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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 700.4 $ 1,149.5
Restricted cash 3.0 3.0
Marketable securities 10.6 7.0
Accounts receivable 60.6 75.6
Contract assets 354.2 288.6
Other current assets 107.8 136.5
Total Current Assets 1,236.6 1,660.2
Noncurrent Assets    
Right-of-use assets 52.6 46.8
Property, plant and equipment, net 421.1 423.1
Recoverable environmental remediation costs 226.2 227.7
Deferred income taxes 57.5 81.1
Goodwill 161.4 161.4
Intangible assets 34.9 44.8
Other noncurrent assets 243.3 254.8
Total Noncurrent Assets 1,197.0 1,239.7
Total Assets 2,433.6 2,899.9
Current Liabilities    
Current portion of long-term debt 166.7 299.9
Accounts payable 132.2 99.1
Reserves for environmental remediation costs 37.7 39.8
Contract liabilities 366.5 407.2
Other current liabilities 172.7 609.7
Total Current Liabilities 875.8 1,455.7
Noncurrent Liabilities    
Long-term debt 294.6 324.4
Reserves for environmental remediation costs 258.7 260.8
Pension benefits 255.9 405.2
Operating lease liabilities 41.3 35.7
Other noncurrent liabilities 173.8 184.6
Total Noncurrent Liabilities 1,024.3 1,210.7
Total Liabilities 1,900.1 2,666.4
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; 80.1 million shares issued and outstanding as of December 31, 2021; 76.8 million shares issued and outstanding as of December 31, 2020 8.0 7.7
Other capital 599.0 583.0
Treasury stock at cost, 2.1 million at December 31, 2021 and 2020 (64.4) (64.4)
Retained earnings (accumulated deficit) 91.9 (65.2)
Accumulated other comprehensive loss, net of income taxes (101.0) (227.6)
Total Stockholders’ Equity 533.5 233.5
Total Liabilities and Stockholders’ Equity $ 2,433.6 $ 2,899.9