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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 420 $ 486
Accounts receivable, net 234 286
Inventories 18 13
Other current assets 77 84
Total current assets 749 869
Property and equipment, net 185 239
Right of use assets - operating lease, net 8 9
Goodwill 394 398
Capitalized contract costs, net 46 68
Deferred income taxes 226 221
Other assets 96 69
Total assets 1,704 1,873
Current liabilities    
Current portion of long-term debt 25 19
Current portion of finance lease liability 57 66
Current portion of operating lease liability 4 6
Accounts payable 106 100
Payroll and benefits liabilities 111 130
Deferred revenue 512 570
Other current liabilities 115 105
Total current liabilities 930 996
Long-term debt 455 480
Finance lease liability 30 63
Operating lease liability 5 6
Pension and other postemployment plan liabilities 104 102
Long-term deferred revenue 10 22
Deferred tax liabilities 9 8
Other liabilities 28 61
Total liabilities 1,571 1,738
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, 2024 and 2023, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 95.1 and 97.9 shares issued and outstanding at December 31, 2024 and 2023, respectively 1 1
Paid-in capital 2,192 2,074
Accumulated deficit (1,913) (1,811)
Accumulated other comprehensive loss (147) (129)
Total stockholders’ equity 133 135
Total liabilities and stockholders’ equity $ 1,704 $ 1,873