Debt And Credit Facilities (Narrative) (Details) |
3 Months Ended | 9 Months Ended | 3 Months Ended | ||||||||||||||||
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Mar. 31, 2011
USD ($)
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Sep. 30, 2011
USD ($)
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Sep. 30, 2011
Senior Notes [Member]
Consolidated Thompson [Member]
USD ($)
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Sep. 30, 2010
Senior Notes $700 Million due 2021 [Member]
USD ($)
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Sep. 30, 2011
Asia Pacific Iron Ore [Member]
Credit Facility Amendment [Member]
AUD
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Sep. 30, 2011
Asia Pacific Iron Ore [Member]
Credit Facility Amendment [Member]
USD ($)
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Mar. 31, 2010
Asia Pacific Iron Ore [Member]
Credit Facility Amendment [Member]
AUD
|
Mar. 31, 2010
Asia Pacific Iron Ore [Member]
Credit Facility Amendment [Member]
USD ($)
|
Sep. 30, 2011
Consolidated Thompson [Member]
USD ($)
|
Aug. 11, 2011
Consolidated Thompson [Member]
USD ($)
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May 10, 2011
Consolidated Thompson [Member]
USD ($)
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Mar. 31, 2011
Senior Notes 30-Year Tranche [Member]
USD ($)
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Mar. 31, 2011
Senior Notes 10-Year Tranche [Member]
USD ($)
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Sep. 30, 2011
Revolving Credit Facility [Member]
USD ($)
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Dec. 31, 2010
Revolving Credit Facility [Member]
USD ($)
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Sep. 30, 2011
Credit Facility Amendment [Member]
USD ($)
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Aug. 11, 2011
Credit Facility Amendment [Member]
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Sep. 30, 2011
Unsecured Credit Facility [Member]
USD ($)
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Sep. 30, 2011
Senior Notes Due 2013 [Member]
USD ($)
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| Line of credit facility capacity | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | $ 600,000,000 | 听 | $ 1,750,000,000 | 听 |
| Credit agreement additional borrowings | 听 | 250,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Scheduled principal payment | 听 | 15,600,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Senior notes | 听 | 听 | 125,000,000 | 500,000,000 | 听 | 听 | 听 | 听 | 听 | 250,000,000 | 听 | 300,000,000 | 700,000,000 | 听 | 听 | 听 | 听 | 听 | 听 |
| Amended Total Funded Debt to EBITDA threashold | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 3.5 | 听 | 听 |
| Face Amount of Senior Long Term Notes | 1,000,000,000 | 听 | 100,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 270,000,000 |
| Stated interest rate | 听 | 听 | 8.50% | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 6.25% | 4.875% | 听 | 听 | 听 | 听 | 听 | 听 |
| Discount interest rate on redemption | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 40 | 25 | 听 | 听 | 听 | 听 | 听 | 听 |
| Premium on principal required to redeem notes | 101.00% | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Redemption price, percent of principal in the event of change of control | 100.00% | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Credit facility | 听 | 听 | 听 | 听 | 听 | 听 | 40,000,000 | 38,700,000 | 听 | 听 | 750,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 984,400,000 | 听 |
| Flexible financial covenants | 听 |
The credit agreement also provides for more flexible financial covenants and debt restrictions through the amendment of certain customary covenants, including the modification of the financial covenant that is based on our debt to earnings ratio. The amended debt to earnings ratio of Total Funded Debt to EBITDA, as those terms are defined in the agreement, as of the last day of each fiscal quarter cannot exceed (i)听3.5 to 1.0, if none of the $270 million private placement senior notes due 2013 remain outstanding, or otherwise (ii) the then applicable maximum multiple under the $270 million private placement senior notes due 2013. |
听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Credit facility long term | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 922,100,000 | 听 |
| Customer borrowings | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 1,250,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Weighted average interest rate | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 2.56% | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Outstanding bank guarantees under credit facilities | 听 | 听 | 听 | 听 | 24,400,000 | 23,600,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 23,500,000 | 64,700,000 | 听 | 听 | 听 | 听 |
| Credit facility remaining capacity | 听 | 听 | 听 | 听 | 15,600,000 | 15,100,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 1,476,500,000 | 535,300,000 | 听 | 听 | 听 | 听 |
| Letters of Credit Outstanding, Amount | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 98,200,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments in 2011 | 听 | 13,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments in 2012 | 听 | 75,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments in 2013 | 听 | 370,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments in 2014 | 听 | 125,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments in 2015 | 听 | 429,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments in 2016 | 听 | 549,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
| Maturities of debt instruments after 2016 | 听 | $ 2,400,000,000 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 |
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- Definition Term of unsecured amended and restated multicurrency credit agreement
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- Definition Debt Maturities Repayments Of Principal In The Current Year
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- Definition The Face Amount Of Long Term Notes Entered Into To Fund An Acquisition
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- Definition Long Term Debt Maturities Repayments Of Principal After Year Six
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- Definition Long Term Debt Maturities Repayments Of Principal In Year Six
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- Definition If a change of control triggering event occurs, the entity can be forced to redeem the notes at a purchase price equal to this percentage, stated as a percent of the principal amount.
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- Definition Redemption Price, Percent Of Principal In The Event Of Change Of Control
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- Definition Discounted to the redemption rate
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- Definition Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the required periodic payments applied to principal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of debt outstanding by type or by instrument at that time.
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- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date.
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- Definition Amount borrowed under the credit facility as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the conditions for borrowing under the credit facility including the nature of any restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Increase for additional borrowings on the credit facility during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt maturing in year five following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt maturing in year four following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt maturing in year three following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed of determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt maturing in year two following the date of the latest balance sheet presented in the financial statements, which may include maturities of long-term debt, sinking fund requirements, and other securities redeemable at fixed or determinable prices and dates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the noncurrent portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of debt not otherwise defined (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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