v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net earnings $ 148 $ 104
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 50 46
Deferred income taxes 0 1
Stock-based compensation expense 11 14
Changes in assets and liabilities:    
Accounts receivable 15 (12)
Contract assets (72) (144)
Inventories (31) (42)
Prepaid expenses (3) 1
Other current assets (3) 20
Other noncurrent assets 6 9
Defined benefit obligations (4) (5)
Accounts payable (159) (156)
Contract liabilities 13 37
Other current liabilities 13 (32)
Other noncurrent liabilities (15) (7)
Net cash used in operating activities (31) (166)
Investing activities    
Capital expenditures (59) (60)
Proceeds from sales of assets 1 0
Net cash used in investing activities (58) (60)
Financing activities    
Net decrease in borrowings (maturities of 90 days or less) (5) (3)
Repayments of borrowings (191) (6)
Proceeds from stock issuance 5 3
Repurchases of common stock (16) (14)
Payments of employee taxes withheld from stock-based awards (25) (21)
Other (8) (5)
Net cash used in financing activities (288) (94)
Effect of exchange rate changes on cash and cash equivalents 0 0
Net decrease in cash and cash equivalents (377) (320)
Cash and cash equivalents at beginning of year 647 598
Cash and cash equivalents at end of period 270 278
Nonrelated Party    
Financing activities    
Dividends paid (14) (14)
Dividends paid to related party (14) (14)
Related Party    
Financing activities    
Dividends paid (34) (34)
Dividends paid to related party $ (34) $ (34)