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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2017
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, 2017, 2016 and 2015, including a reconciliation of segment sales margin to Income 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)
| 2017 |  | 2016 |  | 2015
Revenues from product sales and services: |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 1,866.0 |  |  | 80% |  | $ | 1,554.5 |  |  | 74% |  | $ | 1,525.4 |  |  | 76%
Asia Pacific Iron Ore | 464.2 |  |  | 20% |  | 554.5 |  |  | 26% |  | 487.9 |  |  | 24%
Total revenues from product sales and services | $ | 2,330.2 |  |  | 100% |  | $ | 2,109.0 |  |  | 100% |  | $ | 2,013.3 |  |  | 100%
Sales margin: |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 465.4 |  |  |  |  | $ | 275.7 |  |  |  |  | $ | 227.1 |  |  |
Asia Pacific Iron Ore | 36.3 |  |  |  |  | 113.6 |  |  |  |  | 9.4 |  |  |
Sales margin | 501.7 |  |  |  |  | 389.3 |  |  |  |  | 236.5 |  |  |
Other operating expense | (78.1 | ) |  |  |  | (148.5 | ) |  |  |  | (85.2 | ) |  |
Other income (expense) | (294.2 | ) |  |  |  | (33.8 | ) |  |  |  | 161.8 |  |  |
Income from continuing operations before income taxes and equity loss from ventures | $ | 129.4 |  |  |  |  | $ | 207.0 |  |  |  |  | $ | 313.1 |  |  |
| (In Millions)
| 2017 |  | 2016 |  | 2015
Net income (loss) | $ | 363.1 |  |  | $ | 199.3 |  |  | $ | (748.4 | )
Less: |  |  |  |  |
Interest expense, net | (132.0 | ) |  | (200.5 | ) |  | (231.4 | )
Income tax benefit (expense) | 252.4 |  |  | 12.2 |  |  | (163.3 | )
Depreciation, depletion and amortization | (87.7 | ) |  | (115.4 | ) |  | (134.0 | )
Total EBITDA | $ | 330.4 |  |  | $ | 503.0 |  |  | $ | (219.7 | )
Less: |  |  |  |  |
Gain (loss) on extinguishment/restructuring of debt | $ | (165.4 | ) |  | $ | 166.3 |  |  | $ | 392.9 |
Impact of discontinued operations | (18.7 | ) |  | (19.9 | ) |  | (892.0 | )
Foreign exchange remeasurement | 11.4 |  |  | (16.8 | ) |  | 16.3 |
Severance and contractor termination costs | — |  |  | (0.1 | ) |  | (10.2 | )
Supplies inventory adjustment | (1.8 | ) |  | — |  |  | (16.3 | )
Impairment of other long-lived assets | — |  |  | — |  |  | (3.3 | )
Total Adjusted EBITDA | $ | 504.9 |  |  | $ | 373.5 |  |  | $ | 292.9 |
EBITDA: |  |  |  |  |
U.S. Iron Ore | $ | 534.9 |  |  | $ | 342.4 |  |  | $ | 317.6 |
Asia Pacific Iron Ore | 40.7 |  |  | 128.3 |  |  | 35.3 |
Other (including discontinued operations) | (245.2 | ) |  | 32.3 |  |  | (572.6 | )
Total EBITDA | $ | 330.4 |  |  | $ | 503.0 |  |  | $ | (219.7 | )
Adjusted EBITDA: |  |  |  |  |
U.S. Iron Ore | $ | 559.4 |  |  | $ | 359.6 |  |  | $ | 352.1 |
Asia Pacific Iron Ore | 50.4 |  |  | 132.9 |  |  | 32.7 |
Other | (104.9 | ) |  | (119.0 | ) |  | (91.9 | )
Total Adjusted EBITDA | $ | 504.9 |  |  | $ | 373.5 |  |  | $ | 292.9 |
| (In Millions)
| 2017 |  | 2016 |  | 2015
Depreciation, depletion and amortization: |  |  |  |  |
U.S. Iron Ore | $ | 66.6 |  |  | $ | 84.0 |  |  | $ | 98.9 |
Asia Pacific Iron Ore | 14.3 |  |  | 25.1 |  |  | 25.3 |
Other | 6.8 |  |  | 6.3 |  |  | 6.6 |
Total depreciation, depletion and amortization | $ | 87.7 |  |  | $ | 115.4 |  |  | $ | 130.8 |
Capital additions 1: |  |  |  |  |
U.S. Iron Ore | $ | 136.8 |  |  | $ | 62.2 |  |  | $ | 58.2 |
Asia Pacific Iron Ore | 2.8 |  |  | 0.2 |  |  | 5.4 |
Other 2 | 16.4 |  |  | 6.1 |  |  | 8.6 |
Total capital additions | $ | 156.0 |  |  | $ | 68.5 |  |  | $ | 72.2 |
1 Includes capital lease additions and non-cash accruals. Refer to NOTE 17 - CASH FLOW INFORMATION.
2 Includes spend related to our HBI project.
Summary of Assets by Segment | A summary of assets by segment is as follows:
| (In Millions)
| December 31, 2017 |  | December 31, 2016 |  | December 31, 2015
Assets: |  |  |  |  |
U.S. Iron Ore | $ | 1,500.6 |  |  | $ | 1,372.5 |  |  | $ | 1,476.4 |
Asia Pacific Iron Ore | 138.8 |  |  | 155.1 |  |  | 202.5 |
Total segment assets | 1,639.4 |  |  | 1,527.6 |  |  | 1,678.9 |
Corporate | 1,314.0 |  |  | 396.3 |  |  | 441.7 |
Assets of discontinued operations | — |  |  | — |  |  | 14.9 |
Total assets | $ | 2,953.4 |  |  | $ | 1,923.9 |  |  | $ | 2,135.5 |
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)
| 2017 |  | 2016 |  | 2015
Revenues from product sales and services |  |  |  |  |
United States | $ | 1,504.5 |  |  | $ | 1,236.2 |  |  | $ | 1,206.4 |
China | 364.7 |  |  | 452.5 |  |  | 370.8 |
Canada | 206.2 |  |  | 267.1 |  |  | 282.4 |
Other countries | 254.8 |  |  | 153.2 |  |  | 153.7 |
Total revenues from product sales and services | $ | 2,330.2 |  |  | $ | 2,109.0 |  |  | $ | 2,013.3 |
Property, Plant and Equipment, Net |  |  |  |  |
United States | $ | 1,033.8 |  |  | $ | 961.0 |  |  | $ | 1,012.7 |
Australia | 17.2 |  |  | 23.4 |  |  | 46.3 |
Total Property, Plant and Equipment, Net | $ | 1,051.0 |  |  | $ | 984.4 |  |  | $ | 1,059.0 |
Revenue from External Customers by Products and Services | The following table represents the percentage of our total Revenues from product sales and services contributed by each category of products and services in 2017, 2016 and 2015:
|  | 2017 |  | 2016 |  | 2015
Revenue category |  |  |  |  |  |
Product |  | 90 | % |  | 91 | % |  | 91 | %
Freight and venture partners’ cost reimbursements |  | 10 | % |  | 9 | % |  | 9 | %
Total revenues from product sales and services |  | 100 | % |  | 100 | % |  | 100 | %

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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=68060357&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=68060357&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=68060357&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=68060357&loc=d3e8736-108599 + Details
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