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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 613 $ 529
Accounts receivable, net 290 331
Inventories 17 29
Other current assets 144 155
Total current assets 1,064 1,044
Property and equipment, net 300 339
Right of use assets - operating lease, net 29 38
Goodwill 397 401
Capitalized contract costs, net 99 98
Deferred income taxes 205 222
Other assets 40 51
Total assets 2,134 2,193
Current liabilities    
Current portion of long-term debt 75 44
Current portion of finance lease liability 81 75
Current portion of operating lease liability 13 15
Accounts payable 104 50
Payroll and benefits liabilities 137 170
Deferred revenue 464 499
Other current liabilities 81 99
Total current liabilities 955 952
Long-term debt 349 411
Finance lease liability 58 70
Operating lease liability 20 28
Pension and other postemployment plan liabilities 141 152
Long-term deferred revenue 28 38
Deferred tax liabilities 8 6
Other liabilities 118 136
Total liabilities 1,677 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 September 30, 2021 and December 31, 2020, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 108.4 and 108.8 shares issued at September 30, 2021 and December 31, 2020, respectively 1 1
Paid-in capital 1,776 1,656
Accumulated deficit (1,179) (1,114)
Accumulated other comprehensive loss (141) (143)
Total stockholders’ equity 457 400
Total liabilities and stockholders’ equity $ 2,134 $ 2,193