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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 851 $ 912
Accounts receivable, net of allowances of $9 and $14 at June 30, 2026 and December 31, 2025, respectively 1,706 1,563
Inventories 172 145
Contract assets 630 484
Prepaid expenses and other current assets 171 125
Total current assets 3,530 3,229
Property and equipment, net 429 397
Operating lease right-of-use assets 303 301
Goodwill 3,643 3,167
Intangible assets, net 1,736 1,584
Deferred tax assets 20 40
Pension and post-retirement assets 129 129
Other assets 157 89
Total assets 9,947 8,936
Current liabilities:    
Short-term and current portion of long-term debt 306 5
Accounts payable 554 526
Contingent consideration and compensation liabilities 51 60
Accrued salaries and wages 372 444
Contract liabilities 815 694
Operating and finance leases 100 98
Other accrued liabilities 343 323
Total current liabilities 2,541 2,150
Long-term debt, less current portion 3,217 2,754
Pension and post-retirement obligations 48 50
Contingent consideration and compensation liabilities 12 8
Operating and finance leases 219 215
Deferred tax liabilities 248 205
Other noncurrent liabilities 146 146
Total liabilities 6,431 5,528
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, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 1,000,000,000 authorized shares at June 30, 2026 and December 31, 2025; 431,694,335 shares and 415,915,273 shares issued at June 30, 2026 and December 31, 2025, respectively (excluding 15,212,810 shares declared for stock dividend at December 31, 2025) 0 0
Additional paid-in capital 3,255 3,296
Retained earnings 673 517
Accumulated other comprehensive loss (412) (405)
Total shareholders’ equity 3,516 3,408
Total liabilities and shareholders’ equity $ 9,947 $ 8,936