Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2022

Cash, Cash Equivalents and Restricted Cash [Abstract]

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.