v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 294 $ 647
Accounts receivable, net 358 334
Contract assets 1,083 931
Inventories 374 352
Prepaid expenses 45 26
Other current assets 25 36
Total current assets 2,179 2,326
Noncurrent assets:    
Property, plant and equipment, net 572 512
Intangible assets, net 94 112
Goodwill 1,238 1,238
Deferred tax assets 87 88
Other noncurrent assets 204 210
Total noncurrent assets 2,195 2,160
Total assets 4,374 4,486
Current liabilities:    
Short-term borrowings and current portion of long-term debt 10 26
Accounts payable 257 351
Contract liabilities 594 585
Other current liabilities 296 269
Total current liabilities 1,157 1,231
Noncurrent liabilities:    
Long-term debt 165 321
Pension and other postretirement benefit plan liabilities 28 35
Deferred tax liabilities 3 3
Other noncurrent liabilities 131 166
Total noncurrent liabilities 327 525
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock, $0.01 par value: 10,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value: 350,000,000 shares authorized; 266,711,588 and 265,822,404 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 4,983 5,083
Accumulated deficit (2,052) (2,315)
Accumulated other comprehensive loss (44) (41)
Total stockholders' equity 2,890 2,730
Total liabilities and stockholders' equity $ 4,374 $ 4,486