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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 380 $ 598
Accounts receivable, net 254 253
Contract assets 982 872
Inventories 385 358
Prepaid expenses 28 27
Other current assets 41 55
Total current assets 2,070 2,163
Noncurrent assets:    
Property, plant and equipment, net 455 440
Intangible assets, net 126 132
Goodwill 1,238 1,238
Deferred tax assets 119 120
Other noncurrent assets 88 91
Total noncurrent assets 2,026 2,021
Total assets 4,096 4,184
Current liabilities:    
Short-term borrowings and current portion of long-term debt 27 25
Accounts payable 299 426
Contract liabilities 467 399
Other current liabilities 234 266
Total current liabilities 1,027 1,116
Noncurrent liabilities:    
Long-term debt 335 340
Pension and other postretirement benefit plan liabilities 29 34
Deferred tax liabilities 7 7
Other noncurrent liabilities 127 130
Total noncurrent liabilities 498 511
Commitments and contingencies (Note 12)
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; 265,853,439 and 265,064,755 issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 5,158 5,194
Accumulated deficit (2,543) (2,593)
Accumulated other comprehensive loss (47) (47)
Total shareholders' equity 2,571 2,557
Total liabilities and shareholders' equity $ 4,096 $ 4,184