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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Revenues, Expenses, and Operating Earnings by Segment and Reconciliation to Earnings before Taxes
Revenues, expenses, and operating earnings by segment and the reconciliation to earnings before taxes for the periods ended September 30, 2025 and 2024 consists of the following:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in millions)2025202420252024
Revenues
ASC$580 $533 $1,633 $1,458 
IMS383 285 964 812 
Corporate & Eliminations(3)(6)(9)(17)
Total revenues$960 $812 $2,588 $2,253 
Cost of revenues
ASC$437 $411 $1,237 $1,111 
IMS304 228 760 658 
Corporate & Eliminations(3)(6)(9)(17)
Total cost of revenues$738 $633 $1,988 $1,752 
General and administrative
ASC$63 $52 $196 $173 
IMS24 22 71 64 
Corporate & Eliminations— — 
Total general and administrative$87 $75 $267 $242 
Company-funded research and development
ASC$29 $19 $76 $51 
IMS18 13 
Corporate & Eliminations— — — — 
Total company-funded research and development$36 $23 $94 $64 
Amortization of intangibles
ASC$$$16 $17 
IMS— — — — 
Corporate & Eliminations— — — — 
Total amortization of intangibles$$$16 $17 
Other segment items
ASC$$— $$
IMS— — — — 
Corporate & Eliminations— — — — 
Total other segment items(1)
$$— $$
Operating earnings
ASC$45 $45 $107 $101 
IMS48 31 115 77 
Corporate & Eliminations— (1)— (5)
Total operating earnings$93 $75 $222 $173 
Interest expense, net(4)(5)(7)(17)
Other, net(2)(1)(3)(3)
Earnings before taxes$87 $69 $212 $153 
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(1)Includes ASC restructuring costs for the periods presented.
Total intersegment revenues by segment for the periods ended September 30, 2025 and 2024 consists of the following:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in millions)2025202420252024
ASC$$$$17 
IMS— — — — 
Total intersegment revenues $$$$17 
Schedule of Depreciation, Assets by Segment
Depreciation by segment for the periods ended September 30, 2025 and 2024 consists of the following:
Three Months Ended September 30,Nine Months Ended September 30,
(Dollars in millions)2025202420252024
ASC$12 $12 $36 $36 
IMS17 15 
Total depreciation $18 $17 $53 $51 
Total assets by segment as of September 30, 2025 and December 31, 2024, consists of the following:
(Dollars in millions)September 30, 2025December 31, 2024
ASC$2,465 $2,249 
IMS1,344 1,225 
Corporate & Eliminations436 710 
Total assets $4,245 $4,184