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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 354 $ 612
Investments 76 135
Restricted cash, cash equivalents and investments 1,263 1,195
Accounts receivable, net 19 15
Unbilled revenue, net 375 324
Prepaid expenses, net 71 67
Other payroll assets 122 50
Other current assets 46 41
Total current assets 2,326 2,439
Restricted cash, cash equivalents and investments, noncurrent 153 166
Investments, noncurrent 151 168
Property and equipment, net 24 24
Operating lease right-of-use asset 31 42
Goodwill 462 294
Software and other intangible assets, net 163 61
Other assets 133 115
Total assets 3,443 3,309
Current liabilities:    
Accounts payable and other current liabilities 98 86
Client deposits and other client liabilities 106 97
Accrued wages 437 369
Accrued health insurance costs, net 174 174
Accrued workers' compensation costs, net 54 55
Payroll tax liabilities and other payroll withholdings 1,087 929
Operating lease liabilities 15 11
Insurance premiums and other payables 17 18
Total current liabilities 1,988 1,739
Long-term debt, noncurrent 496 495
Accrued workers' compensation costs, noncurrent, net 128 135
Deferred taxes 8 11
Operating lease liabilities, noncurrent 41 41
Other non-current liabilities 7 7
Total liabilities 2,668 2,428
Commitments and contingencies (see Note 9)
Stockholders' equity:    
Preferred stock 0 0
Common stock and additional paid-in capital 899 808
Retained earnings (Accumulated deficit) (119) 74
Accumulated other comprehensive loss (5) (1)
Total stockholders' equity 775 881
Total liabilities & stockholders' equity $ 3,443 $ 3,309