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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents ($526 and $491 related to VIEs) $ 2,629 $ 2,519
Marketable securities 79 69
Accounts receivable, net ($129 and $135 related to VIEs) 1,021 1,137
Contract assets ($194 and $171 related to VIEs) 976 991
Other current assets ($47 and $50 related to VIEs) 312 347
Total current assets 5,017 5,063
Noncurrent assets    
Property, plant and equipment, net ($49 and $41 related to VIEs) 467 458
Investments 614 614
Deferred taxes 31 51
Deferred compensation trusts 214 241
Goodwill 206 206
Other assets ($81 and $127 related to VIEs) 262 340
Total noncurrent assets 1,794 1,910
Total assets 6,811 6,973
Current liabilities    
Accounts payable ($296 and $285 related to VIEs) 1,112 1,214
Contract liabilities ($331 and $276 related to VIEs) 696 639
Accrued salaries, wages and benefits ($23 and $25 related to VIEs) 573 653
Other accrued liabilities ($73 and $73 related to VIEs) 456 657
Total current liabilities 2,837 3,163
Long-term debt 1,136 1,158
Deferred taxes 99 70
Other noncurrent liabilities ($21 and $20 related to VIEs) 496 530
Commitments and contingencies
Shareholders’ equity    
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 171,281,080 and 170,405,512 shares in 2024 and 2023, respectively 2 2
APIC 1,262 1,228
AOCI (329) (269)
Retained earnings 1,207 979
Total shareholders’ equity 2,142 1,940
NCI 101 112
Total equity 2,243 2,052
Total liabilities and equity $ 6,811 $ 6,973