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Revenue Recognition
 12 Months Ended
Dec. 31, 2023
Revenue Recognition [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue
Revenue by product type and market is set forth in the following tables. 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.
Year Ended December 31, 2023
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
(Dollars in millions)
Thermal coal
Domestic$136.4 $— $1,193.9 $867.7 $— $2,198.0 
Export1,192.5 — — — — 1,192.5 
Total thermal1,328.9 — 1,193.9 867.7 — 3,390.5 
Metallurgical coal
Export— 1,299.6 — — — 1,299.6 
Total metallurgical— 1,299.6 — — — 1,299.6 
Other (2)
0.8 2.3 4.2 20.5 228.8 256.6 
Revenue$1,329.7 $1,301.9 $1,198.1 $888.2 $228.8 $4,946.7 
Year Ended December 31, 2022
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
 (Dollars in millions)
Thermal coal
Domestic$167.6 $— $1,066.0 $943.9 $— $2,177.5 
Export1,177.3 — — 3.5 — 1,180.8 
Total thermal1,344.9 — 1,066.0 947.4 — 3,358.3 
Metallurgical coal
Export— 1,610.8 — — — 1,610.8 
Total metallurgical— 1,610.8 — — — 1,610.8 
Other (2)
0.7 6.1 (0.5)4.8 1.7 12.8 
Revenue$1,345.6 $1,616.9 $1,065.5 $952.2 $1.7 $4,981.9 
Year Ended December 31, 2021
Seaborne ThermalSeaborne MetallurgicalPowder River BasinOther U.S. Thermal
Corporate and Other (1)
Consolidated
 (Dollars in millions)
Thermal coal
Domestic$173.5 $— $970.7 $669.9 $— $1,814.1 
Export759.0 — — 10.0 — 769.0 
Total thermal932.5 — 970.7 679.9 — 2,583.1 
Metallurgical coal
Export— 719.8 — — — 719.8 
Total metallurgical— 719.8 — — — 719.8 
Other (2)
1.5 7.9 0.5 9.2 (3.7)15.4 
Revenue$934.0 $727.7 $971.2 $689.1 $(3.7)$3,318.3 
(1)    Corporate and Other includes the following:
Year Ended December 31,
202320222021
(Dollars in millions)
Unrealized gains (losses) on derivative contracts related to forecasted sales$159.0 $(35.8)$(115.1)
Realized losses on derivative contracts related to forecasted sales(80.9)(455.1)(45.6)
Revenue from physical sale of coal (3)
109.4 470.7 140.3 
Trading revenue— 10.7 6.1 
Other (2)
41.3 11.2 10.6 
 Total Corporate and Other$228.8 $1.7 $(3.7)
(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.
Committed Revenue from Contracts with Customers
The Company expects to recognize revenue subsequent to December 31, 2023 of approximately $5.0 billion related to contracts with customers in which volumes and prices per ton were fixed or reasonably estimable at December 31, 2023. Approximately 43% of such amount is expected to be recognized over the next twelve months and the remainder thereafter. Actual revenue related to such contracts may differ materially for various reasons, including price adjustment features for coal quality and cost escalations, volume optionality provisions and potential force majeure events. This estimate of future revenue does not include any revenue related to contracts with variable prices per ton that cannot be reasonably estimated, such as the majority of seaborne metallurgical and seaborne thermal coal contracts where pricing is negotiated or settled quarterly or annually.
Accounts Receivable
“Accounts receivable, net” at December 31, 2023 and 2022 consisted of the following:
December 31,
20232022
 (Dollars in millions)
Trade receivables, net$322.3 $416.3 
Miscellaneous receivables, net67.4 49.2 
Accounts receivable, net$389.7 $465.5 
None of the above receivables included allowances for credit losses at December 31, 2023 or 2022. No charges for credit losses were recognized during the years ended December 31, 2023, 2022 or 2021.