Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

Intangible assets originated from the Company’s reorganization and application of fresh start accounting as of the date the Company emerged from bankruptcy, September 30, 2014, and reflect the conditions at that time. The intangible asset related to the LEU Segment backlog is amortized as the backlog, existing at emergence, is reduced, principally as a result of deliveries to customers. The intangible asset related to customer relationships is amortized using the straight-line method over the estimated average useful life of 15 years. Amortization of Intangible Assets is presented below gross profit on the Consolidated Statements of Operations. Intangible asset balances are as follows (in millions):


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount
Backlog	$	54.6	$	50.6	$	4.0	$	54.6	$	46.8	$	7.8
Customer relationships	68.9		51.7		17.2		68.9		47.1		21.8
Total	$	123.5	$	102.3	$	21.2	$	123.5	$	93.9	$	29.6

The amount of amortization expense for intangible assets in each of the succeeding years is estimated to be as follows (in millions):


2026	$	6.1
2027	5.8
2028	5.9
2029	3.4
2030	—
Thereafter	—
Total	$	21.2