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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 278 $ 598
Accounts receivable, net 265 253
Contract assets 1,016 872
Inventories 400 358
Prepaid expenses 26 27
Other current assets 40 55
Total current assets 2,025 2,163
Noncurrent assets:    
Property, plant and equipment, net 463 440
Intangible assets, net 120 132
Goodwill 1,238 1,238
Deferred tax assets 118 120
Other noncurrent assets 115 91
Total noncurrent assets 2,054 2,021
Total assets 4,079 4,184
Current liabilities:    
Short-term borrowings and current portion of long-term debt 22 25
Accounts payable 265 426
Contract liabilities 436 399
Other current liabilities 235 266
Total current liabilities 958 1,116
Noncurrent liabilities:    
Long-term debt 331 340
Pension and other postretirement benefit plan liabilities 29 34
Deferred tax liabilities 6 7
Other noncurrent liabilities 155 130
Total noncurrent liabilities 521 511
Commitments and contingencies (Note 13)
Stockholders' 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; 266,185,454 and 265,064,755 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 3 3
Additional paid-in capital 5,128 5,194
Accumulated deficit (2,489) (2,593)
Accumulated other comprehensive loss (42) (47)
Total stockholders' equity 2,600 2,557
Total liabilities and stockholders' equity $ 4,079 $ 4,184