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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 267 $ 298
Accounts receivable, net of allowance of $12 and $9 463 380
Contract assets, net of allowance of $2 and $1 203 182
Other current assets 65 61
Total current assets 998 921
Property, plant and equipment, net of accumulated depreciation of $803 and $772 631 631
Goodwill 641 633
Intangible assets, net of accumulated amortization of $243 and $239 56 58
Operating lease right-of-use assets 182 186
Deferred income taxes 108 108
Capitalized software, net of accumulated amortization of $444 and $427 123 127
Other assets 139 136
Total Assets 2,878 2,800
Current liabilities:    
Current portion of long-term debt 0 50
Accounts payable 143 182
Accrued compensation and benefits 164 254
Operating lease liabilities - current 40 38
Contract liabilities 400 162
Other current liabilities 57 54
Total current liabilities 804 740
Long-term debt 653 692
Pension and postretirement benefit plans 195 196
Operating lease liabilities 150 155
Other liabilities 92 86
Total Liabilities 1,894 1,869
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Additional paid-in capital 829 821
Retained earnings 291 250
Accumulated other comprehensive loss (150) (167)
Total stockholders’ equity before non-controlling interests 970 904
Non-controlling interests 14 27
Total Stockholders’ Equity 984 931
Total Liabilities and Stockholders’ Equity 2,878 2,800
Common Class A    
Stockholders’ equity:    
Common stock 0 0
Common Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0