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

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2012


	(In Millions)
	June 30, 2012												December 31, 2011 ⁽¹⁾
	U.S.		Eastern Canadian		North American		Asia Pacific						U.S.		Eastern Canadian		North American		Asia Pacific
	Iron Ore		Iron Ore		Coal		Iron Ore		Other		Total		Iron Ore		Iron Ore		Coal		Iron Ore		Other		Total
Beginning Balance	$	2.0	$	986.2	$	-	$	83.0	$	80.9	$	1,152.1	$	2.0	$	3.1	$	27.9	$	82.6	$	80.9	$	196.5
Arising in business combinations		-		13.8		-		-		-		13.8		-		983.5		(0.1)		-		-		983.4
Impairment		-		-		-		-		-		-		-		-		(27.8)		-		-		(27.8)
Impact of foreign currency translation		-		-		-		0.2		-		0.2		-		-		-		0.4		-		0.4
Other		-		-		-		-		-		-		-		(0. 4)		-		-		-		(0.4)

Ending Balance	$	2.0	$	1,000.0	$	-	$	83.2	$	80.9	$	1,166.1	$	2.0	$	986.2	$	-	$	83.0	$	80.9	$	1,152.1

(1) Represents a 12-Month rollforward of our goodwill by reportable unit at December 31, 2011.


	(In Millions)
		June 30, 2012						December 31, 2011
	Classification	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-lived intangible assets:
Permits	Intangible assets, net	$	134.5	$	(26.8)	$	107.7	$	134.3	$	(23.2)	$	111.1
Utility contracts	Intangible assets, net		54.7		(26.9)		27.8		54.7		(21.3)		33.4
Leases	Intangible assets, net		5.5		(3.1)		2.4		5.5		(3.0)		2.5

Total intangible assets		$	194.7	$	(56.8)	$	137.9	$	194.5	$	(47.5)	$	147.0

Below-market sales contracts	Other current liabilities	$	(46.0)	$	-	$	(46.0)	$	(77.0)	$	24.3	$	(52.7)
Below-market sales contracts	Below-market sales contracts		(250.7)		152.2		(98.5)		(252.3)		140.5		(111.8)

Total below-market sales contracts		$	(296.7)	$	152.2	$	(144.5)	$	(329.3)	$	164.8	$	(164.5)

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.