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Inventories | 3 Months Ended
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Mar. 31, 2024
Inventory, Net [Abstract] |
Inventories | INVENTORIES Centrus holds uranium at licensed locations (e.g., fabricators) in the form of natural uranium hexafluoride and as the uranium component of LEU in transit to meet book transfer requests by customers and suppliers. Centrus also holds SWU as the SWU component of LEU at licensed locations or in transit to meet book transfer requests by customers and suppliers. Fabricators process LEU into fuel for use in nuclear reactors. Components of inventories are as follows (in millions):
| March 31, 2024 |  | December 31, 2023
| Current Assets |  | Current Liabilities (a) |  | Inventories, Net |  | Current Assets |  | Current Liabilities (a) |  | Inventories, Net
Separative work units | $ | 20.7 |  |  | $ | — |  |  | $ | 20.7 |  |  | $ | 21.9 |  |  | $ | — |  |  | $ | 21.9 |
Uranium | 258.5 |  |  | 21.6 |  |  | 236.9 |  |  | 284.5 |  |  | 84.3 |  |  | 200.2 |
Total | $ | 279.2 |  |  | $ | 21.6 |  |  | $ | 257.6 |  |  | $ | 306.4 |  |  | $ | 84.3 |  |  | $ | 222.1 |
(a)This includes inventories owed to suppliers for advances of uranium. Inventories are valued at the lower of cost or net realizable value. The Company also may borrow SWU or uranium from customers or suppliers, in which case the Company will record the SWU and/or uranium and the related liability for the borrowing using a projected and forecasted purchase price over the borrowing period. In March 2023, the Company borrowed UF 6 which was recorded to inventory at a value of $22.5 million, based on the estimated fair market value of the inventory on the date of borrowing. The Company performs quarterly revaluations of the Long-Term Inventory Loans reflecting an updated projection of the timing and sources of inventory to be used for repayment. These revaluations were recorded to Cost of Sales and resulted in an increase to the related liability of $0.3 million and $2.1 million, for the three months ended March 31, 2024 and 2023, respectively.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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- References No definition available. + Details
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