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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 1,149.5 $ 932.6
Restricted cash 3.0 3.0
Marketable securities 7.0 0.0
Accounts receivable, net 75.6 112.5
Contract assets 288.6 224.1
Other current assets, net 136.5 145.8
Total Current Assets 1,660.2 1,418.0
Noncurrent Assets    
Right-of-use assets 46.8 48.0
Property, plant and equipment, net 423.1 409.9
Recoverable environmental remediation costs 227.7 234.8
Deferred income taxes 81.1 121.9
Goodwill 161.4 161.4
Intangible assets 44.8 58.2
Other noncurrent assets, net 254.8 255.6
Total Noncurrent Assets 1,239.7 1,289.8
Total Assets 2,899.9 2,707.8
Current Liabilities    
Current portion of long-term debt 299.9 284.7
Accounts payable 99.1 127.3
Reserves for environmental remediation costs 39.8 40.1
Contract liabilities 407.2 262.3
Dividends payable 447.8 0.0
Other current liabilities 161.9 155.5
Total Current Liabilities 1,455.7 869.9
Noncurrent Liabilities    
Long-term debt 324.4 352.3
Reserves for environmental remediation costs 260.8 269.1
Pension benefits 405.2 398.9
Operating lease liabilities 35.7 39.1
Other noncurrent liabilities 184.6 201.8
Total Noncurrent Liabilities 1,210.7 1,261.2
Total Liabilities 2,666.4 2,131.1
Commitments and contingencies
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; 76.8 million shares issued and outstanding as of December 31, 2020; 77.3 million shares issued and outstanding as of December 31, 2019 7.7 7.7
Other capital 583.0 573.3
Treasury stock at cost, 2.1 million at December 31, 2020; 0.8 million shares as of December 31, 2019 (64.4) (12.7)
(Accumulated deficit) retained earnings (65.2) 244.9
Accumulated other comprehensive loss, net of income taxes (227.6) (236.5)
Total Stockholders’ Equity 233.5 576.7
Total Liabilities and Stockholders’ Equity $ 2,899.9 $ 2,707.8