Discontinued Operations

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations

Discontinued operations include certain non-strategic former Australian Mining segment assets held for sale which the Company has committed to divest, former Midwestern U.S. Mining segment assets that have ceased production and other previously divested operations.

Summarized Results of Discontinued Operations

Results from discontinued operations were as follows during the three and nine months ended September 30, 2013 and 2012:    

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(Dollars in millions)
Total revenues	$	38.6		$	41.5		$	106.3		$	171.5
Loss from discontinued operations before income taxes	$	(62.1	)	$	(127.6	)	$	(94.8	)	$	(146.6	)
Income tax benefit	19.0			46.3			28.3			53.9
Loss from discontinued operations, net of income taxes	$	(43.1	)	$	(81.3	)	$	(66.5	)	$	(92.7	)

Asset Impairment and Mine Closure Costs Related to Discontinued Operations

Wilkie Creek Mine. Results from discontinued operations for the three and nine months ended September 30, 2013 reflect a before- and after-tax impairment charge of $45.2 million and $32.4 million, respectively, related to the Company's held-for-sale Wilkie Creek Mine in Queensland, Australia for which an active sale process in ongoing. The Company estimated the fair value of those assets using a market approach based on new market information received during the third quarter that would be considered unobservable Level 3 inputs under the fair value hierarchy.

Air Quality Mine. Results from discontinued operations for the three and nine months ended September 30, 2012 reflect before- and after-tax charges of $116.7 million and $75.0 million, respectively, including a before- and after-tax impairment charge of $108.9 million and $68.8 million, respectively, recognized in connection with the shutdown of the Air Quality Mine in Indiana. Refer to Note 3 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 for additional details surrounding that mine closure.

Assets and Liabilities of Discontinued Operations

The carrying amounts of assets and liabilities classified as discontinued operations included in the Company's condensed consolidated balance sheets were as follows:

	September 30, 2013		December 31, 2012
	(Dollars in millions)
Assets:
Other current assets	$	42.1	$	37.5
Investments and other assets	97.3		140.8
Total assets classified as discontinued operations	$	139.4	$	178.3
Liabilities:
Accounts payable and accrued expenses	$	35.3	$	33.3
Other noncurrent liabilities	40.5		27.1
Total liabilities classified as discontinued operations	$	75.8	$	60.4