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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)
3 Months Ended
Mar. 31, 2022
REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS  
Schedule of revision to financial statements

At December 31, 2021

Consolidated Balance Sheet ($ in millions)

 

As Previously Reported

    

Adjustments

    

As Revised

Accrued contract costs

$

585

$

(87)

$

498

Total current liabilities

4,544

(87)

4,457

Other liabilities

501

22

522

Total liabilities

10,511

(65)

10,446

Common stock, par value $0.01 per share, and additional paid-in capital (1,000.0 shares authorized, 224.2 shares issued)

4,218

66

4,284

Accumulated other comprehensive income/(loss)

(1,143)

(1)

(1,143)

Total stockholders’ equity before non-controlling interests

2,700

65

2,765

Total equity

2,702

65

2,767

At March 31, 2021

Consolidated Statement of Equity ($ in millions)

 

As Previously Reported

    

Adjustments

    

As Revised

Net parent investment

$

5,976

$

51

$

6,027

Accumulated other comprehensive income (loss)

(1,186)

4

(1,182)

Total equity

4,848

54

4,902

At January 1, 2021

Consolidated Statement of Equity ($ in millions)

 

As Previously Reported

    

Adjustments

    

As Revised

Net parent investment

$

5,972

$

51

$

6,023

Accumulated other comprehensive income (loss)

(1,100)

4

(1,096)

Total equity

4,931

54

4,985