|
CONDENSED COMBINED BALANCE SHEETS (UNAUDITED) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2014
|
Dec. 31, 2013
|
|---|---|---|
| Current assets | ||
| Cash | $ 42 | $ 10 |
| Receivables | 188 | 228 |
| Other current assets | 18 | 17 |
| Total current assets | 248 | 255 |
| Plant, property and equipment, net | 9 | 9 |
| Goodwill | 222 | 222 |
| Other non-current assets | 6 | 3 |
| Total non-current assets | 237 | 234 |
| Total Assets | 485 | 489 |
| Current liabilities | ||
| Accounts payable | 99 | 111 |
| Billings in excess of costs | 9 | 12 |
| Compensation and other employee benefits | 39 | 50 |
| Deferred tax liability | 22 | 24 |
| Short-term debt | 11 | 0 |
| Other accrued liabilities | 14 | 11 |
| Total current liabilities | 194 | 208 |
| Long-term debt | 129 | 0 |
| Deferred tax liability | 76 | 75 |
| Other non-current liabilities | 18 | 15 |
| Total non-current liabilities | 223 | 90 |
| Total liabilities | 417 | 298 |
| Commitments and contingencies (Note 11) | ||
| Parent company equity | ||
| Parent company equity | 69 | 192 |
| Accumulated other comprehensive loss | (1) | (1) |
| Total parent company equity | 68 | 191 |
| Total Liabilities and Parent Company Equity | $ 485 | $ 489 |