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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 295 $ 315
Accounts receivable, net of allowance of $12 and $9 381 362
Contract assets, net of allowance of $1 and $1 206 179
Other current assets 75 97
Total current assets 957 953
Property, plant and equipment, net of accumulated depreciation of $734 and $737 554 555
Goodwill 628 623
Intangible assets, net of accumulated amortization of $235 and $232 63 72
Operating lease right-of-use assets 145 151
Deferred income taxes 118 110
Capitalized software, net of accumulated amortization of $408 and $382 135 139
Other assets 142 133
Total Assets 2,742 2,736
Current liabilities:    
Accounts payable 134 169
Accrued compensation and benefits 171 281
Operating lease liabilities - current 36 39
Contract liabilities 317 162
Other current liabilities 82 58
Total current liabilities 740 709
Long-term debt 785 904
Pension and postretirement benefit plans 223 232
Operating lease liabilities 117 120
Other liabilities 91 93
Total Liabilities 1,956 2,058
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Additional paid-in capital 808 776
Retained earnings 131 24
Accumulated other comprehensive loss (170) (146)
Total stockholders’ equity before non-controlling interests 769 654
Non-controlling interests 17 24
Total Stockholders’ Equity 786 678
Total Liabilities and Stockholders’ Equity 2,742 2,736
Common Class A    
Stockholders’ equity:    
Class B common stock, $0.001 per share, 161 million and 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Common Class B    
Stockholders’ equity:    
Class B common stock, $0.001 per share, 161 million and 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively $ 0 $ 0