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Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Tables)

v3.4.0.3
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract] 听
Schedule Of Segment Reporting Information, By Segment
The following tables present a summary of our reportable segments for the three months ended March听31, 2016 and 2015, including a reconciliation of segment sales margin to Income from Continuing Operations Before Income Taxes and a reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA:
听
(In Millions)
听
Three Months Ended
March 31,
听
2016
听
2015
Revenues from product sales and services:
听
听
听
听
听
听
听
U.S. Iron Ore
$
185.5

听
61
%
听
$
311.8

听
70
%
Asia Pacific Iron Ore
120.0

听
39
%
听
134.2

听
30
%
Total revenues from product sales and services
$
305.5

听
100
%
听
$
446.0

听
100
%
听
听
听
听
听
听
听
听
Sales margin:
听
听
听
听
听
听
听
U.S. Iron Ore
$
13.2

听
听
听
$
80.0

听
听
Asia Pacific Iron Ore
17.7

听
听
听
0.8

听
听
Sales margin
30.9

听
听
听
80.8

听
听
Other operating expense
(31.2
)
听
听
听
(8.9
)
听
听
Other income
122.1

听
听
听
270.0

听
听
Income from continuing operations before income taxes
$
121.8

听
听
听
$
341.9

听
听
听
(In Millions)
听
Three Months Ended
March 31,
听
2016
听
2015
Net Income (Loss)
$
116.8

听
$
(761.7
)
Less:
听
听
听
Interest expense, net
(56.8
)
听
(44.2
)
Income tax expense
(7.6
)
听
(175.0
)
Depreciation, depletion and amortization
(35.2
)
听
(33.0
)
EBITDA
$
216.4

听
$
(509.5
)
Less:
听
听
听
Impact of discontinued operations
2.6

听
(929.6
)
Gain on extinguishment/restructuring of debt
178.8

听
313.7

Severance and contractor termination costs
(0.1
)
听
(1.5
)
Foreign exchange remeasurement
(1.2
)
听
13.5

Adjusted EBITDA
$
36.3

听
$
94.4

听
听
听
听
EBITDA:
听
听
听
U.S. Iron Ore
$
41.4

听
$
101.6

Asia Pacific Iron Ore
22.3

听
18.0

Other
152.7

听
(629.1
)
Total EBITDA
$
216.4

听
$
(509.5
)
听
听
听
听
Adjusted EBITDA:
听
听
听
U.S. Iron Ore
$
46.1

听
$
105.1

Asia Pacific Iron Ore
23.0

听
5.7

Other
(32.8
)
听
(16.4
)
Total Adjusted EBITDA
$
36.3

听
$
94.4

听
(In Millions)
听
Three Months Ended
March 31,
听
2016
听
2015
Depreciation, depletion and amortization:
听
听
听
U.S. Iron Ore
$
26.9

听
$
21.7

Asia Pacific Iron Ore
6.8

听
6.3

Other
1.5

听
1.8

Total depreciation, depletion and amortization
$
35.2

听
$
29.8

听
听
听
听
Capital additions1:
听
听
听
U.S. Iron Ore
$
4.5

听
$
9.5

Asia Pacific Iron Ore
鈥�

听
3.4

Other
2.3

听
0.4

Total capital additions
$
6.8

听
$
13.3

听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听
1听听听听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:
听
(In Millions)
听
March听31,
2016
听
December听31,
2015
Assets:
听
听
听
U.S. Iron Ore
$
1,475.1

听
$
1,476.4

Asia Pacific Iron Ore
180.6

听
202.5

Total segment assets
1,655.7

听
1,678.9

Corporate
230.1

听
441.7

Assets of Discontinued Operations
0.5

听
14.9

Total assets
$
1,886.3

听
$
2,135.5