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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 407 $ 360
Restricted cash, cash equivalents and investments 1,101 1,413
Accounts receivable, net 12 32
Payroll funds receivable 487 349
Prepaid expenses, net 50 64
Other payroll assets 660 916
Other current assets 45 46
Total current assets 2,762 3,180
Restricted cash, cash equivalents and investments, noncurrent 124 145
Property and equipment, net 10 10
Operating lease right-of-use asset 39 24
Goodwill 461 461
Software and other intangible assets, net 148 156
Other assets 144 143
Total assets 3,688 4,119
Current liabilities:    
Accounts payable and other current liabilities 85 89
Revolving credit agreement borrowings 90 75
Client deposits and other client liabilities 41 76
Accrued wages 562 580
Accrued health insurance costs, net 191 189
Accrued workers' compensation costs, net 46 44
Payroll tax liabilities and other payroll withholdings 1,484 1,906
Operating lease liabilities 3 13
Insurance premiums and other payables 6 9
Total current liabilities 2,508 2,981
Long-term debt, noncurrent 894 908
Accrued workers' compensation costs, noncurrent, net 109 110
Deferred taxes 10 11
Operating lease liabilities, noncurrent 48 26
Other non-current liabilities 12 14
Total liabilities 3,581 4,050
Commitments and contingencies (see Note 5)
Stockholders' equity:    
Preferred stock 0 0
Common stock and additional paid-in capital 1,095 1,056
Accumulated deficit (988) (984)
Accumulated other comprehensive loss 0 (3)
Total stockholders' equity 107 69
Total liabilities & stockholders' equity $ 3,688 $ 4,119