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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 827 $ 816
Receivables, net 1,854 1,905
Inventories, net 2,157 2,151
Contract assets 772 739
Prepaid and other current assets 234 229
Total current assets 5,844 5,840
Property, plant and equipment, net 1,882 1,865
Lease right-of-use assets, operating 376 372
Lease right-of-use assets, financing 175 172
Deferred income taxes 396 488
Goodwill 1,618 1,562
Intangibles, net 498 450
Investment in unconsolidated affiliates 168 211
Other assets 340 334
Total assets 11,297 11,294
Current liabilities:    
Accounts payable 809 904
Accrued liabilities 782 870
Contract liabilities 508 532
Current portion of lease liabilities 99 94
Current portion of long-term debt 24 13
Accrued income taxes 20 22
Total current liabilities 2,242 2,435
Long-term debt 1,724 1,712
Lease liabilities 553 558
Deferred income taxes 59 70
Other liabilities 287 277
Total liabilities 4,865 5,052
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 393,706,882 and 393,945,659 shares issued and outstanding at June 30, 2024 and December 31, 2023 4 4
Additional paid-in capital 8,784 8,812
Accumulated other comprehensive loss (1,549) (1,493)
Retained deficit (860) (1,155)
Total Company stockholders' equity 6,379 6,168
Noncontrolling interests 53 74
Total stockholders’ equity 6,432 6,242
Total liabilities and stockholders’ equity $ 11,297 $ 11,294