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Inventories
9 Months Ended
Sep. 30, 2012
Inventory Disclosure [Abstract]  
Inventories
NOTE 4 - INVENTORIES
The following table presents the detail of our Inventories in the Statements of Unaudited Condensed Consolidated Financial Position as of September 30, 2012 and December 31, 2011:

(In Millions)

September 30, 2012
 
December 31, 2011
Segment
Finished Goods
 
Work-in Process
 
Total Inventory
 
Finished Goods
 
Work-in
Process
 
Total
Inventory
U.S. Iron Ore
$
182.7

 
$
46.8

 
$
229.5

 
$
100.2

 
$
8.5

 
$
108.7

Eastern Canadian Iron Ore
77.7

 
37.6

 
115.3

 
96.2

 
43.0

 
139.2

Asia Pacific Iron Ore
21.7

 
41.8

 
63.5

 
57.2

 
21.6

 
78.8

North American Coal
57.7

 
60.7

 
118.4

 
19.7

 
110.5

 
130.2

Total
$
339.8

 
$
186.9

 
$
526.7

 
$
273.3

 
$
183.6

 
$
456.9


At our North American Coal operating segment, we recorded lower of cost or market inventory charges of $8.0 million and $17.9 million in Cost of goods sold and operating expenses in the Statements of Unaudited Condensed Consolidated Operations for the three and nine months ended September 30, 2012, respectively, due to market prices for coal. No lower of cost or market inventory adjustments were recorded for the three and nine months ended September 30, 2011.