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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 272.5 $ 322.1
Restricted cash 3.1 3.1
Marketable securities 11.2 10.5
Accounts receivable 177.4 126.6
Contract assets 417.0 451.1
Other current assets 116.8 155.6
Total Current Assets 998.0 1,069.0
Noncurrent Assets    
Right-of-use assets 51.4 54.5
Property, plant and equipment, net 411.9 420.2
Recoverable environmental remediation costs 216.1 221.5
Deferred income taxes 240.1 208.7
Goodwill 161.4 161.4
Intangible assets 26.6 28.3
Other noncurrent assets 207.5 208.2
Total Noncurrent Assets 1,315.0 1,302.8
Total Assets 2,313.0 2,371.8
Current Liabilities    
Current portion of long-term debt 14.8 14.7
Accounts payable 122.8 142.1
Reserves for environmental remediation costs 37.9 36.9
Contract liabilities 307.6 334.7
Other current liabilities 167.2 218.7
Total Current Liabilities 650.3 747.1
Noncurrent Liabilities    
Long-term debt 284.9 288.4
Reserves for environmental remediation costs 247.4 253.6
Pension benefits 227.2 229.3
Operating lease liabilities 44.5 46.2
Other noncurrent liabilities 295.9 265.9
Total Noncurrent Liabilities 1,099.9 1,083.4
Total Liabilities 1,750.2 1,830.5
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; 80.6 million shares outstanding as of March 31, 2023; 80.7 million shares outstanding as of December 31, 2022 8.1 8.0
Other capital 501.0 507.2
Treasury stock at cost, 2.0 million shares as of March 31, 2023 and December 31, 2022 (63.0) (63.0)
Retained earnings 204.8 176.6
Accumulated other comprehensive loss, net of income taxes (88.1) (87.5)
Total Stockholders’ Equity 562.8 541.3
Total Liabilities and Stockholders’ Equity $ 2,313.0 $ 2,371.8