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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,157 $ 1,230
Receivables, net 1,790 1,819
Inventories, net 1,942 1,932
Contract assets 680 577
Prepaid and other current assets 215 212
Total current assets 5,784 5,770
Property, plant and equipment, net 1,953 1,922
Lease right-of-use assets, operating 345 353
Lease right-of-use assets, financing 195 196
Deferred income taxes 388 413
Goodwill 1,621 1,630
Intangibles, net 506 508
Investment in unconsolidated affiliates 157 163
Other assets 324 406
Total assets 11,273 11,361
Current liabilities:    
Accounts payable 796 837
Accrued liabilities 685 861
Contract liabilities 520 492
Current portion of lease liabilities 102 102
Current portion of long-term debt 38 37
Accrued income taxes 41 18
Total current liabilities 2,182 2,347
Long-term debt 1,699 1,703
Lease liabilities 534 544
Deferred income taxes 64 56
Other liabilities 300 283
Total liabilities 4,779 4,933
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 378,080,553 and 381,549,541 shares issued and outstanding at March 31, 2025 and December 31, 2024 4 4
Additional paid-in capital 8,546 8,625
Accumulated other comprehensive loss (1,527) (1,625)
Retained deficit (583) (628)
Total Company stockholders' equity 6,440 6,376
Noncontrolling interests 54 52
Total stockholders’ equity 6,494 6,428
Total liabilities and stockholders’ equity $ 11,273 $ 11,361