Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 63

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 63
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rying ValueEstimated Fair Value (a)Carrying ValueEstimated Fair Value (a)8.25% Notes$— (b)$— $89.6 (b)$73.6 2.25% Convertible Notes$390.0 (c)$804.6 $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 June 30, 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 June 30, 2025 and December 31, 2024, the carrying value of the 2.25% Convertible Notes is net of $12.5 million and $13.5 million of unamortized debt issuance costs, respectively. Refer to Note 6, Debt.

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8.  PENSION AND POSTRETIREMENT HEALTH AND LIFE BENEFITS

The Company provides retirement benefits to certain employees and retirees. The Company has one qualified defined benefit pension plan, one postretirement health and life benefit plan and two nonqualified plans. The components of net periodic benefit costs (credits) for the defined benefit pension plans were as follows (in millions):Three Months Ended  June 30,Six Months Ended  June 30,2025202420252024Service costs$0.1 $0.5 $0.2 $1.0 Interest costs0.4 3.8 0.8 7.6 Amortization of prior service costs (credits), net(0.1)— (0.1)(0.1)Remeasurement gain— (16.6)— (16.6)Expected return on plan assets (gains)(0.4)(4.7)(0.9)(9.3)Net periodic benefit costs (credits)$— $(17.0)$— $(17.4)The components of net periodic benefit costs for the postretirement health and