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

Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of Segment Reporting Information, by Segment


	(In Millions)
	Three Months Ended June 30,						Six Months Ended June 30,
	2011			2010			2011			2010
Revenues from product sales and services:
U.S. Iron Ore	$	885.2	49%	$	604.0	51%	$	1,395.3	47%	$	988.4	52%
Eastern Canadian Iron Ore		297.6	16%		110.8	9%		424.9	14%		183.7	10%
North American Coal		159.7	9%		116.2	10%		324.7	11%		197.3	10%
Asia Pacific Iron Ore		381.6	21%		309.4	26%		727.0	24%		468.9	25%
Other		81.7	5%		43.9	4%		117.1	4%		73.7	4%

Total revenues from product sales and services for reportable segments	$	1,805.8	100%	$	1,184.3	100%	$	2,989.0	100%	$	1,912.0	100%


Sales margin:
U.S. Iron Ore	$	441.1		$	179.8		$	802.4		$	281.3
Eastern Canadian Iron Ore		68.5			28.7			103.0			36.7
North American Coal		(14.8)			23.0			(17.7)			12.4
Asia Pacific Iron Ore		205.0			169.1			400.8			212.8
Other		31.0			14.1			41.0			21.5

Sales margin		730.8			414.7			1,329.5			564.7
Other operating expense		(113.9)			(48.9)			(171.4)			(85.5)
Other income (expense)		(27.7)			(14.1)			(6.6)			19.7

Income from continuing operations before income taxes and equity income (loss) from ventures	$	589.2		$	351.7		$	1,151.5		$	498.9


Depreciation, depletion and amortization:
U.S. Iron Ore	$	22.2		$	15.7		$	39.5		$	27.5
Eastern Canadian Iron Ore		30.1			14.4			39.9			25.6
North American Coal		20.8			11.3			42.4			23.0
Asia Pacific Iron Ore		24.9			40.3			48.9			66.2
Other		7.4			6.8			14.5			12.8

Total depreciation, depletion and amortization	$	105.4		$	88.5		$	185.2		$	155.1


Capital additions (1):
U.S. Iron Ore	$	55.7		$	19.2		$	87.3		$	27.2
Eastern Canadian Iron Ore		60.7			3.2			64.2			4.6
North American Coal		28.5			9.8			56.0			13.9
Asia Pacific Iron Ore		58.0			12.5			83.3			20.2
Other		3.5			2.2			6.6			4.8

Total capital additions	$	206.4		$	46.9		$	297.4		$	70.7

(1) Includes capital lease additions and non-cash accruals.

Schedule of Summary of Assets, by Segment


	(In Millions)
	June 30, 2011		December 31, 2010
Segment Assets:
U.S. Iron Ore	$	1,807.6	$	1,537.1
Eastern Canadian Iron Ore		7,525.6		629.6
North American Coal		1,625.4		1,623.8
Asia Pacific Iron Ore		1,429.2		1,195.3
Other		1,021.3		1,257.8

Total segment assets		13,409.1		6,243.6
Corporate		262.6		1,534.6

Total assets	$	13,671.7	$	7,778.2

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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