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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 538 $ 529
Accounts receivable, net 367 331
Inventories 16 29
Other current assets 154 155
Total current assets 1,075 1,044
Property and equipment, net 344 339
Right of use assets - operating lease, net 34 38
Goodwill 399 401
Capitalized contract costs, net 99 98
Deferred income taxes 209 222
Other assets 43 51
Total assets 2,203 2,193
Current liabilities    
Current portion of long-term debt 50 44
Current portion of finance lease liability 92 75
Current portion of operating lease liability 14 15
Accounts payable 55 50
Payroll and benefits liabilities 106 170
Deferred revenue 557 499
Other current liabilities 81 99
Total current liabilities 955 952
Long-term debt 399 411
Finance lease liability 84 70
Operating lease liability 26 28
Pension and other postemployment plan liabilities 143 152
Long-term deferred revenue 43 38
Deferred tax liabilities 7 6
Other liabilities 129 136
Total liabilities 1,786 1,793
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, 2021 and December 31, 2020, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 109.4 and 108.8 shares issued at March 31, 2021 and December 31, 2020, respectively 1 1
Paid-in capital 1,708 1,656
Accumulated deficit (1,146) (1,114)
Accumulated other comprehensive loss (146) (143)
Total stockholders’ equity 417 400
Total liabilities and stockholders’ equity $ 2,203 $ 2,193