XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 198 $ 467
Accounts receivable, net 237 151
Contract assets 997 908
Inventories 363 329
Prepaid expenses 29 21
Other current assets 36 42
Total current assets 1,860 1,918
Noncurrent assets:    
Property, plant and equipment, net 415 402
Intangible assets, net 138 151
Goodwill 1,238 1,238
Deferred tax assets 124 123
Other noncurrent assets 86 89
Total noncurrent assets 2,001 2,003
Total assets 3,861 3,921
Current liabilities:    
Short-term borrowings and current portion of long-term debt 22 57
Accounts payable 292 398
Contract liabilities 315 335
Other current liabilities 251 288
Total current liabilities 880 1,078
Noncurrent liabilities:    
Long-term debt 345 349
Pension and other postretirement benefit plan liabilities 34 36
Deferred tax liabilities 6 4
Other noncurrent liabilities 122 129
Total noncurrent liabilities 507 518
Commitments and contingencies (Note 13)
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; 264,308,455 and 262,525,390 issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 3 3
Additional paid-in capital 5,200 5,175
Accumulated deficit (2,682) (2,806)
Accumulated other comprehensive loss (47) (47)
Total shareholders' equity 2,474 2,325
Total liabilities and shareholders' equity $ 3,861 $ 3,921