ÐÇ¿Õ´«Ã½

Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

v3.3.1.900
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2015
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 years ended DecemberÌý31, 2015 and DecemberÌý31, 2014:
Ìý
(In Millions)
Ìý
December 31, 2015
Ìý
DecemberÌý31, 2014
Ìý
U.S. Iron Ore
Ìý
Asia Pacific
Iron Ore
Ìý
Total
Ìý
U.S. Iron Ore
Ìý
Asia Pacific Iron Ore
Ìý
Total
Beginning Balance
$
2.0

Ìý
$
—

Ìý
$
2.0

Ìý
$
2.0

Ìý
$
72.5

Ìý
$
74.5

Impairment
—

Ìý
—

Ìý
—

Ìý
—

Ìý
(73.5
)
Ìý
(73.5
)
Impact of foreign currency translation
—

Ìý
—

Ìý
—

Ìý
—

Ìý
1.0

Ìý
1.0

Ending Balance
$
2.0

Ìý
$
—

Ìý
$
2.0

Ìý
$
2.0

Ìý
$
—

Ìý
$
2.0

Accumulated goodwill impairment loss
$
—

Ìý
$
(73.5
)
Ìý
$
(73.5
)
Ìý
$
—

Ìý
$
(73.5
)
Ìý
$
(73.5
)
Schedule Of Finite-Lived Intangible Assets By Major Class
Following is a summary of intangible assets and liabilities as of DecemberÌý31, 2015 and DecemberÌý31, 2014:
Ìý
Ìý
Ìý
(In Millions)
Ìý
Ìý
Ìý
December 31, 2015
Ìý
December 31, 2014
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
Other non-current assets
Ìý
$
78.4

Ìý
$
(20.2
)
Ìý
$
58.2

Ìý
$
79.2

Ìý
$
(16.5
)
Ìý
$
62.7

Total intangible assets
Ìý
Ìý
$
78.4

Ìý
$
(20.2
)
Ìý
$
58.2

Ìý
$
79.2

Ìý
$
(16.5
)
Ìý
$
62.7

Below-market sales contracts
Other current liabilities
Ìý
$
(23.1
)
Ìý
$
—

Ìý
$
(23.1
)
Ìý
$
(23.0
)
Ìý
$
—

Ìý
$
(23.0
)
Below-market sales contracts
Other liabilities
Ìý
(205.8
)
Ìý
205.8

Ìý
—

Ìý
(205.9
)
Ìý
182.8

Ìý
(23.1
)
Total below-market sales contracts
Ìý
Ìý
$
(228.9
)
Ìý
$
205.8

Ìý
$
(23.1
)
Ìý
$
(228.9
)
Ìý
$
182.8

Ìý
$
(46.1
)
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

2016
3.8

2017
4.3

2018
4.1

2019
3.5

2020
2.5

Total
$
18.2