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Other Financial Data (Tables)
3 Months Ended
Mar. 31, 2024
Other Financial Data [Abstract]  
Summary of Components of Receivables, Net

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

 

 

 

March 31,

 

 

 

December 31,

 

 

 

2024

 

 

 

2023

 

Billed and unbilled receivables

 

$

 

399

 

 

 

$

 

442

 

Allowance for expected credit losses

 

 

 

(6

)

 

 

 

 

(7

)

Balance at end of period

 

$

 

393

 

 

 

$

 

435

 

Summary of Components of Other Current Assets

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

 

 

 

March 31,

 

 

 

December 31,

 

 

 

2024

 

 

 

2023

 

Deferred project costs

 

$

 

22

 

 

 

$

 

20

 

Prepaid expenses

 

 

 

43

 

 

 

 

 

48

 

Commissions receivable

 

 

 

66

 

 

 

 

 

107

 

Other

 

 

 

86

 

 

 

 

 

85

 

Total

 

$

 

217

 

 

 

$

 

260

 

Summary of Components of Other Assets

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

 

 

 

March 31,

 

 

 

December 31,

 

 

 

2024

 

 

 

2023

 

Deferred project costs

 

$

 

242

 

 

 

$

 

240

 

Operating lease right of use asset

 

 

 

56

 

 

 

 

 

55

 

Commissions receivable

 

 

 

20

 

 

 

 

 

22

 

Other

 

 

 

28

 

 

 

 

 

24

 

Total

 

$

 

346

 

 

 

$

 

341

 

 

Summary of Components of Other Current Liabilities

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

 

 

 

March 31,

 

 

 

December 31,

 

 

 

2024

 

 

 

2023

 

Deferred revenue

 

$

 

87

 

 

 

$

 

97

 

Operating lease liabilities

 

 

 

28

 

 

 

 

 

27

 

Finance lease liabilities

 

 

 

22

 

 

 

 

 

10

 

Other

 

 

 

145

 

 

 

 

 

99

 

Total

 

$

 

282

 

 

 

$

 

233

 

 

Summary of Components of Other Liabilities

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

 

 

 

March 31,

 

 

 

December 31,

 

 

 

2024

 

 

 

2023

 

Deferred revenue

 

$

 

45

 

 

 

$

 

45

 

Operating lease liabilities

 

 

 

62

 

 

 

 

 

65

 

Finance lease liabilities

 

 

 

40

 

 

 

 

 

6

 

Other

 

 

 

19

 

 

 

 

 

26

 

Total

 

$

 

166

 

 

 

$

 

142