Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Purchase Consideration

The following summarizes the purchase consideration transferred to RADA shareholders:

(in millions, except per share data)
RADA ordinary shares outstanding as of November 28, 2022	50
Share exchange ratio	1
Total Company shares issued	50
Fair value of the Company common stock (RADA share price on November 28, 2022)	$	9.87
Total fair value of the Company common stock issued	$	491
Replacement share-based payment awards pre-combination vesting expense	20
Aggregate purchase consideration	$	511

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The allocation of the purchase consideration to assets acquired and liabilities assumed is based on the estimated fair values as follows:

(Dollars in millions)
Assets:
Cash and cash equivalents	$	19
Accounts receivable, net	12
Inventories	72
Prepaid expenses	3
Other current assets	4
Property, plant and equipment, net	26
Intangible assets	131
Other noncurrent assets	14
Total identifiable assets acquired	$	281
Liabilities:
Accounts payable	$	6
Contract liabilities	2
Other current liabilities	21
Deferred tax liabilities	5
Other noncurrent liabilities	22
Total liabilities assumed	$	56
Net assets acquired, excluding goodwill	$	225
Goodwill	$	286