Discontinued Operations

12 Months Ended

Dec. 31, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

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

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 years ended December 31, 2016, 2015 and 2014:

	Year Ended December 31,
	2016			2015			2014
	(Dollars in millions)
Loss from discontinued operations before income taxes	$	(57.6	)	$	(182.2	)	$	(23.8	)
Income tax benefit (provision)	—			7.2			(4.4		)
Loss from discontinued operations, net of income taxes	$	(57.6	)	$	(175.0	)	$	(28.2	)

There were no significant revenues from discontinued operations during the years ended December 31, 2016, 2015 and 2014.

Assets and Liabilities of Discontinued Operations

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

	December 31,
	2016		2015
	(Dollars in millions)
Assets:
Other current assets	$	0.2	$	3.1
Investments and other assets	15.9		13.2
Total assets classified as discontinued operations	$	16.1	$	16.3
Liabilities:
Accounts payable and accrued expenses	$	55.9	$	60.0
Other noncurrent liabilities	198.5		203.7
Liabilities subject to compromise	20.9		—
Total liabilities classified as discontinued operations	$	275.3	$	263.7

Patriot-Related Matters. Included in "Loss from discontinued operations, net of income taxes" for the year ended December 31, 2016, is a charge of $54.3 million for the UMWA 1974 Pension Plan related to the settlement of litigation. Refer to Note 27. "Matters Related to the Bankruptcy of Patriot Coal Corporation" for information surrounding charges recorded during the years ended December 31, 2016 and 2015 associated with the bankruptcy of Patriot.

Wilkie Creek Mine. In December 2013, the Company ceased production and started reclamation of the Wilkie Creek Mine in Queensland, Australia. On June 30, 2014, Queensland Bulk Handling Pty Ltd (QBH) commenced litigation against Peabody (Wilkie Creek) Pty Limited, the indirect wholly-owned subsidiary of the Company that owns the Wilkie Creek Mine, alleging breach of a Coal Port Services Agreement (CPSA) between the parties. Included in "Loss from discontinued operations, net of income taxes" for the year ended December 31, 2015 is a $9.7 million charge related to the settlement of that litigation. In September 2016, a settlement was reached under which the Company agreed to pay $13.0 million Australian dollars ($9.9 million USD) to QBH in a full and final settlement of all claims each party had against the other in relation to the CPSA litigation. Refer to Note 26. "Commitments and Contingencies" for additional information surrounding the QBH matter.

Disposal Groups, Including Discontinued Operations [Table Text Block]

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

	December 31,
	2016		2015
	(Dollars in millions)
Assets:
Other current assets	$	0.2	$	3.1
Investments and other assets	15.9		13.2
Total assets classified as discontinued operations	$	16.1	$	16.3
Liabilities:
Accounts payable and accrued expenses	$	55.9	$	60.0
Other noncurrent liabilities	198.5		203.7
Liabilities subject to compromise	20.9		—
Total liabilities classified as discontinued operations	$	275.3	$	263.7