Segment Information

9 Months Ended

Sep. 30, 2011

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports its operations primarily through the following reportable operating segments: “Western U.S. Mining,” “Midwestern U.S. Mining,” “Australian Mining,” “Trading and Brokerage” and “Corporate and Other.” The Company’s chief operating decision maker uses Adjusted EBITDA as the primary measure of segment profit and loss. The Company defines Adjusted EBITDA as income from continuing operations before deducting net interest expense, income taxes, asset retirement obligation expense and depreciation, depletion and amortization.

Operating segment results were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(Dollars in millions)
Revenues:
Western U.S. Mining	$	758.5		$	707.4		$	2,124.5		$	2,021.6
Midwestern U.S. Mining	385.1			317.1			1,080.0			949.8
Australian Mining	757.4			733.4			2,223.3			1,777.3
Trading and Brokerage	131.5			101.8			329.5			273.7
Corporate and Other	3.4			5.0			31.5			19.3
Total	$	2,035.9		$	1,864.7		$	5,788.8		$	5,041.7
Adjusted EBITDA:
Western U.S. Mining	$	218.7		$	215.7		$	532.2		$	630.9
Midwestern U.S. Mining	104.0			77.2			295.9			222.7
Australian Mining	243.3			323.2			810.7			670.1
Trading and Brokerage	57.4			44.3			134.6			91.0
Corporate and Other	(119.0		)	(89.1		)	(273.3		)	(245.8		)
Total	$	504.4		$	571.3		$	1,500.1		$	1,368.9

A reconciliation of Adjusted EBITDA to consolidated income from continuing operations follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(Dollars in millions)
Total Adjusted EBITDA	$	504.4		$	571.3		$	1,500.1		$	1,368.9
Depreciation, depletion and amortization	113.7			116.7			327.8			327.3
Asset retirement obligation expense	15.0			9.9			43.9			30.3
Interest expense	59.2			62.2			159.3			170.1
Interest income	(4.1		)	(2.8		)	(11.7		)	(5.4		)
Income tax provision	37.1			147.7			224.7			257.2
Income from continuing operations, net of income taxes	$	283.5		$	237.6		$	756.1		$	589.4