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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 493 $ 420
Accounts receivable, net 251 234
Inventories 13 18
Other current assets 80 77
Total current assets 837 749
Property and equipment, net 198 185
Right of use assets - operating lease, net 7 8
Goodwill 399 394
Capitalized contract costs, net 42 46
Deferred income taxes 209 226
Other assets 87 96
Total assets 1,779 1,704
Current liabilities    
Current portion of long-term debt 25 25
Current portion of finance lease liability 50 57
Current portion of operating lease liability 2 4
Accounts payable 96 106
Payroll and benefits liabilities 120 111
Deferred revenue 533 512
Other current liabilities 88 115
Total current liabilities 914 930
Long-term debt 431 455
Finance lease liability 45 30
Operating lease liability 4 5
Pension and other postemployment plan liabilities 114 104
Long-term deferred revenue 11 10
Deferred tax liabilities 12 9
Other liabilities 18 28
Total liabilities 1,549 1,571
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, 2025 and 2024, respectively 0 0
Common stock: par value $0.01 per share, 500.0 shares authorized, 92.5 and 95.1 shares issued and outstanding at December 31, 2025 and 2024, respectively 1 1
Paid-in capital 2,305 2,192
Accumulated deficit (1,923) (1,913)
Accumulated other comprehensive loss (153) (147)
Total stockholders’ equity 230 133
Total liabilities and stockholders’ equity $ 1,779 $ 1,704