Discontinued Operations

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

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

Discontinued Operations

Discontinued operations include former Australian Mining and 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 months ended March 31, 2014 and 2013:    

	Three Months Ended March 31,
	2014			2013
	(Dollars in millions)
Loss from discontinued operations before income taxes	$	(0.1	)	$	(16.6	)
Income tax benefit	0.3			7.5
Income (loss) from discontinued operations, net of income taxes	$	0.2		$	(9.1	)

There were no significant revenues from discontinued operations during the three months ended March 31, 2014. Total revenues associated with discontinued operations amounted to $32.1 million during the three months ended March 31, 2013.

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:

	March 31, 2014		December 31, 2013
	(Dollars in millions)
Assets:
Other current assets	$	3.1	$	38.6
Investments and other assets	21.9		47.4
Total assets classified as discontinued operations	$	25.0	$	86.0
Liabilities:
Accounts payable and accrued expenses	$	47.2	$	127.8
Other noncurrent liabilities	87.9		90.2
Total liabilities classified as discontinued operations	$	135.1	$	218.0

Settlement Agreement with Patriot and the UMWA. Pursuant to the definitive settlement agreement reached in 2013 with Patriot Coal Corporation and certain of its wholly owned subsidiaries (Patriot) and the United Mine Workers of America (UMWA) on behalf of itself, its represented Patriot employees and its represented Patriot retirees, the Company remitted a payment of $70 million to Patriot in January 2014. Refer to Note 18. "Commitments and Contingencies" for additional details surrounding that settlement agreement.

Mine Closure Costs. In December 2013, the Company ceased production and commenced the final reclamation of the Wilkie Creek Mine in Queensland, Australia and correspondingly accrued for potential port and rail take-or-pay contractual liabilities and certain other exit costs at that time. The following table summarizes the changes in those liabilities for the three months ended March 31, 2014:

	Accrued Take-or-Pay Liabilities			Other Exit Costs			Total
	(Dollars in millions)
Liability balance at December 31, 2013	$	33.9		$	2.7		$	36.6
Cash payments	(3.5		)	(2.4		)	(5.9		)
Foreign currency remeasurement expense	0.9			—			0.9
Liability balance at March 31, 2014	$	31.3		$	0.3		$	31.6

The Company expects the majority of the remaining cash expenditures associated with the liabilities presented above to occur within the next twelve months. In addition to those closure-related liabilities, the Company's unaudited condensed consolidated balance sheet at March 31, 2014 included $48.2 million of asset retirement obligations related to Wilkie Creek.