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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,207 $ 1,230
Receivables, net 1,871 1,819
Inventories, net 1,886 1,932
Contract assets 576 577
Prepaid and other current assets 222 212
Total current assets 5,762 5,770
Property, plant and equipment, net 2,025 1,922
Lease right-of-use assets, operating 340 353
Lease right-of-use assets, financing 192 196
Deferred income taxes 389 413
Goodwill 1,623 1,630
Intangibles, net 466 508
Investment in unconsolidated affiliates 173 163
Other assets 368 406
Total assets 11,338 11,361
Current liabilities:    
Accounts payable 798 837
Accrued liabilities 760 861
Contract liabilities 564 492
Current portion of lease liabilities 101 102
Current portion of long-term debt 34 37
Accrued income taxes 7 18
Total current liabilities 2,264 2,347
Long-term debt 1,692 1,703
Lease liabilities 528 544
Deferred income taxes 74 56
Other liabilities 268 283
Total liabilities 4,826 4,933
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 366,505,774 and 381,549,541 shares issued and outstanding at Septemeber 30, 2025 and December 31, 2024 4 4
Additional paid-in capital 8,429 8,625
Accumulated other comprehensive loss (1,410) (1,625)
Retained deficit (568) (628)
Total Company stockholders' equity 6,455 6,376
Noncontrolling interests 57 52
Total stockholders’ equity 6,512 6,428
Total liabilities and stockholders’ equity $ 11,338 $ 11,361