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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 635 $ 715
Accounts receivable, net 377 588
Inventories 35 28
Other current assets 82 97
Total current assets 1,129 1,428
Property and equipment, net 317 295
Capitalized software, net 49 72
Right of use assets - operating lease, net 58 0
Goodwill 396 395
Acquired intangible assets, net 12 16
Deferred income taxes 70 67
Other assets 92 87
Total assets 2,123 2,360
Current liabilities    
Current portion of long-term debt 25 19
Current portion of finance lease liability 32 17
Current portion of operating lease liability 20 0
Accounts payable 102 141
Payroll and benefits liabilities 114 224
Deferred revenue 498 490
Other current liabilities 74 118
Total current liabilities 865 1,009
Long-term debt 466 478
Finance lease liability 54 30
Operating lease liability 44 0
Pension and other postemployment plan liabilities 102 113
Long-term deferred revenue 82 105
Deferred tax liabilities 4 3
Other liabilities 139 127
Total liabilities 1,756 1,865
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 114.1 and 116.8 shares issued at June 30, 2019 and December 31, 2018, respectively 1 1
Paid-in capital 1,491 1,418
Accumulated deficit (1,009) (823)
Accumulated other comprehensive loss (116) (101)
Total stockholders’ equity 367 495
Total liabilities and stockholders’ equity $ 2,123 $ 2,360