Company: LEU
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001065059-25-000058
Chunk: 127

Company: CENTRUS ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 127
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$— $671.4 Deferred compensation asset (a)0.4 — — 0.4 0.4 — — 0.4 Liabilities:  Deferred compensation obligation (a)$0.4 $— $— $0.4 $0.4 $— $— $0.4  (a)    The deferred compensation obligation represents the balance of deferred compensation plus net investment earnings. The deferred compensation plan is funded through a rabbi trust. Trust funds are invested in mutual funds for which unit prices are quoted in active markets and are classified within Level 1 of the valuation hierarchy. There were no transfers between Level 1, 2 or 3 during the periods presented.Other Financial InstrumentsAs of June 30, 2025, and December 31, 2024, the Consolidated Balance Sheets carrying amounts for Accounts Receivable, Accounts Payable and Accrued Liabilities (excluding the deferred compensation obligation described above), and Payables under Inventory Purchase Agreements approximate fair value because of their short-term nature.The carrying value and estimated fair value of long-term debt were as follows (in millions):June 30, 2025December 31, 2024Carrying ValueEstimated Fair Value (a)Carrying ValueEstimated Fair Value (a)8.25% Notes$— (b)$— $89.6 (b)$73.6 2.25% Convertible Notes$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 unamort