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Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity and Comprehensive Income

锘� v2.3.0.11
Shareholders' Equity and Comprehensive Income
6 Months Ended
Jun. 30, 2011
Shareholders' Equity and Comprehensive Income
Shareholders' Equity and Comprehensive Income

NOTE 15 鈥� SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME

The following table reflects the changes in shareholders' equity attributable to both Cliffs and the noncontrolling interests primarily related to Bloom Lake, Tilden, Empire and renewaFUEL, of which Cliffs owns听75 percent,听85 percent,听79 percent and听95 percent, respectively, for the six months ended June听30, 2011.

听听 (In Millions)
听听 Cliffs
听听听听Shareholders'听听听听
Equity
听听 Non-
听听听听听听Controlling听听听听听听
Interest
听听 Total
Equity

December听31, 2010

听听 听听$ 3,845.9听听 听听 听听 听听$ (7.2)听 听听 听听 听听$ 听听3,838.7听听 听听

Comprehensive income

听听 听听 听听

Net income

听听 831.1听听 听听 听听 18.2听听 听听 听听 849.3听听 听听

Other comprehensive income

听听 50.1听听 听听 听听 0.9听听 听听 听听 51.0听听 听听
听听 听听 听听

Total comprehensive income

听听 881.2听听 听听 听听 19.1听听 听听 听听 900.3听听 听听

Equity offering

听听 853.7听听 听听 听听 -听听听听 听听 听听 853.7听听 听听

Purchase of additional noncontrolling interest

听听 0.3听听 听听 听听 -听听听听 听听 听听 0.3听听 听听

Stock and other incentive plans

听听 3.1听听 听听 听听 -听听听听 听听 听听 3.1听听 听听

Common stock dividends

听听 (38.0)听 听听 听听 -听听听听 听听 听听 (38.0)听 听听

Purchase of subsidiary shares from noncontrolling interest

听听 -听听听听 听听 听听 4.5听听 听听 听听 4.5听听 听听

Undistributed gains to noncontrolling interest

听听 -听听听听 听听 听听 9.6听听 听听 听听 9.6听听 听听

Capital contribution by noncontrolling interest to subsidiary

听听 -听听听听 听听 听听 0.2听听 听听 听听 0.2听听 听听

Acquisition of controlling interest

听听 -听听听听 听听 听听 947.6听听 听听 听听 947.6听听 听听
听听 听听 听听

June听30, 2011

听听 听听$ 5,546.2听听 听听 听听 听听$ 973.8听听 听听 听听 听听$ 听听6,520.0听听 听听
听听 听听 听听

The following are the components of comprehensive income for the three and six months ended June听30, 2011 and 2010:

听听 (In Millions)
听听 Three Months
Ended June听30,
听听 Six Months
Ended June听30,
听听 2011 听听 2010 听听 2011 听听 2010

Net income attributable to Cliffs shareholders

听听 听听$ 407.7听听 听听 听听 听听$ 260.7听听 听听 听听 听听$ 831.1听听 听听 听听 听听$ 338.1听听 听听

Other comprehensive income:

听听 听听 听听 听听

Unrealized net loss on marketable securities - net of tax

听听 (19.0)听 听听 听听 (4.3)听 听听 听听 (19.2)听 听听 听听 (14.2)听 听听

Foreign currency translation

听听 42.9听听 听听 听听 (73.4)听 听听 听听 57.5听听 听听 听听 (44.3)听 听听

Amortization of net periodic benefit cost - net of tax

听听 0.4听听 听听 听听 4.4听听 听听 听听 8.6听听 听听 听听 43.0听听 听听

Reclassification of net gains on derivative financial instruments into net income

听听 (1.3)听 听听 听听 (1.6)听 听听 听听 (1.7)听 听听 听听 (3.2)听 听听

Unrealized gain on derivative financial instruments

听听 3.0听听 听听 听听 -听听听听 听听 听听 4.9听听 听听 听听 -听听听听 听听
听听 听听 听听 听听

Total other comprehensive income

听听 26.0听听 听听 听听 (74.9)听 听听 听听 50.1听听 听听 听听 (18.7)听 听听
听听 听听 听听 听听

Total comprehensive income

听听 听听$ 听听听听433.7听听 听听 听听 听听$ 听听听听185.8听听 听听 听听 听听$ 听听听听881.2听听 听听 听听 听听$ 听听听听319.4听听 听听
听听 听听 听听 听听