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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents ($643 and $706 related to VIEs) $ 2,262 $ 2,439
Marketable securities ($30 and $130 related to VIEs) 60 185
Accounts receivable, net ($151 and $196 related to VIEs) 1,163 1,109
Contract assets ($221 and $186 related to VIEs) 1,032 915
Other current assets ($29 and $30 related to VIEs) 361 396
Total current assets 4,878 5,044
Noncurrent assets    
Property, plant and equipment, net ($40 and $45 related to VIEs) 439 447
Investments 667 584
Deferred taxes 34 34
Deferred compensation trusts 234 234
Goodwill 206 206
Other assets ($80 and $54 related to VIEs) 298 278
Total noncurrent assets 1,878 1,783
Total assets 6,756 6,827
Current liabilities    
Accounts payable ($251 and $253 related to VIEs) 1,155 1,017
Short-term debt and current portion of long-term debt 17 152
Contract liabilities ($351 and $352 related to VIEs) 679 742
Accrued salaries, wages and benefits ($22 and $24 related to VIEs) 575 626
Other accrued liabilities ($47 and $46 related to VIEs) 764 679
Total current liabilities 3,190 3,216
Long-term debt 979 978
Deferred taxes 81 73
Other noncurrent liabilities ($43 and $54 related to VIEs) 536 564
Commitments and contingencies
Shareholders’ equity    
Preferred stock — authorized 20,000,000 shares ($0.01 par value); issued and outstanding — 600,000 shares in 2023 and 2022 0 0
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 143,368,344 and 142,322,247 shares in 2023 and 2022, respectively 1 1
APIC 1,267 1,254
AOCI (302) (365)
Retained earnings 831 896
Total shareholders’ equity 1,797 1,786
NCI 173 210
Total equity 1,970 1,996
Total liabilities and equity $ 6,756 $ 6,827