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RELATED PARTIES (Tables)
6 Months Ended
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

Revenues1
$
1,092.7

 
$
743.2

 
$
1,451.8

 
$
900.2

Related party revenues as a percent of Revenues1
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
)