Discontinued Operations

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Discontinued operations include certain former Australian Thermal Mining and Midwestern U.S. Mining segment assets that have ceased production and other previously divested legacy operations, including Patriot Coal Corporation and certain of its wholly-owned subsidiaries (Patriot).

Summarized Results of Discontinued Operations

Results from discontinued operations were as follows during the three months ended March 31, 2017 and 2016:

	Three Months Ended
	March 31,
	2017			2016
	(Dollars in millions)
Loss from discontinued operations, net of income taxes	$	(4.1	)	$	(3.4	)

Assets and Liabilities of Discontinued Operations

Assets and liabilities classified as discontinued operations included in the Company's condensed consolidated balance sheets were as follows:

	March 31, 2017		December 31, 2016
	(Dollars in millions)
Assets:
Other current assets	$	0.2	$	0.2
Investments and other assets	15.9		15.9
Total assets classified as discontinued operations	$	16.1	$	16.1
Liabilities:
Accounts payable and accrued expenses	$	50.6	$	55.9
Other noncurrent liabilities	199.7		198.5
Liabilities subject to compromise	20.9		20.9
Total liabilities classified as discontinued operations	$	271.2	$	275.3

Patriot-Related Matters. A significant portion of the liabilities in the table above relate to a former subsidiary, Patriot Coal Corporation. Refer to Note 20. "Matters Related to the Bankruptcy of Patriot Coal Corporation" for information associated with the impacts from the bankruptcy of Patriot.