Ak Steel Holding (AKS) 10-K 23 Feb 10 2009 FY Annual report Financial data

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED STATEMENTS OF OPERATIONS
Net sales	4076.8	7644.3	$7,003
Cost of products sold (exclusive of items shown below)	3749.6	6491.1	5,919
Selling and administrative expenses	192.7	223.6	223.5
Depreciation	204.6	202.1	196.3
Other operating items:
Pension corridor charge	0	660.1	0
Curtailment charges	0	39.4	39.8
Total operating costs	4146.9	7616.3	6378.6
Operating profit (loss)	-70.1	28	624.4
Interest expense	37	46.5	68.3
Interest income	2.7	10.5	32.2
Other income (expense)	6.4	1.6	3.7
Income (loss) before income taxes	(98)	-6.4	592
Income tax provision (benefit) due to state law changes	5.1	0	-11.4
Income tax provision (benefit)	-25.1	-10.9	215
Total income tax provision (benefit)	(20)	-10.9	203.6
Net income (loss)	(78)	4.5	388.4
Less: Net income (loss) attributable to noncontrolling interests	-3.4	0.5	0.7
Net income (loss) attributable to AK Steel Holding Corporation	-74.6	$4	387.7
Basic earnings per share:
Net income (loss) per share attributable to AK Steel Holding Corporation	-0.68	0.04	3.5
Diluted earnings per share:
Net income (loss) per share attributable to AK Steel Holding Corporation	-0.68	0.04	3.46

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)
In Millions	Dec. 31, 2009	Dec. 31, 2008
Current Assets:
Cash and cash equivalents	461.7	562.7
Accounts receivable, net	463.1	469.9
Inventory, net	416.7	566.8
Deferred tax asset, current	223.9	333
Other current assets	64.7	70.4
Total Current Assets	1630.1	2002.8
Property, Plant and Equipment	5385.1	5282.1
Accumulated depreciation	-3409.1	-3220.8
Property, plant and equipment, net	1,976	2061.3
Other Assets:
Investment in AFSG Holdings, Inc.	55.6	55.6
Other investments	52.1	50.4
Goodwill	37.1	37.1
Other intangible assets	0.2	0.3
Deferred tax asset, non-current	514.7	459.1
Other non-current assets	8.9	15.4
Total Non-current Assets	668.6	617.9
TOTAL ASSETS	4274.7	4,682
Current Liabilities:
Accounts payable	438.9	348.1
Accrued liabilities	157	233
Current portion of long-term debt	0.7	0.7
Current portion of pension and other postretirement benefit obligations	144.1	152.4
Total Current Liabilities	740.7	734.2
Non-current Liabilities:
Long-term debt	605.8	632.6
Pension and other postretirement benefit obligations	1856.2	2144.2
Other non-current liabilities	191.9	200.3
Total Non-current Liabilities	2653.9	2977.1
TOTAL LIABILITIES	3394.6	3711.3
Stockholders' Equity:
Preferred stock, authorized 25,000,000 shares	0	0
Common stock, authorized 200,000,000 shares of $0.01 par value each; issued 2009, 121,881,816 shares, 2008, 121,105,429 shares; outstanding 2009, 109,394,455 shares, 2008, 110,394,774 shares	1.2	1.2
Additional paid-in capital	1911.4	1898.9
Treasury stock, common shares at cost, 2009, 12,487,361 shares; 2008, 10,710,655 shares	-162.2	-150.8
Accumulated deficit	-1037.5	-940.9
Accumulated other comprehensive income	167.9	159.6
Total AK Steel Holding Corporation Stockholders' Equity	880.8	968
Noncontrolling interest	-0.7	2.7
TOTAL STOCKHOLDERS' EQUITY	880.1	970.7
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	4274.7	$4,682

Parenthetical Data for the Bala

Parenthetical Data for the Balance Sheet (USD $)
	Dec. 31, 2009	Dec. 31, 2008
Stockholders' Equity:
Preferred stock, authorized shares	25,000,000	25,000,000
Common stock, authorized shares	200,000,000	200,000,000
Common stock, par value	0.01	0.01
Common stock, issued shares	121,881,816	121,105,429
Common stock, outstanding shares	109,394,455	110,394,774
Treasury stock, common shares at cost	12,487,361	10,710,655

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash flows from operating activities:
Net income (loss)	($78)	4.5	388.4
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Depreciation	204.6	202.1	196.3
Amortization	12.1	11.8	14.8
Provision for doubtful accounts	7.2	0.5	2.7
Deferred income taxes	47.3	-27.8	127.2
Contributions to pension trust	(210)	(225)	(250)
Pension corridor charge	0	660.1	0
Curtailment charges	0	39.4	39.8
Contributions to Middletown retirees VEBA	(65)	(468)	0
Excess tax benefits from stock-based compensation	0	-12.2	-6.5
Other operating items, net	82.5	-10.8	0.9
Changes in assets and liabilities:
Accounts receivable	(1)	203	21
Inventories	150.1	84	204.5
Accounts payable and other current liabilities	-8.5	-254.6	41.1
Accounts payable and other current liabilities-Middletown Coke	-1.9	2.2	0
Other assets	10.2	-27.3	-1.3
Other assets-Middletown Coke	-0.1	0	0
Pension asset and obligation	49.9	1.1	2.1
Postretirement benefit obligation	-108.5	-87.1	-69.3
Other liabilities	-32.1	-12.8	-8.8
Total adjustments	136.8	78.6	314.5
Net cash flows from operating activities	58.8	83.1	702.9
Cash flows from investing activities:
Capital investments	-109.5	-166.8	-104.4
Capital investments - Middletown Coke	(24)	-47.7	0
Proceeds from the sale of property, plant and equipment	0.5	8.4	0.3
Proceeds from draw on restricted funds for emission control expenditures	0	0	2.5
Proceeds from note receivable from equity investments	0	0	27.4
Purchase of investments	0	-12.1	-12.3
Restricted cash to collateralize letter of credit	0	0	12.6
Other investing items, net	-0.4	0.4	0.9
Net cash flows from investing activities	-133.4	-217.8	(73)
Cash flows from financing activities:
Redemption of long-term debt	-23.5	-26.9	(450)
Fees related to new credit facility or new debt	0	0	-2.6
Proceeds from exercise of stock options	0.5	3.4	9.2
Purchase of treasury stock	-11.4	(24)	-2.4
Excess tax benefits from stock-based compensation	0	12.2	6.5
Common stock dividends paid	(22)	-22.4	0
Advances from noncontrolling interest owner to Middletown Coke	29	45.5	0
Other financing items, net	1	(4)	3.6
Net cash flows from financing activities	-26.4	-16.2	-435.7
Net increase (decrease) in cash and cash equivalents	(101)	-150.9	194.2
Cash and cash equivalents, beginning of year	562.7	713.6	519.4
Cash and cash equivalents, end of year	461.7	562.7	713.6

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Millions	Common Stock	Additional Paid-In-Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income/(Loss)	Noncontrolling Interest	Total
Beginning Balance at Dec. 31, 2006	1.2	1841.4	-124.4	-1296.1	-5.1	2.6	419.6
Adjustment to initially apply ASC Topic 740				-6.7			-6.7
Net income (loss) attributable to AK Steel Holding Corporation				387.7			387.7
Change in unamortized performance shares		3.2					3.2
Change in unamortized stock options		1.9					1.9
Issuance of restricted stock, net		4.7					4.7
Change in unamortized restricted stock		-0.5					-0.5
Unrealized gain on marketable securities, net of tax					0.1		0.1
Stock options exercised		9.2					9.2
Tax benefit (provision) from common stock compensation		7.7					7.7
Purchase of treasury stock			-2.4				-2.4
Derivative instrument hedges, net of tax					0.2		0.2
Foreign currency translation adjustment, net of tax					3.6		3.6
Pension and OPEB adjustment, net of tax					49		49
Non-controlling interest-Net income (loss)						0.7	0.7
Non-controlling interest-Dividends						-0.7	-0.7
Ending Balance at Dec. 31, 2007	1.2	1867.6	-126.8	-915.1	47.8	2.6	877.3
Net income (loss) attributable to AK Steel Holding Corporation				4			4
Two-month change in pension/OPEB measurement date, net of tax				-7.4			-7.4
Change in unamortized performance shares		5.1					5.1
Change in unamortized stock options		1.9					1.9
Issuance of restricted stock, net		5.5					5.5
Change in unamortized restricted stock		(1)					(1)
Unrealized gain on marketable securities, net of tax					-4.1		-4.1
Stock options exercised		3.4					3.4
Tax benefit (provision) from common stock compensation		16.4					16.4
Purchase of treasury stock			(24)				(24)
Derivative instrument hedges, net of tax					(31)		(31)
Foreign currency translation adjustment, net of tax					(4)		(4)
Pension and OPEB adjustment, net of tax					150.9		150.9
Common stock dividends				-22.4			-22.4
Non-controlling interest-Net income (loss)						0.5	0.5
Non-controlling interest-Dividends						-0.4	-0.4
Ending Balance at Dec. 31, 2008	1.2	1898.9	-150.8	-940.9	159.6	2.7	970.7
Net income (loss) attributable to AK Steel Holding Corporation				-74.6			-74.6
Change in unamortized performance shares		5.7					5.7
Change in unamortized stock options		2					2
Issuance of restricted stock, net		3					3
Issuance of restricted stock units		0.8					0.8
Change in unamortized restricted stock		1.6					1.6
Unrealized gain on marketable securities, net of tax					2.3		2.3
Stock options exercised		0.5					0.5
Tax benefit (provision) from common stock compensation		-1.1					-1.1
Purchase of treasury stock			-11.4				-11.4
Derivative instrument hedges, net of tax					27.7		27.7
Foreign currency translation adjustment, net of tax					1		1
Pension and OPEB adjustment, net of tax					-22.7		-22.7
Common stock dividends				(22)			(22)
Non-controlling interest-Net income (loss)						-3.4	-3.4
Ending Balance at Dec. 31, 2009	1.2	1911.4	-162.2	-1037.5	167.9	-0.7	880.1

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income (loss) attributable to AK Steel Holding Corporation	-74.6	$4	387.7
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustment, net of tax	1	(4)	3.6
Derivative instrument hedges, mark to market:
Losses arising in period	-12.4	-20.5	-8.6
Less: Reclassification of (gains) losses included in net income	40.1	-10.5	8.9
Unrealized gains (losses) on securities:
Unrealized holding gains (losses) arising during period	2.3	-4.1	0.1
Pension and OPEB adjustment	-22.7	153.6	49
Comprehensive income (loss)	-66.3	118.5	440.6

NOTE 1: Summary of Significant

NOTE 1: Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Summary of Significant Accounting Policies	NOTE 1 - Summary of Significant Accounting Policies Basis of Presentation: These financial statements consolidate the operations and accounts of AK Steel Holding Corporation (AK Holding), its 100%-owned subsidiary AK Steel Corporation (AK Steel, and together with AK Holding, the Company), all subsidiaries in which the Company has a controlling interest, and Middletown Coke Company, Inc. (Middletown Coke), which is a variable interest entity whose financial results are required to be consolidated with the results of the Company according to FASB Accounting Standards Codification (ASC) Topic 810, Consolidation.The Company also operates European trading companies that buy and sell steel and steel products and other materials. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of management estimates and assumptions that affect the amounts reported.These estimates are based on historical experience and information that is available to management about current events and actions the Company may take in the future.Significant items subject to estimates and assumptions include the carrying value of long-lived assets; valuation allowances for receivables, inventories and deferred income tax assets; legal and environmental liabilities; and assets and obligations related to employee benefit plans.There can be no assurance that actual results will not differ from these estimates. Costs of Products Sold:Cost of products sold for the Company consists primarily of raw materials, energy costs and supplies consumed in the manufacturing process, manufacturing labor, contract labor and direct overhead expense necessary to manufacture the finished steel product as well as distribution and warehousing costs.The Companys proportionate share of the income (loss) of investments in associated companies that are accounted for under the equity method is also included in costs of products sold since these operations are integrated with the Companys overall steelmaking operations. Revenue Recognition: Revenue from sales of products is recognized at the time title and the risks and rewards of ownership pass.This is when the products are shipped per customers instructions, the sales price is fixed and determinable, and collection is reasonably assured. Cash Equivalents: Cash equivalents include short-term, highly liquid investments that are readily convertible to known amounts of cash and are of an original maturity of three months or less. Supplemental Disclosure of Cash Flow Information: 2009 2008 2007 Cash paid (received) during the period for: Interest (net of interest capitalized) $ 49.7 $ 48.6 $ 79.3 Income taxes (24.0 ) 57.1 39.1 Supplemental Cash Flow Information Regarding Non-Cash Investing and Financing Activities: The Company granted common stock to certain employees and/or restricted stock units to directors with values, net of cancellations, of $3.8, $5.5 and $4.6 in 2009, 2008 and 2007, respectively, under its restricted stock a

NOTE 2: Pension and Other Postr

NOTE 2: Pension and Other Postretirement Benefits
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Pension and Other Postretirement Benefits	NOTE 2 - Pension and Other Postretirement Benefits The Company provides noncontributory pension and various healthcare and life insurance benefits to most employees and retirees.The major pension plans are not fully funded and, based on current assumptions, the Company plans to contribute approximately $105.0 to the master pension trust during 2010.Of this total, $75.0 was made in the first quarter of 2010, leaving approximately $30.0 to be made during the remainder of 2010.The Company made $210.0 in contributions during 2009.As of December 31, 2009, the Company expects approximately $152.1 in other postretirement benefit payments in 2010.These payments will be offset by an estimate of $7.1 in Medicare Part D Employer Subsidy.The schedules below include amounts calculated based on a benefit obligation and asset valuation measurement dates of December 31, 2009 and 2008, respectively. Pension Benefits Other Benefits 2009 2008 2009 2008 Change in benefit obligations: Benefit obligations at beginning of year $ 3,517.5 $ 3,716.8 $ 981.5 $ 1,941.2 Adjustment due to change in measurement date 36.8 19.3 Service cost 3.7 8.1 4.0 4.4 Interest cost 207.7 212.9 55.2 72.5 Plan participants contributions 25.5 31.9 Actuarial loss (gain) 161.0 (53.7 ) (13.9 ) (74.8 ) Amendments (0.3 ) 10.2 (368.3 ) Curtailments (22.3 ) Settlement (0.1 ) Contributions to Middletown retirees VEBA (65.0 ) (468.0 ) Benefits paid (394.7 ) (391.3 ) (110.7 ) (176.7 ) Benefit obligations at end of year $ 3,494.8 $ 3,517.5 $ 876.6 $ 981.5 Change in plan assets: Fair value of plan assets at beginning of year $ 2,201.6 $ 2,939.1 $ 0.8 $ 23.7 Actual (loss) gain on plan assets 346.2 (573.0 ) Employer contributions 217.1 226.8 85.4 121.9 Settlement (0.1 ) Plan participants contributions 25.5 31.9 Benefits paid (394.7 ) (391.3 ) (110.7 ) (176.7 ) Fair value of plan assets at end of year $ 2,370.1 $ 2,201.6 $ 1.0 $ 0.8 Funded status $ (1,124.7 ) $ (1,315.9 ) $ (875.6 ) $ (980.7 ) Amounts recognized in the consolidated balance sheets as of December 31: Current liabilities $ (4.7 ) $ (1.9 ) $ (139.4 ) $ (150.5 ) Noncurrent liabilities (1,120.0 ) (1,314.0 ) (736.2 ) (830.2 ) Net amount recognized $ (1,124.7 ) $ (1,315.9 ) $ (875.6 ) $ (980.7 ) Amounts recognized in accumulated other comprehensive income as of December 31: Actuarial loss $ 317.1 $ 344.2 $ (64.2 ) $ (53.7 ) Prior service cost (credit) 16.1 19.4 (539.2 ) (618.1 )

NOTE 3: Share-based Compensatio

NOTE 3: Share-based Compensation
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Share-based Compensation	NOTE 3 - Share-Based Compensation The AK Steel Holding Corporation Stock Incentive Plan (the SIP) permits the granting of nonqualified stock option, restricted stock, performance share and restricted stock unit awards to directors, officers and key management employees of the Company.These nonqualified option, restricted stock, performance share and restricted stock unit awards may be granted with respect to an aggregate maximum of 16million shares through the period ending December 31, 2014.The shares that are issued as the result of these grants are newly issued shares. The exercise price of each option may not be less than the market price of the Companys common stock on the date of the grant.Stock options have a maximum term of ten years and may not be exercised earlier than six months following the date of grant or such other term as may be specified in the award agreement. Stock options granted to officers and key managers vest and become exercisable in three equal installments on the first, second and third anniversary of the grant date.Stock options granted to directors vest and become exercisable after one year.On July 16, 2009, however, the Board of AK Holding, upon the recommendation of its outside compensation consultant, approved a change to the Director compensation program which replaces the grants of stock options, which non-employee Directors previously received upon election to the Board and at five-year intervals thereafter, with ongoing quarterly awards of restricted stock units (RSUs) in the total annualized amount of thirty five thousand dollars.This change is prospective and will not affect the vesting of stock options granted prior to July 16, 2009.Performance shares vest after a three-year period.The total number of performance shares issued will be based on the Companys share performance compared to a prescribed compounded annual growth rate and the total share return compared to Standard and Poors MidCap 400 index.Restricted stock awards granted to officers and key managers on or prior to December 31, 2006, that are not yet fully vested were awarded on terms pursuant to which 25% of the shares covered by a restricted stock award vest two years after the date of the award and an additional 25% vest on the third, fourth and fifth anniversaries of the date of the award.Restricted stock awards granted to officers and key managers after December 31, 2006 will vest ratably on the first, second and third anniversaries of the grant.Until October 16, 2008, directors were granted restricted stock as the equity component of their compensation.On October 16, 2008, the Board of Directors amended the SIP to allow RSUs to be granted to non-employee Directors in lieu of restricted shares of common stock as the equity component of a Directors compensation.In addition, the Board of Directors permitted each Director a one-time election to convert all of his or her existing restricted stock to RSUs.To the extent not so converted, restricted stock issued to a Director prior to October 16, 2008 vests at the end of the Directors full tenure on the Board.New grants of RSUs vest immediately upon grant, but are not settled (i.e., pai

NOTE 4: Income Taxes

NOTE 4: Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Income Taxes	NOTE 4 - Income Taxes The Company and its subsidiaries file a consolidated federal income tax return.This return includes all domestic companies 80% or more owned by the Company and the proportionate share of the Companys interest in partnership investments.State tax returns are filed on a consolidated, combined or separate basis depending on the applicable laws relating to the Company and its domestic subsidiaries. The United States and foreign components of income (loss) before income taxes consist of the following: 2009 2008 2007 United States $ (94.7 ) $ (28.2 ) $ 572.2 Foreign (3.3 ) 21.8 19.8 Total $ (98.0 ) $ (6.4 ) $ 592.0 Significant components of the Companys deferred tax assets and liabilities at December 31, 2009 and 2008 are as follows: 2009 2008 Deferred tax assets: Net operating loss and tax credit carryforwards $ 192.5 $ 102.8 Postretirement benefit reserves 365.0 410.5 Pension reserves 422.8 423.9 Other reserves 89.1 140.5 Inventories 128.7 208.4 Valuation allowance (18.4 ) (16.9 ) Total deferred assets 1,179.7 1,269.2 Deferred tax liabilities: Depreciable assets (441.1 ) (477.1 ) Total deferred liabilities (441.1 ) (477.1 ) Net asset $ 738.6 $ 792.1 The deferred taxes outlined above include the income tax impact of temporary differences.Temporary differences represent the cumulative taxable or deductible amounts recorded in the consolidated financial statements in different years than recognized in the tax returns.The postretirement benefit difference includes amounts expensed in the consolidated financial statements for healthcare, life insurance and other postretirement benefits, which become deductible in the tax return upon payment or funding in qualified trusts.Other temporary differences represent principally various expenses accrued for financial reporting purposes which are not deductible for tax reporting purposes until paid.The inventory difference relates primarily to differences in the LIFO reserve and tax overhead capitalized in excess of book amounts.The depreciable assets temporary difference represents generally tax depreciation in excess of financial statement depreciation. At December 31, 2009, the Company had $406.6 in federal regular net operating loss carryforwards, and $464.1 in federal Alternative Minimum Tax (AMT) net operating loss carryforwards which will expire beginning in 2028.At December 31, 2009, the Company had unused AMT credit carryforwards of $16.7 and research and development (RD) credit carryforwards of $1.5, which may be used to offset future regular income tax liabilities.These unused AMT credits can be carried forward indefinitely and the RD credits can be carried forward 20 years. At December 31, 2009, the Company had $32.0 in deferred tax assets for state net operating loss carryforwards and tax credit carryforwards, which will expire between 2015 and 2029 and are subject to a

NOTE 5: Long-Term Debt and Othe

NOTE 5: Long-Term Debt and Other Financing
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Long-term Debt and Other Financing	NOTE 5 - Long-Term Debt and Other Financing At December 31, 2009 and 2008, the Companys long-term debt balances were as follows: 2009 2008 7 3/4% Senior Notes Due June 2012 504.0 530.4 Tax Exempt Financing Due 2010 through 2029 (variable rates of 0.25% to 4.0% in 2009) 103.0 103.7 Unamortized discount (0.5 ) (0.8 ) Total debt $ 606.5 $ 633.3 During the fourth quarter of 2008, the Company repurchased $19.6 of the $550.0 original par value of the Companys 7 3/4% senior notes due in 2012 with cash payments totaling $14.2.In connection with the 2008 repurchases, the Company incurred non-cash, pre-tax gains of approximately $5.4 in 2008.During 2009, the Company repurchased an additional $26.4 of those senior notes, with cash payments totaling $22.8.In connection with the 2009 repurchases, the Company incurred non-cash, pre-tax gains of approximately $3.6 in 2009.The repurchases were funded from the Companys existing cash balances. At December 31, 2009, the maturities of long-term debt (excluding unamortized discount) are as follows: 2010 0.7 2011 0.7 2012 504.8 2013 0.7 2014 0.7 2015 and thereafter 99.4 Total maturities $ 607.0 At December 31, 2009, the Company had $600.4 of availability under the Companys $850.0 five-year revolving credit facility.At December 31, 2009, there were no outstanding borrowings under the credit facility; however, availability was reduced by $136.9 due to outstanding letters of credit.The Companys obligation under its credit facility is secured by its inventory and accounts receivable.Thus, availability also may be reduced by a decline in the level of eligible collateral, which can fluctuate monthly under the terms of the credit facility.The Companys eligible collateral, after application of applicable advance rates, totaled $737.3 as of December 31, 2009.The Company has no significant scheduled debt payments due until June 2012 when its 7 3/4% senior notes are due.In addition, the Companys credit facility expires in February 2012. At December 31, 2008, the Company had $682.3 of availability under the Companys $850.0 five-year revolving credit facility.At December 31, 2008, there were no outstanding borrowings under the credit facility; however, availability was reduced by $167.7 due to outstanding letters of credit.Availability under the credit facility fluctuates monthly with the varying levels of eligible collateral.The Company used cash to redeem $12.1 of outstanding industrial revenue bonds in the fourth quarter of 2008 which were previously classified on the balance sheet in the Current portion of long-term debt.As a result of this redemption a supporting letter of credit was also eliminated.The redemption did not have an impact on the Companys overall liquidity position. The indentures governing the Companys 7 3/4% senior notes due in 2012, as well as the agreement governing its revolving credit facility, contain restrictions and covenants that can limit the Companys financial flexibility.The senior note indentures include restrictive covenants

NOTE 6: Operating Leases

NOTE 6: Operating Leases
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Operating Leases	NOTE 6 - Operating Leases Rental expense in net income was $23.1, $27.5 and $31.2 for 2009, 2008 and 2007, respectively. At December 31, 2009, obligations to make future minimum lease payments were as follows: 2010 $ 5.1 2011 4.6 2012 3.8 2013 3.6 2014 3.6 2015 and thereafter 14.8 The Company is leasing its corporate headquarters building in West Chester, Ohio, having moved into the building in August 2007.The initial term of the lease for the building is twelve years, with two five-year options to extend the lease. In late 2008, the Company entered into a ten-year operating lease with Infinity Rail for a fleet of privately-owned slab carrier railcars to enable the transportation of slabs directly from Butler Works to Middletown Works.

NOTE 7: Stockholders' Equity

NOTE 7: Stockholders' Equity
	1/1/2009 - 12/31/2009 USD / shares
Notes To Financial Statements [Abstract]
Stockholders' Equity	NOTE 7 - Stockholders Equity Preferred Stock:There are 25,000,000 shares authorized; no shares are issued or outstanding. Common Stock:The holders of common stock are entitled to receive dividends when and as declared by the Board of Directors out of funds legally available for distribution.The holders have one vote per share in respect of all matters and are not entitled to preemptive rights. Dividends:The payment of cash dividends is subject to a restrictive covenant contained in the instruments governing the Companys outstanding senior debt.The covenant allows the payment of dividends, if declared by the Board of Directors, and the redemption or purchase of shares of its outstanding capital stock, subject to a formula that reflects cumulative net earnings.During the period from 2001 to the third quarter of 2007, the Company was not permitted under the formula to pay a cash dividend on its common stock as a result of cumulative losses recorded before and during that period.During the third quarter 2007, the cumulative losses calculated under the formula were eliminated due to the improved financial performance of the Company.Accordingly, since that time, a cash dividend has been permissible under the senior debt covenants.Restrictive covenants also are contained in the instruments governing the Companys $850.0 asset-based revolving credit facility.Under the credit facility covenants, dividends are not restricted unless availability falls below $150.0, at which point dividends would be limited to $12.0 annually.Currently, the availability under the credit facility significantly exceeds $150.0.Accordingly, there currently are no covenant restrictions on the Companys ability to declare and pay a dividend to its shareholders.In the first quarter of 2008, the Company declared and paid a quarterly common stock dividend of $0.05 per share.Common stock dividends of $0.05 per share were declared and paid quarterly thereafter.On January 25, 2010, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock, payable on March 10, 2010, to shareholders of record on February 12, 2010. Stockholder Repurchase Plan:On October 21, 2008, the Company announced that its Board of Directors had authorized the Company to repurchase, from time to time, up to $150.0 of its outstanding common stock shares.During the first quarter of 2009, the Company expended $10.0 to purchase 1,624,700 shares of its common stock. During the fourth quarter of 2008, the Company expended $14.4 to purchase 1,650,801 shares of its common stock pursuant to this authorization.

NOTE 8: Commitments

NOTE 8: Commitments
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Commitments	NOTE 8 - Commitments The principal raw materials required for the Companys steel manufacturing operations are iron ore, coal, coke, chrome, nickel, silicon, manganese, zinc, limestone, and carbon and stainless steel scrap.The Company also uses large volumes of natural gas, electricity and oxygen in its steel manufacturing operations.In addition, the Company historically has purchased approximately 500,000 to 700,000 tons annually of carbon steel slabs from other steel producers to supplement the production from its own steelmaking facilities, though it did not do so in 2009 because of substantially reduced demand for the Companys products.The Company makes most of its purchases of coal, iron ore, coke and oxygen at negotiated prices under annual and multi-year agreements.The Company typically makes purchases of carbon steel slabs, carbon and stainless steel scrap, natural gas, a majority of its electricity, and other raw materials at prevailing market prices, which are subject to price fluctuations in accordance with supply and demand.The Company enters into financial instruments designated as hedges with respect to some purchases of natural gas and certain raw materials, the prices of which may be subject to volatile fluctuations.In 2009, the Company experienced a significant decline in raw material and energy costs, primarily carbon scrap, nickel and natural gas. To the extent that multi-year contracts are available in the marketplace, the Company has used such contracts to secure adequate sources of supply to satisfy other key raw materials needs for the next three to five years.Where multi-year contracts are not available, the Company continues to seek to secure the remainder of its raw materials needs through annual contracts or spot purchases.The Company also continues to attempt to reduce the risk of future supply shortages by considering equity investments with respect to certain raw materials and by evaluating alternative sources and substitute materials. The Company currently believes that it either has or will be able to secure adequate sources of supply for its raw material and energy requirements for 2010.As a result, however, of lower than normal year-end inventories in 2009, and increased demand beyond the Companys initial projections for 2010, the Company still needs to secure additional volumes of some raw materials, principally iron ore, for 2010.Based on current reduced demand for most raw materials, the Company does not anticipate major shortages in the market unless substantial supply capacity is taken out of the market.The potential exists, however, for production disruptions due to shortages of raw materials in the future.If such a disruption were to occur, it could have a material impact on the Companys financial condition, operations and cash flows. The Company produces most of the coke it consumes in its blast furnaces, but has been purchasing approximately 350,000 net tons annually from a third party pursuant to a ten-year supply contract (the Shenango Coke Contract) which expired on December 31, 2009.In anticipation of the expiration of the Shenango Coke Contract, the Company entered into a long-ter

NOTE 9: Environmental and Legal

NOTE 9: Environmental and Legal Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Environmental and Legal Contingencies	NOTE 9 - Environmental and Legal Contingencies Environmental Contingencies:Domestic steel producers, including AK Steel, are subject to stringent federal, state and local laws and regulations relating to the protection of human health and the environment.Over the past three years, the Company has expended the following for environmental-related capital investments and environmental compliance: Years Ended December 31, 2009 2008 2007 Environmental-related capital investments $ 1.0 $ 1.8 $ 2.4 Environmental compliance costs 106.6 126.5 122.8 AK Steel and its predecessors have been conducting steel manufacturing and related operations since the year 1900.Although the Company believes its operating practices have been consistent with prevailing industry standards during this time, hazardous materials may have been released in the past at one or more operating sites or third party sites, including operating sites that the Company no longer owns.The Company has estimated potential remediation expenditures for those sites where future remediation efforts are probable based on identified conditions, regulatory requirements or contractual obligations arising from the sale of a business or facility.At December 31, 2009, the Company had recorded $17.0 in accrued liabilities and $40.6 in other non-current liabilities on its consolidated balance sheets for estimated probable costs relating to environmental matters.The comparable balances recorded by the Company at December 31, 2008 were $16.5 in accrued liabilities and $40.8 in other non-current liabilities.In general, the material components of these accruals include the costs associated with investigations, delineations, risk assessments, remedial work, governmental response and oversight costs, site monitoring, and preparation of reports to the appropriate environmental agencies.The ultimate costs to the Company with respect to each site cannot be predicted with certainty because of the evolving nature of the investigation and remediation process.Rather, to develop the estimates of the probable costs, the Company must make certain assumptions. The most significant of these assumptions relate to the nature and scope of the work which will be necessary to investigate and remediate a particular site and the cost of that work.Other significant assumptions include the cleanup technology which will be used, whether and to what extent any other parties will participate in paying the investigation and remediation costs, reimbursement of governmental agency past response and future oversight costs, and the reaction of the governing environmental agencies to the proposed work plans.Costs of future expenditures are not discounted to their present value.The Company does not believe that there is a reasonable possibility that a loss or losses exceeding the amounts accrued will be incurred in connection with the environmental matters discussed below that would, either individually or in the aggregate, have a material adverse effect on the Companys consolidated financial condition, results of operations or cash flows.However, since amo

NOTE 10: Fair Value Measurement

NOTE 10: Fair Value Measurements
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Fair Value Measurements	NOTE 10 - Fair Value Measurements The Company adopted provisions within ASC Topic 820, Fair Value Measurements, effective January 1, 2008.Under this standard, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various valuation approaches.The hierarchy of those valuation approaches is broken down into three levels based on the reliability of inputs as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.An active market for the asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.The valuation under this approach does not entail a significant degree of judgment. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.Level 2 inputs include: quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability, (e.g., interest rates and yield curves observable at commonly quoted intervals or current market) and contractual prices for the underlying financial instrument, as well as other relevant economic measures. Level 3 inputs are unobservable inputs for the asset or liability.Unobservable inputs shall be used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The following fair value table presents information about the Companys assets and liabilities measured at fair value on a recurring basis as of December 31, 2009 and 2008, respectively.There were no valuations using Level 3 inputs. December 31, 2009 December 31, 2008 Level 1 Level 2 Total Level 1 Level 2 Total Assets: Available for sale investments Marketable equity securities (a) $ 27.3 $ $ 27.3 $ 23.0 $ $ 23.0 Foreign exchange contracts (b) 0.9 0.9 Commodity hedge contracts (c) 2.0 2.0 0.6 0.6 Assets measured at fair value $ 27.3 $ 2.9 $ 30.2 $ 23.0 $ 0.6 $ 23.6 Liabilities (d): Foreign exchange contracts $ $ $ $ $ 1.3 $ 1.3 Commodity hedge contracts 5.8 5.8 52.2 52.2 Liabilities measured at fair value $ $ 5.8 $ 5.8 $ $ 53.5 $ 53.5 (a) Held in a trust and included in Other investments on the Consolidated Balance Sheets. (b) Included in Other current assets on the Consolidated Balance Sheets. (c)

NOTE 11: Asset Retirement Oblig

NOTE 11: Asset Retirement Obligations
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Asset Retirement Obligations	NOTE 11 - Asset Retirement Obligations The following table reflects changes in the carrying values of asset retirement obligations in accordance with ASC Subtopic 410-20, Asset Retirement Obligations, for the years ended December 31, 2009, 2008 and 2007. 2009 2008 2007 Balance at beginning of year $ 4.4 $ 4.1 $ 3.7 Accretion expense 0.5 0.3 0.4 Balance at end of year $ 4.9 $ 4.4 $ 4.1

NOTE 12: Investments in an Unre

NOTE 12: Investments in an Unrealized Loss Position
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Investments in an Unrealized Loss Position	NOTE 12 - Investments in an Unrealized Loss Position The Company has investments for a nonqualified pension plan with fair values at December 31, 2009 less than cost.The investments are in four mutual funds representing the SP 500 index, the Russell 1000 Value index, the Russell 1000 Growth index, and the EAFE index.The funds suffered significant declines in the second half of 2008 through the first quarter of 2009 consistent with the global economic downturn. The investments in index funds represent broad asset categories designed to track macroeconomic conditions.The Company evaluated past periods of market declines and the related periods of recovery.The Company believes that the current economic environment is temporary and the investments will recover to levels higher than cost in a reasonable period of time.The Company has no short term cash requirements for these investments and currently does not intend to liquidate them resulting in the realization of a loss before a period of time sufficient for the markets to recover.Based on the market evaluation and the Companys ability and intent to hold these investments for a reasonable period of time sufficient for arecovery of fair value, the Company does not consider those investments to be other than temporarily impaired at December 31, 2009. INVESTMENTS IN AN UNREALIZED LOSS POSITION At December 31, 2009 Loss Position Loss Position Loss Position Less Than 12 Months Greater Than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss Investment Marketable Equity Securities $ 19.6 $ 2.7 $ 19.6 $ 2.7

NOTE 13: Variable Interest Enti

NOTE 13: Variable Interest Entity
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Variable Interest Entity	NOTE 13 - Variable Interest Entity In the first quarter of 2008, the Companys Board of Directors approved a 20-year supply contract with Middletown Coke, an affiliate of SunCoke Energy, Inc. (SunCoke), to provide the Company with metallurgical-grade coke and electrical power.The coke and power will come from a new facility to be constructed, owned and operated by Middletown Coke adjacent to the Companys Middletown Works.The proposed new facility is expected to produce about 550,000 tons of coke and 50 megawatts of electrical power annually.The anticipated cost to build the facility is approximately $360.0.Under the agreement, the Company will purchase all of the coke and electrical power generated from the new plant for at least 20 years, helping the Company achieve its goal of more fully integrating its raw material supply and providing about 25% of the power requirements of Middletown Works.The agreement is contingent upon, among other conditions, Middletown Coke receiving all necessary local, state and federal approvals and permits, as well as available economic incentives, to build and operate the proposed new facility.There are no plans to idle any existing cokemaking capacity if the proposed SunCoke project is consummated.Even though the Company has no ownership interest in Middletown Coke, the expected production from the facility is completely committed to the Company.As such, Middletown Coke is deemed to be a variable interest entity and the financial results of Middletown Coke are required to be consolidated with the results of the Company as directed by ASC Topic 810.At December 31, 2009, Middletown Coke had approximately $71.9 in assets to the Companys consolidated balance sheets, comprised mainly of construction in progress.Additionally, Middletown Coke had approximately $74.8 million in liabilities, comprised mainly of payables to its parent, SunCoke. Through a subsidiary, AK Steel owns a 50% interest in Vicksmetal/Armco Associates (VAA), a joint venture with Vicksmetal Corporation, which is owned by Sumitomo Corporation.VAA slits electrical steel primarily for AK Steel, though also for third parties.AK Steel has determined that VAA meets the definition of a variable interest entity under ASC Topic 810, Consolidation, and as a result, the financials of VAA are consolidated with the results of the Company.

NOTE 14: Disclosures About Deri

NOTE 14: Disclosures About Derivative Instruments and Hedging Activities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Disclosures About Derivative Instruments and Hedging Activities	NOTE 14 - Disclosures About Derivative Instruments and Hedging Activities In the ordinary course of business, the Company is exposed to market risk for price fluctuations of raw materials and energy sources.The Company is also subject to risks of exchange rate fluctuations on a portion of inter-company receivables that are denominated in foreign currencies.The Company occasionally uses forward currency contracts to manage exposures to certain of these currency price fluctuations.As of December 31, 2009, the Company had entered into forward currency contracts in the amount of 16,300,000 euros. The Company uses cash settled commodity price swaps and/or options to hedge the market risk associated with the purchase of certain of its raw materials and energy requirements.Such hedges routinely are used with respect to a portion of the Companys natural gas and nickel requirements and are sometimes used with respect to its aluminum and zinc requirements.The Companys hedging strategy is designed to protect it against normal volatility.However, abnormal price increases in any of these commodity markets could negatively impact operating costs.The effective portion of the gains and losses from the use of these instruments for natural gas are deferred in accumulated other comprehensive income on the consolidated balance sheets and recognized into cost of products sold in the same period as the underlying transaction.Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings.All other commodity price swaps and options are marked to market and recognized into cost of products sold with the offset recognized as other current assets or other accrued liabilities. Accounting guidance requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position.In accordance with ASC Topic 815, Derivatives and Hedging, the Company designates commodity price swaps and options as cash flow hedges of forecasted purchases of raw materials and energy sources. Existing natural gas commodity hedges at December 31, 2009 have settlement dates ranging from January 2010 to December 2010.The amount of the existing losses expected to be reclassified into earnings with the next twelve months is $1.3. As of December 31, 2009 the Company had the following outstanding commodity price swaps and/or options that were entered into to hedge forecasted purchases. Commodity Amount Unit Nickel 979,230 lbs Natural Gas 12,170,000 MMBTUs FairValue of Derivative Instruments in the Consolidated Balance Sheets as of December 31, 2009 Balance Sheet Location Asset Fair Value Liability Fair Value Derivatives designated as hedging instruments: Commodity contracts Accrued liabilities $ 5.8 Total derivatives designated as hedging instruments $ 5.8 Derivatives not designated as hedging instruments: Foreign exchange contracts Othe

NOTE 15: Subsequent Events

NOTE 15: Subsequent Events
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Subsequent Events	NOTE 15 Subsequent Events There were no reportable subsequent events or transactions that occurred in the time period after the December 31, 2009 balance sheet date and prior to February 23, 2010, which is the date of this Form 10-K filing with the Securities and Exchange Commission.

NOTE 16: Consolidated Quarterly

NOTE 16: Consolidated Quarterly Sales and Earnings (Losses) (Unaudited)
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Consolidated Quarterly Sales and Earnings (Losses) (Unaudited)	NOTE 16 - Consolidated Quarterly Sales and Earnings (Losses) (Unaudited) Earnings per share for each quarter and the year are calculated individually and may not add to the total for the year. 2009 First Quarter Second Quarter Third Quarter Fourth Quarter Year Net sales $ 922.2 $ 793.6 $ 1,041.1 $ 1,319.9 $ 4,076.8 Operating profit (loss) (99.9 ) (72.5 ) 15.3 87.0 (70.1 ) Net income (loss) attributable to AK Steel Holding (73.4 ) (47.2 ) 6.2 39.8 (74.6 ) Basic and diluted earnings (loss) per share (0.67 ) (0.43 ) 0.06 0.36 (0.68 ) 2008 First Quarter Second Quarter Third Quarter Fourth Quarter(a) Year Net sales $ 1,791.4 $ 2,236.6 $ 2,157.6 $ 1,458.7 $ 7,644.3 Operating profit (loss) 169.7 237.9 309.6 (689.2 ) 28.0 Net income (loss) attributable to AK Steel Holding 101.1 145.2 188.3 (430.6 ) 4.0 Basic earnings (loss) per share 0.90 1.30 1.68 (3.87 ) 0.04 Diluted earnings (loss) per share 0.90 1.29 1.67 (3.87 ) 0.04 (a)Fourth quarter 2008 operating profit (loss) includes a pre-tax pension corridor charge of $660.1.

NOTE 17: Supplemental Guarantor

NOTE 17: Supplemental Guarantor Information
	12 Months Ended Dec. 31, 2009 USD / shares
Notes To Financial Statements [Abstract]
Supplemental Guarantor Information	NOTE 17 - Supplemental Guarantor Information AK Holding, along with AK Tube, LLC and AKS Investments Inc. (the Guarantor Subsidiaries) fully and unconditionally, jointly and severally, guarantee the payment of interest, principal and premium, if any, on AK Steels 7 3/4% Senior Notes Due 2012.AK Tube, LLC is owned 100% by AKS Investments Inc. and AKS Investments Inc. is 100% owned by AK Steel.AK Steel is 100% owned by AK Holding.The Company has determined that full financial statements and other disclosures concerning AK Holding and the Guarantor Subsidiaries are not required to be presented.The presentation of the supplemental guarantor information reflects all investments in subsidiaries under the equity method.Net income (loss) of the subsidiaries accounted for under the equity method is therefore reflected in their parents investment accounts.The principal elimination entries eliminate investments in subsidiaries and inter-company balances and transactions.The following supplemental condensed consolidating financial statements present information about AK Holding, AK Steel, the Guarantor Subsidiaries and the other subsidiaries.The other subsidiaries are not guarantors of the senior notes. Condensed Statements of Operations For the Year Ended December 31, 2009 AK Holding AK Steel Guarantor Subsidiaries Other Eliminations Consolidated Company Net sales $ $ 3,606.4 $ 131.7 $ 435.9 $ (97.2 ) $ 4,076.8 Cost of products sold (exclusive of items shown below) 0.2 3,295.0 114.9 398.4 (58.9 ) 3,749.6 Selling and administrative expenses 3.5 191.4 9.4 19.1 (30.7 ) 192.7 Depreciation 197.4 6.6 0.6 204.6 Total operating costs 3.7 3,683.8 130.9 418.1 (89.6 ) 4,146.9 Operating profit (loss) (3.7 ) (77.4 ) 0.8 17.8 (7.6 ) (70.1 ) Interest expense 36.9 0.1 37.0 Other income (expense) (1.6 ) 45.2 (34.5 ) 9.1 Income (loss) before income taxes (3.7 ) (115.9 ) 0.8 62.9 (42.1 ) (98.0 ) Income tax provision (benefit) (1.3 ) (36.2 ) 0.3 24.2 (7.0 ) (20.0 ) Net income (loss) (2.4 ) (79.7 ) 0.5 38.7 (35.1 ) (78.0 ) Less: income (loss) attributable to noncontrolling interests (3.4 ) (3.4 ) Net income (loss) attributable to AK Holding (2.4 ) (79.7 ) 0.5 42.1 (35.1 ) (74.6 ) Equity in net income of subsidiaries (72.2 ) 7.5 64.7 Net income (loss) attributable to AK Holding $ (74.6 ) $ (72.2 ) $ 0.5 $ 42.1 $ 29.6 $ (74.6 ) Condensed Statements of Operations For the Year Ended December 31, 2008 AK Holding AK Steel Guarantor Subsidiaries Other Eliminations

Valuation And Qualifying Accoun

Valuation And Qualifying Accounts
	12 Months Ended Dec. 31, 2009 USD / shares
Valuation And Qualifying Accounts Disclosure [Abstract]
Schedule of Valuation And Qualifying Accounts	EXHIBIT 99.1 Valuation and Qualifying Accounts For the Years Ended December 31, 2009, 2008 and 2007 (dollars in millions) Classification Balance Beginning of Period Additions Charged to Revenues, Expense Deductions Amounts Charged Off-Net Balance End of Period Allowance for Doubtful Accounts Year Ended December 31, 2009 $ 11.8 $ 7.2 $ (5.6 ) $ 13.4 2008 11.9 1.0 (1.1 ) 11.8 2007 10.1 2.7 (0.9 ) 11.9 LIFO Reserve Year Ended December 31, 2009 $ 822.4 $ (417.2 ) $ $ 405.2 2008 539.1 283.3 822.4 2007 507.9 31.2 539.1 Deferred Tax Valuation Allowance Year Ended December 31, 2009 $ 16.9 $ 1.5 $ $ 18.4 2008 18.3 (1.4 ) 16.9 2007 35.5 (17.2 ) 18.3

Document and Entity Information

Document and Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 19, 2010	Jun. 30, 2009
Entity Information [Line Items]
Entity Registrant Name	AK STEEL HOLDING CORP
Entity Central Index Key	0000918160
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$2,076,650,398
Entity Common Stock Shares Outstanding		109,866,415
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31