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Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

v2.4.0.6
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Schedule Of Goodwill
The following table summarizes changes in the carrying amount of goodwill allocated by operating segment for the year ended DecemberÌý31, 2012 and the year ended DecemberÌý31, 2011:
Ìý
(In Millions)
Ìý
December 31, 2012
Ìý
December 31, 2011
Ìý
U.S. Iron Ore
Ìý
Eastern Canadian Iron Ore
Ìý
Asia Pacific
Iron Ore
Ìý
North American Coal
Ìý
Other
Ìý
Total
Ìý
U.S. Iron Ore
Ìý
Eastern
Canadian Iron Ore
Ìý
Asia Pacific Iron Ore
Ìý
North American Coal
Ìý
Other
Ìý
Total
Beginning Balance
$
2.0

Ìý
$
986.2

Ìý
$
83.0

Ìý
$
—

Ìý
$
80.9

Ìý
$
1,152.1

Ìý
$
2.0

Ìý
$
3.1

Ìý
$
82.6

Ìý
$
27.9

Ìý
$
80.9

Ìý
$
196.5

Arising in business combinations
—

Ìý
13.8

Ìý
—

Ìý
—

Ìý
—

Ìý
13.8

Ìý
—

Ìý
983.5

Ìý
—

Ìý
(0.1
)
Ìý
—

Ìý
983.4

Impairment
—

Ìý
(1,000.0
)
Ìý
—

Ìý
—

Ìý
—

Ìý
(1,000.0
)
Ìý
—

Ìý
—

Ìý
—

Ìý
(27.8
)
Ìý
—

Ìý
(27.8
)
Impact of foreign currency translation
—

Ìý
—

Ìý
1.5

Ìý
—

Ìý
—

Ìý
1.5

Ìý
—

Ìý
—

Ìý
0.4

Ìý
—

Ìý
—

Ìý
0.4

Other
—

Ìý
—

Ìý
—

Ìý
—

Ìý
—

Ìý
—

Ìý
—

Ìý
(0.4
)
Ìý
—

Ìý
—

Ìý
—

Ìý
(0.4
)
Ending Balance
$
2.0

Ìý
$
—

Ìý
$
84.5

Ìý
$
—

Ìý
$
80.9

Ìý
$
167.4

Ìý
$
2.0

Ìý
$
986.2

Ìý
$
83.0

Ìý
$
—

Ìý
$
80.9

Ìý
$
1,152.1

Accumulated Goodwill Impairment Loss
$
—

Ìý
$
(1,000.0
)
Ìý
$
—

Ìý
$
(27.8
)
Ìý
$
—

Ìý
$
(1,027.8
)
Ìý
$
—

Ìý
$
—

Ìý
$
—

Ìý
$
(27.8
)
Ìý
$
—

Ìý
$
(27.8
)
Schedule Of Finite-Lived Intangible Assets By Major Class
Following is a summary of intangible assets and liabilities as of DecemberÌý31, 2012 and DecemberÌý31, 2011:
Ìý
Ìý
Ìý
(In Millions)
Ìý
Ìý
Ìý
December 31, 2012
Ìý
December 31, 2011
Ìý
Classification
Ìý
Gross
Carrying
Amount
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Ìý
Gross
Carrying
Amount
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Definite-lived intangible assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Permits
Intangible assets, net
Ìý
$
136.1

Ìý
$
(31.7
)
Ìý
$
104.4

Ìý
$
134.3

Ìý
$
(23.2
)
Ìý
$
111.1

Utility contracts
Intangible assets, net
Ìý
54.7

Ìý
(32.4
)
Ìý
22.3

Ìý
54.7

Ìý
(21.3
)
Ìý
33.4

Leases
Intangible assets, net
Ìý
5.7

Ìý
(3.4
)
Ìý
2.3

Ìý
5.5

Ìý
(3.0
)
Ìý
2.5

Total intangible assets
Ìý
Ìý
$
196.5

Ìý
$
(67.5
)
Ìý
$
129.0

Ìý
$
194.5

Ìý
$
(47.5
)
Ìý
$
147.0

Below-market sales contracts
Other current liabilities
Ìý
$
(46.0
)
Ìý
$
—

Ìý
$
(46.0
)
Ìý
$
(77.0
)
Ìý
$
24.3

Ìý
$
(52.7
)
Below-market sales contracts
Other liabilities
Ìý
(250.7
)
Ìý
181.6

Ìý
(69.1
)
Ìý
(252.3
)
Ìý
140.5

Ìý
(111.8
)
Total below-market sales contracts
Ìý
Ìý
$
(296.7
)
Ìý
$
181.6

Ìý
$
(115.1
)
Ìý
$
(329.3
)
Ìý
$
164.8

Ìý
$
(164.5
)
Estimated Amortization Expense Relating To Intangible Assets
The estimated amortization expense relating to intangible assets for each of the five succeeding years is as follows:
(In Millions)

Amount
Year Ending December 31

2013
$
17.9

2014
17.9

2015
6.0

2016
6.0

2017
6.0

Total
$
53.8

Schedule Of Earnings To Be Recognized On Below-Market Sales Contract
The following amounts are estimated to be recognized in Product revenues for each of the five succeeding fiscal years:
Ìý
(In Millions)
Ìý
Amount
Year Ending December 31
Ìý
2013
$
46.0

2014
23.1

2015
23.0

2016
23.0

2017
—

Total
$
115.1