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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 545 $ 592
Accounts receivable, net 266 336
Inventories 17 26
Other current assets 93 152
Total current assets 921 1,106
Property and equipment, net 249 288
Right of use assets - operating lease, net 17 26
Goodwill 390 396
Capitalized contract costs, net 95 111
Deferred income taxes 194 202
Other assets 29 40
Total assets 1,895 2,169
Current liabilities    
Current portion of long-term debt 0 88
Current portion of finance lease liability 70 77
Current portion of operating lease liability 8 12
Accounts payable 83 67
Payroll and benefits liabilities 108 148
Deferred revenue 530 552
Other current liabilities 79 89
Total current liabilities 878 1,033
Long-term debt 497 324
Finance lease liability 48 53
Operating lease liability 13 18
Pension and other postemployment plan liabilities 129 138
Long-term deferred revenue 11 27
Deferred tax liabilities 7 7
Other liabilities 90 109
Total liabilities 1,673 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 June 30, 2022 and December 31, 2021, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 102.8 and 107.2 shares issued at June 30, 2022 and December 31, 2021, respectively 1 1
Paid-in capital 1,874 1,808
Accumulated deficit (1,496) (1,211)
Accumulated other comprehensive loss (157) (138)
Total stockholders’ equity 222 460
Total liabilities and stockholders’ equity $ 1,895 $ 2,169