CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 321	$ 360
Restricted cash, cash equivalents and investments	1,108	1,413
Accounts receivable, net	10	32
Payroll funds receivable	476	349
Prepaid expenses, net	53	64
Other payroll assets	481	916
Other current assets	49	46
Total current assets	2,498	3,180
Restricted cash, cash equivalents and investments, noncurrent	125	145
Property and equipment, net	11	10
Operating lease right-of-use asset	37	24
Goodwill	461	461
Software and other intangible assets, net	151	156
Other assets	142	143
Total assets	3,425	4,119
Current liabilities:
Accounts payable and other current liabilities	89	89
Revolving credit agreement borrowings	0	75
Client deposits and other client liabilities	43	76
Accrued wages	549	580
Accrued health insurance costs, net	197	189
Accrued workers' compensation costs, net	45	44
Payroll tax liabilities and other payroll withholdings	1,308	1,906
Operating lease liabilities	10	13
Insurance premiums and other payables	8	9
Total current liabilities	2,249	2,981
Long-term debt, noncurrent	895	908
Accrued workers' compensation costs, noncurrent, net	110	110
Deferred taxes	9	11
Operating lease liabilities, noncurrent	38	26
Other non-current liabilities	14	14
Total liabilities	3,315	4,050
Commitments and contingencies (see Note 5)
Stockholders' equity:
Preferred stock	0	0
Common stock and additional paid-in capital	1,112	1,056
Accumulated deficit	(1,002)	(984)
Accumulated other comprehensive loss	0	(3)
Total stockholders' equity	110	69
Total liabilities & stockholders' equity	$ 3,425	$ 4,119