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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 774 $ 1,069
Receivables, net 1,776 1,739
Inventories, net 2,036 1,813
Contract assets 637 685
Prepaid and other current assets 199 187
Total current assets 5,422 5,493
Property, plant and equipment, net 1,814 1,781
Lease right-of-use assets, operating 361 346
Lease right-of-use assets, financing 171 171
Goodwill 1,549 1,505
Intangibles, net 477 490
Investment in unconsolidated affiliates 144 117
Other assets 239 232
Total assets 10,177 10,135
Current liabilities:    
Accounts payable 961 906
Accrued liabilities 775 959
Contract liabilities 449 444
Current portion of lease liabilities 89 87
Current portion of long-term debt 13 13
Accrued income taxes 21 28
Total current liabilities 2,308 2,437
Long-term debt 1,719 1,717
Lease liabilities 556 549
Deferred income taxes 68 68
Other liabilities 218 230
Total liabilities 4,869 5,001
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 393,727,525 and 392,832,752 shares issued and outstanding at March 31, 2023 and December 31, 2022 4 4
Additional paid-in capital 8,756 8,754
Accumulated other comprehensive loss (1,554) (1,593)
Retained deficit (1,963) (2,069)
Total Company stockholders' equity 5,243 5,096
Noncontrolling interests 65 38
Total stockholders’ equity 5,308 5,134
Total liabilities and stockholders’ equity $ 10,177 $ 10,135