Condensed Consolidating Financial Information, (As Restated for fiscal 2014 and 2013) (Tables)

12 Months Ended

Nov. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Condensed Consolidating Statements of Operations and Comprehensive (Loss) Income

Condensed Consolidating Statements of Operations and Comprehensive (Loss) Income

Year ended fiscal 2015	Parent			Guarantor Subsidiaries		Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net sales	$	—		$	1,667.7	$	40.6		$	—		$	1,708.3
Cost of sales (exclusive of items shown separately below)	—			1,462.6		29.6			(0.6		)	1,491.6
Selling, general and administrative	23.8			23.4		1.8			—			49.0
Depreciation and amortization	0.1			64.0		1.0			—			65.1
Interest expense	48.0			2.4		—			—			50.4
Other, net	12.4			58.0		(2.0		)	0.6			69.0
(Loss) income from continuing operations before income taxes	(84.3		)	57.3		10.2			—			(16.8		)
Income tax (benefit) provision	(31.1		)	27.5		3.9			—			0.3
(Loss) income from continuing operations	(53.2		)	29.8		6.3			—			(17.1		)
Income from discontinued operations	0.9			—		—			—			0.9
(Loss) income before equity income of subsidiaries	(52.3		)	29.8		6.3			—			(16.2		)
Equity income of subsidiaries	36.1			—		—			(36.1		)	—
Net (loss) income	$	(16.2	)	$	29.8	$	6.3		$	(36.1	)	$	(16.2	)
Comprehensive (loss) income	$	(24.2	)	$	21.9	$	6.3		$	(28.2	)	$	(24.2	)

Year ended fiscal 2014, As Restated	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net sales	$	—		$	1,575.7		$	26.5		$	—		$	1,602.2
Cost of sales (exclusive of items shown separately below)	—			1,382.8			23.9			(0.5		)	1,406.2
Selling, general and administrative	12.8			23.8			1.6			—			38.2
Depreciation and amortization	0.1			62.5			1.1			—			63.7
Interest expense	50.1			2.6			—			—			52.7
Other, net	59.1			18.5			(3.7		)	0.5			74.4
(Loss) income from continuing operations before income taxes	(122.1		)	85.5			3.6			—			(33.0		)
Income tax (benefit) provision	(8.3		)	22.9			1.7			—			16.3
(Loss) income from continuing operations	(113.8		)	62.6			1.9			—			(49.3		)
Loss from discontinued operations	(0.7		)	—			—			—			(0.7		)
(Loss) income before equity income of subsidiaries	(114.5		)	62.6			1.9			—			(50.0		)
Equity income of subsidiaries	64.5			—			—			(64.5		)	—
Net (loss) income	$	(50.0	)	$	62.6		$	1.9		$	(64.5	)	$	(50.0	)
Comprehensive (loss) income	$	(155.4	)	$	(25.0	)	$	1.9		$	23.1		$	(155.4	)

Year ended fiscal 2014, As Reported	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net sales	$	—		$	1,570.9		$	26.5		$	—		$	1,597.4
Cost of sales (exclusive of items shown separately below)	—			1,384.7			23.9			(0.5		)	1,408.1
Selling, general and administrative	12.6			23.7			1.6			—			37.9
Depreciation and amortization	0.1			62.5			1.1			—			63.7
Interest expense	50.1			2.6			—			—			52.7
Other, net	59.1			18.5			(3.7		)	0.5			74.4
(Loss) income from continuing operations before income taxes	(121.9		)	78.9			3.6			—			(39.4		)
Income tax (benefit) provision	(8.4		)	19.6			1.7			—			12.9
(Loss) income from continuing operations	(113.5		)	59.3			1.9			—			(52.3		)
Loss from discontinued operations	(0.7		)	—			—			—			(0.7		)
(Loss) income before equity income of subsidiaries	(114.2		)	59.3			1.9			—			(53.0		)
Equity income of subsidiaries	61.2			—			—			(61.2		)	—
Net (loss) income	$	(53.0	)	$	59.3		$	1.9		$	(61.2	)	$	(53.0	)
Comprehensive (loss) income	$	(164.8	)	$	(33.3	)	$	1.9		$	31.4		$	(164.8	)

Year ended fiscal 2013, As Restated	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net sales	$	—		$	1,349.7		$	28.4		$	—		$	1,378.1
Cost of sales (exclusive of items shown separately below)	—			1,211.0			23.9			(0.6		)	1,234.3
Selling, general and administrative	31.1			21.2			1.3			—			53.6
Depreciation and amortization	0.1			42.3			1.1			—			43.5
Interest expense	46.2			2.5			—			—			48.7
Other, net	32.8			2.9			(2.6		)	0.6			33.7
(Loss) income from continuing operations before income taxes	(110.2		)	69.8			4.7			—			(35.7		)
Income tax benefit	(81.8		)	(106.3		)	(10.3		)	—			(198.4		)
(Loss) income from continuing operations	(28.4		)	176.1			15.0			—			162.7
Income from discontinued operations	0.2			—			—			—			0.2
(Loss) income before equity income of subsidiaries	(28.2		)	176.1			15.0			—			162.9
Equity income of subsidiaries	191.1			—			—			(191.1		)	—
Net income	$	162.9		$	176.1		$	15.0		$	(191.1	)	$	162.9
Comprehensive income	$	420.9		$	366.1		$	15.0		$	(381.1	)	$	420.9

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

November 30, 2015	Parent			Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
	(In millions)
Cash and cash equivalents	$	221.9		$	—	$	—	$	(10.8	)	$	211.1
Accounts receivable	—			167.4		4.1		—			171.5
Inventories	—			150.8		6.7		—			157.5
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs	—			30.0		—		—			30.0
Other current assets, net	3.1			57.5		0.9		—			61.5
Income taxes	44.2			0.3		—		(41.6		)	2.9
Deferred income taxes	6.5			20.4		1.2		—			28.1
Total current assets	275.7			426.4		12.9		(52.4		)	662.6
Property, plant and equipment, net	4.7			355.3		5.8		—			365.8
Recoverable from the U.S. government and other third parties for environmental remediation costs	0.7			209.7		—		—			210.4
Deferred income taxes	66.2			203.4		17.1		—			286.7
Goodwill	—			158.1		—		—			158.1
Intercompany receivable	—			192.9		34.5		(227.4		)	—
Investments in subsidiaries	543.2			—		—		(543.2		)	—
Other noncurrent assets and intangibles, net	31.4			258.6		61.3		—			351.3
Total assets	$	921.9		$	1,804.4	$	131.6	$	(823.0	)	$	2,034.9
Short-term borrowings and current portion of long-term debt	$	5.0		$	0.3	$	—	$	—		$	5.3
Accounts payable	1.0			112.9		2.1		(10.8		)	105.2
Reserves for environmental remediation costs	0.7			31.9		—		—			32.6
Postretirement medical and life insurance benefits	4.6			1.4		—		—			6.0
Other current liabilities and advance payments on contracts	26.8			413.4		6.4		(41.6		)	405.0
Total current liabilities	38.1			559.9		8.5		(52.4		)	554.1
Long-term debt	646.6			0.1		—		—			646.7
Reserves for environmental remediation costs	4.5			269.0		—		—			273.5
Pension benefits	98.8			467.4		—		—			566.2
Intercompany payable	227.4			—		—		(227.4		)	—
Postretirement medical and life insurance benefits	32.9			12.6		—		—			45.5
Other noncurrent liabilities	19.1			62.6		12.7		—			94.4
Total liabilities	1,067.4			1,371.6		21.2		(279.8		)	2,180.4
Commitments and contingencies (Note 9)
Redeemable common stock	0.9			—		—		—			0.9
Total stockholders’ (deficit) equity	(146.4		)	432.8		110.4		(543.2		)	(146.4		)
Total liabilities, redeemable common stock, and stockholders’ (deficit) equity	$	921.9		$	1,804.4	$	131.6	$	(823.0	)	$	2,034.9

November 30, 2014, As Restated	Parent			Guarantor Subsidiaries		Non-guarantor Subsidiaries		Eliminations			Consolidated
	(In millions)
Cash and cash equivalents	$	271.6		$	—	$	—	$	(5.7	)	$	265.9
Accounts receivable	—			168.0		2.5		—			170.5
Inventories	—			132.6		5.4		—			138.0
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs	0.1			25.3		—		—			25.4
Other current assets, net	3.5			34.3		0.8		—			38.6
Income taxes	31.0			1.8		—		(30.7		)	2.1
Deferred income taxes	5.6			13.4		0.9		—			19.9
Total current assets	311.8			375.4		9.6		(36.4		)	660.4
Property, plant and equipment, net	4.7			355.9		5.9		—			366.5
Recoverable from the U.S. government and other third parties for environmental remediation costs	0.7			86.5		—		—			87.2
Deferred income taxes	57.4			186.1		17.9		—			261.4
Goodwill	—			158.1		—		—			158.1
Intercompany receivable	—			97.7		29.2		(126.9		)	—
Investments in subsidiaries	500.2			—		—		(500.2		)	—
Other noncurrent assets and intangibles, net	28.1			300.9		56.0		—			385.0
Total assets	$	902.9		$	1,560.6	$	118.6	$	(663.5	)	$	1,918.6
Short-term borrowings and current portion of long-term debt	$	5.0		$	0.3	$	—	$	—		$	5.3
Accounts payable	1.5			103.6		4.6		(5.7		)	104.0
Reserves for environmental remediation costs	1.0			30.9		—		—			31.9
Other current liabilities and advance payments on contracts	32.1			413.9		3.5		(30.7		)	418.8
Postretirement medical and life insurance benefits	5.0			1.4		—		—			6.4
Total current liabilities	44.6			550.1		8.1		(36.4		)	566.4
Long-term debt	776.6			0.3		—		—			776.9
Reserves for environmental remediation costs	4.8			129.3		—		—			134.1
Pension benefits	67.0			415.8		—		—			482.8
Intercompany payable	126.9			—		—		(126.9		)	—
Postretirement medical and life insurance benefits	37.7			14.0		—		—			51.7
Other noncurrent liabilities	19.2			49.8		11.6		—			80.6
Total liabilities	1,076.8			1,159.3		19.7		(163.3		)	2,092.5
Commitments and contingencies (Note 9)
Redeemable common stock	1.6			—		—		—			1.6
Total stockholders’ (deficit) equity	(175.5		)	401.3		98.9		(500.2		)	(175.5		)
Total liabilities, redeemable common stock, and stockholders’ (deficit) equity	$	902.9		$	1,560.6	$	118.6	$	(663.5	)	$	1,918.6

Schedule of Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

Year ended fiscal 2015	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net cash (used in) provided by operating activities	$	(66.3	)	$	130.2		$	6.3		$	(5.1	)	$	65.1
Cash flows from investing activities:
Capital expenditures	—			(35.8		)	(1.0		)	—			(36.8		)
Other investing	—			1.0			—			—			1.0
Net cash used in investing activities	—			(34.8		)	(1.0		)	—			(35.8		)
Cash flows from financing activities:
Debt repayments / repurchases	(81.0		)	(0.2		)	—			—			(81.2		)
Net transfers from (to) parent	100.5			(95.2		)	(5.3		)	—			—
Other financing activities	(2.9		)	—			—			—			(2.9		)
Net cash provided by (used in) financing activities	16.6			(95.4		)	(5.3		)	—			(84.1		)
Net decrease in cash and cash equivalents	(49.7		)	—			—			(5.1		)	(54.8		)
Cash and cash equivalents at beginning of year	271.6			—			—			(5.7		)	265.9
Cash and cash equivalents at end of period	$	221.9		$	—		$	—		$	(10.8	)	$	211.1

Year ended fiscal 2014, As Restated	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net cash (used in) provided by operating activities	$	(35.2	)	$	194.0		$	(2.5	)	$	(5.7	)	$	150.6
Cash flows from investing activities:
Capital expenditures	(0.1		)	(42.8		)	(0.5		)	—			(43.4		)
Other investing activities	0.2			7.5			—			—			7.7
Net cash provided by (used in) investing activities	0.1			(35.3		)	(0.5		)	—			(35.7		)
Cash flows from financing activities:
Debt repayments / repurchases	(166.1		)	(0.2		)	—			—			(166.3		)
Proceeds from issuance of debt	189.0			—			—			—			189.0
Debt issuance costs	(4.2		)	—			—			—			(4.2		)
Net transfers from (to) parent	160.4			(163.4		)	3.0			—			—
Other financing activities	(65.1		)	—			—			—			(65.1		)
Net cash provided by (used in) financing activities	114.0			(163.6		)	3.0			—			(46.6		)
Net increase (decrease) in cash and cash equivalents	78.9			(4.9		)	—			(5.7		)	68.3
Cash and cash equivalents at beginning of year	192.7			4.9			—			—			197.6
Cash and cash equivalents at end of period	$	271.6		$	—		$	—		$	(5.7	)	$	265.9

Year ended fiscal 2014, As Reported	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net cash (used in) provided by operating activities	$	(35.4	)	$	194.0		$	(2.5	)	$	(5.7	)	$	150.4
Cash flows from investing activities:
Capital expenditures	(0.1		)	(42.8		)	(0.5		)	—			(43.4		)
Other investing activities	0.2			7.5			—			—			7.7
Net cash provided by (used in) investing activities	0.1			(35.3		)	(0.5		)	—			(35.7		)
Cash flows from financing activities:
Debt repayments / repurchases	(166.1		)	(0.2		)	—			—			(166.3		)
Proceeds from issuance of debt	189.0			—			—			—			189.0
Debt issuance costs	(4.2		)	—			—			—			(4.2		)
Net transfers from (to) parent	160.4			(163.4		)	3.0			—			—
Other financing activities	(64.9		)	—			—			—			(64.9		)
Net cash provided by (used in) financing activities	114.2			(163.6		)	3.0			—			(46.4		)
Net increase (decrease) in cash and cash equivalents	78.9			(4.9		)	—			(5.7		)	68.3
Cash and cash equivalents at beginning of year	192.7			4.9			—			—			197.6
Cash and cash equivalents at end of period	$	271.6		$	—		$	—		$	(5.7	)	$	265.9

Year ended fiscal 2013, As Restated	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net cash (used in) provided by operating activities	$	(40.4	)	$	105.1		$	2.4		$	10.3		$	77.4
Cash flows from investing activities:
Capital expenditures	—			(62.5		)	(0.7		)	—			(63.2		)
Other investing	—			(411.7		)	—			—			(411.7		)
Net cash used in investing activities	—			(474.2		)	(0.7		)	—			(474.9		)
Cash flows from financing activities:
Debt repayments / repurchases	(12.6		)	(0.2		)	—			—			(12.8		)
Proceeds from issuance of debt	460.0			—			—			—			460.0
Debt issuance costs	(14.9		)	—			—			—			(14.9		)
Net transfers (to) from parent	(372.5		)	374.2			(1.7		)	—			—
Other financing activities	0.7			—			—			—			0.7
Net cash provided by financing activities	60.7			374.0			(1.7		)	—			433.0
Net increase in cash and cash equivalents	20.3			4.9			—			10.3			35.5
Cash and cash equivalents at beginning of year	172.4			—			—			(10.3		)	162.1
Cash and cash equivalents at end of period	$	192.7		$	4.9		$	—		$	—		$	197.6

Year ended fiscal 2013, As Reported	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Eliminations			Consolidated
	(In millions)
Net cash (used in) provided by operating activities	$	(40.2	)	$	105.1		$	2.4		$	10.3		$	77.6
Cash flows from investing activities:
Capital expenditures	—			(62.5		)	(0.7		)	—			(63.2		)
Other investing	—			(411.7		)	—			—			(411.7		)
Net cash used in investing activities	—			(474.2		)	(0.7		)	—			(474.9		)
Cash flows from financing activities:
Debt repayments / repurchases	(12.6		)	(0.2		)	—			—			(12.8		)
Proceeds from issuance of debt	460.0			—			—			—			460.0
Debt issuance costs	(14.9		)	—			—			—			(14.9		)
Net transfers (to) from parent	(372.5		)	374.2			(1.7		)	—			—
Other financing activities	0.5			—			—			—			0.5
Net cash provided by financing activities	60.5			374.0			(1.7		)	—			432.8
Net increase in cash and cash equivalents	20.3			4.9			—			10.3			35.5
Cash and cash equivalents at beginning of year	172.4			—			—			(10.3		)	162.1
Cash and cash equivalents at end of period	$	192.7		$	4.9		$	—		$	—		$	197.6