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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,164 $ 974
Accounts receivable, net 442 548
Inventories 40 34
Other current assets 58 65
Total current assets 1,704 1,621
Property and equipment, net 142 138
Capitalized software, net 167 187
Goodwill 392 390
Acquired intangible assets, net 10 11
Deferred income taxes 50 49
Other assets 18 17
Total assets 2,483 2,413
Current liabilities    
Current portion of long-term debt 38 30
Accounts payable 89 103
Payroll and benefits liabilities 109 139
Deferred revenue 514 369
Other current liabilities 85 88
Total current liabilities 835 729
Long-term debt 523 538
Pension and other postemployment plan liabilities 101 96
Long-term deferred revenue 14 14
Deferred tax liabilities 25 33
Other liabilities 31 32
Total liabilities 1,529 1,442
Commitments and contingencies (Note 7)
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 129.6 and 130.6 shares issued at March 31, 2017 and December 31, 2016, respectively 1 1
Paid-in capital 1,243 1,220
Accumulated deficit (207) (161)
Accumulated other comprehensive loss (83) (89)
Total stockholders’ equity 954 971
Total liabilities and stockholders’ equity $ 2,483 $ 2,413