Cash and Cash Equivalents (Tables)

9 Months Ended

Sep. 29, 2023

Cash and Cash Equivalents [Abstract]

Schedule of Cash and Cash Equivalents

The components of our cash and cash equivalents balance are as follows:

	September 29, 2023
Dollars in millions	International (a)		Domestic (b)		Total
Operating cash and cash equivalents	$	137	$	85	$	222
Short-term investments (c)	6		6		12
Cash and cash equivalents held in consolidated joint ventures and Aspire Defence subcontracting entities (d)	87		27		114
Total	$	230	$	118	$	348

	December 31, 2022
Dollars in millions	International (a)		Domestic (b)		Total
Operating cash and cash equivalents	$	251	$	25	$	276
Short-term investments (c)	4		2		6
Cash and cash equivalents held in consolidated joint ventures and Aspire Defence subcontracting entities (d)	99		8		107
Total	$	354	$	35	$	389

(a)Includes deposits held by non-U.S. entities with operating accounts that constitute offshore cash for tax purposes.

(b)Includes U.S. dollar and foreign currency deposits held in U.S. entities with operating accounts that constitute onshore cash for tax purposes but may reside either in the U.S. or in a foreign country.

(c)Includes time deposits, money market funds and other highly liquid short-term investments.

(d)Includes short-term investments held by Aspire Defence subcontracting entities for $64 million and $46 million as of September 29, 2023 and December 31, 2022, respectively.