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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 506 $ 592
Accounts receivable, net 253 336
Inventories 13 26
Other current assets 83 152
Total current assets 855 1,106
Property and equipment, net 234 288
Right of use assets - operating lease, net 15 26
Goodwill 385 396
Capitalized contract costs, net 88 111
Deferred income taxes 192 202
Other assets 49 40
Total assets 1,818 2,169
Current liabilities    
Current portion of long-term debt 0 88
Current portion of finance lease liability 66 77
Current portion of operating lease liability 8 12
Accounts payable 79 67
Payroll and benefits liabilities 110 148
Deferred revenue 462 552
Other current liabilities 78 89
Total current liabilities 803 1,033
Long-term debt 498 324
Finance lease liability 45 53
Operating lease liability 11 18
Pension and other postemployment plan liabilities 127 138
Long-term deferred revenue 14 27
Deferred tax liabilities 6 7
Other liabilities 79 109
Total liabilities 1,583 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 September 30, 2022 and December 31, 2021, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 102.2 and 107.2 shares issued at September 30, 2022 and December 31, 2021, respectively 1 1
Paid-in capital 1,908 1,808
Accumulated deficit (1,519) (1,211)
Accumulated other comprehensive loss (155) (138)
Total stockholders’ equity 235 460
Total liabilities and stockholders’ equity $ 1,818 $ 2,169