v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 813 $ 1,096
Accounts receivable (net of allowance for expected credit losses of $129 and $125) 3,985 3,688
Contract assets 824 699
Inventories 686 613
Other current assets 531 405
Total Current Assets 6,839 6,501
Future income tax benefits 426 407
Fixed assets (net of accumulated depreciation of $1,291 and $1,261) 755 743
Operating lease right-of-use assets 580 554
Intangible assets, net 387 343
Goodwill 1,794 1,695
Other assets 375 410
Total Assets 11,156 10,653
Liabilities and Equity (Deficit)    
Short-term borrowings and current portion of long-term debt 1,390 1,056
Accounts payable 2,099 2,142
Accrued liabilities 1,713 1,847
Contract liabilities 3,023 2,611
Total Current Liabilities 8,225 7,656
Long-term debt 7,046 6,900
Future pension and postretirement benefit obligations 411 419
Operating lease liabilities 410 397
Future income tax obligations 196 223
Other long-term liabilities 322 329
Total Liabilities 16,610 15,924
Commitments and contingent liabilities (Note 15)
Redeemable noncontrolling interest 106 75
Shareholders' Equity (Deficit):    
Common Stock and additional paid-in capital 353 333
Treasury Stock (5,005) (4,198)
Accumulated deficit (117) (440)
Accumulated other comprehensive income (loss) (979) (1,087)
Total Shareholders' Equity (Deficit) (5,748) (5,392)
Noncontrolling interest 188 46
Total Equity (Deficit) (5,560) (5,346)
Total Liabilities and Equity (Deficit) $ 11,156 $ 10,653