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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 422 $ 1,039
Restricted cash 79 69
Marketable securities 18 16
Accounts receivable, net 894 829
Prepaid insurance and related assets 17 25
Income taxes receivable 35 0
Funds held for clients and other current assets 89 107
Total current assets 1,554 2,085
Property and equipment, net of accumulated depreciation 180 192
Right-of-use (“ROU”) leased assets 65 65
Prepaid health insurance 9 9
Deposits – health insurance 8 8
Deposits workers compensation 147 178
Goodwill and other intangible assets, net 13 13
Deferred income taxes, net 3 34
Other assets 33 13
Total assets 2,012 2,597
Current liabilities:    
Accounts payable 8 10
Payroll taxes and other payroll deductions payable 334 901
Accrued worksite employee payroll cost 774 730
Accrued health insurance costs 31 19
Accrued workers’ compensation costs 81 71
Accrued corporate payroll and commissions 74 82
Income taxes payable 0 18
Client funds liability and other accrued liabilities 80 99
Total current liabilities 1,382 1,930
Noncurrent liabilities:    
Accrued workers’ compensation costs, net of current 107 135
Long-term debt 369 369
Operating lease liabilities, net of current 67 66
Total noncurrent liabilities 543 570
Stockholders’ equity:    
Common stock 1 1
Additional paid-in capital 244 222
Treasury stock, at cost (852) (864)
Retained earnings 694 738
Total stockholders’ equity 87 97
Total liabilities and stockholders’ equity $ 2,012 $ 2,597