Lease Obligations (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | 1 Months Ended | |||||||||
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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Oct. 31, 2011
North America Coal [Member]
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Dec. 31, 2011
North America Coal [Member]
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Dec. 31, 2011
Corporate [Member]
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Dec. 31, 2011
Eastern Canadian Iron Ore, North American Coal and Other segments [Member]
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Dec. 31, 2011
Eastern Canadian Iron Ore [Member]
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Dec. 31, 2011
U.S. Iron Ore [Member]
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Dec. 31, 2011
North American Coal [Member]
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Dec. 31, 2011
Asia Pacific Iron Ore [Member]
|
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Operating lease expense | $ 26.3 | $ 24.2 | $ 25.5 | ||||||||
Capital lease assets | 406.0 | 283.2 | |||||||||
Capital leases assets accumulated amortization | 110.6 | 92.7 | |||||||||
Sale leaseback transaction, lease terms |
In October 2011, our North American Coal segment entered into the second phase of the sale-leaseback arrangement initially executed in December 2010 for the sale of the new longwall plow system at our Pinnacle mine in West Virginia. The first and second phases of the leaseback arrangement are for a period of five years. The 2010 sale-leaseback arrangement was specific to the assets at the time of the agreement and did not include the longwall plow system assets. Both phases of the leaseback arrangement have been accounted for as a capital lease. We recorded assets and liabilities under the capital lease of $75.9 million, reflecting the lower of the present value of the minimum lease payments or the fair value of the asset. |
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Capital lease, assets and liabilities | 75.9 | ||||||||||
Total minimum capital lease payments | 348.8 | 71.6 | 1.0 | 105.5 | 9.7 | 161.0 | |||||
Total minimum operating lease payments | $ 111.8 | $ 38.7 | $ 10.7 | $ 40.4 | $ 22.0 |
X | ||||||||||
- Definition
Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The total gross amount less the charge for the use of the long-lived depreciable assets subject to a lease meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total of contractually required rental payments on leases meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The total charge for the use of long-lived depreciable assets subject to a lease meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
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X | ||||||||||
- Definition
The total of future contractually required payments on leases defined as operating. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
A description of the terms of the lease(s) related to the assets being leased-back in connection with the transaction involving the sale of property to another party and the lease of the property back to the seller. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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