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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document And Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Business Summary And Significant Accounting Policies (Policy)
Notes Tables
Notes Details

Lease Obligations (Future Minimum Lease Payments) (Details)

v2.4.0.6

Lease Obligations (Future Minimum Lease Payments) (Details) (USD $)
In Millions, unless otherwise specified

Dec. 31, 2011

$ 87.1

60.2

55.2

44.0

28.9

2017 and thereafter, Capital Leases

73.4

Total minimum lease payments, Capital Leases

348.8

Amounts representing interest

64.2

Present value of net minimum lease payments

284.6

^[1]

2012, Operating Leases

24.2

2013, Operating Leases

23.9

2014, Operating Leases

18.9

2015, Operating Leases

12.0

2016, Operating Leases

7.8

2017 and thereafter, Operating Leases

25.0

Total minimum lease payments, Operating Leases

111.8

Other Current Liabilities [Member]

Present value of net minimum lease payments

71.8

Other Liabilities [Member]

Present value of net minimum lease payments

$ 212.8

[1]	The total is comprised of $71.8 million and $212.8 million classified as Other current liabilities and Other liabilities, respectively, on the Statements of Consolidated Financial Position at December 31, 2011.

- Definition

The total of contractually required rental payments on leases meeting the criteria for capitalization.

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Amount necessary to reduce net minimum lease payments to present value calculated at the lesser of the interest rate implicit in the lease (if known) or the entity's incremental borrowing rate (as defined) at inception of the lease.

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