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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 494 $ 494
Accounts receivable, net 339 398
Inventories 26 31
Other current assets 89 91
Total current assets 948 1,014
Property and equipment, net 337 350
Capitalized software, net 25 36
Right of use assets - operating lease, net 46 51
Goodwill 395 396
Capitalized contract costs, net 88 91
Deferred income taxes 236 87
Other assets 27 32
Total assets 2,102 2,057
Current liabilities    
Current portion of long-term debt 31 25
Current portion of finance lease liability 69 55
Current portion of operating lease liability 18 20
Accounts payable 62 66
Payroll and benefits liabilities 119 157
Deferred revenue 518 472
Other current liabilities 76 91
Total current liabilities 893 886
Long-term debt 436 454
Finance lease liability 75 75
Operating lease liability 33 38
Pension and other postemployment plan liabilities 135 137
Long-term deferred revenue 41 61
Deferred tax liabilities 6 6
Other liabilities 137 138
Total liabilities 1,756 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 June 30, 2020 and December 31, 2019, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 108.9 and 110.9 shares issued at June 30, 2020 and December 31, 2019, respectively 1 1
Paid-in capital 1,603 1,545
Accumulated deficit (1,093) (1,143)
Accumulated other comprehensive loss (165) (141)
Total stockholders’ equity 346 262
Total liabilities and stockholders’ equity $ 2,102 $ 2,057