v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,552 $ 1,230
Receivables, net 1,701 1,819
Inventories, net 1,799 1,932
Contract assets 596 577
Prepaid and other current assets 172 212
Total current assets 5,820 5,770
Property, plant and equipment, net 2,050 1,922
Lease right-of-use assets, operating 315 353
Lease right-of-use assets, financing 187 196
Deferred income taxes 358 413
Goodwill 1,582 1,630
Intangibles, net 455 508
Investment in unconsolidated affiliates 163 163
Other assets 361 406
Total assets 11,291 11,361
Current liabilities:    
Accounts payable 831 837
Accrued liabilities 822 861
Contract liabilities 565 492
Current portion of lease liabilities 101 102
Current portion of long-term debt 30 37
Accrued income taxes 57 18
Total current liabilities 2,406 2,347
Long-term debt 1,688 1,703
Lease liabilities 521 544
Deferred income taxes 93 56
Other liabilities 261 283
Total liabilities 4,969 4,933
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 360,803,354 and 381,549,541 shares issued and outstanding at December 31, 2025 and December 31, 2024 4 4
Additional paid-in capital 8,361 8,625
Accumulated other comprehensive loss (1,424) (1,625)
Retained deficit (673) (628)
Total Company stockholders' equity 6,268 6,376
Noncontrolling interests 54 52
Total stockholders’ equity 6,322 6,428
Total liabilities and stockholders’ equity $ 11,291 $ 11,361