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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 406 $ 420
Accounts receivable, net 309 234
Inventories 5 18
Other current assets 91 77
Total current assets 811 749
Property and equipment, net 203 185
Right of use assets - operating lease, net 7 8
Goodwill 399 394
Capitalized contract costs, net 35 46
Deferred income taxes 212 226
Other assets 94 96
Total assets 1,761 1,704
Current liabilities    
Current portion of long-term debt 25 25
Current portion of finance lease liability 56 57
Current portion of operating lease liability 3 4
Accounts payable 100 106
Payroll and benefits liabilities 96 111
Deferred revenue 527 512
Other current liabilities 99 115
Total current liabilities 906 930
Long-term debt 437 455
Finance lease liability 47 30
Operating lease liability 5 5
Pension and other postemployment plan liabilities 104 104
Long-term deferred revenue 12 10
Deferred tax liabilities 10 9
Other liabilities 21 28
Total liabilities 1,542 1,571
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 September 30, 2025 and December 31, 2024, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 93.7 and 95.1 shares issued at September 30, 2025 and December 31, 2024, respectively 1 1
Paid-in capital 2,279 2,192
Accumulated deficit (1,923) (1,913)
Accumulated other comprehensive loss (138) (147)
Total stockholders’ equity 219 133
Total liabilities and stockholders’ equity $ 1,761 $ 1,704