Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

v2.4.0.6
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 12 Months Ended
Dec. 31, 2012
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of Accumulated other comprehensive income (loss) within Cliffs shareholders’ equity and related tax effects allocated to each are shown below as of December 31, 2012, 2011 and 2010:
 
(In Millions)
 
Pre-tax
Amount
 
Tax
Benefit
(Provision)
 
After-tax
Amount
As of December 31, 2010:
 
 
 
 
 
Postretirement benefit liability
$
(452.0
)
 
$
146.9

 
$
(305.1
)
Foreign currency translation adjustments
329.9

 
(15.2
)
 
314.7

Unrealized net gain on derivative financial instruments
3.9

 
(1.2
)
 
2.7

Unrealized gain on securities
46.9

 
(13.3
)
 
33.6

 
$
(71.3
)
 
$
117.2

 
$
45.9

As of December 31, 2011:
 
 
 
 
 
Postretirement benefit liability
$
(615.9
)
 
$
207.0

 
$
(408.9
)
Foreign currency translation adjustments
312.5

 
—

 
312.5

Unrealized net gain on derivative financial instruments
1.7

 
(0.5
)
 
1.2

Unrealized gain on securities
2.5

 
0.1

 
2.6

 
$
(299.2
)
 
$
206.6

 
$
(92.6
)
As of December 31, 2012:
 
 
 
 
 
Postretirement benefit liability
$
(576.7
)
 
$
194.0

 
$
(382.7
)
Foreign currency translation adjustments
316.3

 
—

 
316.3

Unrealized net gain on derivative financial instruments
12.4

 
(3.7
)
 
8.7

Unrealized gain on securities
3.3

 
(1.2
)
 
2.1

 
$
(244.7
)
 
$
189.1

 
$
(55.6
)
Schedule of Comprehensive Income (Loss)
The following table reflects the changes in Accumulated other comprehensive income (loss) related to Cliffs shareholders’ equity for 2012, 2011 and 2010:
 
(In Millions)
 
Postretirement Benefit Liability, net of tax
 
Unrealized Net Gain (Loss) on Securities, net of tax
 
Unrealized Net Gain on Foreign Currency Translation
 
Net Unrealized Gain on Derivative Financial Instruments, net of tax
 
Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2009
$
(319.1
)
 
$
29.4

 
$
163.1

 
$
4.0

 
$
(122.6
)
Change during 2010
$
14.0

 
$
4.2

 
$
151.6

 
$
(1.3
)
 
$
168.5

Balance December 31, 2010
$
(305.1
)
 
$
33.6

 
$
314.7

 
$
2.7

 
$
45.9

Change during 2011
$
(103.8
)
 
$
(31.0
)
 
$
(2.2
)
 
$
(1.5
)
 
$
(138.5
)
Balance December 31, 2011
$
(408.9
)
 
$
2.6

 
$
312.5

 
$
1.2

 
$
(92.6
)
Change during 2012
26.2

 
(0.5
)
 
3.8

 
7.5

 
37.0

Balance December 31, 2012
$
(382.7
)
 
$
2.1

 
$
316.3

 
$
8.7

 
$
(55.6
)