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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information, By Segment | The following tables present a summary of our reportable segments, 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:
| 2018 |  | 2017 | 2016
Revenues from product sales and services: |  |  |  |  |
Mining and Pelletizing | $ | 2,332.4 |  |  | $ | 1,866.0 |  |  | $ | 1,554.5 |
Sales margin: |  |  |  |  |
Mining and Pelletizing | $ | 809.6 |  |  | $ | 467.6 |  |  | $ | 280.1 |
Other operating expense | (136.4 | ) |  | (77.4 | ) |  | (149.4 | )
Other expense | (108.5 | ) |  | (282.0 | ) |  | (20.3 | )
Income from continuing operations before income taxes | $ | 564.7 |  |  | $ | 108.2 |  |  | $ | 110.4 |
| (In Millions)
| 2018 |  | 2017 |  | 2016
Net income | $ | 1,128.1 |  |  | $ | 363.1 |  |  | $ | 199.3 |
Less: |  |  |  |  |
Interest expense, net | (121.3 | ) |  | (132.0 | ) |  | (200.5 | )
Income tax benefit | 460.3 |  |  | 252.4 |  |  | 12.2 |
Depreciation, depletion and amortization | (89.0 | ) |  | (87.7 | ) |  | (115.4 | )
Total EBITDA | $ | 878.1 |  |  | $ | 330.4 |  |  | $ | 503.0 |
Less: |  |  |  |  |
Gain (loss) on extinguishment/restructuring of debt | $ | (6.8 | ) |  | $ | (165.4 | ) |  | $ | 166.3 |
Impact of discontinued operations | 120.6 |  |  | 22.0 |  |  | 108.4 |
Foreign exchange remeasurement | (0.9 | ) |  | 13.9 |  |  | (17.8 | )
Impairment of long-lived assets | (1.1 | ) |  | — |  |  | — |
Total Adjusted EBITDA | $ | 766.3 |  |  | $ | 459.9 |  |  | $ | 246.1 |
EBITDA: |  |  |  |  |
Mining and Pelletizing | $ | 852.9 |  |  | $ | 534.9 |  |  | $ | 342.4 |
Metallics | (3.3 | ) |  | (0.4 | ) |  | — |
Corporate and Other 1 | 28.5 |  |  | (204.1 | ) |  | 160.6 |
Total EBITDA | $ | 878.1 |  |  | $ | 330.4 |  |  | $ | 503.0 |
Adjusted EBITDA: |  |  |  |  |
Mining and Pelletizing | $ | 875.3 |  |  | $ | 559.4 |  |  | $ | 359.6 |
Metallics | (3.3 | ) |  | (0.4 | ) |  | — |
Corporate | (105.7 | ) |  | (99.1 | ) |  | (113.5 | )
Total Adjusted EBITDA | $ | 766.3 |  |  | $ | 459.9 |  |  | $ | 246.1 |
1 Corporate and Other includes activity from discontinued operations.
| (In Millions)
| 2018 |  | 2017 |  | 2016
Depreciation, depletion and amortization: |  |  |  |  |
Mining and Pelletizing | $ | 68.2 |  |  | $ | 66.6 |  |  | $ | 84.0 |
Corporate | 5.6 |  |  | 6.8 |  |  | 6.3 |
Total depreciation, depletion and amortization | $ | 73.8 |  |  | $ | 73.4 |  |  | $ | 90.3 |
Capital additions 1: |  |  |  |  |
Mining and Pelletizing | $ | 145.0 |  |  | $ | 136.8 |  |  | $ | 62.2 |
Metallics | 248.1 |  |  | 13.7 |  |  | — |
Corporate and Other | 1.6 |  |  | 2.7 |  |  | 6.1 |
Total capital additions | $ | 394.7 |  |  | $ | 153.2 |  |  | $ | 68.3 |
1 Includes capital lease additions and non-cash accruals. Refer to NOTE 16 - CASH FLOW INFORMATION.
Summary of Assets by Segment | A summary of assets by segment is as follows:
| (In Millions)
| December 31, 2018 |  | December 31, 2017 |  | December 31, 2016
Assets: |  |  |  |  |
Mining and Pelletizing | $ | 1,694.1 |  |  | $ | 1,500.6 |  |  | $ | 1,372.5 |
Metallics | 265.9 |  |  | 13.4 |  |  | — |
Total segment assets | 1,960.0 |  |  | 1,514.0 |  |  | 1,372.5 |
Corporate | 1,557.2 |  |  | 1,300.6 |  |  | 396.3 |
Assets of discontinued operations | 12.4 |  |  | 138.8 |  |  | 155.1 |
Total assets | $ | 3,529.6 |  |  | $ | 2,953.4 |  |  | $ | 1,923.9 |
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)
| 2018 |  | 2017 |  | 2016
Revenues from product sales and services: |  |  |  |  |
United States | $ | 1,847.3 |  |  | $ | 1,504.5 |  |  | $ | 1,236.2 |
Canada | 395.1 |  |  | 206.2 |  |  | 267.1 |
Other countries | 90.0 |  |  | 155.3 |  |  | 51.2 |
Total revenues from product sales and services | $ | 2,332.4 |  |  | $ | 1,866.0 |  |  | $ | 1,554.5 |
Property, plant and equipment, net: |  |  |  |  |
United States | $ | 1,286.0 |  |  | $ | 1,033.8 |  |  | $ | 961.0 |
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:
|  | 2018 |  | 2017 |  | 2016
Revenue category: |  |  |  |  |  |
Product |  | 93 | % |  | 88 | % |  | 89 | %
Freight and venture partners’ cost reimbursements |  | 7 | % |  | 12 | % |  | 11 | %
Total revenues from product sales and services |  | 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + 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://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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