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DISPOSITIONS AND BUSINESSES HELD FOR SALE
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITIONS AND BUSINESSES HELD FOR SALE DISPOSITIONS AND BUSINESSES HELD FOR SALE. During the second quarter of 2024, our Steam Power business completed the sale of part of its nuclear activities to Electricité de France S.A. (EDF). In connection with the disposition, we received net cash proceeds of $639 million, subject to customary working capital and other post-close adjustments. As a result, we recognized a pre-tax gain of $853 million (after-tax gain of $845 million), recorded in Other income (expense) – net in our Consolidated and Combined Statement of Income (Loss). See Notes 15, 16 and 19 for further information.
The major components of assets and liabilities of the business held for sale in the Company’s Consolidated and Combined Statement of Financial Position are summarized as follows:

ASSETS AND LIABILITIES OF BUSINESS HELD FOR SALESeptember 30, 2024December 31, 2023
Cash and cash equivalents$— $603 
Current receivables, inventories, and contract assets— 551 
Property, plant, and equipment and intangibles – net— 237 
Other assets
— 53 
Assets of business held for sale$— $1,444 
Contract liabilities and deferred income$— $1,001 
Accounts payable and equipment project payables— 177 
Other liabilities— 270 
Liabilities of business held for sale
$— $1,448