Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Financial Position

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Statements Of Condensed Consolidated Financial Position (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 287.2 $ 195.2
Accounts receivable, net 272.3 329.0
Inventories 630.1 436.5
Supplies and other inventories 270.0 289.1
Derivative assets 66.4 78.6
Other current assets 297.9 321.6
TOTAL CURRENT ASSETS 1,823.9 1,650.0
PROPERTY, PLANT AND EQUIPMENT, NET 11,236.3 11,207.3
OTHER ASSETS    
Investments in ventures 131.8 135.8
Goodwill 167.6 167.4
Intangible assets, net 124.5 129.0
Deferred income taxes 137.3 91.8
Other non-current assets 200.5 193.6
TOTAL OTHER ASSETS 761.7 717.6
TOTAL ASSETS 13,821.9 13,574.9
CURRENT LIABILITIES    
Accounts payable 299.9 555.5
Accrued expenses 470.5 442.6
Income taxes payable 81.5 28.3
Current portion of debt 0 94.1
Deferred revenue 22.9 35.9
Other current liabilities 226.6 225.1
TOTAL CURRENT LIABILITIES 1,101.4 1,381.5
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 600.0 618.3
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 240.4 252.8
DEFERRED INCOME TAXES 1,114.4 1,108.1
LONG-TERM DEBT 3,433.0 3,960.7
OTHER LIABILITIES 473.7 492.6
TOTAL LIABILITIES 6,962.9 7,814.0
COMMITMENTS AND CONTINGENCIES (SEE NOTE 19)      
CLIFFS SHAREHOLDERS' EQUITY    
Preferred Stock - no par value, Class A - 3,000,000 shares authorized, 7 % Series A Mandatory Convertible, Class A, no par value and $1,000 per share liquidation preference (See Note 15), Issued and Outstanding - 731,250 shares (2012 - none) 731.3 0
Common Shares - par value $0.125 per share, Authorized - 400,000,000 shares (2012- 400,000,000 shares); Issued - 159,545,469 shares (2012 - 149,195,469 shares); Outstanding - 153,095,702 shares (2012 - 142,495,902 shares) 19.8 18.5
Capital in excess of par value of shares 2,020.9 1,774.7
Retained earnings 3,291.7 3,217.7
Cost of 6,449,767 common shares in treasury (2012 - 6,699,567 shares) (307.7) (322.6)
Accumulated other comprehensive loss (51.4) (55.6)
TOTAL CLIFFS SHAREHOLDERS' EQUITY 5,704.6 4,632.7
NONCONTROLLING INTEREST 1,154.4 1,128.2
TOTAL EQUITY 6,859.0 5,760.9
TOTAL LIABILITIES AND EQUITY $ 13,821.9 $ 13,574.9