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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 348 $ 569
Accounts receivable, net 286 364
Inventories 8 8
Other current assets 96 87
Total current assets 738 1,028
Property and equipment, net 249 244
Right of use assets - operating lease, net 10 13
Goodwill 396 390
Capitalized contract costs, net 72 92
Deferred income taxes 200 213
Other assets 75 42
Total assets 1,740 2,022
Current liabilities    
Current portion of long-term debt 12 0
Current portion of finance lease liability 69 67
Current portion of operating lease liability 6 8
Accounts payable 106 94
Payroll and benefits liabilities 120 137
Deferred revenue 477 589
Other current liabilities 95 112
Total current liabilities 885 1,007
Long-term debt 486 498
Finance lease liability 70 54
Operating lease liability 7 10
Pension and other postemployment plan liabilities 91 101
Long-term deferred revenue 16 8
Deferred tax liabilities 6 7
Other liabilities 57 79
Total liabilities 1,618 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 September 30, 2023 and December 31, 2022, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 97.9 and 101.1 shares issued at September 30, 2023 and December 31, 2022, respectively 1 1
Paid-in capital 2,044 1,941
Accumulated deficit (1,797) (1,565)
Accumulated other comprehensive loss (126) (119)
Total stockholders’ equity 122 258
Total liabilities and stockholders’ equity $ 1,740 $ 2,022