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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
May. 31, 2015
Nov. 30, 2014
Current Assets    
Cash and cash equivalents $ 253.5 $ 265.9
Accounts receivable 173.7 172.9
Inventories 150.3 139.0
Recoverable from the U.S. government and other third parties for environmental remediation costs 23.7 19.4
Other current assets, net 45.4 38.0
Deferred income taxes 24.8 25.3
Total Current Assets 677.4 666.5
Noncurrent Assets    
Property, plant and equipment, net 356.3 367.5
Real estate held for entitlement and leasing 82.9 94.4
Recoverable from the U.S. government and other third parties for environmental remediation costs 76.8 81.2
Deferred income taxes 245.3 259.0
Goodwill 164.4 164.4
Intangible assets 115.5 122.2
Other noncurrent assets, net 109.8 91.6
Total Noncurrent Assets 1,220.7 1,255.1
Total Assets 1,898.1 1,921.6
Current Liabilities    
Short-term borrowings and current portion of long-term debt 5.3 5.3
Accounts payable 87.6 103.5
Reserves for environmental remediation costs 38.7 31.9
Postretirement medical and life insurance benefits 6.4 6.4
Advance payments on contracts 197.3 198.5
Other current liabilities 198.5 221.7
Total Current Liabilities 533.8 567.3
Noncurrent Liabilities    
Senior debt 91.3 93.8
Second-priority senior notes 460.0 460.0
Convertible subordinated notes 98.0 133.8
Other debt 63.3 89.3
Reserves for environmental remediation costs 122.8 134.1
Pension benefits 475.4 482.8
Postretirement medical and life insurance benefits 50.1 51.7
Other noncurrent liabilities 99.0 79.7
Total Noncurrent Liabilities 1,459.9 1,525.2
Total Liabilities $ 1,993.7 $ 2,092.5
Commitments and contingencies (Note 7)    
Redeemable common stock, par value of $0.10; less than 0.1 million shares issued and outstanding as of May 31, 2015; 0.1 million shares issued and outstanding as of November 30, 2014 $ 0.1 $ 1.6
Stockholders’ Deficit    
Preference stock, par value of $1.00; 15.0 million shares authorized; none issued or outstanding 0.0 0.0
Common stock, par value of $0.10; 150.0 million shares authorized; 61.3 million shares issued and outstanding as of May 31, 2015; 56.9 million shares issued and outstanding as of November 30, 2014 6.3 5.9
Other capital 324.8 287.3
Treasury stock at cost, 3.5 million shares as of May 31, 2015 and November 30, 2014 (64.5) (64.5)
Accumulated deficit (52.5) (67.0)
Accumulated other comprehensive loss, net of income taxes (309.8) (334.2)
Total Stockholders’ Deficit (95.7) (172.5)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit 1,898.1 1,921.6
Northrop [Member]    
Current Assets    
Receivable from Northrop Grumman Corporation (“Northrop”) 6.0 6.0
Noncurrent Assets    
Receivable from Northrop $ 69.7 $ 74.8