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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income $ 173 $ 375 $ 355
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of intangible assets 75 72 64
Amortization of deferred costs 44 40 38
Amortization of ROU asset, lease modification, impairment, and abandonment 11 9 25
Stock based compensation 65 59 62
Accretion of discount rate on lease liabilities 2 2 2
Provision for doubtful accounts 2 3 2
Deferred income taxes (2) 5 (22)
Losses from disposition of assets 0 1 6
Losses and impairment on investments (1) 1 18
Impairment of finite-lived intangible assets 25 0 0
Changes in operating assets and liabilities:      
Accounts receivable, net (2) (3) 4
Prepaid expenses, net (18) 4 19
Other payroll assets 3 (3) 0
Accounts payable and other current liabilities (7) (10) (13)
Client deposits and other client liabilities (10) 23 0
Accrued wages (5) 7 14
Accrued health insurance costs, net (2) 7 0
Accrued workers' compensation costs, net (11) (8) (7)
Payroll taxes payable and other payroll withholdings (3) 8 2
Operating lease liabilities (15) (17) (17)
Other assets (52) (35) (54)
Other liabilities 7 (1) (1)
Net cash provided by operating activities 279 539 497
Investing activities      
Purchases of marketable securities (190) (276) (410)
Proceeds from sale and maturity of marketable securities 421 286 469
Acquisitions of property and equipment and projects in process (78) (75) (56)
Acquisitions of subsidiaries, net of cash acquired 0 0 (229)
Other Investments 0 (5) 0
Net cash provided by (used in) investing activities 153 (70) (226)
Financing activities      
Change in WSE and TriNet Trust related assets and liabilities, net 139 6 65
Repurchase of common stock (183) (1,122) (523)
Proceeds from issuance of common stock 12 15 11
Payment of long-term financing costs and debt issuance costs 0 (9) 0
Proceeds from issuance of 2031 Notes 0 400 0
Proceeds from revolving credit agreement borrowings 0 695 0
Repayment of borrowings under revolving credit agreement (110) (495) 0
Awards effectively repurchased for required employee withholding taxes (28) (30) (24)
Dividends paid (37) 0 0
Net cash used in financing activities (207) (540) (471)
Effect of exchange rate changes on cash and cash equivalents 0 0 (1)
Net increase (decrease) in cash and cash equivalents, unrestricted and restricted 225 (71) (201)
Cash and cash equivalents, unrestricted and restricted:      
Beginning of period 1,466 1,537 1,738
End of period 1,691 1,466 1,537
Supplemental disclosures of cash flow information      
Interest paid 59 25 18
Income taxes paid, net 76 114 128
Supplemental schedule of noncash investing and financing activities      
Dividends authorized 12 0 0
Payable for purchase of property and equipment 2 4 6
Acquisitions of subsidiaries paid in stock $ 0 $ 0 $ 17