XML 159 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements Of Consolidated Changes In Equity (USD $)
In Millions, except Share data, unless otherwise specified
Common Shares [Member]
Capital In Excess of Par Value of Shares [Member]
Retained Earnings [Member]
Common Shares in Treasury [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Non- Controlling Interest [Member]
Total
Beginning Balance at Dec. 31, 2008 $ 16.8 $ 442.2 $ 1,799.9 $ (113.8) $ (394.6) $ 3.3 $ 1,753.8
Beginning Balance (in shares) at Dec. 31, 2008 113,500,000            
Comprehensive income              
Net income     205.1       205.1
Other comprehensive income (loss), net of tax              
Pension and OPEB liability         24.2 (2.4) 21.8
Unrealized net gain on marketable securities         29.5   29.5
Unrealized net gain on foreign currency translation         231.7   231.7
Unrealized gain on interest rate swap         1.7   1.7
Reclassification of net gains on derivative financial instruments into net income         (15.1)   (15.1)
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS           (2.4) 474.7
Purchase of subsidiary shares from noncontrolling interest           0.1 0.1
Undistributed losses to noncontrolling interest           (7.5) (7.5)
Capital contribution by noncontrolling interest to subsidiary           0.7 0.7
Equity Offering (in shares) 17,300,000            
Equity Offering (value)   254.5   92.8     347.3
Purchase of additional noncontrolling interest   (5.4)         (5.4)
Stock and other incentive plans (in shares) 200,000            
Stock and other incentive plans   4.1   0.9     5.0
Conversion of preferred stock       0.2     0.2
Common stock dividends     (31.9)       (31.9)
Ending Balance at Dec. 31, 2009 16.8 695.4 1,973.1 (19.9) (122.6) (5.8) 2,537.0
Ending Balance (in shares) at Dec. 31, 2009 131,000,000            
Comprehensive income              
Net income     1,019.9       1,019.9
Other comprehensive income (loss), net of tax              
Pension and OPEB liability         14.0 0.8 14.8
Unrealized net gain on marketable securities         4.2   4.2
Unrealized net gain on foreign currency translation         151.6   151.6
Reclassification of net gains on derivative financial instruments into net income         (3.2)   (3.2)
Unrealized gain on derivative instruments         1.9   1.9
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS           0.8 1,189.2
Purchase of subsidiary shares from noncontrolling interest           (0.5) (0.5)
Undistributed losses to noncontrolling interest           (4.7) (4.7)
Capital contribution by noncontrolling interest to subsidiary           3.0 3.0
Purchase of additional noncontrolling interest   (1.6)         (1.6)
Acquisition of controlling interest (in shares) 4,200,000            
Acquisition of controlling interest 0.5 172.6         173.1
Stock and other incentive plans (in shares) 300,000            
Stock and other incentive plans   19.4   (7.3)     12.1
Common stock dividends     (68.9)       (68.9)
Other   10.5   (10.5)      
Ending Balance at Dec. 31, 2010 17.3 896.3 2,924.1 (37.7) 45.9 (7.2) 3,838.7
Ending Balance (in shares) at Dec. 31, 2010 135,500,000           135,456,999
Comprehensive income              
Net income     1,619.1     193.5 1,812.6
Other comprehensive income (loss), net of tax              
Pension and OPEB liability         (103.8) (17.6) (121.4)
Unrealized net gain on marketable securities         (31.0)   (31.0)
Unrealized net gain on foreign currency translation         (2.2)   (2.2)
Reclassification of net gains on derivative financial instruments into net income         (3.3)   (3.3)
Unrealized gain on derivative instruments         1.8   1.8
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO CLIFFS SHAREHOLDERS           175.9 1,656.5
Purchase of subsidiary shares from noncontrolling interest           4.5 4.5
Capital contribution by noncontrolling interest to subsidiary   0.2       6.1 6.3
Share buyback (in shares) (4,000,000)            
Share buyback       (289.8)     (289.8)
Equity Offering (in shares) 10,300,000            
Equity Offering (value) 1.2 852.5         853.7
Acquisition of controlling interest           1,075.4 1,075.4
Stock and other incentive plans (in shares) 200,000            
Stock and other incentive plans   21.8   (8.5)     13.3
Common stock dividends     (118.9)       (118.9)
Ending Balance at Dec. 31, 2011 $ 18.5 $ 1,770.8 $ 4,424.3 $ (336.0) $ (92.6) $ 1,254.7 $ 7,039.7
Ending Balance (in shares) at Dec. 31, 2011 142,000,000           142,021,718