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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 615 $ 280
Receivables, less allowances of $25 and $22, respectively 206 178
Inventories 44 46
Prepaid expenses and other assets 145 81
Current assets of discontinued operations   45
Total Current Assets 1,010 629
Other Assets:    
Property and equipment, net 182 204
Operating lease right-of-use assets 80 95
Goodwill 2,146 2,096
Intangible assets, primarily trade names, service marks and trademarks, net 1,111 1,169
Restricted cash 89 89
Notes receivable 31 32
Long-term marketable securities 14 13
Deferred customer acquisition costs 98 94
Other assets 75 68
Long-term assets of discontinued operations   834
Total Assets 4,837 5,322
Current Liabilities:    
Accounts payable 91 96
Accrued liabilities:    
Payroll and related expenses 102 54
Self-insured claims and related expenses 76 72
Accrued interest payable 7 16
Other 99 82
Deferred revenue 102 107
Current portion of lease liability 17 19
Current portion of long-term debt [1] 94 69
Current liabilities of discontinued operations   42
Total Current Liabilities 588 557
Long-Term Debt 826 1,666
Other Long-Term Liabilities:    
Deferred taxes 346 499
Other long-term obligations, primarily self-insured claims 239 158
Long-term lease liability 96 110
Long-term liabilities of discontinued operations   11
Total Other Long-Term Liabilities 681 777
Commitments and Contingencies (Note 9)
Stockholders' Equity:    
Common stock $0.01 par value (authorized 2,000,000,000 shares with 148,400,384 shares issued and 132,080,845 shares outstanding at December 31, 2020 and 147,872,959 shares issued and 135,408,054 outstanding at December 31, 2019) 2 2
Additional paid-in capital 2,359 2,334
Retained Earnings 841 291
Accumulated other comprehensive income (39) 9
Less common stock held in treasury, at cost (16,319,539 shares at December 31, 2020 and 12,464,905 shares at December 31, 2019) (423) (313)
Total Stockholders' Equity 2,741 2,322
Total Liabilities and Stockholders' Equity $ 4,837 $ 5,322
[1] The current portion of long-term debt consists of deferred purchase price and earnout payments on acquisitions, including approximately $50 million due to the former owners of Copesan in 2021, and scheduled principal payments of long-term debt due within 12 months.