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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,085 $ 974
Accounts receivable, net 356 548
Inventories 42 34
Other current assets 65 65
Total current assets 1,548 1,621
Property and equipment, net 143 138
Capitalized software, net 150 187
Goodwill 401 390
Acquired intangible assets, net 21 11
Deferred income taxes 51 49
Other assets 24 17
Total assets 2,338 2,413
Current liabilities    
Current portion of long-term debt 45 30
Accounts payable 97 103
Payroll and benefits liabilities 129 139
Deferred revenue 431 369
Other current liabilities 90 88
Total current liabilities 792 729
Long-term debt 508 538
Pension and other postemployment plan liabilities 107 96
Long-term deferred revenue 10 14
Deferred tax liabilities 14 33
Other liabilities 35 32
Total liabilities 1,466 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 June 30, 2017 and December 31, 2016, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 126.3 and 130.6 shares issued at June 30, 2017 and December 31, 2016, respectively 1 1
Paid-in capital 1,266 1,220
Accumulated deficit (318) (161)
Accumulated other comprehensive loss (77) (89)
Total stockholders’ equity 872 971
Total liabilities and stockholders’ equity $ 2,338 $ 2,413