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Acquisition of Macarthur Coal Limited (Tables)
 12 Months Ended
Dec. 31, 2012
Business Combinations [Abstract]  
Schedule of recognized identified assets acquired and liabilities assumed
Preliminary purchase price allocations were recorded in the accompanying consolidated financial statements as of the acquisition and control date. The Company finalized the fair value determination of the assets acquired and liabilities assumed upon the completion of third-party valuation appraisals during the year ended December 31, 2012. 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 year ended December 31, 2012:
 
Preliminary Purchase Price Allocations
 
Provisional Adjustments
 
Final Purchase Price Allocations
 
(Dollars in Millions)
Accounts receivable, net
$
106.6

 
$
7.8

 
$
114.4

Inventories
67.1

 
(11.4
)
 
55.7

Other current assets
137.5

 
(3.9
)
 
133.6

Property, plant, equipment and mine development
3,457.0

 
442.0

 
3,899.0

Investments and other assets
1,275.1

 
(394.0
)
 
881.1

Current maturities of long-term debt
(11.0
)
 
—

 
(11.0
)
Accounts payable and accrued expenses
(133.8
)
 
(21.9
)
 
(155.7
)
Long-term debt, less current maturities
(59.2
)
 
—

 
(59.2
)
Asset retirement obligations
(39.3
)
 
(9.5
)
 
(48.8
)
Other noncurrent liabilities
(31.4
)
 
(9.1
)
 
(40.5
)
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 the periods presented or that may be attained in the future.
 
Year Ended December 31,
 
2011
 
2010
 
(Dollars in millions, except earnings per share)
Revenue
$
8,618.0

 
$
7,387.7

Income from continuing operations, net of income taxes
1,305.7

 
1,002.4

Basic earnings per share
$
3.55

 
$
2.65

Diluted earnings per share
3.55

 
2.65

Pro forma income from continuing operations, net of income taxes, includes adjustments to operating costs and depreciation, depletion and amortization to reflect the additional expense for the estimated impact of fair value adjustments to coal inventory and property, plant and equipment (including mineral rights), respectively.