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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 816 $ 1,069
Receivables, net 1,905 1,739
Inventories, net 2,151 1,813
Contract assets 739 685
Prepaid and other current assets 229 187
Total current assets 5,840 5,493
Property, plant and equipment, net 1,865 1,781
Lease right-of-use assets, operating 372 346
Lease right-of-use assets, financing 172 171
Deferred income taxes 488  
Goodwill 1,562 1,505
Intangibles, net 450 490
Investment in unconsolidated affiliates 211 117
Other assets 334 232
Total assets 11,294 10,135
Current liabilities:    
Accounts payable 904 906
Accrued liabilities 870 959
Contract liabilities 532 444
Current portion of lease liabilities 94 87
Current portion of long-term debt 13 13
Accrued income taxes 22 28
Total current liabilities 2,435 2,437
Long-term debt 1,712 1,717
Lease liabilities 558 549
Deferred income taxes 70 68
Other liabilities 277 230
Total liabilities 5,052 5,001
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 393,945,659 and 392,832,752 shares issued and outstanding at December 31, 2023 and December 31, 2022 4 4
Additional paid-in capital 8,812 8,754
Accumulated other comprehensive loss (1,493) (1,593)
Retained deficit (1,155) (2,069)
Total Company stockholders' equity 6,168 5,096
Noncontrolling interests 74 38
Total stockholders’ equity 6,242 5,134
Total liabilities and stockholders’ equity $ 11,294 $ 10,135