v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,058 $ 1,552
Receivables, net 1,835 1,701
Inventories, net 1,956 1,799
Contract assets 736 596
Prepaid and other current assets 226 172
Total current assets 5,811 5,820
Property, plant and equipment, net 1,993 2,050
Lease right-of-use assets, operating 319 315
Lease right-of-use assets, financing 174 187
Deferred income taxes 344 358
Goodwill 1,587 1,582
Intangibles, net 429 455
Investment in unconsolidated affiliates 153 163
Other assets 414 361
Total assets 11,224 11,291
Current liabilities:    
Accounts payable 858 831
Accrued liabilities 825 822
Contract liabilities 515 565
Current portion of lease liabilities 99 101
Current portion of long-term debt 13 30
Accrued income taxes 7 57
Total current liabilities 2,317 2,406
Long-term debt 1,694 1,688
Lease liabilities 513 521
Deferred income taxes 95 93
Other liabilities 297 261
Total liabilities 4,916 4,969
Commitments and contingencies
Stockholders’ equity:    
Common stock - par value $.01; 1 billion shares authorized; 356,512,491 and 360,803,354 shares issued and outstanding at September 30, 2026 and December 31, 2025 4 4
Additional paid-in capital 8,269 8,361
Accumulated other comprehensive loss (1,445) (1,424)
Retained deficit (581) (673)
Total Company stockholders' equity 6,247 6,268
Noncontrolling interests 61 54
Total stockholders’ equity 6,308 6,322
Total liabilities and stockholders’ equity $ 11,224 $ 11,291