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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 484 $ 615
Receivables, less allowances of $24 and $25, respectively 182 206
Inventories 50 44
Prepaid expenses and other assets 167 145
Total Current Assets 882 1,010
Other Assets:    
Property and equipment, net 172 182
Operating lease right-of-use assets 79 80
Goodwill 2,153 2,146
Intangible assets, primarily trade names, service marks and trademarks, net 1,102 1,111
Restricted cash 89 89
Notes receivable 31 31
Long-term marketable securities 14 14
Deferred customer acquisition costs 90 98
Other assets 76 75
Total Assets 4,687 4,837
Current Liabilities:    
Accounts payable 96 91
Accrued liabilities:    
Payroll and related expenses 81 102
Self-insured claims and related expenses 71 76
Accrued interest payable 3 7
Other 108 99
Deferred revenue 108 102
Current portion of lease liability 17 17
Current portion of long-term debt [1] 91 94
Total Current Liabilities 575 588
Long-Term Debt 823 826
Other Long-Term Liabilities:    
Deferred taxes 356 346
Other long-term obligations, primarily self-insured claims 207 239
Long-term lease liability 94 96
Total Other Long-Term Liabilities 657 681
Commitments and Contingencies (Note 6)
Stockholders' Equity:    
Common stock $0.01 par value (authorized 2,000,000,000 shares with 148,712,839 shares issued and 128,865,530 outstanding at March 31, 2021 and 148,400,384 shares issued and 132,080,845 shares outstanding at December 31, 2020) 2 2
Additional paid-in capital 2,370 2,359
Retained Earnings 868 841
Accumulated other comprehensive loss (17) (39)
Less common stock held in treasury, at cost (19,847,309 shares at March 31, 2021 and 16,319,539 shares at December 31, 2020) (592) (423)
Total Stockholders' Equity 2,631 2,741
Total Liabilities and Stockholders' Equity $ 4,687 $ 4,837
[1] The current portion of long-term debt consists of deferred purchase price and earnouts on acquisitions, including approximately $50 million due to the former owners of Copesan, which we acquired in 2018, and scheduled principal payments of long-term debt due within 12 months.