Deferred Revenue and Advances From Customers

3 Months Ended

Mar. 31, 2012

Deferred Revenue and Advances from Customers

Deferred Revenue and Advances From Customers

5. DEFERRED REVENUE AND ADVANCES FROM CUSTOMERS


	March 31, 2012		December 31, 2011
	(millions)
Deferred revenue	$	146.8	$	181.5
Advances from customers		22.3		23.7
	$	169.1	$	205.2

Deferred costs associated with deferred revenue	$	139.7	$	175.5

Advances from customers included $21.2 million as of March 31, 2012 and $22.3 million as of December 31, 2011 for services to be provided to DOE or to be applied to existing receivables balances due from DOE in USEC's contract services segment. DOE funded this work through an arrangement whereby DOE transferred uranium to USEC which USEC immediately sold in the market.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

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