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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents ($325 and $333 related to VIEs) $ 2,433 $ 2,829
Marketable securities ($68 and $59 related to VIEs) 78 130
Accounts receivable, net ($89 and $92 related to VIEs) 918 921
Contract assets ($148 and $130 related to VIEs) 1,310 1,138
Other current assets ($35 and $32 related to VIEs) 172 157
Total current assets 4,911 5,175
Noncurrent assets    
PP&E, net ($44 and $46 related to VIEs) 480 494
Investments 2,376 2,828
Other assets ($16 and $17 related to VIEs) 656 646
Total noncurrent assets 3,512 3,968
Total assets 8,423 9,143
Current liabilities    
Accounts payable ($254 and $233 related to VIEs) 1,323 1,220
Contract liabilities ($233 and $278 related to VIEs) 580 684
Accrued salaries, wages and benefits ($17 and $18 related to VIEs) 516 640
Other accrued liabilities ($43 and $37 related to VIEs) 400 527
Total current liabilities 2,819 3,071
Long-term debt 1,087 1,104
Deferred taxes 412 468
Other noncurrent liabilities 455 508
Commitments and contingencies
Shareholders’ equity    
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 166,159,352 and 169,228,759 shares in 2025 and 2024, respectively 2 2
APIC 1,031 1,174
AOCI (325) (351)
Retained earnings 2,883 3,124
Total shareholders’ equity 3,591 3,949
NCI 59 43
Total equity 3,650 3,992
Total liabilities and equity $ 8,423 $ 9,143