XML 20 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Millions
Nov. 30, 2015
Aug. 31, 2015
May. 31, 2015
Feb. 28, 2015
Nov. 30, 2014
Aug. 31, 2014
May. 31, 2014
Feb. 28, 2014
Nov. 30, 2013
Nov. 30, 2012
Current Assets                    
Cash and cash equivalents $ 211.1 $ 243.3 $ 253.5 $ 215.7 $ 265.9 $ 154.9 $ 120.7 $ 144.1 $ 197.6 $ 162.1
Accounts receivable 171.5 189.3 175.6 190.0 170.5 200.5 177.3 186.1    
Inventories 157.5 147.9 150.1 161.5 138.0 131.8 131.7 136.2    
Recoverable from the U.S. government and other third parties for environmental remediation costs 24.0 23.2 23.7 23.5 19.4 20.1 21.0 22.4    
Other current assets, net 61.5 63.3 49.0 43.7 38.6 30.1 24.5 28.6    
Income taxes 2.9     2.3 2.1 13.7 11.8 11.8    
Deferred income taxes 28.1 14.0 19.3 18.7 19.9 10.7 18.6 19.2    
Total Current Assets 662.6 687.0 677.2 661.4 660.4 567.8 511.6 554.4    
Noncurrent Assets                    
Property, plant and equipment, net 365.8 351.8 356.3 357.2 366.5 369.3 369.6 372.4    
Real estate held for entitlement and leasing 86.2 84.2 82.9 81.5 94.4 87.3 83.2 81.2    
Recoverable from the U.S. government and other third parties for environmental remediation costs 210.4 123.2 76.8 79.3 87.2 89.6 87.5 92.5    
Deferred income taxes 286.7 254.6 247.3 256.0 261.4 182.5 180.2 185.6    
Goodwill 158.1 158.1 158.1 158.1 158.1 158.1 158.1 153.1    
Intangible assets 108.8 112.1 115.5 118.8 122.2 125.6 128.9 132.3    
Income taxes 7.9       6.6          
Other noncurrent assets, net 85.7 116.6 115.5 99.8 93.0 94.1 86.9 80.0    
Total Noncurrent Assets 1,372.3 1,270.6 1,222.1 1,234.3 1,258.2 1,174.5 1,161.6 1,163.4    
Total Assets 2,034.9 1,957.6 1,899.3 1,895.7 1,918.6 1,742.3 1,673.2 1,717.8    
Current Liabilities                    
Short-term borrowings and current portion of long-term debt 5.3 5.3 5.3 5.3 5.3 5.5 4.2 3.0    
Accounts payable 105.2 88.7 88.1 85.0 104.0 115.4 94.4 97.1    
Reserves for environmental remediation costs 32.6 37.6 38.7 38.3 31.9 35.0 36.0 38.0    
Postretirement medical and life insurance benefits 6.0 6.4 6.4 6.4 6.4 7.2 7.2 7.2    
Advance payments on contracts 203.7 211.7 197.3 207.0 197.4 116.0 103.4 94.2    
Other current liabilities 201.3 243.7 200.9 213.5 221.4 218.1 183.7 217.7    
Total Current Liabilities 554.1 593.4 536.7 555.5 566.4 497.2 428.9 457.2    
Noncurrent Liabilities                    
Senior debt 88.8 90.0 91.3 92.5 93.8 95.0 96.3 41.9    
Second-priority senior notes 460.0 460.0 460.0 460.0 460.0 460.0 460.0 460.0    
Convertible subordinated notes 84.8 84.8 98.0 99.4 133.8 133.6 143.0 188.7    
Other debt 13.1 21.1 63.3 81.3 89.3 89.4 79.5 0.5    
Reserves for environmental remediation costs 273.5 198.5 122.8 124.3 134.1 133.6 127.7 132.4    
Pension benefits 566.2 471.9 475.5 479.1 482.8 257.7 262.1 266.5    
Postretirement medical and life insurance benefits 45.5 49.4 50.1 50.6 51.7 57.1 57.5 58.5    
Other noncurrent liabilities 94.4 97.8 99.7 81.8 80.6 79.3 78.3 76.5    
Total Noncurrent Liabilities 1,626.3 1,473.5 1,460.7 1,469.0 1,526.1 1,305.7 1,304.4 1,225.0    
Total Liabilities $ 2,180.4 2,066.9 1,997.4 2,024.5 $ 2,092.5 1,802.9 1,733.3 1,682.2    
Commitments and contingencies                
Redeemable common stock, par value of $0.10; 0.1 million shares issued and outstanding as of November 30, 2015 and 2014 $ 0.9 0.1 0.1 0.1 $ 1.6 0.2 0.1 0.1    
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; 62.9 million shares issued and outstanding as of November 30, 2015; 56.9 million shares issued and outstanding as of November 30, 2014 6.5 6.4 6.3 6.3 5.9 5.9 5.9 5.9    
Other capital 340.1 340.5 325.8 324.6 287.4 285.4 283.2 281.6    
Treasury stock at cost, 3.5 million shares as of November 30, 2015 and 2014 (64.5) (64.5) (64.5) (64.5) (64.5) (64.5) (64.5) (8.6)    
Accumulated deficit (86.8) (94.5) (56.6) (73.9) (70.6) (82.5) (72.0) (22.8)    
Accumulated other comprehensive loss, net of income taxes (341.7) (297.3) (309.2) (321.4) (333.7) (205.1) (212.8) (220.6) (228.3)  
Total Stockholders’ Deficit (146.4) (109.4) (98.2) (128.9) (175.5) (60.8) (60.2) 35.5 $ 37.3 $ (394.3)
Total liabilities, redeemable common stock, and stockholders’ (deficit) equity 2,034.9 1,957.6 1,899.3 1,895.7 1,918.6 1,742.3 1,673.2 1,717.8    
Northrop [Member]                    
Current Assets                    
Receivable from Northrop Grumman Corporation (“Northrop”) 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0    
Noncurrent Assets                    
Receivable from Northrop $ 62.7 $ 70.0 $ 69.7 $ 69.4 $ 68.8 $ 68.0 $ 67.2 $ 66.3