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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 468 $ 816
Receivables, net 1,867 1,905
Inventories, net 2,278 2,151
Contract assets 814 739
Prepaid and other current assets 261 229
Total current assets 5,688 5,840
Property, plant and equipment, net 1,878 1,865
Lease right-of-use assets, operating 381 372
Lease right-of-use assets, financing 176 172
Deferred income taxes 484 488
Goodwill 1,602 1,562
Intangibles, net 508 450
Investment in unconsolidated affiliates 247 211
Other assets 341 334
Total assets 11,305 11,294
Current liabilities:    
Accounts payable 823 904
Accrued liabilities 767 870
Contract liabilities 533 532
Current portion of lease liabilities 99 94
Current portion of long-term debt 44 13
Accrued income taxes 6 22
Total current liabilities 2,272 2,435
Long-term debt 1,764 1,712
Lease liabilities 564 558
Deferred income taxes 92 70
Other liabilities 292 277
Total liabilities 4,984 5,052
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 395,503,573 and 393,945,659 shares issued and outstanding at March 31, 2024 and December 31, 2023 4 4
Additional paid-in capital 8,818 8,812
Accumulated other comprehensive loss (1,520) (1,493)
Retained deficit (1,056) (1,155)
Total Company stockholders' equity 6,246 6,168
Noncontrolling interests 75 74
Total stockholders’ equity 6,321 6,242
Total liabilities and stockholders’ equity $ 11,305 $ 11,294