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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 592 $ 1,069
Receivables, net 1,891 1,739
Inventories, net 2,199 1,813
Contract assets 704 685
Prepaid and other current assets 224 187
Total current assets 5,610 5,493
Property, plant and equipment, net 1,839 1,781
Lease right-of-use assets, operating 376 346
Lease right-of-use assets, financing 172 171
Goodwill 1,549 1,505
Intangibles, net 470 490
Investment in unconsolidated affiliates 184 117
Other assets 246 232
Total assets 10,446 10,135
Current liabilities:    
Accounts payable 1,007 906
Accrued liabilities 769 959
Contract liabilities 494 444
Current portion of lease liabilities 91 87
Current portion of long-term debt 13 13
Accrued income taxes 11 28
Total current liabilities 2,385 2,437
Long-term debt 1,715 1,717
Lease liabilities 568 549
Deferred income taxes 69 68
Other liabilities 212 230
Total liabilities 4,949 5,001
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 393,776,806 and 392,832,752 shares issued and outstanding at June 30, 2023 and December 31, 2022 4 4
Additional paid-in capital 8,773 8,754
Accumulated other comprehensive loss (1,515) (1,593)
Retained deficit (1,828) (2,069)
Total Company stockholders' equity 5,434 5,096
Noncontrolling interests 63 38
Total stockholders’ equity 5,497 5,134
Total liabilities and stockholders’ equity $ 10,446 $ 10,135