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Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The Company’s total indebtedness as of December 31, 2022 and 2021 consisted of the following:
December 31,
Debt Instrument (defined below, as applicable)20222021
(Dollars in millions)
6.000% Senior Secured Notes due March 2022 (2022 Notes)
$— $23.1 
8.500% Senior Secured Notes due December 2024 (2024 Peabody Notes)
— 62.6 
10.000% Senior Secured Notes due December 2024 (2024 Co-Issuer Notes)
— 193.9 
Senior Secured Term Loan due 2024 (Co-Issuer Term Loans)— 206.0 
6.375% Senior Secured Notes due March 2025 (2025 Notes)
— 334.9 
Senior Secured Term Loan due 2025, net of original issue discount (Senior Secured Term Loan)— 322.8 
3.250% Convertible Senior Notes due March 2028 (2028 Convertible Notes)
320.0 — 
Finance lease obligations23.6 29.3 
Less: Debt issuance costs(9.8)(34.8)
333.8 1,137.8 
Less: Current portion of long-term debt13.2 59.6 
Long-term debt$320.6 $1,078.2 
Interest Income and Interest Expense Disclosure Additionally, the table sets forth the amount of cash paid for interest and the amount of non-cash interest expense primarily related to the amortization of debt issuance costs.
Year Ended December 31,
202220212020
(Dollars in millions)
Indebtedness$87.0 $132.3 $104.4 
Financial assurance instruments53.3 51.1 35.4 
Interest expense$140.3 $183.4 $139.8 
Cash paid for interest$118.5 $174.9 $126.9 
Non-cash interest expense$17.7 $21.3 $16.2