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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 392.5 $ 410.3
Accounts receivable 283.1 136.4
Inventories 160.8 185.1
Recoverable from the U.S. government and other third parties for environmental remediation costs 26.7 25.2
Receivable from Northrop Grumman Corporation (“Northrop”) 6.0 6.0
Other current assets, net 71.0 91.7
Total Current Assets 940.1 854.7
Noncurrent Assets    
Property, plant and equipment, net 349.6 366.0
Real estate held for entitlement and leasing 93.4 91.8
Recoverable from the U.S. government and other third parties for environmental remediation costs 225.5 239.8
Receivable from Northrop 60.0 62.0
Deferred income taxes 251.2 292.5
Goodwill 160.0 158.1
Intangible assets 88.4 94.4
Other noncurrent assets, net 126.7 90.2
Total Noncurrent Assets 1,354.8 1,394.8
Total Assets 2,294.9 2,249.5
Current Liabilities    
Current portion of long-term debt 22.4 55.6
Accounts payable 126.2 96.2
Reserves for environmental remediation costs 35.8 37.1
Postretirement medical and life insurance benefits 5.2 5.2
Advance payments on contracts 182.7 221.8
Other current liabilities 192.6 167.8
Total Current Liabilities 564.9 583.7
Noncurrent Liabilities    
Long-term debt 596.2 608.0
Reserves for environmental remediation costs 298.6 312.6
Pension benefits 486.5 548.2
Postretirement medical and life insurance benefits 35.4 37.4
Other noncurrent liabilities 162.0 124.0
Total Noncurrent Liabilities 1,578.7 1,630.2
Total Liabilities 2,143.6 2,213.9
Commitments and contingencies (Note 8)
Redeemable common stock, par value of $0.10; 0.1 million shares issued and outstanding as of December 31, 2016 0.0 1.1
Stockholders’ Equity    
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; 73.6 million shares issued and outstanding as of September 30, 2017; 69.2 million shares issued and outstanding as of December 31, 2016 7.4 6.9
Other capital 501.3 456.9
Treasury stock at cost, 3.5 million shares as of September 30, 2017 and December 31, 2016 (64.5) (64.5)
Accumulated deficit (19.0) (61.8)
Accumulated other comprehensive loss, net of income taxes (273.9) (303.0)
Total Stockholders’ Equity 151.3 34.5
Total Liabilities, Redeemable Common Stock and Stockholders’ Equity $ 2,294.9 $ 2,249.5