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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Reportable Segment Results | Reportable segment results were as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (Dollars in millions)
Revenues: |  |  |  |  |  |  |
Seaborne Thermal Mining | $ | 260.7 |  |  | $ | 163.0 |  |  | $ | 631.2 |  |  | $ | 526.1 |
Seaborne Metallurgical Mining | 179.5 |  |  | 78.8 |  |  | 388.0 |  |  | 363.6 |
Powder River Basin Mining | 247.1 |  |  | 264.8 |  |  | 724.1 |  |  | 737.2 |
Other U.S. Thermal Mining | 184.6 |  |  | 179.8 |  |  | 496.0 |  |  | 524.1 |
Corporate and Other | (192.9) |  |  | (15.4) |  |  | (185.6) |  |  | (7.1) |
Total | $ | 679.0 |  |  | $ | 671.0 |  |  | $ | 2,053.7 |  |  | $ | 2,143.9 |
Adjusted EBITDA: |  |  |  |  |  |  |
Seaborne Thermal Mining | $ | 104.4 |  |  | $ | 35.3 |  |  | $ | 204.3 |  |  | $ | 118.1 |
Seaborne Metallurgical Mining | 57.4 |  |  | (27.3) |  |  | 8.6 |  |  | (96.1) |
Powder River Basin Mining | 37.0 |  |  | 78.3 |  |  | 112.6 |  |  | 143.0 |
Other U.S. Thermal Mining | 45.1 |  |  | 51.6 |  |  | 125.6 |  |  | 123.0 |
Corporate and Other | 45.2 |  |  | (42.5) |  |  | 21.2 |  |  | (132.4) |
Total | $ | 289.1 |  |  | $ | 95.4 |  |  | $ | 472.3 |  |  | $ | 155.6 |
Reconciliation of Consolidated (Loss) Income from Continuing Operations, Net of Income Taxes to Adjusted EBITDA | A reconciliation of consolidated loss from continuing operations, net of income taxes to Adjusted EBITDA follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (Dollars in millions)
Loss from continuing operations, net of income taxes | $ | (59.6) |  |  | $ | (64.8) |  |  | $ | (160.3) |  |  | $ | (1,739.4) |
Depreciation, depletion and amortization | 77.9 |  |  | 72.2 |  |  | 223.3 |  |  | 266.5 |
Asset retirement obligation expenses | 14.3 |  |  | 14.3 |  |  | 45.3 |  |  | 46.0 |
Restructuring charges | 1.7 |  |  | 8.1 |  |  | 5.9 |  |  | 31.1 |
Transaction costs related to joint ventures | — |  |  | 6.0 |  |  | — |  |  | 23.1 |
Asset impairment | — |  |  | — |  |  | — |  |  | 1,418.1 |
Changes in deferred tax asset valuation allowance and reserves and amortization of basis difference related to equity affiliates | (6.4) |  |  | (0.5) |  |  | (8.4) |  |  | (1.6) |
Interest expense | 45.5 |  |  | 34.9 |  |  | 143.3 |  |  | 102.3 |
Net gain on early debt extinguishment | (16.0) |  |  | — |  |  | (31.3) |  |  | — |
Interest income | (1.4) |  |  | (1.6) |  |  | (4.2) |  |  | (7.1) |
Net mark-to-market adjustment on actuarially determined liabilities | — |  |  | 13.0 |  |  | — |  |  | 13.0 |
Unrealized losses on derivative contracts related to forecasted sales | 238.4 |  |  | 16.1 |  |  | 264.0 |  |  | 11.3 |
Unrealized (gains) losses on foreign currency option contracts | (0.6) |  |  | (0.7) |  |  | 8.2 |  |  | (3.6) |
Take-or-pay contract-based intangible recognition | (1.0) |  |  | (1.5) |  |  | (3.2) |  |  | (6.8) |
Income tax (benefit) provision | (3.7) |  |  | (0.1) |  |  | (10.3) |  |  | 2.7 |
Adjusted EBITDA | $ | 289.1 |  |  | $ | 95.4 |  |  | $ | 472.3 |  |  | $ | 155.6 |

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