XML 39 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Description of Business and Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Impact of the Adoption of Topic 606 on the Condensed Consolidated Income Statements
The impact from the adoption of ASC Topic 606 to our condensed consolidated income statements and balance sheets is as follows:
(in millions)
As of and for the
Three Months Ended
March 31, 2018
Balance Using Previous Standard
Increase (Decrease)
Income statement
 
 
 
Revenue
 
 
 
Professional service revenues
$
129

$
126

$
3

Total revenues
861

858

3

Expense
 
 
 
Sales and marketing expense
 
 


Commissions expense
4

13

(9
)
Total expense
790

799

(9
)
Income before provision for income taxes
67

56

11

Income tax expense
13

11

2

Net income
54

45

9

Basic earnings per share
0.77

0.64

0.13

Diluted earnings per share
0.75

0.62

0.13

 
 
 


Balance sheet
 
 
 
Assets
 
 


Unbilled revenue (net of advance collections)
$
286

$
291

$
(5
)
Prepaid expenses and other current assets
22

14

8

Other assets
18

14

4

Liabilities
 
 


Accounts payable and other current liabilities
46

47

(1
)
Other liabilities
10

12

(2
)
Equity
 
 


Retained earnings
(332
)
(342
)
10