Stock Compensation Plans (Tables)
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12 Months Ended |
Dec. 31, 2011
|
Stock Compensation Plans [Abstract] |
Ìý
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Performance Share Awards Outstanding |
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Performance
Share
Plan Year
|
ÌýÌý |
Performance Shares Outstanding |
Ìý |
Ìý |
ForfeituresÌý(1) |
Ìý |
ÌýÌý |
Grant Date |
Ìý |
ÌýÌý |
Performance Period |
Ìý |
2011
|
ÌýÌý |
Ìý |
169,632 |
ÌýÌý |
Ìý |
Ìý |
18,848 |
ÌýÌý |
ÌýÌý |
Ìý |
MarchÌý8,Ìý2011 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2011-12/31/2013 |
ÌýÌý |
2011
|
ÌýÌý |
Ìý |
2,090 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
April 14, 2011 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2011-12/31/2013 |
ÌýÌý |
2011
|
ÌýÌý |
Ìý |
1,290 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
MayÌý2, 2011 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2011-12/31/2013 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
209,853 |
ÌýÌý |
Ìý |
Ìý |
23,317 |
ÌýÌý |
ÌýÌý |
Ìý |
March 8, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
12,480 |
(2)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
March 8, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
480 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
April 6, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
590 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
April 12, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
2,130 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
April 26, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
12,080 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
May 3, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
550 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
June 14, 2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
670 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
August 16,Ìý2010 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2010-12/31/2012 |
ÌýÌý |
2009
|
ÌýÌý |
Ìý |
372,881 |
ÌýÌý |
Ìý |
Ìý |
22,089 |
ÌýÌý |
ÌýÌý |
Ìý |
March 9, 2009 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2009-12/31/2011 |
ÌýÌý |
2009
|
ÌýÌý |
Ìý |
3,825 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
August 31,Ìý2009 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2009-12/31/2011 |
ÌýÌý |
2009
|
ÌýÌý |
Ìý |
44,673 |
(2)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
DecemberÌý17,Ìý2009 |
ÌýÌý |
ÌýÌý |
Ìý |
1/1/2009-12/31/2011 |
ÌýÌý |
|
Equity Grant Shares Outstanding |
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Year of Grant
|
ÌýÌý |
Unrestricted Equity Grant Shares |
Ìý |
ÌýÌý |
Restricted Equity Grant Shares |
Ìý |
ÌýÌý |
Deferred Equity Grant Shares |
Ìý |
2009
|
ÌýÌý |
Ìý |
7,788 |
ÌýÌý |
ÌýÌý |
Ìý |
15,118 |
ÌýÌý |
ÌýÌý |
Ìý |
2,596 |
ÌýÌý |
2010
|
ÌýÌý |
Ìý |
3,963 |
ÌýÌý |
ÌýÌý |
Ìý |
7,926 |
ÌýÌý |
ÌýÌý |
Ìý |
1,321 |
ÌýÌý |
2011
|
ÌýÌý |
Ìý |
1,850 |
ÌýÌý |
ÌýÌý |
Ìý |
6,475 |
ÌýÌý |
ÌýÌý |
Ìý |
1,850 |
ÌýÌý |
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Disclosure Of Share-based Compensation Arrangements By Share-based Payment Award |
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Ìý |
ÌýÌý |
(InÌýMillions,ÌýexceptÌý per shareÌýamount)
|
Ìý |
Ìý |
ÌýÌý |
2011 |
Ìý |
Ìý |
2010 |
Ìý |
Ìý |
2009 |
Ìý |
Cost of goods sold and operating expenses
|
ÌýÌý |
$ |
2.7 |
ÌýÌý |
Ìý |
$ |
2.8 |
ÌýÌý |
Ìý |
$ |
1.2 |
ÌýÌý |
Selling, general and administrative expenses
|
ÌýÌý |
Ìý |
13.2 |
ÌýÌý |
Ìý |
Ìý |
12.7 |
ÌýÌý |
Ìý |
Ìý |
11.0 |
ÌýÌý |
Reduction of operating income from continuing operations before income taxes and equity income (loss) from ventures
|
ÌýÌý |
Ìý |
15.9 |
ÌýÌý |
Ìý |
Ìý |
15.5 |
ÌýÌý |
Ìý |
Ìý |
12.2 |
ÌýÌý |
Income tax benefit
|
ÌýÌý |
Ìý |
(5.6 |
)Ìý |
Ìý |
Ìý |
(5.4 |
)Ìý |
Ìý |
Ìý |
(4.3 |
)Ìý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Reduction of net income attributable to Cliffs shareholders
|
ÌýÌý |
$ |
10.3 |
ÌýÌý |
Ìý |
$ |
10.1 |
ÌýÌý |
Ìý |
$ |
7.9 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Reduction of earnings per share attributable to Cliffs shareholders:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
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Basic
|
ÌýÌý |
$ |
0.07 |
ÌýÌý |
Ìý |
$ |
0.07 |
ÌýÌý |
Ìý |
$ |
0.06 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Diluted
|
ÌýÌý |
$ |
0.07 |
ÌýÌý |
Ìý |
$ |
0.07 |
ÌýÌý |
Ìý |
$ |
0.06 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
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Ìý |
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Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions |
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Period (1)
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ÌýÌý |
Grant Date MarketÌýPrice |
ÌýÌý |
Average Expected Term (Years) |
Ìý |
ÌýÌý |
Expected Volatility |
Ìý |
Ìý |
Risk-Free Interest Rate |
Ìý |
Ìý |
Dividend Yield |
Ìý |
Ìý |
FairÌýValue |
ÌýÌý |
Fair Value (Percent of Grant Date MarketÌýPrice) |
Ìý |
First Quarter
|
ÌýÌý |
$96.70 |
ÌýÌý |
Ìý |
2.81 |
ÌýÌý |
ÌýÌý |
Ìý |
94.4 |
%Ìý |
Ìý |
Ìý |
1.17 |
%Ìý |
Ìý |
Ìý |
0.58 |
%Ìý |
Ìý |
$77.90 |
ÌýÌý |
Ìý |
80.60 |
%Ìý |
Second Quarter
|
ÌýÌý |
$93.85 |
ÌýÌý |
Ìý |
2.81 |
ÌýÌý |
ÌýÌý |
Ìý |
94.4 |
%Ìý |
Ìý |
Ìý |
1.17 |
%Ìý |
Ìý |
Ìý |
0.58 |
%Ìý |
Ìý |
$75.64 |
ÌýÌý |
Ìý |
80.60 |
%Ìý |
|
Disclosure of Share-based Compensation Arrangement by Share-based Payment Award |
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|
Ìý |
ÌýÌý |
2011 |
Ìý |
ÌýÌý |
2010 |
Ìý |
ÌýÌý |
2009 |
Ìý |
Ìý |
ÌýÌý |
Shares |
Ìý |
Ìý |
Weighted- Average Exercise Price |
Ìý |
ÌýÌý |
Shares |
Ìý |
Ìý |
Weighted- Average Exercise Price |
Ìý |
ÌýÌý |
Shares |
Ìý |
Ìý |
Weighted- Average Exercise Price |
Ìý |
Stock options:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Options outstanding at beginning of year
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
2,500 |
ÌýÌý |
Ìý |
$ |
5.42 |
ÌýÌý |
Granted during the year
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
|
|
|
Exercised
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
(2,500 |
)Ìý |
Ìý |
Ìý |
5.42 |
ÌýÌý |
Cancelled or expired
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
|
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
Options outstanding at end of year
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
Options exercisable at end of year
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
Restricted awards:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Outstanding and restricted at beginning of year
|
ÌýÌý |
Ìý |
371,712 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
290,702 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
315,684 |
ÌýÌý |
Ìý |
|
|
|
Granted during the year
|
ÌýÌý |
Ìý |
125,059 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
133,666 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
184,904 |
ÌýÌý |
Ìý |
|
|
|
Vested
|
ÌýÌý |
Ìý |
(61,330 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(50,156 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(201,486 |
)Ìý |
Ìý |
|
|
|
Cancelled
|
ÌýÌý |
Ìý |
(10,275 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(2,500 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(8,400 |
)Ìý |
Ìý |
|
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
Outstanding and restricted at end of year
|
ÌýÌý |
Ìý |
425,166 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
371,712 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
290,702 |
ÌýÌý |
Ìý |
|
|
|
Performance shares:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Outstanding at beginning of year
|
ÌýÌý |
Ìý |
843,238 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
823,393 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
594,115 |
ÌýÌý |
Ìý |
|
|
|
Granted during the year (1)
|
ÌýÌý |
Ìý |
263,816 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
376,524 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
555,046 |
ÌýÌý |
Ìý |
|
|
|
Issued (2)
|
ÌýÌý |
Ìý |
(215,870 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(343,321 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(312,336 |
)Ìý |
Ìý |
|
|
|
Forfeited/cancelled
|
ÌýÌý |
Ìý |
(13,749 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(13,358 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(13,432 |
)Ìý |
Ìý |
|
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
Outstanding at end of year
|
ÌýÌý |
Ìý |
877,435 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
843,238 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
823,393 |
ÌýÌý |
Ìý |
|
|
|
Vested or expected to vest as of DecemberÌý31, 2011
|
ÌýÌý |
Ìý |
833,224 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Directors' retainer and voluntary shares:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Outstanding at beginning of year
|
ÌýÌý |
Ìý |
2,509 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
4,596 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
2,183 |
ÌýÌý |
Ìý |
|
|
|
Granted during the year
|
ÌýÌý |
Ìý |
1,815 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
2,075 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
4,602 |
ÌýÌý |
Ìý |
|
|
|
Vested
|
ÌýÌý |
Ìý |
(1,713 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(4,162 |
)Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
(2,189 |
)Ìý |
Ìý |
|
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
Outstanding at end of year
|
ÌýÌý |
Ìý |
2,611 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
2,509 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
Ìý |
4,596 |
ÌýÌý |
Ìý |
|
|
|
Reserved for future grants or awards at end of year:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Employee plans
|
ÌýÌý |
Ìý |
6,760,871 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Directors' plans
|
ÌýÌý |
Ìý |
115,189 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Total
|
ÌýÌý |
Ìý |
6,876,060 |
ÌýÌý |
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
|
Employee Stock Awards Outstanding |
|
|
|
|
|
|
|
|
|
Ìý |
ÌýÌý |
Shares |
Ìý |
Ìý |
Weighted Average GrantÌýDate Fair Value |
Ìý |
Outstanding, beginning of year
|
ÌýÌý |
Ìý |
1,217,459 |
ÌýÌý |
Ìý |
$ |
26.03 |
ÌýÌý |
Granted
|
ÌýÌý |
Ìý |
390,690 |
ÌýÌý |
Ìý |
$ |
88.60 |
ÌýÌý |
Vested
|
ÌýÌý |
Ìý |
(278,913 |
)Ìý |
Ìý |
$ |
42.73 |
ÌýÌý |
Forfeited/expired
|
ÌýÌý |
Ìý |
(24,024 |
)Ìý |
Ìý |
$ |
61.61 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
Outstanding, end of year
|
ÌýÌý |
Ìý |
1,305,212 |
ÌýÌý |
Ìý |
$ |
43.19 |
ÌýÌý |
|
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
|
|
|
|