RELATED PARTIES (Tables)

6 Months Ended

Jun. 30, 2020

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:

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		)

Cleveland-Cliffs Inc.

ArcelorMittal USA

U.S. Steel