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CONDENSED CONSOLIDATED BALANCE SHEET - Unaudited - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents ($509 and $630 related to VIEs) $ 1,913 $ 2,209
Marketable securities ($166 and $90 related to VIEs) 203 127
Accounts receivable, net ($171 and $173 related to VIEs) 998 1,171
Contract assets 1,011 1,066
Other current assets ($34 and $28 related to VIEs) 432 608
Total current assets 4,557 5,181
Noncurrent assets    
PP&E, net ($47 and $46 related to VIEs) 501 456
Investments 543 517
Deferred taxes 55 51
Deferred compensation trusts 267 330
Goodwill 251 249
Other assets ($44 and $45 related to VIEs) 318 305
Total noncurrent assets 1,935 1,908
Total assets 6,492 7,089
Current liabilities    
Accounts payable ($266 and $261 related to VIEs) 1,002 1,220
Short-term borrowings 214 18
Contract liabilities ($308 and $351 related to VIEs) 805 945
Accrued salaries, wages and benefits ($21 and $27 related to VIEs) 580 629
Other accrued liabilities ($37 and $33 related to VIEs) 594 802
Total current liabilities 3,195 3,614
Long-term debt 982 1,174
Deferred taxes 70 67
Other noncurrent liabilities ($13 related to VIEs in both periods) 600 667
Contingencies and commitments
Shareholders’ equity    
Preferred stock — authorized 20,000,000 shares ($0.01 par value); issued and outstanding —600,000 shares in 2022 and 2021 0 0
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 142,008,804 and 141,434,771 shares in 2022 and 2021, respectively 1 1
Additional paid-in capital 976 967
AOCI (337) (366)
Retained earnings 829 791
Total shareholders’ equity 1,469 1,393
NCI 176 174
Total equity 1,645 1,567
Total liabilities and equity $ 6,492 $ 7,089