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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 563 $ 213
Investments 61 68
Restricted cash, cash equivalents and investments 832 1,180
Accounts receivable, net 6 9
Unbilled revenue, net 375 285
Prepaid expenses, net 53 52
Other current assets 89 64
Total current assets 1,979 1,871
Restricted cash, cash equivalents and investments, noncurrent 205 212
Investments, noncurrent 141 125
Property, equipment and software, net 80 85
Operating lease right-of-use asset 42 55
Goodwill 294 289
Other intangible assets, net 19 15
Other assets 107 96
Total assets 2,867 2,748
Current liabilities:    
Accounts payable and other current liabilities 42 31
Revolving credit agreement borrowings 234 0
Long-term debt 22 22
Client deposits and other client liabilities 209 44
Accrued wages 455 391
Accrued health insurance costs, net 160 167
Accrued workers' compensation costs, net 60 61
Payroll tax liabilities and other payroll withholdings 434 901
Operating lease liabilities 11 17
Insurance premiums and other payables 10 9
Total current liabilities 1,637 1,643
Long-term debt, noncurrent 353 369
Accrued workers' compensation costs, noncurrent, net 142 144
Deferred taxes 64 61
Operating lease liabilities, noncurrent 41 48
Other non-current liabilities 10 8
Total liabilities 2,247 2,273
Commitments and contingencies (see Note 7)
Stockholders’ equity:    
Preferred stock 0 0
Common stock and additional paid-in capital 730 694
Accumulated deficit (115) (219)
Accumulated other comprehensive income 5 0
Total stockholders' equity 620 475
Total liabilities & stockholders' equity $ 2,867 $ 2,748