v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Revenues, Expenses, and Operating Earnings by Segment and Reconciliation to Earnings before Taxes
Revenues, expenses, and operating earnings by segment and the reconciliation to earnings before taxes for the periods ended June 30, 2026 and 2025 consist of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2026202520262025
Revenues
ASC$587 $542 $1,146 $1,053 
IMS333 290 628 581 
Corporate & Eliminations(7)(3)(15)(6)
Total revenues$913 $829 $1,759 $1,628 
Cost of revenues
ASC$437 $408 $857 $800 
IMS246 227 468 456 
Corporate & Eliminations(7)(3)(15)(6)
Total cost of revenues$676 $632 $1,310 $1,250 
General and administrative
ASC$66 $67 $136 $133 
IMS27 24 56 47 
Corporate & Eliminations— — — — 
Total general and administrative$93 $91 $192 $180 
Company-funded independent research and development
ASC$29 $24 $53 $47 
IMS7 6 14 11 
Corporate & Eliminations— — — — 
Total company-funded independent research and development$36 $30 $67 $58 
Amortization of acquired intangible assets
ASC$6 $6 $11 $11 
IMS— — — — 
Corporate & Eliminations— — — — 
Total amortization of acquired intangible assets$6 $6 $11 $11 
Operating earnings
ASC$49 $37 $89 $62 
IMS53 33 90 67 
Corporate & Eliminations— — — — 
Total operating earnings$102 $70 $179 $129 
Interest income (expense), net2 (2)2 (3)
Other, net(4)(1)(4)(1)
Earnings before taxes$100 $67 $177 $125 
Total intersegment revenues by segment for the periods ended June 30, 2026 and 2025 consist of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2026202520262025
ASC$6 $3 $13 $6 
IMS1 — 2 — 
Total intersegment revenues $7 $3 $15 $6 
Schedule of Depreciation, Assets by Segment
Depreciation by segment for the periods ended June 30, 2026 and 2025 consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
(Dollars in millions)2026202520262025
ASC$14 $12 $27 $24 
IMS6 5 12 11 
Total depreciation $20 $17 $39 $35 
Total assets by segment as of June 30, 2026 and December 31, 2025, consist of the following:
(Dollars in millions)June 30, 2026December 31, 2025
ASC$2,588 $2,451 
IMS1,224 1,300 
Corporate & Eliminations385 735 
Total assets $4,197 $4,486