DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Assets and Liabilities in our Consolidated Balance Sheet

The following table presents the assets and liabilities of TriNet Trust which are included in our consolidated balance sheet. These amounts on any particular date can vary due to timing of cash receipts and remittances.


	June 30, 2025
(in millions)	TriNet Trust
ASSETS
Current assets:
Cash and cash equivalents	$	2

Restricted cash, cash equivalents and investments	78





Total current assets	80
Total assets	$	80
LIABILITIES
Current liabilities:
Accounts payable and other current liabilities	$	1



Accrued wages	16


Payroll tax liabilities and other payroll withholdings	63


Total current liabilities	80
Total liabilities	$	80

Schedule of Worksite Employee Changes

In particular, changes in WSE related assets and liabilities were previously reported within operating activities and are now reclassified into financing activities to better reflect operating activities excluding the impact of client cash flows.


	Six Months Ended June 30, 2024
(in millions)	As previously reported	Reclassified amounts	As revised
Operating activities
Changes in operating assets and liabilities:
Accounts receivable, net	3	(7)	(4)
Payroll funds receivable	(38)	38	—
Prepaid expenses, net	(9)	(9)	(18)
Other assets	(33)	(2)	(35)
Other payroll assets	(419)	421	2
Accounts payable and other liabilities	(11)	3	(8)
Client deposits and other client liabilities	5	(14)	(9)
Accrued wages	43	(63)	(20)
Accrued health insurance costs, net	7	(8)	(1)
Accrued workers' compensation costs, net	(21)	7	(14)
Payroll taxes payable and other payroll withholdings	(17)	9	(8)


Net cash used in operating activities	(490)	375	(115)
Investing activities
Purchases of marketable securities	(139)	2	(137)
Net cash used in investing activities	(139)	2	(137)
Financing activities
Change in WSE and TriNet Trust related assets and liabilities, net	—	(377)	(377)
Net cash used in financing activities	—	(377)	(377)

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details