v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 647 $ 598
Accounts receivable, net 334 253
Contract assets 931 872
Inventories 352 358
Prepaid expenses 26 27
Other current assets 36 55
Total current assets 2,326 2,163
Noncurrent assets:    
Property, plant and equipment, net 512 440
Intangible assets, net 112 132
Goodwill 1,238 1,238
Deferred tax assets 88 120
Other noncurrent assets 210 91
Total noncurrent assets 2,160 2,021
Total assets 4,486 4,184
Current liabilities:    
Short-term borrowings and current portion of long-term debt 26 25
Accounts payable 351 426
Contract liabilities 585 399
Other current liabilities 269 266
Total current liabilities 1,231 1,116
Noncurrent liabilities:    
Long-term debt 321 340
Pension and other postretirement benefit plan liabilities 35 34
Deferred tax liabilities 3 7
Other noncurrent liabilities 166 130
Total noncurrent liabilities 525 511
Commitments and contingencies (Note 16)
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; 265,822,404 and 265,064,755 shares issued and outstanding as of December 31, 2025 and 2024, respectively 3 3
Additional paid-in capital 5,083 5,194
Accumulated deficit (2,315) (2,593)
Accumulated other comprehensive loss (41) (47)
Total stockholders' equity 2,730 2,557
Total liabilities and stockholders' equity $ 4,486 $ 4,184