XML 214 R8.htm IDEA: XBRL DOCUMENT

Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 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 Consolidated Balance Sheets to amounts on the Consolidated Statement of Cash Flows (in millions):


	December 31,
	2022		2021
Cash and cash equivalents	$	179.9	$	193.8
Deposits for financial assurance - current (a)	0.2		0.2
Deposits for financial assurance - non current	32.3		2.8
Total cash, cash equivalents and restricted cash	$	212.4	$	196.8

(a) Deposits for financial assurance - current is included within Other Current Assets in the Consolidated Balance Sheets.

The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):


	December 31, 2022				December 31, 2021
	Current		Long-Term		Current		Long-Term
Collateral for Inventory Loans	$	—	$	29.8	$	—	$	—
Workers Compensation	—		2.4		—		2.6
Other	0.2		0.1		0.2		0.2
Total deposits for financial assurance	$	0.2	$	32.3	$	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 that the likelihood of further workers’ compensation obligations related to the period of self-insurance.