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

Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Segment Reporting Information, By Segment


	(In Millions)
	2011					2010					2009
Revenues from product sales and services:
U.S Iron Ore	$	3,509.9		52	%	$	2,443.7		52	%	$	1,211.6		52	%
Eastern Canadian Iron Ore		1,178.1		17	%		477.7		10	%		236.2		10	%
North American Coal		512.1		8	%		438.2		9	%		207.2		9	%
Asia Pacific Iron Ore		1,363.5		20	%		1,123.9		24	%		542.1		23	%
Other		230.7		3	%		198.6		4	%		144.9		6	%

Total revenues from product sales and services for reportable segments	$	6,794.3		100	%	$	4,682.1		100	%	$	2,342.0		100	%

Sales margin:
U.S. Iron Ore	$	1,679.3				$	788.4				$	213.2
Eastern Canadian Iron Ore		290.9					133.6					62.3
North American Coal		(58.4	)				(28.6	)				(71.9	)
Asia Pacific Iron Ore		699.5					566.2					87.2
Other		77.3					66.9					20.9

Sales margin		2,688.6					1,526.5					311.7
Other operating expense		(340.0	)				(256.3	)				(75.6	)
Other income (expense)		(107.1	)				32.8					60.4

Income from continuing operations before income taxes and equity income (loss) from ventures	$	2,241.5				$	1,303.0				$	296.5

Depreciation, depletion and amortization:
U.S. Iron Ore	$	86.2				$	61.7				$	67.4
Easten Canadian Iron Ore		124.6					41.9					6.9
North American Coal		86.5					60.4					38.2
Asia Pacific Iron Ore		100.9					133.9					110.6
Other		28.7					24.4					13.5

Total depreciation, depletion and amortization	$	426.9				$	322.3				$	236.6

Capital additions (1):
U.S. Iron Ore	$	191.4				$	84.7				$	42.6
Eastern Canadian Iron Ore		303.1					18.8					—
North American Coal		181.0					89.5					20.8
Asia Pacific Iron Ore		262.0					53.6					96.2
Other		23.4					29.2					8.6

Total capital additions	$	960.9				$	275.8				$	168.2

Assets:
U.S. Iron Ore	$	1,691.8				$	1,537.1
Eastern Canadian Iron Ore		7,973.1					629.6
North American Coal		1,814.4					1,623.8
Asia Pacific Iron Ore		1,511.2					1,195.3
Other		1,017.6					1,257.8

Total segment assets		14,008.1					6,243.6
Corporate		533.6					1,534.6

Total assets	$	14,541.7				$	7,778.2

(1)	Includes capital lease additions.

Schedule Of Revenue And Long Lived Assets By Geographic Location


	(In Millions)
	2011		2010		2009
Revenue (1)
United States	$	2,774.1	$	1,966.3	$	1,049.5
China		2,123.4		1,262.0		711.5
Canada		914.3		696.5		236.6
Japan		460.4		311.1		157.4
Other countries		522.1		446.2		187.0

Total revenue	$	6,794.3	$	4,682.1	$	2,342.0

Property, Plant and Equipment, Net
United States	$	2,684.9	$	2,498.8
Australia		1,138.3		973.7
Canada		6,701.4		506.7

Total Property, Plant and Equipment, Net	$	10,524.6	$	3,979.2

(1)	Revenue is attributed to countries based on the location of the customer and includes both Product sales and services.

Schedule Of Concentrations In Revenue


	2011			2010			2009
Revenue Category
Iron ore		85	%		81	%		81	%
Coal		11			13			14
Freight and venture partners' cost reimbursements		4			6			5

Total revenue		100	%		100	%		100	%

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- 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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