v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 258 $ 295
Accounts receivable, net of allowance of $12 and $12 497 422
Contract assets, net of allowance of $2 and $2 222 204
Other current assets 70 79
Total current assets 1,047 1,000
Property, plant and equipment, net of accumulated depreciation of $890 and $879 711 699
Goodwill 643 656
Intangible assets, net of accumulated amortization of $257 and $256 44 48
Operating lease right-of-use assets 173 179
Deferred income taxes 92 94
Capitalized software, net of accumulated amortization of $451 and $475 93 105
Other assets 152 140
Total Assets 2,955 2,921
Current liabilities:    
Accounts payable 168 183
Accrued compensation and benefits 188 282
Operating lease liabilities - current 41 43
Contract liabilities 410 173
Other current liabilities 92 79
Total current liabilities 899 760
Long-Term Debt, Excluding Current Maturities (357) (491)
Pension and postretirement benefit plans 125 134
Operating lease liabilities 141 149
Other liabilities 97 93
Total Liabilities 1,619 1,627
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Additional paid-in capital 888 887
Retained earnings 533 470
Accumulated other comprehensive loss (102) (95)
Total stockholders’ equity before non-controlling interests 1,319 1,262
Non-controlling interests 17 32
Total Stockholders’ Equity 1,336 1,294
Total Liabilities and Stockholders’ Equity 2,955 2,921
Common Class A    
Stockholders’ equity:    
Common stock 0 0
Common Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0