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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information, By Segment | The following tables present a summary of our reportable segments for the years ended December 31, 2014, 2013 and 2012, including a reconciliation of segment sales margin to Income (Loss) from Continuing Operations Before Income Taxes and Equity Income (Loss) from Ventures and a reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA:
| (In Millions)
| 2014 |  | 2013 |  | 2012
Revenues from product sales and services: |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 2,506.5 |  |  | 54% |  | $ | 2,667.9 |  |  | 47% |  | $ | 2,723.3 |  |  | 46%
Asia Pacific Iron Ore | 866.7 |  |  | 19% |  | 1,224.3 |  |  | 22% |  | 1,259.3 |  |  | 22%
North American Coal | 687.1 |  |  | 15% |  | 821.9 |  |  | 14% |  | 881.1 |  |  | 15%
Eastern Canadian Iron Ore | 563.4 |  |  | 12% |  | 978.7 |  |  | 17% |  | 1,008.9 |  |  | 17%
Other (including inter-segment revenue eliminations) | — |  |  | —% |  | (1.4 | ) |  | —% |  | 0.1 |  |  | —%
Total revenues from product sales and services | $ | 4,623.7 |  |  | 100% |  | $ | 5,691.4 |  |  | 100% |  | $ | 5,872.7 |  |  | 100%
Sales margin: |  |  |  |  |  |  |  |  |  |  |
U.S. Iron Ore | $ | 710.4 |  |  |  |  | $ | 901.9 |  |  |  |  | $ | 976.2 |  |  |
Asia Pacific Iron Ore | 121.7 |  |  |  |  | 367.1 |  |  |  |  | 311.0 |  |  |
North American Coal | (135.8 | ) |  |  |  | (14.5 | ) |  |  |  | (1.8 | ) |  |
Eastern Canadian Iron Ore | (244.9 | ) |  |  |  | (103.3 | ) |  |  |  | (121.4 | ) |  |
Other (including inter-segment sales margin eliminations) | — |  |  |  |  | (1.9 | ) |  |  |  | 8.1 |  |  |
Sales margin | 451.4 |  |  |  |  | 1,149.3 |  |  |  |  | 1,172.1 |  |  |
Other operating income (expense) | (9,896.7 | ) |  |  |  | (478.3 | ) |  |  |  | (1,480.9 | ) |  |
Other income (expense) | (158.4 | ) |  |  |  | (181.7 | ) |  |  |  | (193.0 | ) |  |
Income (loss) from continuing operations before income taxes and equity income (loss) from ventures | $ | (9,603.7 | ) |  |  |  | $ | 489.3 |  |  |  |  | $ | (501.8 | ) |  |
| (In Millions)
| 2014 |  | 2013 |  | 2012
Net Income (Loss) | $ | (8,311.6 | ) |  | $ | 361.8 |  |  | $ | (1,126.6 | )
Less: |  |  |  |  |
Interest expense, net | (185.2 | ) |  | (179.1 | ) |  | (195.6 | )
Income tax benefit (expense) | 1,302.0 |  |  | (55.1 | ) |  | (255.9 | )
Depreciation, depletion and amortization | (504.0 | ) |  | (593.3 | ) |  | (525.8 | )
EBITDA | $ | (8,924.4 | ) |  | $ | 1,189.3 |  |  | $ | (149.3 | )
Less: |  |  |  |  |
Impairment of goodwill and other long-lived assets | $ | (9,029.9 | ) |  | $ | (250.8 | ) |  | $ | (1,049.9 | )
Impairment of equity method investment | — |  |  | — |  |  | (365.4 | )
Loss on sale of Cliffs Logan County Coal | (419.6 | ) |  | — |  |  | — |
Wabush mine impact | (158.7 | ) |  | (72.7 | ) |  | (30.1 | )
Bloom Lake mine impact | (137.9 | ) |  | 46.5 |  |  | 6.4 |
Foreign exchange remeasurement | 30.7 |  |  | 64.0 |  |  | (3.2 | )
Proxy contest and change in control costs in SG&A | (26.6 | ) |  | — |  |  | — |
Litigation judgment | (96.3 | ) |  | (9.6 | ) |  | — |
Severance in SG&A | (15.8 | ) |  | (16.4 | ) |  | — |
Total Adjusted EBITDA | $ | 929.7 |  |  | $ | 1,428.3 |  |  | $ | 1,292.9 |
EBITDA: |  |  |  |  |
U.S. Iron Ore | $ | 805.6 |  |  | $ | 1,000.1 |  |  | $ | 1,045.3 |
Asia Pacific Iron Ore | (369.8 | ) |  | 500.4 |  |  | 387.3 |
North American Coal | (1,326.8 | ) |  | 129.5 |  |  | 74.0 |
Eastern Canadian Iron Ore | (7,673.9 | ) |  | (192.8 | ) |  | (1,103.3 | )
Other | (359.5 | ) |  | (247.9 | ) |  | (552.6 | )
Total EBITDA | $ | (8,924.4 | ) |  | $ | 1,189.3 |  |  | $ | (149.3 | )
Adjusted EBITDA: |  |  |  |  |
U.S. Iron Ore | $ | 831.2 |  |  | $ | 1,030.8 |  |  | $ | 1,085.6 |
Asia Pacific Iron Ore | 264.6 |  |  | 525.7 |  |  | 402.1 |
North American Coal | (28.5 | ) |  | 154.0 |  |  | 106.7 |
Eastern Canadian Iron Ore | — |  |  | — |  |  | — |
Other | (137.6 | ) |  | (282.2 | ) |  | (301.5 | )
Total Adjusted EBITDA | $ | 929.7 |  |  | $ | 1,428.3 |  |  | $ | 1,292.9 |
| (In Millions)
| 2014 |  | 2013 |  | 2012
Depreciation, depletion and amortization: |  |  |  |  |
U.S. Iron Ore | $ | 107.4 |  |  | $ | 120.3 |  |  | $ | 100.9 |
Asia Pacific Iron Ore | 145.9 |  |  | 153.7 |  |  | 151.9 |
North American Coal | 106.9 |  |  | 128.9 |  |  | 98.2 |
Eastern Canadian Iron Ore | 135.6 |  |  | 178.5 |  |  | 160.2 |
Other | 8.2 |  |  | 11.9 |  |  | 14.6 |
Total depreciation, depletion and amortization | $ | 504.0 |  |  | $ | 593.3 |  |  | $ | 525.8 |
Capital additions 1: |  |  |  |  |
U.S. Iron Ore | $ | 48.4 |  |  | $ | 53.3 |  |  | $ | 168.8 |
Asia Pacific Iron Ore | 10.8 |  |  | 13.0 |  |  | 87.7 |
North American Coal | 28.8 |  |  | 55.0 |  |  | 144.1 |
Eastern Canadian Iron Ore | 141.2 |  |  | 625.5 |  |  | 865.2 |
Other | 6.3 |  |  | 5.5 |  |  | 69.5 |
Total capital additions | $ | 235.5 |  |  | $ | 752.3 |  |  | $ | 1,335.3 |
1 Includes capital lease additions and non-cash accruals. Refer to NOTE 17 - CASH FLOW INFORMATION.
Summary of Assets by Segment | A summary of assets by segment is as follows:
| (In Millions)
| December 31, 2014 |  | December 31, 2013 |  | December 31, 2012
Assets: |  |  |  |  |
U.S. Iron Ore | $ | 1,598.3 |  |  | $ | 1,671.6 |  |  | $ | 1,735.1 |
Asia Pacific Iron Ore | 274.6 |  |  | 1,078.4 |  |  | 1,506.3 |
North American Coal | 274.2 |  |  | 1,841.8 |  |  | 1,877.8 |
Eastern Canadian Iron Ore | 305.8 |  |  | 7,915.5 |  |  | 7,605.1 |
Other | 164.3 |  |  | 455.6 |  |  | 570.9 |
Total segment assets | 2,617.2 |  |  | 12,962.9 |  |  | 13,295.2 |
Corporate | 546.8 |  |  | 159.0 |  |  | 279.7 |
Total assets | $ | 3,164.0 |  |  | $ | 13,121.9 |  |  | $ | 13,574.9 |
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)
| 2014 |  | 2013 |  | 2012
Revenue |  |  |  |  |
United States | $ | 2,139.4 |  |  | $ | 1,857.6 |  |  | $ | 2,108.5 |
China | 1,049.0 |  |  | 1,909.4 |  |  | 2,008.2 |
Canada | 439.1 |  |  | 871.2 |  |  | 728.1 |
Other countries | 996.2 |  |  | 1,053.2 |  |  | 1,027.9 |
Total revenue | $ | 4,623.7 |  |  | $ | 5,691.4 |  |  | $ | 5,872.7 |
Property, Plant and Equipment, Net |  |  |  |  |
United States | $ | 1,093.7 |  |  | $ | 2,721.6 |  |  | $ | 2,795.3 |
Australia | 72.4 |  |  | 751.0 |  |  | 1,042.4 |
Canada | 248.8 |  |  | 7,680.8 |  |  | 7,369.6 |
Total Property, Plant and Equipment, Net | $ | 1,414.9 |  |  | $ | 11,153.4 |  |  | $ | 11,207.3 |
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 2014, 2013, and 2012:
|  | 2014 |  | 2013 |  | 2012
Revenue Category |  |  |  |  |  |
Iron ore |  | 78 | % |  | 80 | % |  | 81 | %
Coal |  | 12 | % |  | 13 | % |  | 13 | %
Freight and venture partners’ cost reimbursements |  | 10 | % |  | 7 | % |  | 6 | %
Total revenue |  | 100 | % |  | 100 | % |  | 100 | %

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