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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 7 $ 5
Accounts receivable, net of $9 and $12 in allowances, respectively 725 743
Other current assets 44 48
Total current assets 776 796
Property and equipment, net of $319 and $293 in accumulated depreciation, respectively 118 124
Operating lease assets 210 195
Goodwill 630 630
Identifiable intangible assets, net of $124 and $118 in accumulated amortization, respectively 62 68
Other long-term assets 17 12
Total long-term assets 1,037 1,029
Total assets 1,813 1,825
Current liabilities    
Accounts payable 382 414
Accrued expenses 197 199
Short-term debt and current maturities of long-term debt 16 3
Short-term operating lease liabilities 54 53
Other current liabilities 13 13
Total current liabilities 662 682
Long-term debt and obligations under finance leases 370 356
Deferred tax liabilities 0 7
Long-term operating lease liabilities 160 146
Other long-term liabilities 42 40
Total long-term liabilities 572 549
Commitments and Contingencies (Note 10)
Equity    
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, $0.01 par value; 300,000 shares authorized; 117,607 and 117,026 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 1 1
Additional paid-in capital 599 590
Retained earnings (Accumulated deficit) (16) 6
Accumulated other comprehensive loss (5) (3)
Total equity 579 594
Total liabilities and equity $ 1,813 $ 1,825
Common stock, shares outstanding (in shares) 117,607,000 117,026,000
Common stock, shares issued (in shares) 117,607,000 117,026,000