XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net earnings $ 50 $ 29
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 23 22
Deferred income taxes 1 0
Share-based compensation expense 8 1
Changes in assets and liabilities:    
Accounts receivable (1) (43)
Contract assets (110) (98)
Inventories (27) (13)
Prepaid expenses (1) (2)
Other current assets 14 (5)
Other noncurrent assets 6 5
Defined benefit obligations (5) (1)
Accounts payable (126) (178)
Contract liabilities 68 26
Other current liabilities (32) (2)
Other noncurrent liabilities (6) (6)
Net cash used in operating activities (138) (265)
Investing activities    
Capital expenditures (32) (10)
Net cash used in investing activities (32) (10)
Financing activities    
Net increase (decrease) in third party borrowings (maturities of 90 days or less) 2 (26)
Repayment of third party debt (3) (38)
Borrowings of third party debt 0 35
Proceeds from stock issuance 0 2
Repurchases of common stock (3) 0
Payments of employee taxes withheld from share-based awards (17) (2)
Other (3) (3)
Net cash used in financing activities (48) (32)
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (218) (307)
Cash and cash equivalents at beginning of year 598 467
Cash and cash equivalents at end of period 380 160
Nonrelated Party    
Financing activities    
Dividends paid (7) 0
Dividends paid to related party (7) 0
Related Party    
Financing activities    
Dividends paid (17) 0
Dividends paid to related party $ (17) $ 0