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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 344 $ 315
Accounts receivable, net of allowance of $11 and $9 429 362
Contract assets, net of allowance of $1 and $1 193 179
Other current assets 85 97
Total current assets 1,051 953
Property, plant and equipment, net of accumulated depreciation of $750 and $737 555 555
Goodwill 618 623
Intangible assets, net of accumulated amortization of $232 and $232 66 72
Operating lease right-of-use assets 147 151
Deferred income taxes 112 110
Capitalized software, net of accumulated amortization of $395 and $382 136 139
Other assets 134 133
Total Assets 2,819 2,736
Current liabilities:    
Accounts payable 156 169
Accrued compensation and benefits 170 281
Operating lease liabilities - current 37 39
Contract liabilities 385 162
Other current liabilities 81 58
Total current liabilities 829 709
Long-term debt 867 904
Pension and postretirement benefit plans 227 232
Operating lease liabilities 116 120
Other liabilities 97 93
Total Liabilities 2,136 2,058
Commitments and contingencies (Note 15)
Stockholder’s equity:    
Common stock, $0.001 per share, 200 million shares issued and outstanding at March 31, 2024 and December 31, 2023 0 0
Additional paid-in capital 776 776
Retained earnings 55 24
Accumulated other comprehensive loss (160) (146)
Total stockholder’s equity before non-controlling interests 671 654
Non-controlling interests 12 24
Total Stockholder’s Equity 683 678
Total Liabilities and Stockholder’s Equity $ 2,819 $ 2,736