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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 35 $ 306
Accounts receivable, net 198 166
Contract assets 1,018 872
Inventories 378 319
Prepaid expenses 17 20
Other current assets 51 24
Total current assets 1,697 1,707
Noncurrent assets:    
Property plant and equipment, net 402 404
Intangible assets, net 161 172
Goodwill 1,236 1,236
Deferred tax assets 68 66
Other noncurrent assets 98 92
Total noncurrent assets 1,965 1,970
Total assets 3,662 3,677
Current liabilities:    
Short-term borrowings and current portion of long-term debt 136 29
Accounts payable 290 457
Contract liabilities 292 233
Other current liabilities 225 323
Total current liabilities 943 1,042
Noncurrent liabilities:    
Long-term debt 357 365
Pension and other postretirement benefit plan liabilities 41 45
Deferred tax liabilities 8 0
Other noncurrent liabilities 124 98
Total noncurrent liabilities 530 508
Commitments and contingencies (Note 14)
Shareholders' equity    
Preferred stock,$0.01 par value: 10,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value: 350,000,000 shares authorized; 261,723,423 issued 3 3
Additional paid-in capital 5,160 5,147
Accumulated deficit (2,927) (2,974)
Accumulated other comprehensive loss (47) (49)
Total shareholders' equity 2,189 2,127
Total liabilities and shareholders' equity $ 3,662 $ 3,677