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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 684 $ 529
Accounts receivable, net 299 331
Inventories 20 29
Other current assets 143 155
Total current assets 1,146 1,044
Property and equipment, net 325 339
Right of use assets - operating lease, net 27 38
Goodwill 399 401
Capitalized contract costs, net 97 98
Deferred income taxes 208 222
Other assets 43 51
Total assets 2,245 2,193
Current liabilities    
Current portion of long-term debt 62 44
Current portion of finance lease liability 87 75
Current portion of operating lease liability 13 15
Accounts payable 91 50
Payroll and benefits liabilities 119 170
Deferred revenue 544 499
Other current liabilities 82 99
Total current liabilities 998 952
Long-term debt 374 411
Finance lease liability 73 70
Operating lease liability 20 28
Pension and other postemployment plan liabilities 143 152
Long-term deferred revenue 41 38
Deferred tax liabilities 6 6
Other liabilities 119 136
Total liabilities 1,774 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 June 30, 2021 and December 31, 2020, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 108.9 and 108.8 shares issued at June 30, 2021 and December 31, 2020, respectively 1 1
Paid-in capital 1,743 1,656
Accumulated deficit (1,138) (1,114)
Accumulated other comprehensive loss (135) (143)
Total stockholders’ equity 471 400
Total liabilities and stockholders’ equity $ 2,245 $ 2,193