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Cash, Cash Equivalents and Restricted Cash | 3 Months Ended
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Mar. 31, 2022
Cash, Cash Equivalents and Restricted Cash [Abstract] |
Cash and Cash Equivalents Disclosure | CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table summarizes the Company’s cash, cash equivalents and restricted cash as presented on the unaudited consolidated balance sheet to amounts on the unaudited consolidated statement of cash flows (in millions):
| March 31, 2022 |  | December 31, 2021
Cash and cash equivalents | $ | 168.5 |  |  | $ | 193.8 |
Deposits for financial assurance - current (a) | 0.2 |  | 0.2
Deposits for financial assurance - noncurrent | 12.2 |  | 2.8
Total cash, cash equivalents and restricted cash | $ | 180.9 |  |  | $ | 196.8 |
(a) Deposits for financial assurance - current is included within Other Current Assets in the unaudited Consolidated Balance Sheets. The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):
| March 31, 2022 |  | December 31, 2021
| Current |  | Long-Term |  | Current |  | Long-Term
Collateral for Inventory Loan | $ | — |  |  | $ | 9.4 |  |  | $ | — |  |  | $ | — |
Workers Compensation | — |  |  | 2.6 |  |  | — |  |  | 2.6 |
Other | 0.2 |  |  | 0.2 |  |  | 0.2 |  |  | 0.2 |
Total deposits for financial assurance | $ | 0.2 |  |  | $ | 12.2 |  |  | $ | 0.2 |  |  | $ | 2.8 |
The Company has provided financial assurance to states in which it was previously self-insured for workers’ compensation in accordance with each state’s requirements in the form of a surety bond or deposit that is fully cash collateralized by Centrus. Each surety bond or deposit is subject to reduction and/or cancellation, as each state determines the likely reduction of workers’ compensation obligations pertaining to the period of self-insurance. In March 2022, the Company entered into an inventory loan which required a cash deposit into an escrow fund. See Note 4, Inventories.

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- Definition Cash, Cash Equivalents and Restricted Cash [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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