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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 494 $ 715
Accounts receivable, net 398 588
Inventories 31 28
Other current assets 91 97
Total current assets 1,014 1,428
Property and equipment, net 350  
Property and equipment, net   295
Capitalized software, net 36 72
Right of use assets - operating lease, net 51  
Goodwill 396 395
Capitalized contract costs 91 54
Deferred income taxes 87 67
Other assets 32 49
Total assets 2,057 2,360
Current liabilities    
Current portion of long-term debt 25 19
Current portion of finance lease liability 55 17
Current portion of operating lease liability 20  
Accounts payable 66 141
Payroll and benefits liabilities 157 224
Deferred revenue 472 490
Other current liabilities 91 118
Total current liabilities 886 1,009
Long-term debt 454 478
Finance lease liability 75 30
Operating lease liability 38  
Pension and other postemployment plan liabilities 137 113
Long-term deferred revenue 61 105
Deferred tax liabilities 6 3
Other liabilities 138 127
Total liabilities 1,795 1,865
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, 2019 and 2018, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 110.9 and 116.8 shares issued and outstanding at December 31, 2019 and 2018, respectively 1 1
Paid-in capital 1,545 1,418
Accumulated deficit (1,143) (823)
Accumulated other comprehensive loss (141) (101)
Total stockholders’ equity 262 495
Total liabilities and stockholders’ equity $ 2,057 $ 2,360