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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 902.6 $ 932.6
Restricted cash 3.0 3.0
Accounts receivable, net 151.7 112.5
Contract assets 278.9 224.1
Other current assets, net 137.4 145.8
Total Current Assets 1,473.6 1,418.0
Noncurrent Assets    
Right-of-use assets 53.5 48.0
Property, plant and equipment, net 403.2 409.9
Recoverable environmental remediation costs 228.1 234.8
Deferred income taxes 114.5 121.9
Goodwill 161.4 161.4
Intangible assets 54.7 58.2
Other noncurrent assets, net 251.5 255.6
Total Noncurrent Assets 1,266.9 1,289.8
Total Assets 2,740.5 2,707.8
Current Liabilities    
Current portion of long-term debt 289.0 284.7
Accounts payable 128.4 127.3
Reserves for environmental remediation costs 41.7 40.1
Contract liabilities 288.6 262.3
Other current liabilities 134.4 155.5
Total Current Liabilities 882.1 869.9
Noncurrent Liabilities    
Long-term debt 345.3 352.3
Reserves for environmental remediation costs 260.9 269.1
Pension benefits 394.3 398.9
Operating lease liabilities 43.9 39.1
Other noncurrent liabilities 197.2 201.8
Total Noncurrent Liabilities 1,241.6 1,261.2
Total Liabilities 2,123.7 2,131.1
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Preferred 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; 77.6 million shares issued and outstanding as of March 31, 2020; 77.3 million shares issued and outstanding as of December 31, 2019 7.7 7.7
Other capital 572.3 573.3
Treasury stock at cost, 0.8 million shares as of March 31, 2020 and December 31, 2019 (13.2) (12.7)
Retained earnings 276.3 244.9
Accumulated other comprehensive loss, net of income taxes (226.3) (236.5)
Total Stockholders’ Equity 616.8 576.7
Total Liabilities and Stockholders’ Equity $ 2,740.5 $ 2,707.8