XML 54 R28.htm IDEA: XBRL DOCUMENT
v3.20.2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [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%

X
- 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
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration