Annual report pursuant to Section 13 and 15(d)

SEGMENT REPORTING (Tables)

v2.4.0.8
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information, By Segment
The following table presents a summary of our reportable segments for the years ended December 31, 2013, 2012, and 2011 including a reconciliation of segment sales margin to Income (Loss) from Continuing Operations Before Income Taxes and Equity Income (Loss) from Ventures:
 
(In Millions)
 
2013
 
2012
 
2011
Revenues from product sales and services:
 
 
 
 
 
 
 
 
 
 
 
U.S. Iron Ore
$
2,667.9

 
47
 %
 
$
2,723.3

 
46
%
 
$
3,509.9

 
53
%
Eastern Canadian Iron Ore
978.7

 
17
 %
 
1,008.9

 
17
%
 
1,178.1

 
18
%
Asia Pacific Iron Ore
1,224.3

 
22
 %
 
1,259.3

 
22
%
 
1,363.5

 
21
%
North American Coal
821.9

 
14
 %
 
881.1

 
15
%
 
512.1

 
8
%
Other (including inter-segment revenue eliminations)
(1.4
)
 
—
 %
 
0.1

 
—
%
 
0.3

 
—
%
Total revenues from product sales and services
$
5,691.4

 
100
 %
 
$
5,872.7

 
100
%
 
$
6,563.9

 
100
%
 
 
 
 
 
 
 
 
 
 
 
 
Sales margin:
 
 
 
 
 
 
 
 
 
 
 
U.S. Iron Ore
$
901.9

 
 
 
$
976.2

 
 
 
$
1,679.3

 
 
Eastern Canadian Iron Ore
(103.3
)
 
 
 
(121.4
)
 
 
 
290.9

 
 
Asia Pacific Iron Ore
367.1

 
 
 
311.0

 
 
 
699.5

 
 
North American Coal
(14.5
)
 
 
 
(1.8
)
 
 
 
(58.4
)
 
 
Other (including inter-segment sales margin eliminations)
(1.9
)
 
 
 
8.1

 
 
 
(0.4
)
 
 
Sales margin
1,149.3

 
 
 
1,172.1

 
 
 
2,610.9

 
 
Other operating income (expense)
(478.3
)
 
 
 
(1,480.9
)
 
 
 
(314.1
)
 
 
Other income (expense)
(181.7
)
 
 
 
(193.0
)
 
 
 
(106.3
)
 
 
Income (loss) from continuing operations before income taxes and equity income (loss) from ventures
$
489.3

 
 
 
$
(501.8
)
 
 
 
$
2,190.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation, depletion and amortization:
 
 
 
 
 
 
 
 
 
 
 
U.S. Iron Ore
$
120.3

 
 
 
$
100.9

 
 
 
$
86.2

 
 
Eastern Canadian Iron Ore
178.5

 
 
 
160.2

 
 
 
124.6

 
 
Asia Pacific Iron Ore
153.7

 
 
 
151.9

 
 
 
100.9

 
 
North American Coal
128.9

 
 
 
98.2

 
 
 
86.5

 
 
Other
11.9

 
 
 
14.6

 
 
 
28.7

 
 
Total depreciation, depletion and amortization
$
593.3

 
 
 
$
525.8

 
 
 
$
426.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capital additions (1):
 
 
 
 
 
 
 
 
 
 
 
U.S. Iron Ore
$
53.3

 
 
 
$
168.8

 
 
 
$
191.4

 
 
Eastern Canadian Iron Ore
625.5

 
 
 
865.2

 
 
 
303.1

 
 
Asia Pacific Iron Ore
13.0

 
 
 
87.7

 
 
 
262.0

 
 
North American Coal
55.0

 
 
 
144.1

 
 
 
181.0

 
 
Other
5.5

 
 
 
69.5

 
 
 
23.4

 
 
Total capital additions
$
752.3

 
 
 
$
1,335.3

 
 
 
$
960.9

 
 
                                         
(1)    Includes capital lease additions and non-cash accruals. Refer to NOTE 21 - CASH FLOW INFORMATION.
Summary of Assets by Segment
A summary of assets by segment is as follows:
 
(In Millions)
 
December 31,
2013
 
December 31, 2012
 
December 31, 2011
Assets:
 
 
 
 
 
U.S. Iron Ore
$
1,671.6

 
$
1,735.1

 
$
1,691.8

Eastern Canadian Iron Ore
7,915.5

 
7,605.1

 
7,973.1

Asia Pacific Iron Ore
1,078.4

 
1,506.3

 
1,511.2

North American Coal
1,841.8

 
1,877.8

 
1,814.4

Other
455.6

 
570.9

 
1,017.6

Total segment assets
12,962.9

 
13,295.2

 
14,008.1

Corporate
159.0

 
279.7

 
533.6

Total assets
$
13,121.9

 
$
13,574.9

 
$
14,541.7

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
Included in the consolidated financial statements are the following amounts relating to geographic location:
 
(In Millions)
 
2013
 
2012
 
2011
Revenue
 
 
 
 
 
United States
$
1,857.6

 
$
2,108.5

 
$
2,774.1

China
1,909.4

 
2,008.2

 
2,114.5

Canada
871.2

 
728.1

 
914.3

Other countries
1,053.2

 
1,027.9

 
761.0

Total revenue
$
5,691.4

 
$
5,872.7

 
$
6,563.9

Property, Plant and Equipment, Net
 
 
 
 
 
United States
$
2,721.6

 
$
2,795.3

 
$
2,684.9

Australia
751.0

 
1,042.4

 
1,017.8

Canada
7,680.8

 
7,369.6

 
6,701.4

Total Property, Plant and Equipment, Net
$
11,153.4

 
$
11,207.3

 
$
10,404.1

Revenue from External Customers by Products and Services
The following table represents the percentage of our total revenue contributed by each category of products and services in 2013, 2012, and 2011:
 
 
2013
 
2012
 
2011
Revenue Category
 
 
 
 
 
 
Iron ore
 
80
%
 
81
%
 
88
%
Coal
 
13
%
 
13
%
 
8
%
Freight and venture partners’ cost reimbursements
 
7
%
 
6
%
 
4
%
Total revenue
 
100
%
 
100
%
 
100
%