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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 467 $ 306
Accounts receivable, net 151 166
Contract assets 908 872
Inventories 329 319
Prepaid expenses 21 20
Other current assets 42 24
Total current assets 1,918 1,707
Noncurrent assets:    
Property, plant and equipment, net 402 404
Intangible assets, net 151 172
Goodwill 1,238 1,236
Deferred tax assets 123 66
Other noncurrent assets 89 92
Total noncurrent assets 2,003 1,970
Total assets 3,921 3,677
Current liabilities:    
Short-term borrowings and current portion of long-term debt 57 29
Accounts payable 398 457
Contract liabilities 335 233
Other current liabilities 288 323
Total current liabilities 1,078 1,042
Noncurrent liabilities:    
Long-term debt 349 365
Pension and other postretirement benefit plan liabilities 36 45
Deferred tax liabilities 4 0
Other noncurrent liabilities 129 98
Total noncurrent liabilities 518 508
Commitments and contingencies (Note 17)
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; 262,525,390 and 260,234,033 shares issued and outstanding as of December 31, 2023 and 2022, respectively 3 3
Additional paid-in capital 5,175 5,147
Accumulated deficit (2,806) (2,974)
Accumulated other comprehensive loss (47) (49)
Total shareholders' equity 2,325 2,127
Total liabilities and shareholders' equity $ 3,921 $ 3,677