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v3.19.1

SEGMENT REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2019
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 (loss) from Continuing Operations Before Income Taxes and a reconciliation of Net loss to EBITDA and Adjusted EBITDA:
| (In Millions)
| Three Months Ended March 31,
| 2019 |  | 2018
Revenues from product sales and services: |  |  |
Mining and Pelletizing | $ | 157.0 |  |  | $ | 180.0 |
Sales margin: |  |  |
Mining and Pelletizing | $ | 30.9 |  |  | $ | 61.5 |
Other operating expense | (31.7 | ) |  | (31.2 | )
Other expense | (25.0 | ) |  | (28.0 | )
Income (loss) from continuing operations before income taxes | $ | (25.8 | ) |  | $ | 2.3 |
| (In Millions)
| Three Months Ended March 31,
| 2019 |  | 2018
Net loss | $ | (22.1 | ) |  | $ | (84.3 | )
Less: |  |  |
Interest expense, net | (25.1 | ) |  | (33.5 | )
Income tax benefit (expense) | 3.7 |  |  | (15.7 | )
Depreciation, depletion and amortization | (19.9 | ) |  | (23.9 | )
EBITDA | $ | 19.2 |  |  | $ | (11.2 | )
Less: |  |  |
Foreign exchange remeasurement | $ | 0.1 |  |  | $ | (0.4 | )
Impact of discontinued operations | — |  |  | (63.1 | )
Loss on extinguishment of debt | (0.3 | ) |  | — |
Severance costs | (1.7 | ) |  | — |
Adjusted EBITDA | $ | 21.1 |  |  | $ | 52.3 |
EBITDA: |  |  |
Mining and Pelletizing | $ | 42.8 |  |  | $ | 72.5 |
Metallics | (0.8 | ) |  | (0.3 | )
Corporate and Other (including discontinued operations) | (22.8 | ) |  | (83.4 | )
Total EBITDA | $ | 19.2 |  |  | $ | (11.2 | )
Adjusted EBITDA: |  |  |
Mining and Pelletizing | $ | 47.5 |  |  | $ | 77.1 |
Metallics | (0.8 | ) |  | (0.3 | )
Corporate | (25.6 | ) |  | (24.5 | )
Total Adjusted EBITDA | $ | 21.1 |  |  | $ | 52.3 |
The following table summarizes our depreciation, depletion and amortization expense and capital additions:
| (In Millions)
| Three Months Ended March 31,
| 2019 |  | 2018
Depreciation, depletion and amortization: |  |  |
Mining and Pelletizing | $ | 18.5 |  |  | $ | 15.8 |
Corporate | 1.4 |  |  | 1.4 |
Total depreciation, depletion and amortization | $ | 19.9 |  |  | $ | 17.2 |
Capital additions 1: |  |  |
Mining and Pelletizing | $ | 46.8 |  |  | $ | 18.7 |
Metallics | 82.4 |  |  | 60.0 |
Corporate | 0.1 |  |  | 0.2 |
Total capital additions | $ | 129.3 |  |  | $ | 78.9 |
1 Refer to NOTE 17 - CASH FLOW INFORMATION for additional information.
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | A summary of assets by segment is as follows:
| (In Millions)
| March 31, 2019 |  | December 31, 2018
Assets: |  |  |
Mining and Pelletizing | $ | 1,774.5 |  |  | $ | 1,694.1 |
Metallics | 350.0 |  |  | 265.9 |
Total segment assets | 2,124.5 |  |  | 1,960.0 |
Corporate and Other (including discontinued operations) | 1,181.8 |  |  | 1,569.6 |
Total assets | $ | 3,306.3 |  |  | $ | 3,529.6 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + 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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