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Long-term Debt (Tables) | 9 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company’s total indebtedness as of September 30, 2022 and December 31, 2021 consisted of the following:
Debt Instrument (defined below, as applicable) | September 30, 2022 |  | December 31, 2021
| (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) | 81.6 |  |  | 193.9 |
Senior Secured Term Loan due 2024 (Co-Issuer Term Loans) | 114.6 |  |  | 206.0 |
6.375% Senior Secured Notes due March 2025 (2025 Notes) | 66.2 |  |  | 334.9 |
Senior Secured Term Loan due 2025, net of original issue discount (Senior Secured Term Loan) | 282.6 |  |  | 322.8 |
3.250% Convertible Senior Notes due March 2028 (2028 Convertible Notes) | 320.0 |  |  | — |
Finance lease obligations | 25.7 |  |  | 29.3 |
Less: Debt issuance costs | (21.5) |  |  | (34.8) |
| 869.2 |  |  | 1,137.8 |
Less: Current portion of long-term debt (1) | 546.9 |  |  | 59.6 |
Long-term debt | $ | 322.3 |  |  | $ | 1,078.2 |
(1) The Company has the positive intent and ability to retire additional debt in the next twelve months using working capital. As such, all debt with the exception of the 2028 Convertible Notes and finance lease obligations was classified within “Current portion of long-term debt” in the accompanying condensed consolidated balance sheets at September 30, 2022.
Schedule of Interest Charges | 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.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
| (Dollars in millions)
Indebtedness | $ | 20.8 |  |  | $ | 31.9 |  |  | $ | 70.7 |  |  | $ | 105.0 |
Financial assurance instruments | 13.0 |  |  | 13.6 |  |  | 40.1 |  |  | 38.3 |
Interest expense | $ | 33.8 |  |  | $ | 45.5 |  |  | $ | 110.8 |  |  | $ | 143.3 |
Cash paid for interest | $ | 26.4 |  |  | $ | 40.0 |  |  | $ | 104.2 |  |  | $ | 144.3 |
Non-cash interest expense | $ | 4.6 |  |  | $ | 4.9 |  |  | $ | 13.6 |  |  | $ | 15.2 |

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