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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,230 $ 816
Receivables, net 1,819 1,905
Inventories, net 1,932 2,151
Contract assets 577 739
Prepaid and other current assets 212 229
Total current assets 5,770 5,840
Property, plant and equipment, net 1,922 1,865
Lease right-of-use assets, operating 353 372
Lease right-of-use assets, financing 196 172
Deferred income taxes 413 488
Goodwill 1,630 1,562
Intangibles, net 508 450
Investment in unconsolidated affiliates 163 211
Other assets 406 334
Total assets 11,361 11,294
Current liabilities:    
Accounts payable 837 904
Accrued liabilities 861 870
Contract liabilities 492 532
Current portion of lease liabilities 102 94
Current portion of long-term debt 37 13
Accrued income taxes 18 22
Total current liabilities 2,347 2,435
Long-term debt 1,703 1,712
Lease liabilities 544 558
Deferred income taxes 56 70
Other liabilities 283 277
Total liabilities 4,933 5,052
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 381,549,541 and 393,945,659 shares issued and outstanding at December 31, 2024 and December 31, 2023 4 4
Additional paid-in capital 8,625 8,812
Accumulated other comprehensive loss (1,625) (1,493)
Retained deficit (628) (1,155)
Total Company stockholders' equity 6,376 6,168
Noncontrolling interests 52 74
Total stockholders’ equity 6,428 6,242
Total liabilities and stockholders’ equity $ 11,361 $ 11,294