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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 394 $ 494
Accounts receivable, net 448 398
Inventories 28 31
Other current assets 104 91
Total current assets 974 1,014
Property and equipment, net 334 350
Capitalized software, net 30 36
Right of use assets - operating lease, net 49 51
Goodwill 394 396
Capitalized contract costs, net 87 91
Deferred income taxes 253 87
Other assets 30 32
Total assets 2,151 2,057
Current liabilities    
Current portion of long-term debt 25 25
Current portion of finance lease liability 60 55
Current portion of operating lease liability 17 20
Accounts payable 96 66
Payroll and benefits liabilities 86 157
Deferred revenue 555 472
Other current liabilities 67 91
Total current liabilities 906 886
Long-term debt 448 454
Finance lease liability 75 75
Operating lease liability 37 38
Pension and other postemployment plan liabilities 133 137
Long-term deferred revenue 44 61
Deferred tax liabilities 6 6
Other liabilities 153 138
Total liabilities 1,802 1,795
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 108.3 and 110.9 shares issued at March 31, 2020 and December 31, 2019, respectively 1 1
Paid-in capital 1,567 1,545
Accumulated deficit (1,050) (1,143)
Accumulated other comprehensive loss (169) (141)
Total stockholders’ equity 349 262
Total liabilities and stockholders’ equity $ 2,151 $ 2,057