5. OTHER ASSETS

Included in Other Long-Term Assets are the following (in millions):


	December 31,
	2012		2011
	(millions)
DOE receivables, long-term	$	25.8	$	-
Deferred financing costs, net		3.6		12.2
Other assets	$	29.4	$	12.2

Long-Term DOE Receivables

As of December 31, 2012, net accounts receivable from DOE of $25.8 million were reclassified from current assets to other long-term assets based on the extended timeframe expected to resolve claims for payment filed by USEC under the Contract Disputes Act ("CDA"). USEC has submitted certified claims under the CDA for breach-of-contract amounts equaling unreimbursed costs. USEC believes DOE has breached its agreement by failing to establish appropriate provisional billing and final indirect cost rates on a timely basis. DOE has approved provisional billing rates for 2004, 2006 and 2010 based on preliminary budgeted estimates even though updated provisional rates had been submitted based on more current information. In addition, USEC has finalized and submitted to DOE the Incurred Cost Submissions for Portsmouth and Paducah contract work for the six months ended December 31, 2002 and the years ended December 31, 2003 through 2011. DCAA historically has not completed their audits of USEC's Incurred Cost Submissions in a timely manner. DCAA has been periodically working on audits for the six months ended December 31, 2002 and the year ended December 31, 2003 since May 2008. In June 2011, a new DOE contractor began an audit for the year ended December 31, 2004, and has since begun audits of the years ended December 31, 2005 and 2006.

Long-term DOE receivables are net of valuation allowances and allowances for doubtful accounts of $12.2 million at December 31, 2012. Refer to Note 2 for details related to current accounts receivables from DOE.

Deferred Financing Costs

Financing costs are generally deferred and amortized over the life of the instrument. Deferred financing costs related to the DOE loan guarantee application were expensed in 2012 as described in Note 4. A summary of deferred financing costs for the years ended December 31, 2012 and 2011 follows (in millions):


	December 31, 2010		Additions		Reductions			December 31, 2011		Additions		Reductions			December 31, 2012
Other current assets:
Bank credit facilities	$	7.4	$	0.5	$	(5.5	)	$	2.4	$	9.2	$	(8.6	)	$	3.0

Deferred financing costs (long-term):
Convertible notes	$	8.1	$	-	$	(2.6	)	$	5.5	$	-	$	(1.9	)	$	3.6
DOE Loan Guarantee application		2.5		4.2		-			6.7		-		(6.7	)		-
Deferred financing costs	$	10.6	$	4.2	$	(2.6	)	$	12.2	$	-	$	(8.6	)	$	3.6