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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 113 $ 240
Accounts receivable, net 130 156
Contract assets 823 743
Inventories 231 205
Related party note receivable 0 0
Prepaid expenses 18 23
Other current assets 25 22
Held for sale 177 0
Total current assets 1,517 1,389
Noncurrent assets:    
Total property, plant and equipment, net 367 364
Intangible assets, net 50 52
Goodwill 954 1,071
Net deferred tax asset 48 56
Other noncurrent assets 97 137
Total noncurrent assets 1,516 1,680
Total assets 3,033 3,069
Current liabilities:    
Short-term borrowings and current portion of long-term debt 186 41
Accounts payable 248 479
Contract liabilities 172 174
Other current liabilities 275 295
Held for sale 42 0
Total current liabilities 923 989
Noncurrent liabilities:    
Long-term debt 354 352
Pension and other postretirement benefit plan liabilities 56 61
Other noncurrent liabilities 65 74
Total noncurrent liabilities 475 487
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 (2,947) (2,983)
Accumulated other comprehensive loss (52) (58)
Total shareholder's equity 1,635 1,593
Total liabilities and shareholder's equity $ 3,033 $ 3,069