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Acquisition of Macarthur Coal Limited (Tables)
 9 Months Ended
Sep. 30, 2012
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the preliminary estimated fair values of assets acquired and liabilities assumed that were recognized at the acquisition and control date, as well as provisional fair value adjustments made during the first nine months of 2012:
 
Preliminary
 
 
 
Updated
 
Allocations
 
Adjustments
 
Allocations
 
(Dollars in millions)
Accounts receivable, net
$
106.6

 
$
8.8

 
$
115.4

Inventories
67.1

 
(10.5
)
 
56.6

Other current assets
137.5

 
(3.9
)
 
133.6

Property, plant, equipment and mine development
3,457.0

 
258.6

 
3,715.6

Investments and other assets
1,275.1

 
(184.3
)
 
1,090.8

Current maturities of long-term debt
(11.0
)
 
—

 
(11.0
)
Accounts payable and accrued expenses
(133.8
)
 
(26.1
)
 
(159.9
)
Long-term debt, less current maturities
(59.2
)
 
—

 
(59.2
)
Asset retirement obligations
(39.3
)
 
(15.2
)
 
(54.5
)
Other noncurrent liabilities
(31.4
)
 
(27.4
)
 
(58.8
)
Noncontrolling interests
(2,011.9
)
 
—

 
(2,011.9
)
Total purchase price, net of cash acquired of $261.2
$
2,756.7

 
$
—

 
$
2,756.7
Pro Forma Information
The following unaudited pro forma financial information presents the combined results of operations of the Company and PEA-PCI, on a pro forma basis, as though the companies had been combined as of January 1, 2010. The unaudited pro forma financial information does not necessarily reflect the results of operations that would have occurred had the Company and PEA-PCI constituted a single entity during those periods or that may be attained in the future.
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2011
 
September 30, 2011
 
(Dollars in millions, except per share amounts)
Revenue
$
2,194.1

 
$
6,154.7

Income from continuing operations, net of income taxes
256.0

 
727.6

Basic earnings per share
$
0.88

 
$
2.48

Diluted earnings per share
0.87

 
2.48