v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 272 $ 298
Accounts receivable, net of allowance of $13 and $9 424 380
Contract assets, net of allowance of $2 and $1 224 182
Other current assets 89 61
Total current assets 1,009 921
Property, plant and equipment, net of accumulated depreciation of $849 and $772 649 631
Goodwill 656 633
Intangible assets, net of accumulated amortization of $250 and $239 55 58
Operating lease right-of-use assets 188 186
Deferred income taxes 110 108
Capitalized software, net of accumulated amortization of $463 and $427 119 127
Other assets 136 136
Total Assets 2,922 2,800
Current liabilities:    
Current portion of long-term debt 0 50
Accounts payable 139 182
Accrued compensation and benefits 208 254
Operating lease liabilities - current 42 38
Contract liabilities 328 162
Other current liabilities 48 54
Total current liabilities 765 740
Long-term debt 608 692
Pension and postretirement benefit plans 202 196
Operating lease liabilities 155 155
Other liabilities 79 86
Total Liabilities 1,809 1,869
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Additional paid-in capital 852 821
Retained earnings 356 250
Accumulated other comprehensive loss (115) (167)
Total stockholders’ equity before non-controlling interests 1,093 904
Non-controlling interests 20 27
Total Stockholders’ Equity 1,113 931
Total Liabilities and Stockholders’ Equity 2,922 2,800
Common Class A    
Stockholders’ equity:    
Common stock 0 0
Common Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0