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Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details)

v2.4.0.8
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Narrative) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Sep. 30, 2013
Australian Dollar Foreign Exchange Contract Hedge Designation [Member]
Designated as Hedging Instrument [Member]
Dec. 31, 2012
Australian Dollar Foreign Exchange Contract Hedge Designation [Member]
Designated as Hedging Instrument [Member]
Sep. 30, 2013
Australian Dollar Foreign Exchange Contract Hedge Designation [Member]
Designated as Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Sep. 30, 2013
Canadian Dollar Foreign Exchange Contracts Hedge Designation [Member]
Designated as Hedging Instrument [Member]
Dec. 31, 2012
Canadian Dollar Foreign Exchange Contracts Hedge Designation [Member]
Designated as Hedging Instrument [Member]
Sep. 30, 2013
Canadian Dollar Foreign Exchange Contracts Hedge Designation [Member]
Designated as Hedging Instrument [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Sep. 30, 2013
Interest Rate Swap [Member]
Designated as Hedging Instrument [Member]
Sep. 30, 2013
Customer Supply Agreement [Member]
Not Designated as Hedging Instrument [Member]
Product Revenues [Member]
Sep. 30, 2012
Customer Supply Agreement [Member]
Not Designated as Hedging Instrument [Member]
Product Revenues [Member]
Sep. 30, 2013
Customer Supply Agreement [Member]
Not Designated as Hedging Instrument [Member]
Product Revenues [Member]
Sep. 30, 2012
Customer Supply Agreement [Member]
Not Designated as Hedging Instrument [Member]
Product Revenues [Member]
Sep. 30, 2013
Customer Supply Agreement [Member]
Not Designated as Hedging Instrument [Member]
Derivative Financial Instruments, Assets [Member]
Dec. 31, 2012
Customer Supply Agreement [Member]
Not Designated as Hedging Instrument [Member]
Derivative Financial Instruments, Assets [Member]
Sep. 30, 2013
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore, Eastern Canadian Iron Ore And Asia Pacific Iron Ore [Member]
Product Revenues [Member]
Sep. 30, 2012
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore, Eastern Canadian Iron Ore And Asia Pacific Iron Ore [Member]
Product Revenues [Member]
Sep. 30, 2013
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore, Eastern Canadian Iron Ore And Asia Pacific Iron Ore [Member]
Product Revenues [Member]
Sep. 30, 2012
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore, Eastern Canadian Iron Ore And Asia Pacific Iron Ore [Member]
Product Revenues [Member]
Sep. 30, 2013
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore, Eastern Canadian Iron Ore And Asia Pacific Iron Ore [Member]
Derivative Financial Instruments, Assets [Member]
Sep. 30, 2013
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore, Eastern Canadian Iron Ore And Asia Pacific Iron Ore [Member]
Derivative Financial Instruments, Liabilities [Member]
Dec. 31, 2012
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore and Eastern Canadian Iron Ore [Member]
Derivative Financial Instruments, Assets [Member]
Dec. 31, 2012
Provisional Pricing Arrangements [Member]
Not Designated as Hedging Instrument [Member]
U.S. Iron Ore and Eastern Canadian Iron Ore [Member]
Derivative Financial Instruments, Liabilities [Member]
Derivative [Line Items] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Derivative, Notional Amount Ìý Ìý $ 333.0 $ 400.0 Ìý $ 453.5 $ 630.4 Ìý $ 250.0 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Amount that will be reclassified to product revenues in the next 12 months upon settlement of the related contracts Ìý Ìý Ìý Ìý (13.4) Ìý Ìý 1.0 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Amount of gain/(loss) recognized in income on derivative Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 53.9 49.8 113.4 131.8 Ìý Ìý 24.3 (8.1) (6.8) (10.3) Ìý Ìý Ìý Ìý
Derivative assets 72.7 78.6 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 62.1 58.9 Ìý Ìý Ìý Ìý 4.6 Ìý 3.5 Ìý
Derivative liabilities $ 36.1 $ 13.2 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý $ 11.4 Ìý $ 11.3