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.