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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,025 $ 974
Accounts receivable, net 366 548
Inventories 45 34
Other current assets 72 65
Total current assets 1,508 1,621
Property and equipment, net 159 138
Capitalized software, net 136 187
Goodwill 398 390
Acquired intangible assets, net 23 11
Deferred income taxes 53 49
Other assets 30 17
Total assets 2,307 2,413
Current liabilities    
Current portion of long-term debt 53 30
Short-term borrowings 180 0
Accounts payable 106 103
Payroll and benefits liabilities 139 139
Deferred revenue 364 369
Other current liabilities 94 88
Total current liabilities 936 729
Long-term debt 493 538
Pension and other postemployment plan liabilities 107 96
Long-term deferred revenue 17 14
Deferred tax liabilities 12 33
Other liabilities 23 32
Total liabilities 1,588 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 September 30, 2017 and December 31, 2016, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 120.6 and 130.6 shares issued at September 30, 2017 and December 31, 2016, respectively 1 1
Paid-in capital 1,292 1,220
Accumulated deficit (505) (161)
Accumulated other comprehensive loss (69) (89)
Total stockholders’ equity 719 971
Total liabilities and stockholders’ equity $ 2,307 $ 2,413