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

Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

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



	(In Millions)
	September 30, 2012		December 31, 2011
ASSETS HELD FOR SALE
Cash and cash equivalents	$	3.2	$	2.3
Accounts receivable	10.1		16.3
Inventories	20.3		18.8
Other current assets	8.1		2.0
Property, plant and equipment, net	114.9		120.5
Assets held for sale	$	156.6	$	159.9

LIABILITIES HELD FOR SALE
Accounts payable	$	19.4	$	15.6
Accrued expenses	1.1		1.5
Environmental and mine closure obligations	9.2		8.8
Liabilities held for sale	$	29.7	$	25.9

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



	(In Millions)
	Three Months Ended September 30,					Nine Months Ended September 30,
	2012			2011		2012		2011
REVENUES FROM PRODUCT SALES AND SERVICES
Product	$	42.6		$	53.7	$	141.6	$	171.6

INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax	$	(2.7	)	$	0.7	$	5.2	$	22.4

- 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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