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DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | The charts below provide an asset group breakout for each financial statement line impacted by discontinued operations.
|  | (In Millions)
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Loss from Discontinued Operations, net of tax |  |  |  |  |  |  |  |
Asia Pacific Iron Ore |  | $ | (53.3 | ) |  | $ | (7.3 | ) |  | $ | (124.7 | ) |  | $ | 41.0 |
North American Coal |  | (0.3 | ) |  | 2.6 |  |  | 0.1 |  |  | 2.6 |
Canadian Operations |  | (10.7 | ) |  | (49.0 | ) |  | (10.6 | ) |  | (48.6 | )
|  | $ | (64.3 | ) |  | $ | (53.7 | ) |  | $ | (135.2 | ) |  | $ | (5.0 | )
|  | (In Millions)
|  | June 30, 2018 |  | December 31, 2017
|  | Asia Pacific Iron Ore |  | North American Coal |  | Total |  | Asia Pacific Iron Ore |  | North American Coal |  | Total
Current assets of discontinued operations |  | $ | 45.3 |  |  | $ | — |  |  | $ | 45.3 |  |  | $ | 118.5 |  |  | $ | — |  |  | $ | 118.5 |
Non-current assets of discontinued operations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20.3 |  |  | $ | — |  |  | $ | 20.3 |
Current liabilities of discontinued operations |  | $ | 114.4 |  |  | $ | 2.9 |  |  | $ | 117.3 |  |  | $ | 71.8 |  |  | $ | 3.2 |  |  | $ | 75.0 |
Non-current liabilities of discontinued operations |  | $ | 10.3 |  |  | $ | — |  |  | $ | 10.3 |  |  | $ | 52.2 |  |  | $ | — |  |  | $ | 52.2 |
|  | (In Millions)
|  | Six Months Ended June 30,
|  | 2018 |  | 2017
Net cash provided (used) by operating activities |  |  |  |
Asia Pacific Iron Ore |  | $ | (31.7 | ) |  | $ | 92.2 |
Canadian Operations |  | (14.6 | ) |  | — |
|  | $ | (46.3 | ) |  | $ | 92.2 |
Net cash provided (used) by investing activities |  |  |  |
Asia Pacific Iron Ore |  | $ | 14.1 |  |  | $ | (0.8 | )
|  | $ | 14.1 |  |  | $ | (0.8 | )
Schedule of Disposal Groups, including Discontinued Operations, Income Statement | For the reasons discussed above, our previously reported Asia Pacific Iron Ore operating segment results for all periods prior to June 30, 2018, as well as exit costs, are classified as discontinued operations.
|  | (In Millions)
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Loss from Discontinued Operations |  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues from product sales and services |  | $ | 70.1 |  |  | $ | 98.0 |  |  | $ | 129.1 |  |  | $ | 273.4 |
Cost of goods sold and operating expenses |  | (106.1 | ) |  | (97.1 | ) |  | (230.2 | ) |  | (225.2 | )
Sales margin |  | (36.0 | ) |  | 0.9 |  |  | (101.1 | ) |  | 48.2 |
Other operating expense |  | (16.2 | ) |  | (3.2 | ) |  | (18.8 | ) |  | (3.7 | )
Other expense |  | (1.1 | ) |  | (1.3 | ) |  | (2.2 | ) |  | (2.7 | )
Loss from discontinued operations before income taxes |  | (53.3 | ) |  | (3.6 | ) |  | (122.1 | ) |  | 41.8 |
Impairment of long-lived assets |  | — |  |  | — |  |  | (2.6 | ) |  | — |
Income tax expense |  | — |  |  | (3.7 | ) |  | — |  |  | (0.8 | )
Loss from discontinued operations, net of tax |  | $ | (53.3 | ) |  | $ | (7.3 | ) |  | $ | (124.7 | ) |  | $ | 41.0 |
Schedule of Disposal Groups, Including Discontinued Operations, Assets and Liabilities | Recorded Assets and Liabilities
|  | (In Millions)
Assets and Liabilities of Discontinued Operations |  | June 30, 2018 |  | December 31, 2017
Cash and cash equivalents |  | $ | 29.4 |  |  | $ | 29.4 |
Accounts receivable, net |  | 12.5 |  |  | 33.9 |
Inventories |  | — |  |  | 45.0 |
Supplies and other inventories |  | — |  |  | 5.1 |
Other current assets |  | 3.4 |  |  | 5.1 |
Total current assets of discontinued operations |  | 45.3 |  |  | 118.5 |
Property, plant and equipment, net |  | — |  |  | 17.2 |
Other non-current assets |  | — |  |  | 3.1 |
Total assets of discontinued operations |  | $ | 45.3 |  |  | $ | 138.8 |
Accounts payable |  | $ | 74.3 |  |  | $ | 28.2 |
Accrued liabilities |  | 21.1 |  |  | 28.0 |
Other current liabilities |  | 19.0 |  |  | 15.6 |
Total current liabilities of discontinued operations |  | 114.4 |  |  | 71.8 |
Environmental and mine closure obligations |  | 10.3 |  |  | 28.8 |
Other liabilities |  | — |  |  | 23.4 |
Total liabilities of discontinued operations |  | $ | 124.7 |  |  | $ | 124.0 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
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