v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,164 $ 1,552
Receivables, net 1,813 1,701
Inventories, net 1,947 1,799
Contract assets 666 596
Prepaid and other current assets 199 172
Total current assets 5,789 5,820
Property, plant and equipment, net 2,016 2,050
Lease right-of-use assets, operating 320 315
Lease right-of-use assets, financing 180 187
Deferred income taxes 342 358
Goodwill 1,584 1,582
Intangibles, net 438 455
Investment in unconsolidated affiliates 159 163
Other assets 371 361
Total assets 11,199 11,291
Current liabilities:    
Accounts payable 858 831
Accrued liabilities 781 822
Contract liabilities 596 565
Current portion of lease liabilities 100 101
Current portion of long-term debt 14 30
Accrued income taxes 41 57
Total current liabilities 2,390 2,406
Long-term debt 1,692 1,688
Lease liabilities 520 521
Deferred income taxes 83 93
Other liabilities 253 261
Total liabilities 4,938 4,969
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 357,299,308 and 360,803,354 shares issued and outstanding at June 30, 2026 and December 31, 2025 4 4
Additional paid-in capital 8,270 8,361
Accumulated other comprehensive loss (1,430) (1,424)
Retained deficit (639) (673)
Total Company stockholders' equity 6,205 6,268
Noncontrolling interests 56 54
Total stockholders’ equity 6,261 6,322
Total liabilities and stockholders’ equity $ 11,199 $ 11,291