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, 2012

Schedule Of Segment Reporting Information, By Segment


	(In Millions)
	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
Revenues from product sales and services:
U.S. Iron Ore	$	705.0	43%	$	885.2	49%	$	1,146.7	40%	$	1,395.3	47%
Eastern Canadian Iron Ore		303.9	19%		297.6	16%		524.6	18%		424.9	14%
North American Coal		209.2	13%		159.7	9%		399.2	14%		324.7	11%
Asia Pacific Iron Ore		361.3	22%		381.6	21%		721.1	25%		727.0	24%
Other		46.6	3%		81.7	5%		99.1	3%		117.1	4%

Total revenues from product sales and services for reportable segments	$	1,626.0	100%	$	1,805.8	100%	$	2,890.7	100%	$	2,989.0	100%


Sales margin:
U.S. Iron Ore	$	286.1		$	441.1		$	452.9		$	802.4
Eastern Canadian Iron Ore		11.7			68.0			(2.6)			102.5
North American Coal		(9.6)			(14.8)			5.0			(17.7)
Asia Pacific Iron Ore		146.8			205.0			271.9			400.8
Other		14.3			32.3			25.6			43.1

Sales margin		449.3			731.6			752.8			1,331.1
Other operating expense		(84.0)			(113.8)			(156.4)			(171.2)
Other expense		(47.6)			(28.0)			(91.1)			(7.1)

Income from continuing operations before income taxes and equity loss from ventures	$	317.7		$	589.8		$	505.3		$	1,152.8


Depreciation, depletion and amortization:
U.S. Iron Ore	$	23.8		$	22.2		$	47.0		$	39.5
Eastern Canadian Iron Ore		38.6			31.5			76.5			41.3
North American Coal		24.3			20.8			44.4			42.4
Asia Pacific Iron Ore		39.8			24.9			69.8			48.9
Other		5.6			7.4			11.7			14.5

Total depreciation, depletion and amortization	$	132.1		$	106.8		$	249.4		$	186.6


Capital additions (1):
U.S. Iron Ore	$	28.1		$	55.7		$	62.9		$	87.3
Eastern Canadian Iron Ore		177.3			60.7			307.9			64.2
North American Coal		32.7			28.5			71.8			56.0
Asia Pacific Iron Ore		16.9			58.0			126.2			83.3
Other		11.1			3.5			50.7			6.6

Total capital additions	$	266.1		$	206.4		$	619.5		$	297.4

(1) Includes capital lease additions and non-cash accruals. Refer to NOTE 20 – CASH FLOW INFORMATION

Summary Of Assets By Segment

A summary of assets by segment is as follows:


	(In Millions)
	June 30, 2012		December 31, 2011
Segment assets:
U.S. Iron Ore	$	1,915.4	$	1,691.8
Eastern Canadian Iron Ore		8,138.3		7,973.1
North American Coal		1,908.2		1,814.4
Asia Pacific Iron Ore		1,859.4		1,511.2
Other		1,045.2		1,017.6

Total segment assets		14,866.5		14,008.1
Corporate		327.8		533.6

Total assets	$	15,194.3	$	14,541.7

- 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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