Company: LEU
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001065059-25-000024
Chunk: 110

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 110
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 The deferred compensation plan is funded through a rabbi trust. Trust funds are invested in mutual funds for which unit prices are quoted in active markets and are classified within Level 1 of the valuation hierarchy. There were no transfers between Level 1, 2 or 3 during the periods presented.

22

Other Financial InstrumentsAs of March 31, 2025, and December 31, 2024, the Consolidated Balance Sheets carrying amounts for Accounts Receivable, Accounts Payable and Accrued Liabilities (excluding the deferred compensation obligation described above), and Payables under Inventory Purchase Agreements approximate fair value because of their short-term nature.The carrying value and estimated fair value of long-term debt were as follows (in millions):March 31, 2025December 31, 2024Carrying ValueEstimated Fair Value (a)Carrying ValueEstimated Fair Value (a)8.25% Notes$— (b)$— $89.6 (b)$73.6 2.25% Convertible Notes$389.5 (c)$375.8 $389.0 (c)$403.8 (a) Based on bid/ask quotes as of or near the balance sheet date, which are considered Level 2 inputs.(b)    As of March 31, 2025, the carrying value of the 8.25% Notes consists of the principal balance of $0 due to the redemption of the 8.25% notes in March 2025. As of December 31, 2024, the carrying value of the 8.25% Notes consists of the principal balance of $74.3 million and the sum of current and noncurrent interest payment obligations until maturity. Refer to Note 6, Debt. (c)As of March 31, 2025 and December 31, 2024, the carrying value of the 2.25% Convertible Notes is net of $13.0 million and $13.5 million of unamortized debt issuance costs, respectively. Refer to Note 6, Debt.

8.  PENSION AND POSTRETIREMENT HEALTH AND LIFE BENEFITS

The Company provides retirement benefits to certain employees and retirees. Currently, we have one qualified defined benefit pension plan, one postretirement health and life benefit plan and two disqualified plans. The components of net periodic benefit costs (credits) for the defined benefit pension plans were as follows (in millions):Three Months Ended  March