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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 598 $ 467
Accounts receivable, net 253 151
Contract assets 872 908
Inventories 358 329
Prepaid expenses 27 21
Other current assets 55 42
Total current assets 2,163 1,918
Noncurrent assets:    
Property, plant and equipment, net 440 402
Intangible assets, net 132 151
Goodwill 1,238 1,238
Deferred tax assets 120 123
Other noncurrent assets 91 89
Total noncurrent assets 2,021 2,003
Total assets 4,184 3,921
Current liabilities:    
Short-term borrowings and current portion of long-term debt 25 57
Accounts payable 426 398
Contract liabilities 399 335
Other current liabilities 266 288
Total current liabilities 1,116 1,078
Noncurrent liabilities:    
Long-term debt 340 349
Pension and other postretirement benefit plan liabilities 34 36
Deferred tax liabilities 7 4
Other noncurrent liabilities 130 129
Total noncurrent liabilities 511 518
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; 265,064,755 and 262,525,390 shares issued and outstanding as of December 31, 2024 and 2023, respectively 3 3
Additional paid-in capital 5,194 5,175
Accumulated deficit (2,593) (2,806)
Accumulated other comprehensive loss (47) (47)
Total shareholders' equity 2,557 2,325
Total liabilities and shareholders' equity $ 4,184 $ 3,921