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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 537.0 $ 823.5
Restricted Cash, Current 0.0 0.1
Accounts receivable, net 395.3 585.5
Unbilled Receivables, Current 777.9 522.9
Inventory, net 1,891.7 1,767.3
Disposal Group, Including Discontinued Operation, Assets 100.6 0.0
Other current assets 58.0 52.5
Total current assets 3,760.5 3,751.8
Property, plant and equipment, net 1,947.9 2,084.2
Operating Lease, Right-of-Use Asset 79.0 92.1
Pension assets 49.4 33.5
Pension reversion assets 41.2 61.1
Deferred tax asset-non-current, net 0.1 0.1
Other assets 105.2 99.9
Total assets 6,762.8 6,950.1
Liabilities    
Accounts payable 1,041.1 1,106.8
Accrued expenses 453.3 420.1
Profit sharing 59.0 15.7
Current portion of long-term debt 424.5 64.8
Operating Lease, Liability, Current 10.0 9.1
Advance payments, short-term 158.1 38.3
Contract with Customer, Liability, Current 270.3 192.6
Provision for Loss on Contracts 471.5 256.6
Deferred revenue and other deferred credits, short-term 75.4 49.6
Customer Advances and Deposits, Current 532.0 0.0
Disposal Group, Including Discontinued Operation, Liabilities 18.8 0.0
Other current liabilities 53.4 44.7
Total current liabilities 3,567.4 2,198.3
Long-term debt 3,969.7 4,018.7
Operating Lease, Liability, Noncurrent 69.8 84.3
Advance payments, long-term 181.0 301.9
Pension/OPEB obligation 24.9 30.3
Contract with Customer, Liability, Noncurrent 177.4 161.3
Provision for Loss on Contacts, Non Current 799.8 224.1
Deferred grant income liability — non-current 25.1 25.8
Deferred Tax Liabilities, Net, Noncurrent 7.8 9.1
Customer Advances or Deposits, Noncurrent 372.0 180.0
Deferred revenue and other deferred credits 46.7 76.7
Other non-current liabilities 137.2 135.5
Stockholders’ Equity (Deficit)    
Preferred stock, par value $0.01, 10,000,000 shares authorized, no shares issued         0.0 0.0
Additional paid-in capital 1,457.6 1,429.1
Accumulated other comprehensive loss (100.1) (89.6)
Retained (deficit) earnings (1,523.5) 616.3
Treasury Stock, Value (2,456.7) (2,456.7)
Total stockholders' equity (deficit) (2,621.5) (499.7)
Noncontrolling interest 5.5 3.8
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest (2,616.0) (495.9)
Total liabilities and equity (deficit) 6,762.8 6,950.1
Goodwill 630.0 631.2
Intangible Assets, Net (Excluding Goodwill) $ 149.5 $ 196.2
Preferred Stock, Par Value $ 0.01 $ 0.01
Preferred Stock, Shares Authorized 10,000,000 10,000,000
Class A [Member]    
Stockholders’ Equity (Deficit)    
Common stock $ 1.2 $ 1.2
Common Stock, Par Value $ 0.01 $ 0.01
Common Stock, Shares Authorized 200,000,000 200,000,000
Common Stock, Shares, Issued   116,054,291
Class B [Member]    
Stockholders’ Equity (Deficit)    
Common Stock, Par Value $ 0 $ 0
Common Stock, Shares Authorized 0 0
Common Stock, Shares, Issued 0 0