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Contracts in Progress (Tables)
6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of Cost and Billings on Uncompleted Construction Type Long Term Contracts or Programs
Costs and billings on uncompleted construction-type contracts consist of the following (in millions):
Successor
June 30, 2022December 31, 2021
Costs incurred on contracts (from inception to completion)$197.2 $199.4 
Estimated earnings129.0 125.5 
Contracts in progress326.2 324.9 
Less: billings to date(267.8)(281.8)
$58.4 $43.1 
Schedule of Costs in Excess of Billings and Billings in Excess of Costs on Uncompleted Contracts
The carrying amounts related to uncompleted construction-type contracts are included in the accompanying Condensed Consolidated Balance Sheets under the following captions (in millions):
Successor
June 30, 2022December 31, 2021
Costs and estimated earnings in excess of billings on uncompleted contracts – current$72.0 $56.3 
Costs and estimated earnings in excess of billings on uncompleted contracts – non-current (1)
3.8 6.5 
Billings in excess of costs and estimated earnings on uncompleted contracts – current (2)
(11.3)(17.6)
Billings in excess of costs and estimated earnings on uncompleted contracts – non-current (3)
(6.1)(2.1)
$58.4 $43.1 
(1)Included in other assets within the Condensed Consolidated Balance Sheets.
(2)Included in deferred contract revenue – current within the Condensed Consolidated Balance Sheets.
(3)Included in other liabilities within the Condensed Consolidated Balance Sheets.