|
Acquisitions And Other Investments (Tables)
|
12 Months Ended |
|
Dec. 31, 2011
|
|
Wabush [Member]
|
Ìý
|
| Schedule Of Allocation Of Purchase Price |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
(In Millions) |
Ìý |
| Ìý |
ÌýÌý |
Initial
Allocation |
Ìý |
Ìý |
Final
Allocation |
Ìý |
Ìý |
Change |
Ìý |
|
Consideration
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
88.0 |
ÌýÌý |
Ìý |
$ |
88.0 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Working capital adjustments
|
ÌýÌý |
Ìý |
15.0 |
ÌýÌý |
Ìý |
Ìý |
15.0 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Fair value of total consideration transferred
|
ÌýÌý |
Ìý |
103.0 |
ÌýÌý |
Ìý |
Ìý |
103.0 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Fair value of Cliffs' equity interest in Wabush held prior to acquisition of remaining interest
|
ÌýÌý |
Ìý |
39.7 |
ÌýÌý |
Ìý |
Ìý |
38.0 |
ÌýÌý |
Ìý |
Ìý |
(1.7 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
| |
ÌýÌý |
$ |
142.7 |
ÌýÌý |
Ìý |
$ |
141.0 |
ÌýÌý |
Ìý |
$ |
(1.7 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Recognized amounts of identifiable assets acquired and liabilities assumed
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
ASSETS:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
In-process inventories
|
ÌýÌý |
$ |
21.8 |
ÌýÌý |
Ìý |
$ |
21.8 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Supplies and other inventories
|
ÌýÌý |
Ìý |
43.6 |
ÌýÌý |
Ìý |
Ìý |
43.6 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Other current assets
|
ÌýÌý |
Ìý |
13.2 |
ÌýÌý |
Ìý |
Ìý |
13.2 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Mineral rights
|
ÌýÌý |
Ìý |
85.1 |
ÌýÌý |
Ìý |
Ìý |
84.4 |
ÌýÌý |
Ìý |
Ìý |
(0.7 |
)Ìý |
|
Plant and equipment
|
ÌýÌý |
Ìý |
146.3 |
ÌýÌý |
Ìý |
Ìý |
147.8 |
ÌýÌý |
Ìý |
Ìý |
1.5 |
ÌýÌý |
|
Intangible assets
|
ÌýÌý |
Ìý |
66.4 |
ÌýÌý |
Ìý |
Ìý |
66.4 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Other assets
|
ÌýÌý |
Ìý |
16.3 |
ÌýÌý |
Ìý |
Ìý |
19.3 |
ÌýÌý |
Ìý |
Ìý |
3.0 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable assets acquired
|
ÌýÌý |
Ìý |
392.7 |
ÌýÌý |
Ìý |
Ìý |
396.5 |
ÌýÌý |
Ìý |
Ìý |
3.8 |
ÌýÌý |
|
LIABILITIES:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Current liabilities
|
ÌýÌý |
Ìý |
(48.1 |
)Ìý |
Ìý |
Ìý |
(48.1 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Pension and OPEB obligations
|
ÌýÌý |
Ìý |
(80.6 |
)Ìý |
Ìý |
Ìý |
(80.6 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Mine closure obligations
|
ÌýÌý |
Ìý |
(39.6 |
)Ìý |
Ìý |
Ìý |
(53.4 |
)Ìý |
Ìý |
Ìý |
(13.8 |
)Ìý |
|
Below-market sales contracts
|
ÌýÌý |
Ìý |
(67.7 |
)Ìý |
Ìý |
Ìý |
(67.7 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Deferred taxes
|
ÌýÌý |
Ìý |
(20.5 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
20.5 |
ÌýÌý |
|
Other liabilities
|
ÌýÌý |
Ìý |
(8.9 |
)Ìý |
Ìý |
Ìý |
(8.8 |
)Ìý |
Ìý |
Ìý |
0.1 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable liabilities assumed
|
ÌýÌý |
Ìý |
(265.4 |
)Ìý |
Ìý |
Ìý |
(258.6 |
)Ìý |
Ìý |
Ìý |
6.8 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable net assets acquired
|
ÌýÌý |
Ìý |
127.3 |
ÌýÌý |
Ìý |
Ìý |
137.9 |
ÌýÌý |
Ìý |
Ìý |
10.6 |
ÌýÌý |
|
Goodwill
|
ÌýÌý |
Ìý |
15.4 |
ÌýÌý |
Ìý |
Ìý |
3.1 |
ÌýÌý |
Ìý |
Ìý |
(12.3 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total net assets acquired
|
ÌýÌý |
$ |
142.7 |
ÌýÌý |
Ìý |
$ |
141.0 |
ÌýÌý |
Ìý |
$ |
(1.7 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
|
Consolidated Thompson [Member]
|
Ìý
|
| Schedule Of Allocation Of Purchase Price |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
(In Millions) |
Ìý |
| Ìý |
ÌýÌý |
Initial
Allocation |
Ìý |
Ìý |
Revised
Allocation |
Ìý |
Ìý |
Change |
Ìý |
|
Consideration
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
4,554.0 |
ÌýÌý |
Ìý |
$ |
4,554.0 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Fair value of total consideration transferred
|
ÌýÌý |
$ |
4,554.0 |
ÌýÌý |
Ìý |
$ |
4,554.0 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Recognized amounts of identifiable assets acquired and liabilities assumed
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
ASSETS:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
130.6 |
ÌýÌý |
Ìý |
$ |
130.6 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Accounts receivable
|
ÌýÌý |
Ìý |
102.8 |
ÌýÌý |
Ìý |
Ìý |
102.4 |
ÌýÌý |
Ìý |
Ìý |
(0.4 |
)Ìý |
|
Product inventories
|
ÌýÌý |
Ìý |
134.2 |
ÌýÌý |
Ìý |
Ìý |
134.2 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Other current assets
|
ÌýÌý |
Ìý |
35.1 |
ÌýÌý |
Ìý |
Ìý |
35.1 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Mineral rights
|
ÌýÌý |
Ìý |
4,450.0 |
ÌýÌý |
Ìý |
Ìý |
4,825.6 |
ÌýÌý |
Ìý |
Ìý |
375.6 |
ÌýÌý |
|
Property, plant and equipment
|
ÌýÌý |
Ìý |
1,193.4 |
ÌýÌý |
Ìý |
Ìý |
1,193.4 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Intangible assets
|
ÌýÌý |
Ìý |
2.1 |
ÌýÌý |
Ìý |
Ìý |
2.1 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable assets acquired
|
ÌýÌý |
Ìý |
6,048.2 |
ÌýÌý |
Ìý |
Ìý |
6,423.4 |
ÌýÌý |
Ìý |
Ìý |
375.2 |
ÌýÌý |
|
LIABILITIES:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Accounts payable
|
ÌýÌý |
Ìý |
(13.6 |
)Ìý |
Ìý |
Ìý |
(13.6 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Accrued liabilities
|
ÌýÌý |
Ìý |
(130.0 |
)Ìý |
Ìý |
Ìý |
(123.8 |
)Ìý |
Ìý |
Ìý |
6.2 |
ÌýÌý |
|
Convertible debentures
|
ÌýÌý |
Ìý |
(335.7 |
)Ìý |
Ìý |
Ìý |
(335.7 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Other current liabilities
|
ÌýÌý |
Ìý |
(41.8 |
)Ìý |
Ìý |
Ìý |
(41.8 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Long-term deferred tax liabilities
|
ÌýÌý |
Ìý |
(831.5 |
)Ìý |
Ìý |
Ìý |
(1,041.8 |
)Ìý |
Ìý |
Ìý |
(210.3 |
)Ìý |
|
Senior secured notes
|
ÌýÌý |
Ìý |
(125.0 |
)Ìý |
Ìý |
Ìý |
(125.0 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Capital lease obligations
|
ÌýÌý |
Ìý |
(70.7 |
)Ìý |
Ìý |
Ìý |
(70.7 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Other long-term liabilities
|
ÌýÌý |
Ìý |
(25.1 |
)Ìý |
Ìý |
Ìý |
(25.1 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable liabilities assumed
|
ÌýÌý |
Ìý |
(1,573.4 |
)Ìý |
Ìý |
Ìý |
(1,777.5 |
)Ìý |
Ìý |
Ìý |
(204.1 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable net assets acquired
|
ÌýÌý |
Ìý |
4,474.8 |
ÌýÌý |
Ìý |
Ìý |
4,645.9 |
ÌýÌý |
Ìý |
Ìý |
171.1 |
ÌýÌý |
|
Noncontrolling interest in Bloom Lake
|
ÌýÌý |
Ìý |
(947.6 |
)Ìý |
Ìý |
Ìý |
(1,075.4 |
)Ìý |
Ìý |
Ìý |
(127.8 |
)Ìý |
|
Preliminary goodwill
|
ÌýÌý |
Ìý |
1,026.8 |
ÌýÌý |
Ìý |
Ìý |
983.5 |
ÌýÌý |
Ìý |
Ìý |
(43.3 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total net assets acquired
|
ÌýÌý |
$ |
4,554.0 |
ÌýÌý |
Ìý |
$ |
4,554.0 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
| Schedule Of Unaudited Consolidated Proforma Information |
| |
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
(In Millions, Except
Per Common Share) |
Ìý |
| Ìý |
ÌýÌý |
2011 |
Ìý |
ÌýÌý |
2010 |
Ìý |
|
REVENUES FROM PRODUCT SALES AND SERVICES
|
ÌýÌý |
$ |
7,002.7 |
ÌýÌý |
ÌýÌý |
$ |
4,982.9 |
ÌýÌý |
|
NET INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS
|
ÌýÌý |
$ |
1,612.3 |
ÌýÌý |
ÌýÌý |
$ |
912.5 |
ÌýÌý |
|
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS — BASIC
|
ÌýÌý |
$ |
11.50 |
ÌýÌý |
ÌýÌý |
$ |
6.74 |
ÌýÌý |
|
EARNINGS PER COMMON SHARE ATTRIBUTABLE TO CLIFFS SHAREHOLDERS — DILUTED
|
ÌýÌý |
$ |
11.43 |
ÌýÌý |
ÌýÌý |
$ |
6.70 |
ÌýÌý |
|
|
Freewest [Member]
|
Ìý
|
| Schedule Of Allocation Of Purchase Price |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
(In Millions) |
Ìý |
| Ìý |
ÌýÌý |
Initial
Allocation |
Ìý |
Ìý |
Final
Allocation |
Ìý |
Ìý |
Change |
Ìý |
|
Consideration
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Equity instruments (4.2 million Cliffs common shares)
|
ÌýÌý |
$ |
173.1 |
ÌýÌý |
Ìý |
$ |
173.1 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Cash
|
ÌýÌý |
Ìý |
12.8 |
ÌýÌý |
Ìý |
Ìý |
12.8 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Fair value of total consideration transferred
|
ÌýÌý |
Ìý |
185.9 |
ÌýÌý |
Ìý |
Ìý |
185.9 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Fair value of Cliffs' ownership interest in Freewest held prior to acquisition of remaining interest
|
ÌýÌý |
Ìý |
27.4 |
ÌýÌý |
Ìý |
Ìý |
27.4 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
| |
ÌýÌý |
$ |
213.3 |
ÌýÌý |
Ìý |
$ |
213.3 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Recognized amounts of identifiable assets acquired and liabilities assumed
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
ASSETS:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
7.7 |
ÌýÌý |
Ìý |
$ |
7.7 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Other current assets
|
ÌýÌý |
Ìý |
1.4 |
ÌýÌý |
Ìý |
Ìý |
1.4 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Mineral rights
|
ÌýÌý |
Ìý |
252.8 |
ÌýÌý |
Ìý |
Ìý |
244.0 |
ÌýÌý |
Ìý |
Ìý |
(8.8 |
)Ìý |
|
Marketable securities
|
ÌýÌý |
Ìý |
12.1 |
ÌýÌý |
Ìý |
Ìý |
12.1 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable assets acquired
|
ÌýÌý |
Ìý |
274.0 |
ÌýÌý |
Ìý |
Ìý |
265.2 |
ÌýÌý |
Ìý |
Ìý |
(8.8 |
)Ìý |
|
LIABILITIES:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Accounts payable
|
ÌýÌý |
Ìý |
(3.3 |
)Ìý |
Ìý |
Ìý |
(3.3 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Long-term deferred tax liabilities
|
ÌýÌý |
Ìý |
(57.4 |
)Ìý |
Ìý |
Ìý |
(54.3 |
)Ìý |
Ìý |
Ìý |
3.1 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable liabilities assumed
|
ÌýÌý |
Ìý |
(60.7 |
)Ìý |
Ìý |
Ìý |
(57.6 |
)Ìý |
Ìý |
Ìý |
3.1 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable net assets acquired
|
ÌýÌý |
Ìý |
213.3 |
ÌýÌý |
Ìý |
Ìý |
207.6 |
ÌýÌý |
Ìý |
Ìý |
(5.7 |
)Ìý |
|
Goodwill
|
ÌýÌý |
Ìý |
—ÌýÌý |
ÌýÌý |
Ìý |
Ìý |
5.7 |
ÌýÌý |
Ìý |
Ìý |
5.7 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total net assets acquired
|
ÌýÌý |
$ |
213.3 |
ÌýÌý |
Ìý |
$ |
213.3 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
|
Spider [Member]
|
Ìý
|
| Schedule Of Allocation Of Purchase Price |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
(In Millions) |
Ìý |
| Ìý |
ÌýÌý |
Initial
Allocation |
Ìý |
Ìý |
Final
Allocation |
Ìý |
Ìý |
Change |
Ìý |
|
Consideration
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
56.9 |
ÌýÌý |
Ìý |
$ |
56.9 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Fair value of total consideration transferred
|
ÌýÌý |
Ìý |
56.9 |
ÌýÌý |
Ìý |
Ìý |
56.9 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Fair value of Cliffs' ownership interest in Spider held prior to acquisition of remaining interest
|
ÌýÌý |
Ìý |
4.9 |
ÌýÌý |
Ìý |
Ìý |
4.9 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
| |
ÌýÌý |
$ |
61.8 |
ÌýÌý |
Ìý |
$ |
61.8 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Recognized amounts of identifiable assets acquired and liabilities assumed
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
ASSETS:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
9.0 |
ÌýÌý |
Ìý |
$ |
9.0 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Other current assets
|
ÌýÌý |
Ìý |
4.5 |
ÌýÌý |
Ìý |
Ìý |
4.5 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Mineral rights
|
ÌýÌý |
Ìý |
31.0 |
ÌýÌý |
Ìý |
Ìý |
35.3 |
ÌýÌý |
Ìý |
Ìý |
4.3 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable assets acquired
|
ÌýÌý |
Ìý |
44.5 |
ÌýÌý |
Ìý |
Ìý |
48.8 |
ÌýÌý |
Ìý |
Ìý |
4.3 |
ÌýÌý |
|
LIABILITIES:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Other current liabilities
|
ÌýÌý |
Ìý |
(5.2 |
)Ìý |
Ìý |
Ìý |
(5.2 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Long-term deferred tax liabilities
|
ÌýÌý |
Ìý |
(2.7 |
)Ìý |
Ìý |
Ìý |
(5.1 |
)Ìý |
Ìý |
Ìý |
(2.4 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable liabilities assumed
|
ÌýÌý |
Ìý |
(7.9 |
)Ìý |
Ìý |
Ìý |
(10.3 |
)Ìý |
Ìý |
Ìý |
(2.4 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable net assets acquired
|
ÌýÌý |
Ìý |
36.6 |
ÌýÌý |
Ìý |
Ìý |
38.5 |
ÌýÌý |
Ìý |
Ìý |
1.9 |
ÌýÌý |
|
Goodwill
|
ÌýÌý |
Ìý |
77.1 |
ÌýÌý |
Ìý |
Ìý |
75.2 |
ÌýÌý |
Ìý |
Ìý |
(1.9 |
)Ìý |
|
Noncontrolling interest in Spider
|
ÌýÌý |
Ìý |
(51.9 |
)Ìý |
Ìý |
Ìý |
(51.9 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total net assets acquired
|
ÌýÌý |
$ |
61.8 |
ÌýÌý |
Ìý |
$ |
61.8 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
|
CLCC [Member]
|
Ìý
|
| Schedule Of Allocation Of Purchase Price |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Ìý |
ÌýÌý |
(In Millions) |
Ìý |
| Ìý |
ÌýÌý |
Initial
Allocation |
Ìý |
Ìý |
Final
Allocation |
Ìý |
Ìý |
Change |
Ìý |
|
Consideration
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Cash
|
ÌýÌý |
$ |
757.0 |
ÌýÌý |
Ìý |
$ |
757.0 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Working capital adjustments
|
ÌýÌý |
Ìý |
17.5 |
ÌýÌý |
Ìý |
Ìý |
18.9 |
ÌýÌý |
Ìý |
Ìý |
1.4 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Fair value of total consideration transferred
|
ÌýÌý |
$ |
774.5 |
ÌýÌý |
Ìý |
$ |
775.9 |
ÌýÌý |
Ìý |
$ |
1.4 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Recognized amounts of identifiable assets acquired and liabilities assumed
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
ASSETS:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Product inventories
|
ÌýÌý |
$ |
20.0 |
ÌýÌý |
Ìý |
$ |
20.0 |
ÌýÌý |
Ìý |
$ |
—ÌýÌý |
ÌýÌý |
|
Other current assets
|
ÌýÌý |
Ìý |
11.8 |
ÌýÌý |
Ìý |
Ìý |
11.8 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Land and mineral rights
|
ÌýÌý |
Ìý |
640.3 |
ÌýÌý |
Ìý |
Ìý |
639.3 |
ÌýÌý |
Ìý |
Ìý |
(1.0 |
)Ìý |
|
Plant and equipment
|
ÌýÌý |
Ìý |
111.1 |
ÌýÌý |
Ìý |
Ìý |
112.3 |
ÌýÌý |
Ìý |
Ìý |
1.2 |
ÌýÌý |
|
Deferred taxes
|
ÌýÌý |
Ìý |
16.5 |
ÌýÌý |
Ìý |
Ìý |
15.9 |
ÌýÌý |
Ìý |
Ìý |
(0.6 |
)Ìý |
|
Intangible assets
|
ÌýÌý |
Ìý |
7.5 |
ÌýÌý |
Ìý |
Ìý |
7.5 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Other non-current assets
|
ÌýÌý |
Ìý |
0.8 |
ÌýÌý |
Ìý |
Ìý |
0.8 |
ÌýÌý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable assets acquired
|
ÌýÌý |
Ìý |
808.0 |
ÌýÌý |
Ìý |
Ìý |
807.6 |
ÌýÌý |
Ìý |
Ìý |
(0.4 |
)Ìý |
|
LIABILITIES:
|
ÌýÌý |
|
|
|
Ìý |
|
|
|
Ìý |
|
|
|
|
Current liabilities
|
ÌýÌý |
Ìý |
(22.8 |
)Ìý |
Ìý |
Ìý |
(24.1 |
)Ìý |
Ìý |
Ìý |
(1.3 |
)Ìý |
|
Mine closure obligations
|
ÌýÌý |
Ìý |
(2.8 |
)Ìý |
Ìý |
Ìý |
(2.8 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
|
Below-market sales contracts
|
ÌýÌý |
Ìý |
(32.6 |
)Ìý |
Ìý |
Ìý |
(32.6 |
)Ìý |
Ìý |
Ìý |
—ÌýÌý |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable liabilities assumed
|
ÌýÌý |
Ìý |
(58.2 |
)Ìý |
Ìý |
Ìý |
(59.5 |
)Ìý |
Ìý |
Ìý |
(1.3 |
)Ìý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total identifiable net assets acquired
|
ÌýÌý |
Ìý |
749.8 |
ÌýÌý |
Ìý |
Ìý |
748.1 |
ÌýÌý |
Ìý |
Ìý |
(1.7 |
)Ìý |
|
Goodwill
|
ÌýÌý |
Ìý |
24.7 |
ÌýÌý |
Ìý |
Ìý |
27.8 |
ÌýÌý |
Ìý |
Ìý |
3.1 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|
Total net assets acquired
|
ÌýÌý |
$ |
774.5 |
ÌýÌý |
Ìý |
$ |
775.9 |
ÌýÌý |
Ìý |
$ |
1.4 |
ÌýÌý |
| |
ÌýÌý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
Ìý |
Ìý
|
Ìý
|
Ìý |
|