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RELATED PARTIES (Tables) | 6 Months Ended
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Jun. 30, 2020
Related Party Transactions [Abstract] |
Equity Method Investments | Investees and equity ownership percentages are presented below:
Investee |  | Segment Reported Within |  | Equity Ownership Percentage
Combined Metals of Chicago, LLC |  | Steel and Manufacturing |  | 40.0%
Hibbing Taconite Company |  | Mining and Pelletizing |  | 23.0%
Spartan Steel Coating, LLC |  | Steel and Manufacturing |  | 48.0%
Hibbing is a co-owned joint venture with companies that are integrated steel producers or their subsidiaries. The following is a summary of the mine ownership of the co-owned iron ore mine at June 30, 2020:
Mine |  | Cleveland-Cliffs Inc. |  | ArcelorMittal USA |  | U.S. Steel
Hibbing |  | 23.0% |  | 62.3% |  | 14.7%
Summary Of Related Party Transactions Table Disclosure | The tables below summarize our material related party transactions: Revenues from related parties were as follows:
| (In Millions)
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue from related parties | $ | 281.8 |  |  | $ | 452.4 |  |  | $ | 292.6 |  |  | $ | 499.3 |
Revenues 1 | $ | 1,092.7 |  |  | $ | 743.2 |  |  | $ | 1,451.8 |  |  | $ | 900.2 |
Related party revenues as a percent of Revenues 1 | 25.8 | % |  | 60.9 | % |  | 20.2 | % |  | 55.5 | %
Purchases from related parties | $ | 9.7 |  |  | $ | — |  |  | $ | 12.2 |  |  | $ | — |
1 Includes Realization of deferred revenue of $34.6 million for the six months ended June 30, 2020. The following table presents the classification of related party assets and liabilities in the Statements of Unaudited Condensed Consolidated Financial Position:
|  | (In Millions)
Balance Sheet Location |  | June 30, 2020 |  | December 31, 2019
Accounts receivable, net |  | $ | 91.6 |  |  | $ | 31.1 |
Other current assets |  | 35.3 |  |  | 44.5 |
Accounts payable |  | (2.4 | ) |  | — |
Other current liabilities |  | (2.0 | ) |  | (2.0 | )

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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