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Consolidated Balance Sheets -10-Q - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 69 $ 240
Accounts receivable, net 125 156
Contract assets 874 743
Inventories 249 205
Related party note receivable 0 0
Prepaid expenses 17 23
Other current assets 29 22
Held for sale 174 0
Total current assets 1,537 1,389
Noncurrent assets:    
Property, plant and equipment, net 363 364
Intangible assets, net 47 52
Goodwill 952 1,071
Deferred tax assets 46 56
Other noncurrent assets 98 137
Total noncurrent assets 1,506 1,680
Total assets 3,043 3,069
Current liabilities:    
Short-term borrowings and current portion of long-term debt 140 41
Accounts payable 291 479
Contract liabilities 156 174
Other current liabilities 279 295
Held for sale 45 0
Total current liabilities 911 989
Noncurrent liabilities:    
Long-term debt 350 352
Pension and other postretirement benefit plan liabilities 54 61
Other noncurrent liabilities 70 74
Total noncurrent liabilities 474 487
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 (2,922) (2,983)
Accumulated other comprehensive loss (54) (58)
Total shareholder's equity 1,658 1,593
Total liabilities and shareholder's equity $ 3,043 $ 3,069