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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 404 $ 592
Accounts receivable, net 330 336
Inventories 16 26
Other current assets 113 152
Total current assets 863 1,106
Property and equipment, net 274 288
Right of use assets - operating lease, net 22 26
Goodwill 395 396
Capitalized contract costs, net 109 111
Deferred income taxes 200 202
Other assets 32 40
Total assets 1,895 2,169
Current liabilities    
Current portion of long-term debt 75 88
Current portion of finance lease liability 76 77
Current portion of operating lease liability 11 12
Accounts payable 78 67
Payroll and benefits liabilities 91 148
Deferred revenue 580 552
Other current liabilities 82 89
Total current liabilities 993 1,033
Long-term debt 324 324
Finance lease liability 56 53
Operating lease liability 15 18
Pension and other postemployment plan liabilities 133 138
Long-term deferred revenue 19 27
Deferred tax liabilities 16 7
Other liabilities 102 109
Total liabilities 1,658 1,709
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, 2022 and December 31, 2021, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 104.7 and 107.2 shares issued at March 31, 2022 and December 31, 2021, respectively 1 1
Paid-in capital 1,792 1,808
Accumulated deficit (1,425) (1,211)
Accumulated other comprehensive loss (131) (138)
Total stockholders’ equity 237 460
Total liabilities and stockholders’ equity $ 1,895 $ 2,169