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Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

v2.4.0.6
GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Goodwill
The following table summarizes changes in the carrying amount of goodwill allocated by operating segment for the three months ended March听31, 2013 and the year ended December听31, 2012:
(In Millions)
March 31, 2013
December听31, 2012
U.S. Iron Ore
Eastern Canadian Iron Ore
Asia Pacific
Iron Ore
North American Coal
Other
Total
U.S. Iron Ore
Eastern
Canadian Iron Ore
Asia Pacific Iron Ore
North American Coal
Other
Total
Beginning Balance
$
2.0

$
鈥�

$
84.5

$
鈥�

$
80.9

$
167.4

$
2.0

$
986.2

$
83.0

$
鈥�

$
80.9

$
1,152.1

Arising in business combinations
鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

13.8

鈥�

鈥�

鈥�

13.8

Impairment
鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

鈥�

(1,000.0
)
鈥�

鈥�

鈥�

(1,000.0
)
Impact of foreign currency translation
鈥�

鈥�

0.2

鈥�

鈥�

0.2

鈥�

鈥�

1.5

鈥�

鈥�

1.5

Ending Balance
$
2.0

$
鈥�

$
84.7

$
鈥�

$
80.9

$
167.6

$
2.0

$
鈥�

$
84.5

$
鈥�

$
80.9

$
167.4

Accumulated Goodwill Impairment Loss
$
鈥�

$
(1,000.0
)
$
鈥�

$
(27.8
)
$
鈥�

$
(1,027.8
)
$
鈥�

$
(1,000.0
)
$
鈥�

$
(27.8
)
$
鈥�

$
(1,027.8
)
Schedule Of Finite-Lived Intangible Assets By Major Class
Following is a summary of intangible assets and liabilities as of March听31, 2013 and December听31, 2012:
(In Millions)
March 31, 2013
December 31, 2012
Classification
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Definite-lived intangible assets:
Permits
Intangible assets, net
$
136.2

$
(33.5
)
$
102.7

$
136.1

$
(31.7
)
$
104.4

Utility contracts
Intangible assets, net
54.7

(35.2
)
19.5

54.7

(32.4
)
22.3

Leases
Intangible assets, net
5.7

(3.4
)
2.3

5.7

(3.4
)
2.3

Total intangible assets
$
196.6

$
(72.1
)
$
124.5

$
196.5

$
(67.5
)
$
129.0

Below-market sales contracts
Other current liabilities
$
(46.0
)
$
1.9

$
(44.1
)
$
(46.0
)
$
鈥�

$
(46.0
)
Below-market sales contracts
Other liabilities
(250.7
)
181.6

(69.1
)
(250.7
)
181.6

(69.1
)
Total below-market sales contracts
$
(296.7
)
$
183.5

$
(113.2
)
$
(296.7
)
$
181.6

$
(115.1
)
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

2013 (remaining nine months)
$
14.5

2014
18.8

2015
7.8

2016
7.7

2017
7.9

2018
7.7

Total
$
64.4

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 each of the three succeeding fiscal years:
(In Millions)
Amount
Year Ending December 31
2013 (remaining nine months)
$
44.1

2014
23.1

2015
23.0

2016
23.0

Total
$
113.2