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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 368 $ 605
Accounts receivable, net of allowances of $3 and $3 at March 31, 2023 and December 31, 2022, respectively 1,318 1,313
Inventories 170 163
Contract assets 509 459
Prepaid expenses and other current assets 167 112
Total current assets 2,532 2,652
Property and equipment, net 418 407
Operating lease right of use assets 221 222
Goodwill 2,444 2,382
Intangible assets, net 1,703 1,784
Deferred tax assets 106 108
Pension and post-retirement assets 420 392
Other assets 130 144
Total assets 7,974 8,091
Current liabilities:    
Short-term and current portion of long-term debt 6 206
Accounts payable 473 490
Contingent consideration and compensation liabilities 17 27
Accrued salaries and wages 296 337
Contract liabilities 491 463
Operating and finance leases 73 73
Other accrued liabilities 295 325
Total current liabilities 1,651 1,921
Long-term debt, less current portion 2,590 2,583
Pension and post-retirement obligations 38 40
Contingent consideration and compensation liabilities 8 6
Operating and finance leases 168 166
Deferred tax liabilities 351 340
Other noncurrent liabilities 124 111
Total liabilities 4,930 5,167
Commitments and contingencies (Note 14)
Mezzanine equity:    
5.5% Series B Redeemable Convertible Preferred Stock, $0.0001 par value, 800,000 authorized shares, 800,000 shares issued and outstanding at June 30, 2023 and December 31, 2022; aggregate liquidation preference of $840 797 797
Shareholders’ equity:    
Series A Preferred Stock, $0.0001 par value; 7,000,000 authorized shares; 4,000,000 shares issued and outstanding at June 30, 2023 and December 31, 2022
Common stock; $0.0001 par value, 500,000,000 authorized shares, 235,270,405 shares and 233,403,912 shares issued at June 30, 2023 and December 31, 2022, respectively (excluding 584,584 shares declared for stock dividend at December 31, 2022) 0 0
Additional paid-in capital 2,565 2,558
Accumulated deficit (90) (164)
Accumulated other comprehensive loss (228) (267)
Total shareholders’ equity 2,247 2,127
Total liabilities, redeemable convertible preferred stock, and shareholders' equity $ 7,974 $ 8,091