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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents ($563 and $706 related to VIEs) $ 2,421 $ 2,439
Marketable securities ($10 and $130 related to VIEs) 64 185
Accounts receivable, net ($170 and $196 related to VIEs) 1,174 1,109
Contract assets ($165 and $186 related to VIEs) 1,063 915
Other current assets ($32 and $30 related to VIEs) 338 396
Total current assets 5,060 5,044
Noncurrent assets    
Marketable securities, noncurrent 114 0
Property, plant and equipment, net ($40 and $45 related to VIEs) 443 447
Investments 751 584
Deferred taxes 50 34
Deferred compensation trusts 225 234
Goodwill 206 206
Other assets ($112 and $54 related to VIEs) 314 278
Total noncurrent assets 2,103 1,783
Total assets 7,163 6,827
Current liabilities    
Accounts payable ($275 and $253 related to VIEs) 1,197 1,017
Short-term debt and current portion of long-term debt 18 152
Contract liabilities ($318 and $352 related to VIEs) 661 742
Accrued salaries, wages and benefits ($21 and $24 related to VIEs) 611 626
Other accrued liabilities ($52 and $46 related to VIEs) 653 679
Total current liabilities 3,140 3,216
Long-term debt 1,425 978
Deferred taxes 73 73
Other noncurrent liabilities ($34 and $54 related to VIEs) 503 564
Commitments and contingencies
Shareholders’ equity    
Preferred stock — authorized 20,000,000 shares ($0.01 par value); issued and outstanding — 600,000 shares in 2022 0 0
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 170,373,444 and 142,322,247 shares in 2023 and 2022, respectively 2 1
APIC 1,212 1,254
AOCI (331) (365)
Retained earnings 1,000 896
Total shareholders’ equity 1,883 1,786
NCI 139 210
Total equity 2,022 1,996
Total liabilities and equity $ 7,163 $ 6,827