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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 535.0 $ 410.3
Marketable securities 20.0 0.0
Accounts receivable 215.5 136.4
Inventories 136.4 185.1
Other current assets, net 109.8 122.9
Total Current Assets 1,016.7 854.7
Noncurrent Assets    
Property, plant and equipment, net 359.0 366.0
Recoverable from the U.S. government and other third parties for environmental remediation costs 231.1 239.8
Deferred income taxes 145.8 292.5
Goodwill 161.3 158.1
Intangible assets 85.5 94.4
Other noncurrent assets, net 259.3 244.0
Total Noncurrent Assets 1,242.0 1,394.8
Total Assets 2,258.7 2,249.5
Current Liabilities    
Current portion of long-term debt 25.0 55.6
Accounts payable 100.9 96.2
Reserves for environmental remediation costs 35.2 37.1
Advance payments on contracts 237.8 221.8
Other current liabilities 195.9 173.0
Total Current Liabilities 594.8 583.7
Noncurrent Liabilities    
Long-term debt 591.4 608.0
Reserves for environmental remediation costs 306.2 312.6
Pension benefits 492.8 548.2
Other noncurrent liabilities 171.1 161.4
Total Noncurrent Liabilities 1,561.5 1,630.2
Total Liabilities 2,156.3 2,213.9
Commitments and contingencies (Note 8)
Redeemable common stock, par value of $0.10; none issued and outstanding December 31, 2017; 0.1 million shares issued and outstanding as of December 31, 2016 0.0 1.1
Stockholders’ Equity    
Preference 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; 73.6 million shares issued and outstanding as of December 31, 2017; 69.2 million shares issued and outstanding as of December 31, 2016 7.4 6.9
Other capital 503.1 456.9
Treasury stock at cost, 3.5 million shares as of December 31, 2017 and 2016 (64.5) (64.5)
Accumulated deficit (71.0) (61.8)
Accumulated other comprehensive loss, net of income taxes (272.6) (303.0)
Total Stockholders’ Equity 102.4 34.5
Total liabilities, redeemable common stock, and stockholders’ (deficit) equity $ 2,258.7 $ 2,249.5