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
Jun. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 263.3 $ 195.2
Accounts receivable, net 259.1 329.0
Inventories 529.2 436.5
Supplies and other inventories 252.9 289.1
Derivative assets 45.1 78.6
Other current assets 316.3 321.6
TOTAL CURRENT ASSETS 1,665.9 1,650.0
PROPERTY, PLANT AND EQUIPMENT, NET 11,189.6 11,207.3
OTHER ASSETS    
Investments in ventures 68.7 135.8
Goodwill 157.2 167.4
Intangible assets, net 115.0 129.0
Deferred income taxes 202.8 91.8
Other non-current assets 195.7 193.6
TOTAL OTHER ASSETS 739.4 717.6
TOTAL ASSETS 13,594.9 13,574.9
CURRENT LIABILITIES    
Accounts payable 306.6 555.5
Accrued expenses 425.4 442.6
Income taxes payable 107.1 28.3
Current portion of debt 0 94.1
Deferred revenue 20.8 35.9
Derivative liabilities 88.6 13.2
Other current liabilities 206.1 211.9
TOTAL CURRENT LIABILITIES 1,154.6 1,381.5
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES 586.9 618.3
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS 235.8 252.8
DEFERRED INCOME TAXES 1,098.2 1,108.1
LONG-TERM DEBT 3,323.3 3,960.7
OTHER LIABILITIES 412.3 492.6
TOTAL LIABILITIES 6,811.1 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 - 153,121,032 shares (2012 - 142,495,902 shares) 19.8 18.5
Capital in excess of par value of shares 2,024.3 1,774.7
Retained earnings 3,401.9 3,217.7
Cost of 6,424,437 common shares in treasury (2012 - 6,699,567 shares) (306.5) (322.6)
Accumulated other comprehensive loss (239.6) (55.6)
TOTAL CLIFFS SHAREHOLDERS' EQUITY 5,631.2 4,632.7
NONCONTROLLING INTEREST 1,152.6 1,128.2
TOTAL EQUITY 6,783.8 5,760.9
TOTAL LIABILITIES AND EQUITY $ 13,594.9 $ 13,574.9