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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 1,003.9 $ 932.6
Restricted cash 3.0 3.0
Marketable securities 25.0 0.0
Accounts receivable, net 80.4 112.5
Contract assets 287.9 224.1
Other current assets, net 114.2 145.8
Total Current Assets 1,514.4 1,418.0
Noncurrent Assets    
Right-of-use assets 51.8 48.0
Property, plant and equipment, net 401.5 409.9
Recoverable environmental remediation costs 224.5 234.8
Deferred income taxes 111.2 121.9
Goodwill 161.4 161.4
Intangible assets 51.3 58.2
Other noncurrent assets, net 248.1 255.6
Total Noncurrent Assets 1,249.8 1,289.8
Total Assets 2,764.2 2,707.8
Current Liabilities    
Current portion of long-term debt 293.2 284.7
Accounts payable 82.3 127.3
Reserves for environmental remediation costs 42.4 40.1
Contract liabilities 295.7 262.3
Other current liabilities 147.7 155.5
Total Current Liabilities 861.3 869.9
Noncurrent Liabilities    
Long-term debt 338.4 352.3
Reserves for environmental remediation costs 256.9 269.1
Pension benefits 389.6 398.9
Operating lease liabilities 41.3 39.1
Other noncurrent liabilities 205.4 201.8
Total Noncurrent Liabilities 1,231.6 1,261.2
Total Liabilities 2,092.9 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 June 30, 2020; 77.3 million shares issued and outstanding as of December 31, 2019 7.7 7.7
Other capital 577.6 573.3
Treasury stock at cost, 0.8 million shares as of June 30, 2020 and December 31, 2019 (13.2) (12.7)
Retained earnings 315.5 244.9
Accumulated other comprehensive loss, net of income taxes (216.3) (236.5)
Total Stockholders’ Equity 671.3 576.7
Total Liabilities and Stockholders’ Equity $ 2,764.2 $ 2,707.8