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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 30 $ 61
Accounts receivable, net 87 102
Contract assets 798 672
Inventories 262 247
Related party note receivable 0 115
Prepaid expenses 26 33
Other current assets 34 33
Total current assets 1,237 1,263
Noncurrent assets:    
Total property, plant and equipment, net 357 355
Intangible assets, net 58 60
Goodwill 1,057 1,057
Net deferred tax asset 75 87
Other noncurrent assets 130 134
Total noncurrent assets 1,677 1,693
Total assets 2,914 2,956
Current liabilities:    
Short-term borrowings and current portion of long-term debt 171 53
Accounts payable 343 478
Contract liabilities 149 177
Other current liabilities 254 267
Total current liabilities 917 975
Noncurrent liabilities:    
Long-term debt 373 374
Pension and other postretirement benefit plan liabilities 80 88
Other noncurrent liabilities 89 92
Total noncurrent liabilities 542 554
Shareholder's equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value: 300,000,000 shares authorized; 145,000,000 shares issued and outstanding 1 1
Additional paid-in capital 4,633 4,633
Accumulated deficit (3,108) (3,137)
Accumulated other comprehensive loss (71) (70)
Total shareholder's equity 1,455 1,427
Total liabilities and shareholder's equity $ 2,914 $ 2,956