v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 26, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,558 $ 213
Accounts receivable, less allowances of $54 and $33, respectively 2,324 2,156
Inventories 4,624 4,311
Current contract assets 1,462 1,366
Other current assets 544 344
Total current assets 10,512 8,390
Property, plant and equipment, net 2,318 2,101
Goodwill 3,035 3,025
Other intangible assets, net 2,239 2,177
Deferred tax assets 72 412
Pension assets 3,039 13
Other assets 1,817 1,567
Total assets 23,032 17,685
Current liabilities:    
Accounts payable 2,931 2,883
Current contract liabilities 1,612 1,589
Accrued liabilities 1,857 2,105
Total current liabilities 6,400 6,577
Long-term debt 15,853 4
Contract liabilities 1,075 1,091
Deferred tax liabilities 679 61
Other liabilities 1,514 1,456
Total liabilities 25,521 9,189
EQUITY    
Preferred stock, par value $0.01 per share; 40.0 million shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.01 per share; 1.0 billion shares authorized; 317.0 million shares issued and outstanding as of September 26, 2026; no shares issued and outstanding as of December 31, 2025 3 0
Additional paid-in capital 29 0
Accumulated deficit (1,804) 0
Net Parent investment 0 8,609
Accumulated other comprehensive loss (800) (210)
Total (deficit) equity attributable to Aerospace (2,572) 8,399
Noncontrolling interests 83 97
Total (deficit) equity (2,489) 8,496
Total liabilities and (deficit) equity $ 23,032 $ 17,685