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Intangible Contract Assets and Liabilities | 9 Months Ended
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Sep. 30, 2018
Revenue Recognition [Abstract] |
Intangible Contract Assets and Liabilities | Intangible Contract Assets and Liabilities At the Effective Date, the Company recorded intangible assets of $314.9 million and liabilities of $58.7 million to reflect the inherent fair value of certain U.S. coal supply agreements as a result of favorable and unfavorable differences between contract terms and estimated market terms for the same coal products, and also recorded intangible liabilities of $116.2 million related to unutilized capacity under its port and rail take-or-pay contracts. The balances and respective balance sheet classifications of such assets and liabilities at September 30, 2018 and December 31, 2017, net of accumulated amortization, are set forth in the following tables:
| September 30, 2018
| (Dollars in millions)
| Assets |  | Liabilities |  | Net Total
Coal supply agreements | $ | 88.5 |  |  | $ | (32.4 | ) |  | $ | 56.1 |
Take-or-pay contracts | — |  |  | (63.6 | ) |  | (63.6 | )
Total | $ | 88.5 |  |  | $ | (96.0 | ) |  | $ | (7.5 | )
Balance sheet classification: |  |  |  |  |
Investments and other assets | $ | 88.5 |  |  | $ | — |  |  | $ | 88.5 |
Accounts payable and accrued expenses | — |  |  | (19.5 | ) |  | (19.5 | )
Other noncurrent liabilities | — |  |  | (76.5 | ) |  | (76.5 | )
Total | $ | 88.5 |  |  | $ | (96.0 | ) |  | $ | (7.5 | )
| December 31, 2017
| (Dollars in millions)
| Assets |  | Liabilities |  | Net Total
Coal supply agreements | $ | 177.2 |  |  | $ | (42.7 | ) |  | $ | 134.5 |
Take-or-pay contracts | — |  |  | (90.7 | ) |  | (90.7 | )
Total | $ | 177.2 |  |  | $ | (133.4 | ) |  | $ | 43.8 |
Balance sheet classification: |  |  |  |  |
Investments and other assets | $ | 177.2 |  |  | $ | — |  |  | $ | 177.2 |
Accounts payable and accrued expenses | — |  |  | (27.6 | ) |  | (27.6 | )
Other noncurrent liabilities | — |  |  | (105.8 | ) |  | (105.8 | )
Total | $ | 177.2 |  |  | $ | (133.4 | ) |  | $ | 43.8 |
Amortization of the intangible assets and liabilities related to coal supply agreements occurs ratably based upon coal volumes shipped per contract and is recorded as a component of “Depreciation, depletion and amortization” in the accompanying unaudited condensed consolidated statements of operations. Such amortization amounted to $24.0 million and $78.4 million during the three and nine months ended September 30, 2018, respectively, and $41.5 million and $71.2 million during the three months ended September 30, 2017 and the period April 2 through September 30, 2017, respectively. The Company anticipates net amortization of sales contracts, based upon expected shipments in the next five years, to be an expense of approximately $19 million during the three months ended December 31, 2018, and for the years 2019 through 2022, expense of approximately $26 million, $8 million, $3 million and $1 million, respectively. Future unutilized capacity and the amortization periods related to the take-or-pay contract intangible liabilities are based upon estimates of forecasted usage. Such amortization, which is classified as a reduction to “Operating costs and expenses” in the accompanying unaudited condensed consolidated statements of operations, amounted to $5.4 million and $21.5 million during the three and nine months ended September 30, 2018, respectively, and $6.5 million and $16.4 million during the three months ended September 30, 2017 and the period April 2 through September 30, 2017, respectively. The Company anticipates net amortization of take-or-pay contract intangible liabilities to be approximately $5 million during the three months ended December 31, 2018, and for the years 2019 through 2022, approximately $17 million, $9 million, $4 million and $3 million, respectively, and $26 million thereafter.

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