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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 551 $ 569
Accounts receivable, net 341 364
Inventories 7 8
Other current assets 107 87
Total current assets 1,006 1,028
Property and equipment, net 252 244
Right of use assets - operating lease, net 11 13
Goodwill 391 390
Capitalized contract costs, net 84 92
Deferred income taxes 204 213
Other assets 38 42
Total assets 1,986 2,022
Current liabilities    
Current portion of long-term debt 0 0
Current portion of finance lease liability 70 67
Current portion of operating lease liability 8 8
Accounts payable 92 94
Payroll and benefits liabilities 95 137
Deferred revenue 634 589
Other current liabilities 100 112
Total current liabilities 999 1,007
Long-term debt 498 498
Finance lease liability 62 54
Operating lease liability 8 10
Pension and other postemployment plan liabilities 96 101
Long-term deferred revenue 4 8
Deferred tax liabilities 7 7
Other liabilities 82 79
Total liabilities 1,756 1,764
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, 2023 and December 31, 2022, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 101.8 and 101.1 shares issued at March 31, 2023 and December 31, 2022, respectively 1 1
Paid-in capital 1,962 1,941
Accumulated deficit (1,613) (1,565)
Accumulated other comprehensive loss (120) (119)
Total stockholders’ equity 230 258
Total liabilities and stockholders’ equity $ 1,986 $ 2,022