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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents ($518 and $491 related to VIEs) $ 2,912 $ 2,519
Marketable securities ($25 and $0 related to VIEs) 94 69
Accounts receivable, net ($152 and $135 related to VIEs) 1,049 1,137
Contract assets ($160 and $171 related to VIEs) 1,063 991
Other current assets ($48 and $50 related to VIEs) 147 347
Total current assets 5,265 5,063
Noncurrent assets    
PP&E, net ($52 and $41 related to VIEs) 504 458
Investments 612 614
Deferred taxes 38 51
Deferred compensation trusts 223 241
Goodwill 206 206
Other assets ($80 and $127 related to VIEs) 252 340
Total noncurrent assets 1,835 1,910
Total assets 7,100 6,973
Current liabilities    
Accounts payable ($319 and $285 related to VIEs) 1,195 1,214
Contract liabilities ($271 and $276 related to VIEs) 684 639
Accrued salaries, wages and benefits ($25 related to VIEs in both periods) 608 653
Other accrued liabilities ($73 related to VIEs in both periods) 495 657
Total current liabilities 2,982 3,163
Long-term debt 1,116 1,158
Deferred taxes 80 70
Other noncurrent liabilities ($82 and $20 related to VIEs) 581 530
Commitments and contingencies
Shareholders’ equity    
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 171,326,177 and 170,405,512 shares in 2024 and 2023, respectively 2 2
APIC 1,286 1,228
AOCI (298) (269)
Retained earnings 1,261 979
Total shareholders’ equity 2,251 1,940
NCI 90 112
Total equity 2,341 2,052
Total liabilities and equity $ 7,100 $ 6,973