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

Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS (Tables)

DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations, Statements of Consolidated Financial Position and Statements of Consolidated Operations Information

The following table presents Statements of Consolidated Financial Position data of the Sonoma operations:



	(In Millions)
	December 31,
	2012		2011
ASSETS HELD FOR SALE
Cash and cash equivalents	$	—	$	2.3
Accounts receivable	—		16.3
Inventories	—		18.8
Other current assets	—		2.0
Property, plant and equipment, net	—		120.5
Assets held for sale	$	—	$	159.9

LIABILITIES HELD FOR SALE
Accounts payable	$	—	$	15.6
Accrued expenses	—		1.5
Environmental and mine closure obligations	—		8.8
Liabilities held for sale	$	—	$	25.9

The following table presents detail of our operations related to our Sonoma operations in the Statements of Consolidated Operations:



	(In Millions)
	Year Ended December 31,
	2012			2011		2010
REVENUES FROM PRODUCT SALES AND SERVICES
Product	$	151.6		$	230.4	$	198.3

GAIN ON SALE FROM DISCONTINUED OPERATIONS, net of tax	38.0			—		—
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax	(2.1		)	38.6		25.6
INCOME (LOSS) and GAIN ON SALE FROM DISCONTINUED OPERATIONS, net of tax	$	35.9		$	38.6	$	25.6

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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