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Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

v2.4.1.9
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract] 听
Schedule Of Goodwill
The following table summarizes changes in the carrying amount of goodwill allocated by operating segment for the years ended December听31, 2014 and December听31, 2013:
听
(In Millions)
听
December 31, 2014
听
December听31, 2013
听
U.S. Iron Ore
听
Eastern Canadian Iron Ore
听
Asia Pacific
Iron Ore
听
Other
听
Total
听
U.S. Iron Ore
听
Eastern
Canadian Iron Ore
听
Asia Pacific Iron Ore
听
Other
听
Total
Beginning Balance
$
2.0

听
$
鈥�

听
$
72.5

听
$
鈥�

听
$
74.5

听
$
2.0

听
$
鈥�

听
$
84.5

听
$
80.9

听
$
167.4

Arising in business combinations
鈥�

听
鈥�

听
鈥�

听
鈥�

听
鈥�

听
鈥�

听
鈥�

听
鈥�

听
鈥�

听
鈥�

Impairment
鈥�

听
鈥�

听
(73.5
)
听
鈥�

听
(73.5
)
听
鈥�

听
鈥�

听
鈥�

听
(80.9
)
听
(80.9
)
Impact of foreign currency translation
鈥�

听
鈥�

听
1.0

听
鈥�

听
1.0

听
鈥�

听
鈥�

听
(12.0
)
听
鈥�

听
(12.0
)
Ending Balance
$
2.0

听
$
鈥�

听
$
鈥�

听
$
鈥�

听
$
2.0

听
$
2.0

听
$
鈥�

听
$
72.5

听
$
鈥�

听
$
74.5

Accumulated Goodwill Impairment Loss
$
鈥�

听
$
(1,000.0
)
听
$
(73.5
)
听
$
(80.9
)
听
$
(1,154.4
)
听
$
鈥�

听
$
(1,000.0
)
听
$
鈥�

听
$
(80.9
)
听
$
(1,080.9
)
Schedule Of Finite-Lived Intangible Assets By Major Class
Following is a summary of intangible assets and liabilities as of December听31, 2014 and December听31, 2013:
听
听
听
(In Millions)
听
听
听
December 31, 2014
听
December 31, 2013
听
Classification
听
Gross
Carrying
Amount
听
Accumulated
Amortization
听
Net
Carrying
Amount
听
Gross
Carrying
Amount
听
Accumulated
Amortization
听
Net
Carrying
Amount
Definite-lived intangible assets:
听
听
听
听
听
听
听
听
听
听
听
听
听
Permits
Other non-current assets
听
$
79.2

听
$
(16.5
)
听
$
62.7

听
$
127.4

听
$
(35.9
)
听
$
91.5

Utility contracts
Other non-current assets
听
鈥�

听
鈥�

听
鈥�

听
54.7

听
(53.1
)
听
1.6

Leases
Other non-current assets
听
鈥�

听
鈥�

听
鈥�

听
2.4

听
(0.1
)
听
2.3

Total intangible assets
听
听
$
79.2

听
$
(16.5
)
听
$
62.7

听
$
184.5

听
$
(89.1
)
听
$
95.4

Below-market sales contracts
Other current liabilities
听
$
(23.0
)
听
$
鈥�

听
$
(23.0
)
听
$
(23.0
)
听
$
鈥�

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

听
(23.1
)
听
(205.9
)
听
159.7

听
(46.2
)
Total below-market sales contracts
听
听
$
(228.9
)
听
$
182.8

听
$
(46.1
)
听
$
(228.9
)
听
$
159.7

听
$
(69.2
)
Estimated Amortization Expense Relating To Intangible Assets
The estimated amortization expense relating to intangible assets for each of the five succeeding years is as follows:
(In Millions)

Amount
Year Ending December 31

2015
4.1

2016
4.2

2017
4.0

2018
3.8

2019
3.5

Total
$
19.6

Schedule Of Earnings To Be Recognized On Below-Market Sales Contract
The following amounts are estimated to be recognized in Product revenues for each of the two succeeding fiscal years:
听
(In Millions)
听
Amount
Year Ending December 31
听
2015
23.0

2016
23.1

Total
$
46.1