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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash and cash equivalents $ 1,010.0 $ 932.6
Restricted cash 3.0 3.0
Marketable securities 1.5 0.0
Accounts receivable, net 182.4 112.5
Contract assets 273.3 224.1
Other current assets, net 138.5 145.8
Total Current Assets 1,608.7 1,418.0
Noncurrent Assets    
Right-of-use assets 48.9 48.0
Property, plant and equipment, net 403.8 409.9
Recoverable environmental remediation costs 228.8 234.8
Deferred income taxes 107.8 121.9
Goodwill 161.4 161.4
Intangible assets 48.0 58.2
Other noncurrent assets, net 247.4 255.6
Total Noncurrent Assets 1,246.1 1,289.8
Total Assets 2,854.8 2,707.8
Current Liabilities    
Current portion of long-term debt 297.7 284.7
Accounts payable 93.7 127.3
Reserves for environmental remediation costs 42.1 40.1
Contract liabilities 343.4 262.3
Other current liabilities 144.2 155.5
Total Current Liabilities 921.1 869.9
Noncurrent Liabilities    
Long-term debt 331.4 352.3
Reserves for environmental remediation costs 262.0 269.1
Pension benefits 379.9 398.9
Operating lease liabilities 38.3 39.1
Other noncurrent liabilities 213.2 201.8
Total Noncurrent Liabilities 1,224.8 1,261.2
Total Liabilities 2,145.9 2,131.1
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; 77.4 million shares issued and outstanding as of September 30, 2020; 77.3 million shares issued and outstanding as of December 31, 2019 7.7 7.7
Other capital 585.2 573.3
Treasury stock at cost, 1.1 million shares as of September 30, 2020; 0.8 million shares as of December 31, 2019 (25.0) (12.7)
Retained earnings 347.2 244.9
Accumulated other comprehensive loss, net of income taxes (206.2) (236.5)
Total Stockholders’ Equity 708.9 576.7
Total Liabilities and Stockholders’ Equity $ 2,854.8 $ 2,707.8