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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents ($642 and $706 related to VIEs) $ 2,137 $ 2,439
Marketable securities ($132 and $130 related to VIEs) 174 185
Accounts receivable, net ($149 and $196 related to VIEs) 1,088 1,109
Contract assets 1,063 915
Other current assets ($25 and $30 related to VIEs) 375 396
Total current assets 4,837 5,044
Noncurrent assets    
PP&E, net ($44 and $45 related to VIEs) 434 447
Investments 612 584
Deferred taxes 34 34
Deferred compensation trusts 226 234
Goodwill 206 206
Other assets ($77 and $54 related to VIEs) 281 278
Total noncurrent assets 1,793 1,783
Total assets 6,630 6,827
Current liabilities    
Accounts payable ($240 and $253 related to VIEs) 1,068 1,017
Short-term debt and current portion of long-term debt 16 152
Contract liabilities ($380 and $352 related to VIEs) 765 742
Accrued salaries, wages and benefits ($22 and $24 related to VIEs) 574 626
Other accrued liabilities ($46 related to VIEs in both periods) 743 679
Total current liabilities 3,166 3,216
Long-term debt 978 978
Deferred taxes 84 73
Other noncurrent liabilities ($43 and $54 related to VIEs) 495 564
Commitments and contingencies
Shareholders’ equity    
Preferred stock — authorized 20,000,000 shares ($0.01 par value); issued and outstanding —600,000 shares in 2023 and 2022 0 0
Common stock — authorized 375,000,000 shares ($0.01 par value); issued and outstanding — 143,237,347 and 142,322,247 shares in 2023 and 2022, respectively 1 1
APIC 1,257 1,254
AOCI (319) (365)
Retained earnings 780 896
Total shareholders’ equity 1,719 1,786
NCI 188 210
Total equity 1,907 1,996
Total liabilities and equity $ 6,630 $ 6,827