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Other Financial Data (Tables)
12 Months Ended
Dec. 31, 2023
Other Financial Data [Abstract]  
Summary of Components of Receivables, Net

The components of Receivables, net are as follows (in millions):

 

 

 

December 31,

 

 

 

December 31,

 

 

 

2023

 

 

 

2022

 

Billed and unbilled receivables

 

$

 

710

 

 

 

$

 

687

 

Allowance for expected credit losses

 

 

 

(12

)

 

 

 

 

(9

)

Balance at end of period

 

$

 

698

 

 

 

$

 

678

 

Summary of Components of Other Current Assets

The components of Other current assets are as follows (in millions):

 

 

 

December 31,

 

 

 

December 31,

 

 

 

2023

 

 

 

2022

 

Deferred project costs

 

$

 

50

 

 

 

$

 

43

 

Prepaid expenses

 

 

 

63

 

 

 

 

 

68

 

Commissions receivable

 

 

 

107

 

 

 

 

 

149

 

Other

 

 

 

99

 

 

 

 

 

119

 

Total

 

$

 

319

 

 

 

$

 

379

 

Summary of Components of Other Assets

The components of Other assets are as follows (in millions):

 

 

 

December 31,

 

 

 

December 31,

 

 

 

2023

 

 

 

2022

 

Deferred project costs

 

$

 

371

 

 

 

$

 

342

 

Operating lease right of use asset

 

 

 

68

 

 

 

 

 

86

 

Commissions receivable

 

 

 

22

 

 

 

 

 

28

 

Other

 

 

 

36

 

 

 

 

 

86

 

Total

 

$

 

497

 

 

 

$

 

542

 

Summary of Components of Fixed Assets, Net

The components of Fixed assets, net are as follows (in millions):

 

 

 

December 31,

 

 

 

December 31,

 

 

 

2023

 

 

 

2022

 

Capitalized software

 

$

 

340

 

 

 

$

 

183

 

Leasehold improvements

 

 

 

47

 

 

 

 

 

42

 

Computer equipment

 

 

 

122

 

 

 

 

 

116

 

Furniture, fixtures and equipment

 

 

 

14

 

 

 

 

 

12

 

Construction in progress

 

 

 

59

 

 

 

 

 

73

 

Total Fixed assets, gross

 

 

 

582

 

 

 

 

 

426

 

Less: Accumulated depreciation

 

 

 

211

 

 

 

 

 

106

 

Fixed assets, net

 

$

 

371

 

 

 

$

 

320

 

Summary of Components of Other Current Liabilities

The components of Other current liabilities are as follows (in millions):

 

 

 

December 31,

 

 

 

December 31,

 

 

 

2023

 

 

 

2022

 

Deferred revenue

 

$

 

148

 

 

 

$

 

141

 

Operating lease liabilities

 

 

 

35

 

 

 

 

 

34

 

Finance lease liabilities

 

 

 

11

 

 

 

 

 

25

 

Other

 

 

 

123

 

 

 

 

 

100

 

Total

 

$

 

317

 

 

 

$

 

300

 

Summary of Components of Other Liabilities

The components of Other liabilities are as follows (in millions):

 

 

 

December 31,

 

 

 

December 31,

 

 

 

2023

 

 

 

2022

 

Deferred revenue

 

$

 

82

 

 

 

$

 

93

 

Operating lease liabilities

 

 

 

71

 

 

 

 

 

103

 

Finance lease liabilities

 

 

 

7

 

 

 

 

 

18

 

Unrecognized tax positions

 

 

 

13

 

 

 

 

 

13

 

Other

 

 

 

37

 

 

 

 

 

54

 

Total

 

$

 

210

 

 

 

$

 

281