XML 100 R90.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidating Financial Information - Schedule of Unaudited Condensed Consolidating Balance Sheets (Details) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Nov. 30, 2015
Feb. 28, 2015
Nov. 30, 2014
Condensed Balance Sheet Statements, Captions [Line Items]          
Cash and cash equivalents $ 155.5 $ 208.5 $ 211.1 $ 215.7 $ 265.9
Accounts receivable 182.3 169.5 171.5 190.0  
Inventories 170.6 156.2 157.5 161.5  
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs 33.1 30.0 30.0    
Other current assets, net   69.2 61.5    
Other current assets, net 70.8 69.2 64.4 43.7  
Income taxes 1.6 1.6 2.9 2.3  
Deferred income taxes 36.7 36.5 28.1 18.7  
Total Current Assets 649.0 669.9 662.6 661.4  
Property, plant and equipment, net 359.4 363.3 365.8 357.2  
Recoverable from the U.S. government and other third parties for environmental remediation costs 201.9 207.2 210.4 79.3  
Deferred income taxes 286.2 288.3 286.7 256.0  
Goodwill 158.1 158.1 158.1 158.1  
Intercompany receivable 0.0 0.0 0.0    
Investments in subsidiaries 0.0 0.0 0.0    
Other noncurrent assets and intangibles, net 333.4 338.7 339.7    
Total Assets 1,988.0 2,025.5 2,023.3 1,880.8  
Short-term borrowings and current portion of long-term debt, net of deferred financing costs 5.2 5.3 5.3 5.2  
Accounts payable 86.7 64.2 105.2 85.0  
Reserves for environmental remediation costs 37.1 32.6 32.6 38.3  
Other current liabilities and advance payments on contracts 381.3 434.0 405.0    
Postretirement medical and life insurance benefits 6.0 6.0 6.0 6.4  
Total Current Liabilities 516.3 542.1 554.1 555.4  
Long-term debt, net 620.4 633.7 635.1    
Reserves for environmental remediation costs 262.2 269.7 273.5 124.3  
Pension benefits 575.0 580.6 566.2 479.1  
Intercompany payable 0.0 0.0 0.0    
Postretirement medical and life insurance benefits 44.1 44.8 45.5 50.6  
Other noncurrent liabilities 94.0 95.2 94.4 81.8  
Total Liabilities $ 2,112.0 $ 2,166.1 $ 2,168.8 2,009.6  
Commitments and contingencies    
Redeemable common stock $ 1.3 $ 1.6 $ 0.9    
Total stockholders’ (deficit) equity (125.3) (142.2) (146.4) (128.9)  
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit 1,988.0 2,025.5 2,023.3 1,880.8  
Eliminations [Member]          
Condensed Balance Sheet Statements, Captions [Line Items]          
Cash and cash equivalents (0.2) (6.7) (10.8) (0.7) (5.7)
Accounts receivable 0.0 0.0 0.0    
Inventories 0.0 0.0 0.0    
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs 0.0 0.0 0.0    
Other current assets, net   0.0 0.0    
Other current assets, net 0.0        
Income taxes     (41.6)    
Deferred income taxes 0.0 0.0 0.0    
Total Current Assets (0.2) (6.7) (52.4)    
Property, plant and equipment, net 0.0 0.0 0.0    
Recoverable from the U.S. government and other third parties for environmental remediation costs 0.0 0.0 0.0    
Deferred income taxes 0.0 0.0 0.0    
Goodwill 0.0 0.0 0.0    
Intercompany receivable (139.4) (169.3) (227.4)    
Investments in subsidiaries (573.8) (550.6) (543.2)    
Other noncurrent assets and intangibles, net 0.0 0.0 0.0    
Total Assets (713.4) (726.6) (823.0)    
Short-term borrowings and current portion of long-term debt, net of deferred financing costs 0.0 0.0 0.0    
Accounts payable (0.2) (6.7) (10.8)    
Reserves for environmental remediation costs 0.0 0.0 0.0    
Other current liabilities and advance payments on contracts 0.0 0.0 (41.6)    
Postretirement medical and life insurance benefits 0.0 0.0 0.0    
Total Current Liabilities (0.2) (6.7) (52.4)    
Long-term debt, net 0.0 0.0 0.0    
Reserves for environmental remediation costs 0.0 0.0 0.0    
Pension benefits 0.0 0.0 0.0    
Intercompany payable (139.4) (169.3) (227.4)    
Postretirement medical and life insurance benefits 0.0 0.0 0.0    
Other noncurrent liabilities 0.0 0.0 0.0    
Total Liabilities $ (139.6) $ (176.0) (279.8)    
Commitments and contingencies      
Redeemable common stock $ 0.0 $ 0.0 0.0    
Total stockholders’ (deficit) equity (573.8) (550.6) (543.2)    
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit (713.4) (726.6) (823.0)    
Parent [Member]          
Condensed Balance Sheet Statements, Captions [Line Items]          
Cash and cash equivalents 155.4 215.2 221.9 215.9 271.6
Accounts receivable 0.0 0.0 0.0    
Inventories 0.0 0.0 0.0    
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs 0.0 0.0 0.0    
Other current assets, net   4.2 3.1    
Other current assets, net 4.2        
Income taxes     44.2    
Deferred income taxes 5.5 5.5 6.5    
Total Current Assets 165.1 224.9 275.7    
Property, plant and equipment, net 4.8 4.7 4.7    
Recoverable from the U.S. government and other third parties for environmental remediation costs 0.7 0.7 0.7    
Deferred income taxes 68.4 66.5 66.2    
Goodwill 0.0 0.0 0.0    
Intercompany receivable 0.0 0.0 0.0    
Investments in subsidiaries 573.8 550.6 543.2    
Other noncurrent assets and intangibles, net 19.1 19.3 19.8    
Total Assets 831.9 866.7 910.3    
Short-term borrowings and current portion of long-term debt, net of deferred financing costs 5.0 5.0 5.0    
Accounts payable 0.8 1.1 1.0    
Reserves for environmental remediation costs 0.7 0.7 0.7    
Other current liabilities and advance payments on contracts 23.4 30.5 26.8    
Postretirement medical and life insurance benefits 4.6 4.6 4.6    
Total Current Liabilities 34.5 41.9 38.1    
Long-term debt, net 620.4 633.7 635.0    
Reserves for environmental remediation costs 3.7 4.4 4.5    
Pension benefits 107.4 106.8 98.8    
Intercompany payable 139.4 169.3 227.4    
Postretirement medical and life insurance benefits 31.8 32.4 32.9    
Other noncurrent liabilities 18.7 18.8 19.1    
Total Liabilities $ 955.9 $ 1,007.3 1,055.8    
Commitments and contingencies      
Redeemable common stock $ 1.3 $ 1.6 0.9    
Total stockholders’ (deficit) equity (125.3) (142.2) (146.4)    
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit 831.9 866.7 910.3    
Guarantor Subsidiaries [Member]          
Condensed Balance Sheet Statements, Captions [Line Items]          
Cash and cash equivalents 0.0 0.0 0.0 0.0 0.0
Accounts receivable 179.0 166.2 167.4    
Inventories 164.6 148.4 150.8    
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs 33.1 30.0 30.0    
Other current assets, net   64.2 57.5    
Other current assets, net 65.7        
Income taxes     0.3    
Deferred income taxes 30.1 29.8 20.4    
Total Current Assets 472.5 438.6 426.4    
Property, plant and equipment, net 349.0 352.8 355.3    
Recoverable from the U.S. government and other third parties for environmental remediation costs 201.2 206.5 209.7    
Deferred income taxes 200.6 204.7 203.4    
Goodwill 158.1 158.1 158.1    
Intercompany receivable 106.0 138.4 192.9    
Investments in subsidiaries 0.0 0.0 0.0    
Other noncurrent assets and intangibles, net 251.7 257.9 258.6    
Total Assets 1,739.1 1,757.0 1,804.4    
Short-term borrowings and current portion of long-term debt, net of deferred financing costs 0.2 0.3 0.3    
Accounts payable 83.6 67.6 112.9    
Reserves for environmental remediation costs 36.4 31.9 31.9    
Other current liabilities and advance payments on contracts 354.0 400.3 413.4    
Postretirement medical and life insurance benefits 1.4 1.4 1.4    
Total Current Liabilities 475.6 501.5 559.9    
Long-term debt, net 0.0 0.0 0.1    
Reserves for environmental remediation costs 258.5 265.3 269.0    
Pension benefits 467.6 473.8 467.4    
Intercompany payable 0.0 0.0 0.0    
Postretirement medical and life insurance benefits 12.3 12.4 12.6    
Other noncurrent liabilities 62.8 64.0 62.6    
Total Liabilities $ 1,276.8 $ 1,317.0 1,371.6    
Commitments and contingencies      
Redeemable common stock $ 0.0 $ 0.0 0.0    
Total stockholders’ (deficit) equity 462.3 440.0 432.8    
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit 1,739.1 1,757.0 1,804.4    
Non-guarantor Subsidiaries [Member]          
Condensed Balance Sheet Statements, Captions [Line Items]          
Cash and cash equivalents 0.3 0.0 0.0 $ 0.5 $ 0.0
Accounts receivable 3.3 3.3 4.1    
Inventories 6.0 7.8 6.7    
Recoverable from the U.S. government, Northrop, and other third parties for environmental remediation costs 0.0 0.0 0.0    
Other current assets, net   0.8 0.9    
Other current assets, net 0.9        
Income taxes     0.0    
Deferred income taxes 1.1 1.2 1.2    
Total Current Assets 11.6 13.1 12.9    
Property, plant and equipment, net 5.6 5.8 5.8    
Recoverable from the U.S. government and other third parties for environmental remediation costs 0.0 0.0 0.0    
Deferred income taxes 17.2 17.1 17.1    
Goodwill 0.0 0.0 0.0    
Intercompany receivable 33.4 30.9 34.5    
Investments in subsidiaries 0.0 0.0 0.0    
Other noncurrent assets and intangibles, net 62.6 61.5 61.3    
Total Assets 130.4 128.4 131.6    
Short-term borrowings and current portion of long-term debt, net of deferred financing costs 0.0 0.0 0.0    
Accounts payable 2.5 2.2 2.1    
Reserves for environmental remediation costs 0.0 0.0 0.0    
Other current liabilities and advance payments on contracts 3.9 3.2 6.4    
Postretirement medical and life insurance benefits 0.0 0.0 0.0    
Total Current Liabilities 6.4 5.4 8.5    
Long-term debt, net 0.0 0.0 0.0    
Reserves for environmental remediation costs 0.0 0.0 0.0    
Pension benefits 0.0 0.0 0.0    
Intercompany payable 0.0 0.0 0.0    
Postretirement medical and life insurance benefits 0.0 0.0 0.0    
Other noncurrent liabilities 12.5 12.4 12.7    
Total Liabilities $ 18.9 $ 17.8 21.2    
Commitments and contingencies      
Redeemable common stock $ 0.0 $ 0.0 0.0    
Total stockholders’ (deficit) equity 111.5 110.6 110.4    
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit $ 130.4 $ 128.4 $ 131.6