ÐÇ¿Õ´«Ã½

Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

v2.4.1.9
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] Ìý
Schedule Of Goodwill
The following table summarizes changes in the carrying amount of goodwill allocated by operating segment for the three months ended MarchÌý31, 2015 and the year ended DecemberÌý31, 2014:
Ìý
(In Millions)
Ìý
March 31, 2015
Ìý
DecemberÌý31, 2014
Ìý
U.S. Iron Ore
Ìý
Asia Pacific
Iron Ore
Ìý
Total
Ìý
U.S. Iron Ore
Ìý
Asia Pacific Iron Ore
Ìý
Total
Beginning Balance
$
2.0

Ìý
$
—

Ìý
$
2.0

Ìý
$
2.0

Ìý
$
72.5

Ìý
$
74.5

Arising in business combinations
—

Ìý
—

Ìý
—

Ìý
—

Ìý
—

Ìý
—

Impairment
—

Ìý
—

Ìý
—

Ìý
—

Ìý
(73.5
)
Ìý
(73.5
)
Impact of foreign currency translation
—

Ìý
—

Ìý
—

Ìý
—

Ìý
1.0

Ìý
1.0

Ending Balance
$
2.0

Ìý
$
—

Ìý
$
2.0

Ìý
$
2.0

Ìý
$
—

Ìý
$
2.0

Accumulated goodwill impairment loss
$
—

Ìý
$
(73.5
)
Ìý
$
(73.5
)
Ìý
$
—

Ìý
$
(73.5
)
Ìý
$
(73.5
)
Schedule Of Finite-Lived Intangible Assets By Major Class
The following table is a summary of intangible assets and liabilities as of MarchÌý31, 2015 and DecemberÌý31, 2014:
Ìý
Ìý
Ìý
(In Millions)
Ìý
Ìý
Ìý
March 31, 2015
Ìý
December 31, 2014
Ìý
Classification
Ìý
Gross
Carrying
Amount
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Ìý
Gross
Carrying
Amount
Ìý
Accumulated
Amortization
Ìý
Net
Carrying
Amount
Definite-lived intangible assets:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Permits
Other non-current assets
Ìý
$
78.7

Ìý
$
(17.5
)
Ìý
$
61.2

Ìý
$
79.2

Ìý
$
(16.5
)
Ìý
$
62.7

Total intangible assets
Ìý
Ìý
$
78.7

Ìý
$
(17.5
)
Ìý
$
61.2

Ìý
$
79.2

Ìý
$
(16.5
)
Ìý
$
62.7

Below-market sales contracts
Other current liabilities
Ìý
$
(23.0
)
Ìý
$
—

Ìý
$
(23.0
)
Ìý
$
(23.0
)
Ìý
$
—

Ìý
$
(23.0
)
Below-market sales contracts
Other liabilities
Ìý
(205.9
)
Ìý
182.8

Ìý
(23.1
)
Ìý
(205.9
)
Ìý
182.8

Ìý
(23.1
)
Total below-market sales contracts
Ìý
Ìý
$
(228.9
)
Ìý
$
182.8

Ìý
$
(46.1
)
Ìý
$
(228.9
)
Ìý
$
182.8

Ìý
$
(46.1
)
Estimated Amortization Expense Relating To Intangible Assets
The estimated amortization expense relating to intangible assets for the remainder of this year and each of the five succeeding years is as follows:
(In Millions)

Amount
Year Ending December 31,

2015 (remaining nine months)
$
3.0

2016
4.0

2017
4.0

2018
4.2

2019
3.1

2020
2.5

Total
$
20.8

Schedule Of Earnings To Be Recognized On Below-Market Sales Contract
The following amounts are estimated to be recognized in Product revenues for the remainder of this year and the succeeding fiscal year:
Ìý
(In Millions)
Ìý
Amount
Year Ending December 31,
Ìý
2015 (remaining nine months)
$
23.0

2016
23.1

Total
$
46.1