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Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract] Ìý
Schedule Of Subsidiaries
The unaudited condensed consolidated financial statements include our accounts and the accounts of our wholly owned and majority-owned subsidiaries, including the following operations:
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
75.0%
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 Unaudited Condensed Consolidated Financial Position as of JuneÌý30, 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
Interest
Percentage
Ìý
JuneÌý30,
2013
Ìý
DecemberÌý31, 2012
´¡³¾²¹±èá
Ìý
Investments in ventures
Ìý
Equity Method
Ìý
30
Ìý
$
29.4

Ìý
$
101.9

Cockatoo
Ìý
Other liabilities2
Ìý
Equity Method
Ìý
—
Ìý
N/A

Ìý
(25.3
)
Hibbing
Ìý
Investments in ventures1
Ìý
Equity Method
Ìý
23
Ìý
6.4

Ìý
(2.1
)
Other
Ìý
Investments in ventures
Ìý
Equity Method
Ìý
Various
Ìý
32.9

Ìý
33.9

Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
$
68.7

Ìý
$
108.4

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1 At December 31, 2012 the classification for Hibbing was Other liabilities.
2 At December 31, 2012 our ownership interest percentage for Cockatoo was 50 percent.
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 or on a units of production basis 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