Cleveland-Cliffs Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

The following table indicates the value of each of the major classes of our consolidated depreciable assets as of March 31, 2015 and December 31, 2014:



	(In Millions)
	March 31, 2015			December 31, 2014
Land rights and mineral rights	$	500.5		$	500.5
Office and information technology	69.7			73.7
Buildings	59.8			59.8
Mining equipment	584.9			585.1
Processing equipment	512.7			510.2
Electric power facilities	44.2			46.8
Land improvements	24.8			24.7
Other	54.7			55.0
Construction in-progress	20.7			14.4
	1,872.0			1,870.2
Allowance for depreciation and depletion	(824.8		)	(799.7		)
	$	1,047.2		$	1,070.5

We recorded depreciation and depletion expense of $28.7 million and $67.7 million in the Statements of Unaudited Condensed Consolidated Operations for the three months ended March 31, 2015 and March 31, 2014, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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