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Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue Recognition [Abstract] |
Disaggregation of Revenue by Product Type and Market | With respect to its seaborne reporting segments, the Company classifies as “Export” certain revenue from domestically-delivered coal under contracts in which the price is derived on a basis similar to export contracts.
| Three Months Ended September 30, 2023
| Seaborne Thermal |  | Seaborne Metallurgical |  | Powder River Basin |  | Other U.S. Thermal |  | Corporate and Other (1) |  | Consolidated
| (Dollars in millions)
Thermal coal |  |  |  |  |  |  |  |  |  |  |
Domestic | $ | 31.3 |  |  | $ | — |  |  | $ | 313.3 |  |  | $ | 227.1 |  |  | $ | — |  |  | $ | 571.7 |
Export | 265.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 265.9 |
Total thermal | 297.2 |  |  | — |  |  | 313.3 |  |  | 227.1 |  |  | — |  |  | 837.6 |
Metallurgical coal |  |  |  |  |  |  |  |  |  |  |
Export | — |  |  | 246.0 |  |  | — |  |  | — |  |  | — |  |  | 246.0 |
Total metallurgical | — |  |  | 246.0 |  |  | — |  |  | — |  |  | — |  |  | 246.0 |
Other (2) | 0.2 |  |  | 1.0 |  |  | (0.3) |  |  | 1.1 |  |  | (6.7) |  |  | (4.7) |
Revenue | $ | 297.4 |  |  | $ | 247.0 |  |  | $ | 313.0 |  |  | $ | 228.2 |  |  | $ | (6.7) |  |  | $ | 1,078.9 |
| Three Months Ended September 30, 2022
| Seaborne Thermal |  | Seaborne Metallurgical |  | Powder River Basin |  | Other U.S. Thermal |  | Corporate and Other (1) |  | Consolidated
| (Dollars in millions)
Thermal coal |  |  |  |  |  |  |  |  |  |  |
Domestic | $ | 44.8 |  |  | $ | — |  |  | $ | 290.2 |  |  | $ | 259.8 |  |  | $ | — |  |  | $ | 594.8 |
Export | 308.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 308.3 |
Total thermal | 353.1 |  |  | — |  |  | 290.2 |  |  | 259.8 |  |  | — |  |  | 903.1 |
Metallurgical coal |  |  |  |  |  |  |  |  |  |  |
Export | — |  |  | 309.9 |  |  | — |  |  | — |  |  | — |  |  | 309.9 |
Total metallurgical | — |  |  | 309.9 |  |  | — |  |  | — |  |  | — |  |  | 309.9 |
Other (2) | 0.1 |  |  | 0.8 |  |  | 0.3 |  |  | 1.6 |  |  | 126.7 |  |  | 129.5 |
Revenue | $ | 353.2 |  |  | $ | 310.7 |  |  | $ | 290.5 |  |  | $ | 261.4 |  |  | $ | 126.7 |  |  | $ | 1,342.5 |
| Nine Months Ended September 30, 2023
| Seaborne Thermal |  | Seaborne Metallurgical |  | Powder River Basin |  | Other U.S. Thermal |  | Corporate and Other (1) |  | Consolidated
| (Dollars in millions)
Thermal coal |  |  |  |  |  |  |  |  |  |  |
Domestic | $ | 100.7 |  |  | $ | — |  |  | $ | 878.1 |  |  | $ | 673.2 |  |  | $ | — |  |  | $ | 1,652.0 |
Export | 942.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 942.2 |
Total thermal | 1,042.9 |  |  | — |  |  | 878.1 |  |  | 673.2 |  |  | — |  |  | 2,594.2 |
Metallurgical coal |  |  |  |  |  |  |  |  |  |  |
Export | — |  |  | 904.8 |  |  | — |  |  | — |  |  | — |  |  | 904.8 |
Total metallurgical | — |  |  | 904.8 |  |  | — |  |  | — |  |  | — |  |  | 904.8 |
Other (2) | 0.5 |  |  | 3.1 |  |  | (0.1) |  |  | 4.3 |  |  | 204.9 |  |  | 212.7 |
Revenue | $ | 1,043.4 |  |  | $ | 907.9 |  |  | $ | 878.0 |  |  | $ | 677.5 |  |  | $ | 204.9 |  |  | $ | 3,711.7 |
| Nine Months Ended September 30, 2022
| Seaborne Thermal |  | Seaborne Metallurgical |  | Powder River Basin |  | Other U.S. Thermal |  | Corporate and Other (1) |  | Consolidated
| (Dollars in millions)
Thermal coal |  |  |  |  |  |  |  |  |  |  |
Domestic | $ | 125.0 |  |  | $ | — |  |  | $ | 771.6 |  |  | $ | 682.5 |  |  | $ | — |  |  | $ | 1,579.1 |
Export | 833.7 |  |  | — |  |  | — |  |  | 1.0 |  |  | — |  |  | 834.7 |
Total thermal | 958.7 |  |  | — |  |  | 771.6 |  |  | 683.5 |  |  | — |  |  | 2,413.8 |
Metallurgical coal |  |  |  |  |  |  |  |  |  |  |
Export | — |  |  | 1,161.2 |  |  | — |  |  | — |  |  | — |  |  | 1,161.2 |
Total metallurgical | — |  |  | 1,161.2 |  |  | — |  |  | — |  |  | — |  |  | 1,161.2 |
Other (2) | 0.6 |  |  | 4.6 |  |  | (0.2) |  |  | 5.9 |  |  | (230.1) |  |  | (219.2) |
Revenue | $ | 959.3 |  |  | $ | 1,165.8 |  |  | $ | 771.4 |  |  | $ | 689.4 |  |  | $ | (230.1) |  |  | $ | 3,355.8 |
(1) Corporate and Other includes the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Dollars in millions)
Unrealized gains (losses) on derivative contracts related to forecasted sales | $ | — |  |  | $ | 90.4 |  |  | $ | 159.0 |  |  | $ | (235.1) |
Realized losses on derivative contracts related to forecasted sales | — |  |  | (117.4) |  |  | (80.9) |  |  | (308.0) |
Revenue from physical sale of coal (3) | (10.4) |  |  | 150.7 |  |  | 97.4 |  |  | 294.0 |
Trading revenue | (0.1) |  |  | 0.3 |  |  | — |  |  | 10.7 |
Other (2) | 3.8 |  |  | 2.7 |  |  | 29.4 |  |  | 8.3 |
Total Corporate and Other | $ | (6.7) |  |  | $ | 126.7 |  |  | $ | 204.9 |  |  | $ | (230.1) |
(2) Includes revenue from arrangements such as customer contract-related payments associated with volume shortfalls; royalties related to coal lease agreements; sales agency commissions; farm income; property and facility rentals; and revenue related to the Company’s assignment of rights to its excess port and rail capacity. (3) Includes revenue recognized upon the physical sale of coal purchased from the Company’s operating segments and sold to customers through the Company’s coal trading business as part of settling certain derivative contracts. Primarily represents the difference between the price contracted with the customer and the price allocated to the operating segment.
Schedule of Accounts Receivable | “Accounts receivable, net” at September 30, 2023 and December 31, 2022 consisted of the following:
| September 30, 2023 |  | December 31, 2022
| (Dollars in millions)
Trade receivables, net | $ | 294.1 |  |  | $ | 416.3 |
Miscellaneous receivables, net | 54.3 |  |  | 49.2 |
Accounts receivable, net | $ | 348.4 |  |  | $ | 465.5 |

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