Cleveland-Cliffs Inc. Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2011


	(In Millions)
	Pre-tax Amount			Tax Benefit (Provision)			After-tax Amount
As of December 31, 2009:
Postretirement benefit liability	$	(451.9	)	$	132.8		$	(319.1	)
Foreign currency translation adjustments		163.1			—			163.1
Unrealized net gain on derivative financial instruments		5.7			(1.7	)		4.0
Unrealized loss on securities		43.1			(13.7	)		29.4

	$	(240.0	)	$	117.4		$	(122.6	)

As of December 31, 2010:
Postretirement benefit liability	$	(452.0	)	$	146.9		$	(305.1	)
Foreign currency translation adjustments		329.9			(15.2	)		314.7
Unrealized net gain on derivative financial instruments		3.9			(1.2	)		2.7
Unrealized gain on securities		46.9			(13.3	)		33.6

	$	(71.3	)	$	117.2		$	45.9

As of December 31, 2011:
Postretirement benefit liability	$	(615.9	)	$	207.0		$	(408.9	)
Foreign currency translation adjustments		312.5			—			312.5
Unrealized net gain on derivative financial instruments		1.7			(0.5	)		1.2
Unrealized gain on securities		2.5			0.1			2.6

	$	(299.2	)	$	206.6		$	(92.6	)


	Postretirement Benefit Liability			Unrealized Net Gain (Loss) on Securities			Foreign Currency Translation			Interest Rate Swap			Net Gain (Loss) on Derivative Financial Instruments			Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2008	$	(343.3	)	$	(0.1	)	$	(68.6	)	$	(1.7	)	$	19.1		$	(394.6	)
Change during 2009		24.2			29.5			231.7			1.7			(15.1	)		272.0

Balance December 31, 2009		(319.1	)		29.4			163.1			—			4.0			(122.6	)
Change during 2010		14.0			4.2			151.6			—			(1.3	)		168.5

Balance December 31, 2010		(305.1	)		33.6			314.7			—			2.7			45.9
Change during 2011		(103.8	)		(31.0	)		(2.2	)		—			(1.5	)		(138.5	)

Balance December 31, 2011	$	(408.9	)	$	2.6		$	312.5		$	—		$	1.2		$	(92.6	)