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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations |
|  | (In Millions)
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Income (Loss) from Discontinued Operations, net of tax |  |  |  |  |  |  |  |
Asia Pacific Iron Ore |  | $ | 242.3 |  |  | $ | (1.8 | ) |  | $ | 117.6 |  |  | $ | 39.2 |
North American Coal |  | (4.3 | ) |  | (0.7 | ) |  | (4.2 | ) |  | 1.9 |
Canadian Operations |  | — |  |  | 33.1 |  |  | (10.6 | ) |  | (15.5 | )
|  | $ | 238.0 |  |  | $ | 30.6 |  |  | $ | 102.8 |  |  | $ | 25.6 |
|  | (In Millions)
|  | September 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 |  | $ | 16.1 |  |  | $ | — |  |  | $ | 16.1 |  |  | $ | 118.5 |  |  | $ | — |  |  | $ | 118.5 |
Non-current assets of discontinued operations |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20.3 |  |  | $ | — |  |  | $ | 20.3 |
Current liabilities of discontinued operations |  | $ | 7.2 |  |  | $ | 7.0 |  |  | $ | 14.2 |  |  | $ | 71.8 |  |  | $ | 3.2 |  |  | $ | 75.0 |
Non-current liabilities of discontinued operations |  | $ | 9.3 |  |  | $ | — |  |  | $ | 9.3 |  |  | $ | 52.2 |  |  | $ | — |  |  | $ | 52.2 |
|  | (In Millions)
|  | Nine Months Ended September 30,
|  | 2018 |  | 2017
Net cash provided (used) by operating activities |  |  |  |
Asia Pacific Iron Ore |  | $ | (77.0 | ) |  | $ | 78.5 |
Canadian Operations |  | (14.6 | ) |  | — |
|  | $ | (91.6 | ) |  | $ | 78.5 |
Net cash provided (used) by investing activities |  |  |  |
Asia Pacific Iron Ore |  | $ | 17.8 |  |  | $ | (1.5 | )
|  | $ | 17.8 |  |  | $ | (1.5 | )
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 presented, as well as exit costs, are classified as discontinued operations.
|  | (In Millions)
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Income (Loss) from Discontinued Operations |  | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues from product sales and services |  | $ | — |  |  | $ | 101.7 |  |  | $ | 129.1 |  |  | $ | 375.1 |
Cost of goods sold and operating expenses |  | (0.5 | ) |  | (98.7 | ) |  | (230.7 | ) |  | (323.9 | )
Sales margin |  | (0.5 | ) |  | 3.0 |  |  | (101.6 | ) |  | 51.2 |
Other operating income (expense) |  | 14.8 |  |  | (3.9 | ) |  | (4.0 | ) |  | (7.6 | )
Other expense |  | (0.1 | ) |  | (1.3 | ) |  | (2.3 | ) |  | (4.0 | )
Income (loss) from discontinued operations before income taxes |  | 14.2 |  |  | (2.2 | ) |  | (107.9 | ) |  | 39.6 |
Gain on foreign currency translation |  | 228.1 |  |  | — |  |  | 228.1 |  |  | — |
Impairment of long-lived assets |  | — |  |  | — |  |  | (2.6 | ) |  | — |
Income tax benefit (expense) |  | — |  |  | 0.4 |  |  | — |  |  | (0.4 | )
Income (loss) from discontinued operations, net of tax |  | $ | 242.3 |  |  | $ | (1.8 | ) |  | $ | 117.6 |  |  | $ | 39.2 |
Schedule of Disposal Groups, Including Discontinued Operations, Assets and Liabilities | Recorded Assets and Liabilities
|  | (In Millions)
Assets and Liabilities of Discontinued Operations |  | September 30, 2018 |  | December 31, 2017
Cash and cash equivalents |  | $ | 15.6 |  |  | $ | 29.4 |
Accounts receivable, net |  | — |  |  | 33.9 |
Inventories |  | — |  |  | 45.0 |
Supplies and other inventories |  | — |  |  | 5.1 |
Other current assets |  | 0.5 |  |  | 5.1 |
Total current assets of discontinued operations |  | 16.1 |  |  | 118.5 |
Property, plant and equipment, net |  | — |  |  | 17.2 |
Other non-current assets |  | — |  |  | 3.1 |
Total assets of discontinued operations |  | $ | 16.1 |  |  | $ | 138.8 |
Accounts payable |  | $ | 4.2 |  |  | $ | 28.2 |
Accrued liabilities |  | 3.0 |  |  | 28.0 |
Other current liabilities |  | — |  |  | 15.6 |
Total current liabilities of discontinued operations |  | 7.2 |  |  | 71.8 |
Environmental and mine closure obligations |  | — |  |  | 28.8 |
Other liabilities |  | 9.3 |  |  | 23.4 |
Total liabilities of discontinued operations |  | $ | 16.5 |  |  | $ | 124.0 |

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