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FAIR VALUE OF FINANCIAL INSTRUMENTS (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
6 Months Ended | 12 Months Ended |
|---|---|---|
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Jun. 30, 2014
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Dec. 31, 2013
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| Fair Value, Assets And Liabilities Components [Line Items] | Ìý | Ìý |
| Management Estimate of 62% Fe | 62.00% | Ìý |
| Goodwill, Impairment Loss | $ 0 | $ 80.9 |
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Amapa [Member]
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Ìý | Ìý |
| Fair Value, Assets And Liabilities Components [Line Items] | Ìý | Ìý |
| Equity Method Investments, Fair Value Disclosure | Ìý | 0 |
| Equity Method Investment, Other than Temporary Impairment | Ìý | 67.6 |
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Wabush and Cliffs Chromite Ontario and Cliffs Chromite Far North [Member]
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Ìý | Ìý |
| Fair Value, Assets And Liabilities Components [Line Items] | Ìý | Ìý |
| Impairment of Long-Lived Assets Held-for-use | Ìý | 155.4 |
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Cliffs Chromite Ontario and Cliffs Chromite Far North [Member]
|
Ìý | Ìý |
| Fair Value, Assets And Liabilities Components [Line Items] | Ìý | Ìý |
| Goodwill, Impairment Loss | Ìý | $ 80.9 |
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- Details
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- Definition
Management Estimate of 62% Fe No definition available.
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- Definition
This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value portion of investments accounted under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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