XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 301 $ 486
Accounts receivable, net 248 286
Inventories 22 13
Other current assets 94 84
Total current assets 665 869
Property and equipment, net 209 239
Right of use assets - operating lease, net 7 9
Goodwill 395 398
Capitalized contract costs, net 52 68
Deferred income taxes 206 221
Other assets 88 69
Total assets 1,622 1,873
Current liabilities    
Current portion of long-term debt 25 19
Current portion of finance lease liability 62 66
Current portion of operating lease liability 4 6
Accounts payable 85 100
Payroll and benefits liabilities 85 130
Deferred revenue 529 570
Other current liabilities 99 105
Total current liabilities 889 996
Long-term debt 467 480
Finance lease liability 48 63
Operating lease liability 4 6
Pension and other postemployment plan liabilities 93 102
Long-term deferred revenue 10 22
Deferred tax liabilities 7 8
Other liabilities 29 61
Total liabilities 1,547 1,738
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock: par value $0.01 per share, 100.0 shares authorized, no shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 96.2 and 97.9 shares issued at June 30, 2024 and December 31, 2023, respectively 1 1
Paid-in capital 2,131 2,074
Accumulated deficit (1,924) (1,811)
Accumulated other comprehensive loss (133) (129)
Total stockholders’ equity 75 135
Total liabilities and stockholders’ equity $ 1,622 $ 1,873