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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 486 $ 569
Accounts receivable, net 286 364
Inventories 13 8
Other current assets 84 87
Total current assets 869 1,028
Property and equipment, net 239 244
Right of use assets - operating lease, net 9 13
Goodwill 398 390
Capitalized contract costs, net 68 92
Deferred income taxes 221 213
Other assets 69 42
Total assets 1,873 2,022
Current liabilities    
Current portion of long-term debt 19 0
Current portion of finance lease liability 66 67
Current portion of operating lease liability 6 8
Accounts payable 100 94
Payroll and benefits liabilities 130 137
Deferred revenue 570 589
Other current liabilities 105 112
Total current liabilities 996 1,007
Long-term debt 480 498
Finance lease liability 63 54
Operating lease liability 6 10
Pension and other postemployment plan liabilities 102 101
Long-term deferred revenue 22 8
Deferred tax liabilities 8 7
Other liabilities 61 79
Total liabilities 1,738 1,764
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, 2023 and 2022, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 97.9 and 101.1 shares issued and outstanding at December 31, 2023 and 2022, respectively 1 1
Paid-in capital 2,074 1,941
Accumulated deficit (1,811) (1,565)
Accumulated other comprehensive loss (129) (119)
Total stockholders’ equity 135 258
Total liabilities and stockholders’ equity $ 1,873 $ 2,022