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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 533 $ 494
Accounts receivable, net 321 398
Inventories 14 31
Other current assets 97 91
Total current assets 965 1,014
Property and equipment, net 336 350
Capitalized software, net 19 36
Right of use assets - operating lease, net 42 51
Goodwill 397 396
Capitalized contract costs, net 89 91
Deferred income taxes 238 87
Other assets 31 32
Total assets 2,117 2,057
Current liabilities    
Current portion of long-term debt 38 25
Current portion of finance lease liability 75 55
Current portion of operating lease liability 17 20
Accounts payable 59 66
Payroll and benefits liabilities 131 157
Deferred revenue 482 472
Other current liabilities 93 91
Total current liabilities 895 886
Long-term debt 423 454
Finance lease liability 70 75
Operating lease liability 30 38
Pension and other postemployment plan liabilities 136 137
Long-term deferred revenue 38 61
Deferred tax liabilities 6 6
Other liabilities 135 138
Total liabilities 1,733 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 September 30, 2020 and December 31, 2019, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 109.2 and 110.9 shares issued at September 30, 2020 and December 31, 2019, respectively 1 1
Paid-in capital 1,632 1,545
Accumulated deficit (1,094) (1,143)
Accumulated other comprehensive loss (155) (141)
Total stockholders’ equity 384 262
Total liabilities and stockholders’ equity $ 2,117 $ 2,057