XML 51 R38.htm IDEA: XBRL DOCUMENT
v3.19.1

Derivatives and Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Fair Value Disclosures [Abstract] |
Fair Value, by Balance Sheet Grouping [Table Text Block] | The fair value of derivatives reflected in the accompanying condensed consolidated balance sheets are set forth in the table below.
| March 31, 2019 |  | December 31, 2018
| Asset Derivative |  | Liability Derivative |  | Asset Derivative |  | Liability Derivative
| (Dollars in millions)
Foreign currency option contracts | $ | 1.3 |  |  | $ | — |  |  | $ | 1.2 |  |  | $ | — |
Coal contracts related to forecasted sales | 23.0 |  |  | (7.9 | ) |  | 6.6 |  |  | (23.1 | )
Coal trading contracts | 144.9 |  |  | (137.7 | ) |  | 59.7 |  |  | (64.4 | )
Total derivatives | 169.2 |  |  | (145.6 | ) |  | 67.5 |  |  | (87.5 | )
Effect of counterparty netting | (145.5 | ) |  | 145.5 |  |  | (64.5 | ) |  | 64.5 |
Variation margin (held) posted | (18.2 | ) |  | — |  |  | — |  |  | 21.8 |
Net derivatives and margin as classified in the balance sheets | $ | 5.5 |  |  | $ | (0.1 | ) |  | $ | 3.0 |  |  | $ | (1.2 | )
Derivative Instruments, Gain (Loss) [Table Text Block] | The tables below show the amounts of pre-tax gains and losses related to the Company’s derivatives.
|  | Three Months Ended March 31, 2019
|  | Total (loss) gain recognized in income |  | (Loss) gain realized in income on derivatives |  | Unrealized (loss) gain recognized in income on derivatives
Financial Instrument |  |  |
|  | (Dollars in millions)
Foreign currency option contracts |  | $ | (1.1 | ) |  | $ | (1.3 | ) |  | $ | 0.2 |
Coal contracts related to forecasted sales |  | 50.7 |  |  | 10.9 |  |  | 39.8 |
Coal trading contracts |  | (1.1 | ) |  | (4.8 | ) |  | 3.7 |
Total |  | $ | 48.5 |  |  | $ | 4.8 |  |  | $ | 43.7 |
|  | Three Months Ended March 31, 2018
|  | Total (loss) gain recognized in income |  | (Loss) gain realized in income on derivatives |  | Unrealized (loss) gain recognized in income on derivatives
Financial Instrument |  |  |
|  | (Dollars in millions)
Foreign currency option contracts |  | $ | (4.2 | ) |  | $ | (2.4 | ) |  | $ | (1.8 | )
Coal contracts related to forecasted sales |  | 59.8 |  |  | 21.2 |  |  | 38.6 |
Coal trading contracts |  | (1.0 | ) |  | (2.8 | ) |  | 1.8 |
Total |  | $ | 54.6 |  |  | $ | 16.0 |  |  | $ | 38.6 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | The following tables set forth the hierarchy of the Company’s net financial asset positions for which fair value is measured on a recurring basis:
| March 31, 2019
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (Dollars in millions)
Foreign currency option contracts | $ | — |  |  | $ | 1.3 |  |  | $ | — |  |  | $ | 1.3 |
Coal contracts related to forecasted sales | — |  |  | 18.8 |  |  | — |  |  | 18.8 |
Coal trading contracts | — |  |  | (14.7 | ) |  | — |  |  | (14.7 | )
Equity securities | — |  |  | — |  |  | 10.0 |  |  | 10.0 |
Total net financial assets | $ | — |  |  | $ | 5.4 |  |  | $ | 10.0 |  |  | $ | 15.4 |
| December 31, 2018
| Level 1 |  | Level 2 |  | Level 3 |  | Total
| (Dollars in millions)
Foreign currency option contracts | $ | — |  |  | $ | 1.2 |  |  | $ | — |  |  | $ | 1.2 |
Coal contracts related to forecasted sales | — |  |  | (21.2 | ) |  | — |  |  | (21.2 | )
Coal trading contracts | — |  |  | 21.8 |  |  | — |  |  | 21.8 |
Equity securities | — |  |  | — |  |  | 10.0 |  |  | 10.0 |
Total net financial assets | $ | — |  |  | $ | 1.8 |  |  | $ | 10.0 |  |  | $ | 11.8 |
Carrying Amounts And Estimated Fair Values Of Companys Debt [Table Text Block] | The carrying amount and estimated fair values of the Company’s current and long-term debt as of March 31, 2019 and December 31, 2018 are summarized as follows:
| March 31, 2019 |  | December 31, 2018
| Carrying Amount |  | Estimated Fair Value |  | Carrying Amount |  | Estimated Fair Value
| (Dollars in millions)
Current and Long-term debt | $ | 1,361.7 |  |  | $ | 1,406.6 |  |  | $ | 1,367.0 |  |  | $ | 1,366.2 |

X
- Definition Carrying amounts and estimated fair values of the Company's debt. + References No definition available. + Details
Name: | btu_CarryingAmountsAndEstimatedFairValuesOfCompanysDebtTableTextBlock
Namespace Prefix: | btu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=75026489&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77997519&loc=d3e13433-108611 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5618551-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration