Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details
Uncategorized

LEASE OBLIGATIONS (Future Minimum Lease Payments) (Details)

v2.4.1.9

LEASE OBLIGATIONS (Future Minimum Lease Payments) (Details) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2014

Capital Leases

2014

$ 84.8us-gaap_CapitalLeasesFutureMinimumPaymentsDueCurrent

2015

34.1us-gaap_CapitalLeasesFutureMinimumPaymentsDueInTwoYears

2016

26.9us-gaap_CapitalLeasesFutureMinimumPaymentsDueInThreeYears

2017

20.4us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFourYears

Operating Leases, Future Minimum Payments, Due in Five Years

4.8us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFiveYears

2018 and thereafter

21.0us-gaap_CapitalLeasesFutureMinimumPaymentsDueThereafter

Total minimum lease payments

198.6us-gaap_CapitalLeasesFutureMinimumPaymentsDue

Amounts representing interest

31.3us-gaap_CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments

Present value of net minimum lease payments

167.3us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments

^[1]

Operating Leases

2014

12.0us-gaap_OperatingLeasesFutureMinimumPaymentsDueCurrent

2015

9.3us-gaap_OperatingLeasesFutureMinimumPaymentsDueInTwoYears

2016

8.4us-gaap_OperatingLeasesFutureMinimumPaymentsDueInThreeYears

2017

6.8us-gaap_OperatingLeasesFutureMinimumPaymentsDueInFourYears

2018 and thereafter

9.9us-gaap_OperatingLeasesFutureMinimumPaymentsDueThereafter

Total minimum lease payments

51.2us-gaap_OperatingLeasesFutureMinimumPaymentsDue

Capital Leases, Future Minimum Payments Due in Five Years

11.4us-gaap_CapitalLeasesFutureMinimumPaymentsDueInFiveYears

Other Current Liabilities [Member]

Capital Leases

Present value of net minimum lease payments

74.5us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
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Other Liabilities [Member]

Capital Leases

Present value of net minimum lease payments

$ 92.8us-gaap_CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
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[1]	The total is comprised of $74.5 million and $92.8 million classified as Current portion of capital leases and Other liabilities, respectively, in the Statements of Unaudited Condensed Consolidated Financial Position at December 31, 2014.

- Definition

Amount of minimum lease payments for capital leases.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

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- Definition

Amount of minimum lease payments for capital leases due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

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- Definition

Amount of minimum lease payments for capital leases due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

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- Definition

Amount of minimum lease payments for capital leases due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

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- Definition

Amount of minimum lease payments for capital leases due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

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- Definition

Amount of minimum lease payments for capital leases due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

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- Definition

Amount of minimum lease payments for capital leases due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References

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- Definition

Amount necessary to reduce net minimum lease payments to present value for capital leases.

+ References

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- Definition

Present value of minimum lease payments for capital leases net of executory costs, including amounts paid by the lessee to the lessor for insurance, maintenance and taxes.

+ References

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- Definition

Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 20

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 10

-Section 55

-Paragraph 40

-Subparagraph (Note 3)

-URI http://asc.fasb.org/extlink&oid=6584154&loc=d3e38371-112697

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Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

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