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Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2013
Estimated Useful Lives Of Intangible Assets Subject To Periodic Amortization On Straight Line Basis Table [Text Block]
Other intangible assets are subject to periodic amortization on a straight-line basis over their estimated useful lives as follows:
Intangible Assets
Ìý
Basis
Ìý
Useful Life (years)
Permits - Asia Pacific Iron Ore
Ìý
Units of production
Ìý
Life of mine
Permits - All Other
Ìý
Straight line
Ìý
15 - 40
Utility contracts
Ìý
Straight line
Ìý
5
Leases - North American Coal
Ìý
Units of production
Ìý
Life of mine
Leases - All Other
Ìý
Straight line
Ìý
4.5 - 17.5
Schedule Of Subsidiaries
The consolidated financial statements include our accounts and the accounts of our wholly owned and majority-owned subsidiaries, including the following operations at December 31, 2013:
Name
Ìý
Location
Ìý
Ownership Interest
Ìý
Operation
Northshore
Ìý
Minnesota
Ìý
100.0%
Ìý
Iron Ore
United Taconite
Ìý
Minnesota
Ìý
100.0%
Ìý
Iron Ore
Wabush
Ìý
Newfoundland and Labrador/ Quebec, Canada
Ìý
100.0%
Ìý
Iron Ore
Bloom Lake
Ìý
Quebec, Canada
Ìý
82.8%
Ìý
Iron Ore
Tilden
Ìý
Michigan
Ìý
85.0%
Ìý
Iron Ore
Empire
Ìý
Michigan
Ìý
79.0%
Ìý
Iron Ore
Koolyanobbing
Ìý
Western Australia
Ìý
100.0%
Ìý
Iron Ore
Pinnacle
Ìý
West Virginia
Ìý
100.0%
Ìý
Coal
Oak Grove
Ìý
Alabama
Ìý
100.0%
Ìý
Coal
CLCC
Ìý
West Virginia
Ìý
100.0%
Ìý
Coal
Schedule of Equity Method Investments
The following table presents the detail of our investments in unconsolidated ventures and where those investments are classified in the Statements of Consolidated Financial Position as of DecemberÌý31, 2013 and DecemberÌý31, 2012. Parentheses indicate a net liability.
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In Millions)
Investment
Ìý
Classification
Ìý
Accounting
Method
Ìý
Ownership Interest
Ìý
DecemberÌý31,
2013
Ìý
DecemberÌý31, 2012
´¡³¾²¹±èá
Ìý
Investments in ventures 2
Ìý
Equity Method
Ìý
—
Ìý
N/A

Ìý
$
101.9

Cockatoo
Ìý
Other liabilities1
Ìý
Equity Method
Ìý
—
Ìý
N/A

Ìý
(25.3
)
Hibbing
Ìý
Other liabilities
Ìý
Equity Method
Ìý
23%
Ìý
$
(3.9
)
Ìý
(2.1
)
Other
Ìý
Investments in ventures
Ìý
Equity Method
Ìý
Various
Ìý
34.7

Ìý
33.9

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$
30.8

Ìý
$
108.4

1 At December 31, 2012, our ownership interest percentage for Cockatoo was 50 percent.
2 At December 31, 2012, our ownership interest percentage for ´¡³¾²¹±èá was 30 percent.
Reimbursements Revenue Disclosure [Table Text Block]
Ìý
Ìý
(In Millions)
Ìý
Ìý
Year Ended December 31,
Ìý
Ìý
2013
Ìý
2012
Ìý
2011
Reimbursements for:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Freight
Ìý
$
177.3

Ìý
$
142.0

Ìý
$
128.4

Venture partners’ cost
Ìý
82.2

Ìý
108.8

Ìý
95.9

Total reimbursements
Ìý
$
259.5

Ìý
$
250.8

Ìý
$
224.3

U.S. Iron Ore and Eastern Canadian Iron Ore [Member]
Ìý
Depreciation Disclosure [Table Text Block]
Asset Class
Ìý
Basis
Ìý
Life
Buildings
Ìý
Straight line
Ìý
45 Years
Mining equipment
Ìý
Straight line/Double declining
balance
Ìý
10ÌýtoÌý20ÌýYears
Processing equipment
Ìý
Straight line
Ìý
15 to 45 Years
Information technology
Ìý
Straight line
Ìý
2 to 7 Years
Asia Pacific Iron Ore [Member]
Ìý
Depreciation Disclosure [Table Text Block]
Asset Class
Ìý
Basis
Ìý
Life
Plant and equipment - non-mining assets
Ìý
Straight line
Ìý
5ÌýtoÌý10ÌýYears
Plant and equipment - mining assets
Ìý
Production output
Ìý
6 Years
Motor vehicles, furnitureÌý& equipment
Ìý
Straight line
Ìý
3 to 5 Years
North American Coal [Member]
Ìý
Depreciation Disclosure [Table Text Block]
Depreciation is provided over the following estimated useful lives:
Asset Class
Ìý
Basis
Ìý
Life
Buildings
Ìý
Straight line
Ìý
30 Years
Mining equipment
Ìý
Straight line
Ìý
2ÌýtoÌý22ÌýYears
Processing equipment
Ìý
Straight line
Ìý
2 to 30 Years
Information technology
Ìý
Straight line
Ìý
2 to 3 Years