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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 349 $ 360
Restricted cash, cash equivalents and investments 1,024 1,413
Accounts receivable, net 21 32
Payroll funds receivable 478 349
Prepaid expenses, net 60 64
Other payroll assets 881 916
Other current assets 44 46
Total current assets 2,857 3,180
Restricted cash, cash equivalents and investments, noncurrent 134 145
Property and equipment, net 9 10
Operating lease right-of-use asset 22 24
Goodwill 461 461
Software and other intangible assets, net 146 156
Other assets 146 143
Total assets 3,775 4,119
Current liabilities:    
Accounts payable and other current liabilities 82 89
Revolving credit agreement borrowings 74 75
Client deposits and other client liabilities 49 76
Accrued wages 544 580
Accrued health insurance costs, net 189 189
Accrued workers' compensation costs, net 45 44
Payroll tax liabilities and other payroll withholdings 1,645 1,906
Operating lease liabilities 12 13
Insurance premiums and other payables 6 9
Total current liabilities 2,646 2,981
Long-term debt, noncurrent 909 908
Accrued workers' compensation costs, noncurrent, net 111 110
Deferred taxes 10 11
Operating lease liabilities, noncurrent 24 26
Other non-current liabilities 12 14
Total liabilities 3,712 4,050
Commitments and contingencies
Stockholders' equity:    
Preferred stock 0 0
Common stock and additional paid-in capital 1,070 1,056
Accumulated deficit (1,006) (984)
Accumulated other comprehensive loss (1) (3)
Total stockholders' equity 63 69
Total liabilities & stockholders' equity $ 3,775 $ 4,119