
Capital additions (1): |  |  |  |  |
U.S. Iron Ore | $ | 58.2 |  |  | $ | 48.4 |  |  | $ | 53.3 |
Asia Pacific Iron Ore | 5.4 |  |  | 10.8 |  |  | 13.0 |
Other | 8.6 |  |  | 6.3 |  |  | 4.5 |
Total capital additions | $ | 72.2 |  |  | $ | 65.5 |  |  | $ | 70.8 |
(1) Includes capital lease additions and non-cash accruals. Refer to NOTE 17 - CASH FLOW INFORMATION.
Summary of Assets by Segment | A summary of assets by segment is as follows:
| (In Millions)
| December 31, 2015 |  | December 31, 2014 |  | December 31, 2013
Assets: |  |  |  |  |
U.S. Iron Ore | $ | 1,476.4 |  |  | $ | 1,464.9 |  |  | $ | 1,537.9 |
Asia Pacific Iron Ore | 202.5 |  |  | 306.2 |  |  | 1,176.8 |
Total segment assets | 1,678.9 |  |  | 1,771.1 |  |  | 2,714.7 |
Corporate | 441.7 |  |  | 666.2 |  |  | 204.2 |
Assets of Discontinued Operations | 14.9 |  |  | 709.9 |  |  | 10,184.0 |
Total assets | $ | 2,135.5 |  |  | $ | 3,147.2 |  |  | $ | 13,102.9 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | Included in the consolidated financial statements are the following amounts relating to geographic location:
| (In Millions)
| 2015 |  | 2014 |  | 2013
Revenue |  |  |  |  |
United States | $ | 1,206.4 |  |  | $ | 1,923.2 |  |  | $ | 1,543.9 |
China | 370.8 |  |  | 662.7 |  |  | 1,165.3 |
Canada | 282.4 |  |  | 430.5 |  |  | 758.5 |
Other countries | 153.7 |  |  | 356.8 |  |  | 423.1 |
Total revenue | $ | 2,013.3 |  |  | $ | 3,373.2 |  |  | $ | 3,890.8 |
Property, Plant and Equipment, Net |  |  |  |  |
United States | $ | 1,012.7 |  |  | $ | 998.1 |  |  | $ | 1,120.6 |
Australia | 46.3 |  |  | 72.4 |  |  | 750.2 |
Total Property, Plant and Equipment, Net | $ | 1,059.0 |  |  | $ | 1,070.5 |  |  | $ | 1,870.8 |
Revenue from External Customers by Products and Services | The following table represents the percentage of our total revenue contributed by each category of products and services in 2015, 2014, and 2013:
|  | 2015 |  | 2014 |  | 2013
Revenue Category |  |  |  |  |  |
Iron ore |  | 91 | % |  | 92 | % |  | 93 | %
Freight and venture partners’ cost reimbursements |  | 9 | % |  | 8 | % |  | 7 | %
Total revenue |  | 100 | % |  | 100 | % |  | 100 | %

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8736-108599 + Details
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