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SEGMENT REPORTING (Tables) | 9 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information, By Segment | The following tables present a summary of our reportable segment including a reconciliation of segment sales margin to Income from Continuing Operations Before Income Taxes and a reconciliation of Net Income to EBITDA and Adjusted EBITDA:
| (In Millions)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Revenues from product sales and services: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 741.8 |  |  | 100 | % |  | $ | 596.7 |  |  | 100 | % |  | $ | 1,636.1 |  |  | 100 | % |  | $ | 1,354.2 |  |  | 100 | %
Sales margin | $ | 261.6 |  |  |  |  | $ | 157.8 |  |  |  |  | $ | 607.6 |  |  |  |  | $ | 351.5 |  |  |
Other operating expense | (36.1 | ) |  |  |  | (29.1 | ) |  |  |  | (97.6 | ) |  |  |  | (74.2 | ) |  |
Other expense | (25.2 | ) |  |  |  | (113.6 | ) |  |  |  | (79.8 | ) |  |  |  | (256.9 | ) |  |
Income from continuing operations before income taxes | $ | 200.3 |  |  |  |  | $ | 15.1 |  |  |  |  | $ | 430.2 |  |  |  |  | $ | 20.4 |  |  |
| (In Millions)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Net Income | $ | 437.8 |  |  | $ | 52.9 |  |  | $ | 518.6 |  |  | $ | 53.2 |
Less: |  |  |  |  |  |  |
Interest expense, net | (29.7 | ) |  | (28.9 | ) |  | (95.5 | ) |  | (103.1 | )
Income tax benefit (expense) | (0.5 | ) |  | 7.6 |  |  | (14.4 | ) |  | 6.8 |
Depreciation, depletion and amortization | (19.2 | ) |  | (21.5 | ) |  | (68.6 | ) |  | (66.3 | )
EBITDA | $ | 487.2 |  |  | $ | 95.7 |  |  | $ | 697.1 |  |  | $ | 215.8 |
Less: |  |  |  |  |  |  |
Impact of discontinued operations | $ | 238.2 |  |  | $ | 34.8 |  |  | $ | 120.4 |  |  | $ | 41.3 |
Foreign exchange remeasurement | (0.2 | ) |  | (1.3 | ) |  | (0.7 | ) |  | 14.0 |
Gain (loss) on extinguishment of debt | — |  |  | (88.6 | ) |  | 0.2 |  |  | (165.4 | )
Impairment of long-lived assets | (1.1 | ) |  | — |  |  | (1.1 | ) |  | — |
Adjusted EBITDA | $ | 250.3 |  |  | $ | 150.8 |  |  | $ | 578.3 |  |  | $ | 325.9 |
EBITDA |  |  |  |  |  |  |
U.S. Iron Ore | $ | 273.1 |  |  | $ | 168.9 |  |  | $ | 641.6 |  |  | $ | 381.8 |
Corporate and Other 1 | 214.1 |  |  | (73.2 | ) |  | 55.5 |  |  | (166.0 | )
Total EBITDA | $ | 487.2 |  |  | $ | 95.7 |  |  | $ | 697.1 |  |  | $ | 215.8 |
Adjusted EBITDA: |  |  |  |  |  |  |
U.S. Iron Ore | $ | 279.5 |  |  | $ | 174.2 |  |  | $ | 657.9 |  |  | $ | 399.8 |
Corporate and Other 1 | (29.2 | ) |  | (23.4 | ) |  | (79.6 | ) |  | (73.9 | )
Total Adjusted EBITDA | $ | 250.3 |  |  | $ | 150.8 |  |  | $ | 578.3 |  |  | $ | 325.9 |
1 Corporate and Other includes activity from discontinued operations and immaterial costs related to the HBI project.
The following table summarizes our depreciation, depletion and amortization expense and capital additions:
| (In Millions)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Depreciation, depletion and amortization: |  |  |  |  |  |  |
U.S. Iron Ore | $ | 17.8 |  |  | $ | 16.5 |  |  | $ | 49.2 |  |  | $ | 49.6 |
Corporate and Other | 1.4 |  |  | 1.7 |  |  | 4.2 |  |  | 5.4 |
Total depreciation, depletion and amortization | $ | 19.2 |  |  | $ | 18.2 |  |  | $ | 53.4 |  |  | $ | 55.0 |
Capital additions 1: |  |  |  |  |  |  |
U.S. Iron Ore | $ | 51.8 |  |  | $ | 19.2 |  |  | $ | 97.2 |  |  | $ | 70.9 |
Corporate and Other 2 | 40.8 |  |  | 7.1 |  |  | 144.7 |  |  | 7.1 |
Total capital additions | $ | 92.6 |  |  | $ | 26.3 |  |  | $ | 241.9 |  |  | $ | 78.0 |
1 Includes cash paid for capital additions of $194.6 million, including deposits of $83.3 million, lease additions of $7.6 million, and an increase in non-cash accruals of $42.2 million, partially offset by governmental grants received of $2.5 million for the nine months ended September 30, 2018, compared to cash paid for capital additions of $77.4 million, including deposits of $16.2 million, and an increase in non-cash accruals of $0.6 million for the nine months ended September 30, 2017.
2 Includes capital additions related to our HBI project.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | A summary of assets by segment is as follows:
| (In Millions)
| September 30, 2018 |  | December 31, 2017
Assets: |  |  |
U.S. Iron Ore | $ | 1,798.8 |  |  | $ | 1,500.6 |
Corporate and Other 1 | 1,310.1 |  |  | 1,314.0 |
Assets of Discontinued Operations | 16.1 |  |  | 138.8 |
Total assets | $ | 3,125.0 |  |  | $ | 2,953.4 |
1 Corporate and Other includes assets related to the HBI project.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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