v3.25.0.1
Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 831 $ 430
Accounts receivable, net 212 461
Contract assets 1,683 1,537
Inventoried costs, net 208 186
Income taxes receivable 204 183
Prepaid expenses and other current assets 90 83
Total current assets 3,228 2,880
Land and land improvements 377 351
Buildings and leasehold improvements 3,182 2,954
Machinery and other equipment 2,267 2,197
Capitalized software costs 207 261
Property, plant and equipment, gross 6,033 5,763
Accumulated depreciation and amortization (2,583) (2,467)
Property, plant, and equipment, net 3,450 3,296
Other Assets    
Operating lease assets 239 262
Goodwill 2,618 2,618
Other intangible assets, net 782 891
Pension plan assets 1,422 888
Miscellaneous other assets 402 380
Total other assets 5,463 5,039
Total assets 12,141 11,215
Current Liabilities    
Trade accounts payable 598 554
Accrued employees' compensation 392 382
Current portion of long-term debt 503 231
Current portion of postretirement plan liabilities 124 129
Current portion of workers' compensation liabilities 201 224
Contract liabilities 774 1,063
Other current liabilities 399 449
Total current liabilities 2,991 3,032
Long-term debt, net of current portion 2,700 2,214
Pension plan liabilities 142 212
Other postretirement plan liabilities 209 241
Workers' compensation liabilities 443 449
Long-term operating lease liabilities 205 228
Deferred tax liabilities 378 367
Other long-term liabilities 407 379
Total liabilities 7,475 7,122
Commitments and Contingencies (Note 15)
Stockholders' Equity    
Common stock 1 1
Additional paid-in capital 2,045 2,045
Retained earnings (deficit) 5,097 4,755
Treasury stock (2,449) (2,286)
Accumulated other comprehensive income (loss) (28) (422)
Total stockholders' equity 4,666 4,093
Total liabilities and stockholders' equity $ 12,141 $ 11,215