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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 479 $ 605
Accounts receivable, net of allowances of $5 and $3 at December 31, 2023 and December 31, 2022, respectively 1,395 1,313
Inventories 150 163
Contract assets 436 459
Prepaid expenses and other current assets 122 112
Total current assets 2,582 2,652
Property and equipment, net 385 407
Operating lease right of use assets 233 222
Goodwill 2,471 2,382
Intangible assets, net 1,620 1,784
Deferred tax assets 113 108
Pension and post-retirement assets 111 392
Other assets 75 144
Total assets 7,590 8,091
Current liabilities:    
Short-term and current portion of long-term debt 5 206
Accounts payable 472 490
Contingent consideration and compensation liabilities 22 27
Accrued salaries and wages 363 337
Contract liabilities 526 463
Operating and finance leases 75 73
Other accrued liabilities 344 325
Total current liabilities 1,807 1,921
Long-term debt, less current portion 2,322 2,583
Pension and post-retirement obligations 50 40
Contingent consideration and compensation liabilities 11 6
Operating and finance leases 172 166
Deferred tax liabilities 233 340
Other noncurrent liabilities 127 111
Total liabilities 4,722 5,167
Commitments and contingencies (Note 18) 0 0
Mezzanine equity:    
5.5% Series B Redeemable Convertible Preferred Stock, $0.0001 par value, 800,000 authorized shares, issued and outstanding at December 31, 2023 and 2022, respectively, 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 December 31, 2023 and 2022 0 0
Common stock; $0.0001 par value, 500,000,000 authorized shares, 235,575,316 shares and 233,403,912 shares issued at December 31, 2023 and 2022, respectively (excluding 8,281,148 and 584,584 shares declared for stock dividend at December 31, 2023 and 2022, respectively) 0 0
Additional paid-in capital 2,572 2,558
Accumulated deficit (11) (164)
Accumulated other comprehensive loss (490) (267)
Total shareholders’ equity 2,071 2,127
Total liabilities, redeemable convertible preferred stock, and shareholders’ equity $ 7,590 $ 8,091