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Cash, Cash Equivalents and Restricted Cash
 3 Months Ended
Mar. 31, 2024
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 Consolidated Balance Sheets to amounts on the Consolidated Statements of Cash Flows (in millions):
March 31, 2024December 31, 2023
Cash and cash equivalents$209.3 $201.2 
Deposits for financial assurance - current (a)18.9 0.2 
Deposits for financial assurance - noncurrent13.7 32.4 
Total cash, cash equivalents and restricted cash$241.9 $233.8 

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

The Company has $4.9 million and $6.8 million denominated in euros as of March 31, 2024 and December 31, 2023, respectively, and recorded $0.1 million and $0 in transaction losses in the three months ended March 31, 2024 and March 31, 2023, respectively.

The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):
March 31, 2024December 31, 2023
CurrentLong-TermCurrentLong-Term
Collateral for Inventory Loans$18.7 $11.1 $— $29.8 
Workers Compensation— 2.5 — 2.5 
Other0.2 0.1 0.2 0.1 
Total deposits for financial assurance$18.9 $13.7 $0.2 $32.4 
In March, May, and October 2022, the Company entered into three inventory loans that each required a cash deposit into an escrow fund. See Note 4, Inventories, of this Quarterly Report on Form 10-Q. 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.