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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 78 $ 61
Accounts receivable, net 96 102
Contract assets 788 672
Inventories 215 247
Related party note receivable 0 115
Prepaid expenses 30 33
Other current assets 18 33
Total current assets 1,225 1,263
Noncurrent assets:    
Property plant and equipment, net 356 355
Intangible assets, net 54 60
Goodwill 1,071 1,057
Deferred tax assets, net 54 87
Other noncurrent assets 126 134
Total noncurrent assets 1,661 1,693
Total assets 2,886 2,956
Current liabilities:    
Short-term borrowings and current portion of long-term debt 124 53
Accounts payable 285 478
Contract liabilities 160 177
Other current liabilities 263 267
Total current liabilities 832 975
Noncurrent liabilities:    
Long-term debt 372 374
Pension and other postretirement benefit plan liabilities 69 88
Other noncurrent liabilities 83 92
Total noncurrent liabilities 524 554
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 (3,041) (3,137)
Accumulated other comprehensive loss (63) (70)
Total shareholder's equity 1,530 1,427
Total liabilities and shareholder's equity $ 2,886 $ 2,956