v3.26.1
Cash, Cash Equivalents and Restricted Cash
 3 Months Ended
Mar. 31, 2026
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 Condensed Consolidated Balance Sheets to amounts on the Condensed Consolidated Statements of Cash Flows (in millions):
March 31, 2026December 31, 2025
Cash and cash equivalents$1,868.2 $1,957.2 
Deposits for financial assurance - current (a)0.2 0.2 
Deposits for financial assurance - noncurrent32.8 2.7 
Total cash, cash equivalents and restricted cash$1,901.2 $1,960.1 

(a) Deposits for financial assurance - current is included within Other Current Assets in the Condensed Consolidated Balance Sheets.
The Company has $0.1 million denominated in euros as of both March 31, 2026 and December 31, 2025 and recorded $0.3 million in transaction losses in the three months ended March 31, 2026 and $0.1 million in transaction losses in the three months ended March 31, 2025.

The following table provides additional detail regarding the Company’s deposits for financial assurance (in millions):
March 31, 2026December 31, 2025
CurrentLong-TermCurrentLong-Term
Escrow
$— $30.1 $— $— 
Workers Compensation— 2.6 — 2.6 
Other0.2 0.1 0.2 0.1 
Total deposits for financial assurance$0.2 $32.8 $0.2 $2.7 

The Company occasionally deposits cash into escrow accounts for financial assurance according to sales contracts and other contracts. In February 2026, the Company entered into an engineering, procurement and construction (“EPC”) contract with Fluor Federal Services, Inc. (“Fluor”), a third-party contractor, for the commercial expansion and deployment of LEU and HALEU production capability at the American Centrifuge Plant (“ACP”) in Piketon, Ohio.
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 the Company. 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.