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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 985 $ 816
Receivables, net 1,896 1,905
Inventories, net 2,123 2,151
Contract assets 684 739
Prepaid and other current assets 230 229
Total current assets 5,918 5,840
Property, plant and equipment, net 1,908 1,865
Lease right-of-use assets, operating 375 372
Lease right-of-use assets, financing 175 172
Deferred income taxes 407 488
Goodwill 1,612 1,562
Intangibles, net 493 450
Investment in unconsolidated affiliates 170 211
Other assets 364 334
Total assets 11,422 11,294
Current liabilities:    
Accounts payable 835 904
Accrued liabilities 819 870
Contract liabilities 495 532
Current portion of lease liabilities 101 94
Current portion of long-term debt 28 13
Accrued income taxes 22 22
Total current liabilities 2,300 2,435
Long-term debt 1,721 1,712
Lease liabilities 551 558
Deferred income taxes 44 70
Other liabilities 290 277
Total liabilities 4,906 5,052
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 389,084,160 and 393,945,659 shares issued and outstanding at September 30, 2024 and December 31, 2023 4 4
Additional paid-in capital 8,721 8,812
Accumulated other comprehensive loss (1,502) (1,493)
Retained deficit (759) (1,155)
Total Company stockholders' equity 6,464 6,168
Noncontrolling interests 52 74
Total stockholders’ equity 6,516 6,242
Total liabilities and stockholders’ equity $ 11,422 $ 11,294