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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 432 $ 499
Accounts receivable, net of allowances of $13 and $9 at June 30, 2025 and December 31, 2024, respectively 1,510 1,444
Inventories 154 143
Contract assets 542 453
Prepaid expenses and other current assets 160 119
Total current assets 2,798 2,658
Property and equipment, net 382 379
Operating lease right of use assets 290 268
Goodwill 3,126 2,894
Intangible assets, net 1,672 1,660
Deferred tax assets 75 57
Pension and post-retirement assets 122 120
Other assets 74 116
Total assets 8,539 8,152
Current liabilities:    
Short-term and current portion of long-term debt 5 4
Accounts payable 524 497
Contingent consideration and compensation liabilities 25 20
Accrued salaries and wages 330 381
Contract liabilities 644 590
Operating and finance leases 95 90
Other accrued liabilities 310 303
Total current liabilities 1,933 1,885
Long-term debt, less current portion 2,751 2,749
Pension and post-retirement obligations 53 48
Contingent consideration and compensation liabilities 44 22
Operating and finance leases 208 192
Deferred tax liabilities 218 198
Other noncurrent liabilities 161 105
Total liabilities 5,368 5,199
Commitments and contingencies (Note 14)
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, 2025 and December 31, 2024 0 0
Common stock, $0.0001 par value; 1,000,000,000 authorized shares and 500,000,000 authorized shares at June 30, 2025 and December 31, 2024, respectively; 415,324,653 shares and 412,167,491 shares issued at June 30, 2025 and December 31, 2024, respectively (excluding 11,916,156 shares declared for stock dividend at December 31, 2024) 0 0
Additional paid-in capital 3,262 3,305
Retained earnings 327 215
Accumulated other comprehensive loss (418) (567)
Total shareholders’ equity 3,171 2,953
Total liabilities and shareholders’ equity $ 8,539 $ 8,152