Annual report pursuant to Section 13 and 15(d)

GOODWILL AND OTHER INTANGIBLE ASSETS AND LIABILITIES (Tables)

betfred sportsbook|Welcome_assets for each of the v3.3.1.900
betfred sportsbook
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Goodwill
The following table summarizes changes in the carrying amount of goodwill allocated by operating segment for the years ended December 31, 2015 and December 31, 2014:
 
(In Millions)
 
December 31, 2015
 
December 31, 2014
 
U.S. Iron Ore
 
Asia Pacific
Iron Ore
 
Total
 
U.S. Iron Ore
 
Asia Pacific Iron Ore
 
Total
Beginning Balance
$
2.0

 
$
—

 
$
2.0

 
$
2.0

 
$
72.5

 
$
74.5

Impairment
—

 
—

 
—

 
—

 
(73.5
)
 
(73.5
)
Impact of foreign currency translation
—

 
—

 
—

 
—

 
1.0

 
1.0

Ending Balance
$
2.0

 
$
—

 
$
2.0

 
$
2.0

 
$
—

 
$
2.0

Accumulated goodwill impairment loss
$
—

 
$
(73.5
)
 
$
(73.5
)
 
$
—

 
$
(73.5
)
 
$
(73.5
)
Schedule Of Finite-Lived Intangible Assets By Major Class
Following is a summary of intangible assets and liabilities as of December 31, 2015 and December 31, 2014:
 
 
 
(In Millions)
 
 
 
December 31, 2015
 
December 31, 2014
 
Classification
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Permits
Other non-current assets
 
$
78.4

 
$
(20.2
)
 
$
58.2

 
$
79.2

 
$
(16.5
)
 
$
62.7

betfred sportsbookTotal intangible assets
 
 
$
78.4

 
$
(20.2
)
 
$
58.2

 
$
79.2

 
$
(16.5
)
 
$
62.7

Below-market sales contracts
Other current liabilities
 
$
(23.1
)
 
$
—

 
$
(23.1
)
 
$
(23.0
)
 
$
—

 
$
(23.0
)
Below-market sales contracts
Other liabilities
 
(205.8
)
 
205.8

 
—

 
(205.9
)
 
182.8

 
(23.1
)
Total below-market sales contracts
 
 
$
(228.9
)
 
$
205.8

 
$
(23.1
)
 
$
(228.9
)
 
$
182.8

 
$
(46.1
)
Estimated Amortization Expense Relating To Intangible Assets
The estimated amortization expense relating to intangible assets for each of the five succeeding years is as follows:
(In Millions)

Amount
Year Ending December 31

2016
3.8

2017
4.3

2018
4.1

2019
3.5

2020
2.5

Total
$
18.2