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SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information, By Segment
The following tables present a summary of our reportable segments for the three and nine months ended September 30, 2015 and 2014, including a reconciliation of segment sales margin to Income (Loss) from Continuing Operations Before Income Taxes and Equity Loss from Ventures and a reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA:
 
(In Millions)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Revenues from product sales and services:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Iron Ore
$
471.0

 
79
%
 
$
767.4

 
78
%
 
$
1,152.5

 
75
%
 
$
1,643.3

 
70
%
Asia Pacific Iron Ore
122.2

 
21
%
 
212.3

 
22
%
 
384.8

 
25
%
 
699.6

 
30
%
Total revenues from product sales and services
$
593.2

 
100
%
 
$
979.7

 
100
%
 
$
1,537.3

 
100
%
 
$
2,342.9

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Sales margin:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Iron Ore
$
48.7

 
 
 
$
219.5

 
 
 
$
177.7

 
 
 
$
461.7

 
 
Asia Pacific Iron Ore
6.4

 
 
 
9.1

 
 
 
15.5

 
 
 
111.4

 
 
Eliminations with discontinued operations

 
 
 
27.6

 
 
 

 
 
 
56.6

 
 
Sales margin
55.1

 
 
 
256.2

 
 
 
193.2

 
 
 
629.7

 
 
Other operating expense
(25.9
)
 
 
 
(399.0
)
 
 
 
(66.4
)
 
 
 
(494.0
)
 
 
Other income (expense)
17.4

 
 
 
(38.1
)
 
 
 
221.7

 
 
 
(118.2
)
 
 
Income (loss) from continuing operations before income taxes and equity loss from ventures
$
46.6

 
 
 
$
(180.9
)
 
 
 
$
348.5

 
 
 
$
17.5

 
 
 
(In Millions)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Net Income (Loss)
$
6.0

 
$
(6,887.2
)
 
$
(690.5
)
 
$
(6,943.4
)
Less:
 
 
 
 
 
 
 
Interest expense, net
(62.3
)
 
(47.4
)
 
(170.7
)
 
(134.9
)
Income tax benefit (expense)
4.8

 
921.4

 
(167.3
)
 
1,012.3

Depreciation, depletion and amortization
(35.6
)
 
(144.0
)
 
(99.1
)
 
(430.4
)
EBITDA
$
99.1

 
$
(7,617.2
)
 
$
(253.4
)
 
$
(7,390.4
)
Less:
 
 
 
 
 
 
 
Impairment of goodwill and other long-lived assets
$


$
(377.0
)

$
(3.3
)

$
(378.6
)
Impact of discontinued operations
(44.8
)
 
(7,543.0
)
 
(865.9
)
 
(7,737.1
)
Gain on extinguishment of debt
79.2

 

 
392.9

 

Severance and contractor termination costs
2.2

 
(2.6
)
 
(9.3
)
 
(19.3
)
Foreign exchange remeasurement
2.4

 
25.8

 
15.2

 
8.4

Adjusted EBITDA
$
60.1

 
$
279.6

 
$
217.0

 
$
736.2

 
 
 
 
 
 
 
 
EBITDA:
 
 
 
 
 
 
 
U.S. Iron Ore
$
69.2

 
$
241.9

 
$
239.6

 
$
538.2

Asia Pacific Iron Ore
11.1

 
(302.2
)
 
38.7

 
(150.8
)
Other
18.8

 
(7,556.9
)
 
(531.7
)
 
(7,777.8
)
Total EBITDA
$
99.1

 
$
(7,617.2
)
 
$
(253.4
)
 
$
(7,390.4
)
 
 
 
 
 
 
 
 
Adjusted EBITDA:
 
 
 
 
 
 
 
U.S. Iron Ore
$
72.3

 
$
249.5

 
$
254.6

 
$
559.1

Asia Pacific Iron Ore
9.7

 
49.7

 
32.8

 
225.5

Other
(21.9
)
 
(19.6
)
 
(70.4
)
 
(48.4
)
Total Adjusted EBITDA
$
60.1

 
$
279.6

 
$
217.0

 
$
736.2

 
(In Millions)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Depreciation, depletion and amortization:
 
 
 
 
 
 
 
U.S. Iron Ore
$
27.9

 
$
25.9

 
$
71.6

 
$
81.2

Asia Pacific Iron Ore
6.1

 
42.2

 
19.1

 
123.6

Other
1.6

 
2.0

 
5.2

 
5.9

Total depreciation, depletion and amortization
$
35.6

 
$
70.1

 
$
95.9

 
$
210.7

 
 
 
 
 
 
 
 
Capital additions1:
 
 
 
 
 
 
 
U.S. Iron Ore
$
15.0

 
$
8.5

 
$
35.8

 
$
37.4

Asia Pacific Iron Ore
0.3

 
3.1

 
4.8

 
8.3

Other
2.4

 
0.5

 
6.0

 
3.3

Total capital additions
$
17.7

 
$
12.1

 
$
46.6

 
$
49.0

                                         
1    Includes capital lease additions and non-cash accruals. Refer to NOTE 17 - CASH FLOW INFORMATION.
Summary of Assets by Segment
A summary of assets by segment is as follows:
 
(In Millions)
 
September 30,
2015
 
December 31,
2014
Assets:
 
 
 
U.S. Iron Ore
$
1,498.3

 
$
1,464.9

Asia Pacific Iron Ore
210.5

 
274.6

Other
26.3

 
147.0

Total segment assets
1,735.1

 
1,886.5

Corporate
395.0

 
546.8

Assets of Discontinued Operations
141.4

 
730.7

Total assets
$
2,271.5

 
$
3,164.0