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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 235 $ 612
Investments 154 135
Restricted cash, cash equivalents and investments 1,216 1,195
Accounts receivable, net 10 15
Unbilled revenue, net 317 324
Prepaid expenses, net 55 67
Other current assets 106 91
Total current assets 2,093 2,439
Restricted cash, cash equivalents and investments, noncurrent 163 166
Investments, noncurrent 165 168
Property, equipment and software, net 82 79
Operating lease right-of-use asset 48 42
Goodwill 433 294
Other intangible assets, net 100 6
Other assets 120 115
Total assets 3,204 3,309
Current liabilities:    
Accounts payable and other current liabilities 118 86
Client deposits and other client liabilities 124 97
Accrued wages 561 369
Accrued health insurance costs, net 166 174
Accrued workers' compensation costs, net 48 55
Payroll tax liabilities and other payroll withholdings 739 929
Operating lease liabilities 15 11
Insurance premiums and other payables 17 18
Total current liabilities 1,788 1,739
Long-term debt, noncurrent 495 495
Accrued workers' compensation costs, noncurrent, net 143 135
Deferred taxes 26 11
Operating lease liabilities, noncurrent 48 41
Other non-current liabilities 9 7
Total liabilities 2,509 2,428
Commitments and contingencies (see Note 6)
Stockholders' equity:    
Preferred stock 0 0
Common stock and additional paid-in capital 837 808
Retained earnings (Accumulated deficit) (133) 74
Accumulated other comprehensive loss (9) (1)
Total stockholders' equity 695 881
Total liabilities & stockholders' equity $ 3,204 $ 3,309