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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 569 $ 592
Accounts receivable, net 364 336
Inventories 8 26
Other current assets 87 152
Total current assets 1,028 1,106
Property and equipment, net 244 288
Right of use assets - operating lease, net 13 26
Goodwill 390 396
Capitalized contract costs, net 92 111
Deferred income taxes 213 202
Other assets 42 40
Total assets 2,022 2,169
Current liabilities    
Current portion of long-term debt 0 88
Current portion of finance lease liability 67 77
Current portion of operating lease liability 8 12
Accounts payable 94 67
Payroll and benefits liabilities 137 148
Deferred revenue 589 552
Other current liabilities 112 89
Total current liabilities 1,007 1,033
Long-term debt 498 324
Finance lease liability 54 53
Operating lease liability 10 18
Pension and other postemployment plan liabilities 101 138
Long-term deferred revenue 8 27
Deferred tax liabilities 7 7
Other liabilities 79 109
Total liabilities 1,764 1,709
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding at December 31, 2022 and 2021, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 101.1 and 107.2 shares issued and outstanding at December 31, 2022 and 2021, respectively 1 1
Paid-in capital 1,941 1,808
Accumulated deficit (1,565) (1,211)
Accumulated other comprehensive loss (119) (138)
Total stockholders’ equity 258 460
Total liabilities and stockholders’ equity $ 2,022 $ 2,169