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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 464 $ 301
Investments 131 57
Restricted cash, cash equivalents and investments 958 1,388
Accounts receivable, net 8 18
Unbilled revenue, net 346 246
Prepaid expenses, net 68 63
Other current assets 109 87
Total current assets 2,084 2,160
Restricted cash, cash equivalents and investments, noncurrent 179 210
Investments, noncurrent 194 138
Property, equipment and software, net 76 79
Operating lease right-of-use asset 48 51
Goodwill 294 294
Other intangible assets, net 9 18
Other assets 94 93
Total assets 2,978 3,043
Current liabilities:    
Accounts payable and other current liabilities 81 50
Long-term debt 0 22
Client deposits and other client liabilities 132 134
Accrued wages 506 309
Accrued health insurance costs, net 155 172
Accrued workers' compensation costs, net 57 59
Payroll tax liabilities and other payroll withholdings 572 1,095
Operating lease liabilities 12 11
Insurance premiums and other payables 15 18
Total current liabilities 1,530 1,870
Long-term debt, noncurrent 495 348
Accrued workers' compensation costs, noncurrent, net 133 138
Deferred taxes 21 22
Operating lease liabilities, noncurrent 46 49
Other non-current liabilities 9 9
Total liabilities 2,234 2,436
Commitments and contingencies (see Note 7)
Stockholders' equity:    
Preferred stock 0 0
Common stock and additional paid-in capital 776 747
Accumulated deficit (35) (144)
Accumulated other comprehensive income 3 4
Total stockholders' equity 744 607
Total liabilities & stockholders' equity $ 2,978 $ 3,043