Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

The following table presents the net contract asset and contract liability balances as of March 31, 2021 and December 31, 2020.


In millions	Location in the Condensed Consolidated Balance Sheet	March 31, 2021		December 31, 2020
Current portion of contract liabilities	Contract liabilities	$	594	$	507
Non-current portion of contract liabilities	Other liabilities	$	76	$	80

The reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Statements of Cash Flows is as follows:


In millions	March 31
	2021		2020 As Revised
Reconciliation of cash, cash equivalents and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows
Cash and cash equivalents	$	319	$	1,214
Restricted cash included in other assets	8		7
Funds held for clients included in other current assets	44		44
Cash included in settlement processing assets included in other current assets	20		8
Total cash, cash equivalents and restricted cash	$	391	$	1,273