Description of Business and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

The below table summarizes the amounts capitalized and amortized during the three and six months ended June 30, 2018:

The impact from the adoption of ASC Topic 606 to our condensed consolidated income statements and balance sheets is as follows:



	Three Months Ended June 30, 2018							Six Months Ended June 30, 2018
(in millions, except per share data)	As Reported		Balance Using Previous Standard		Increase (Decrease)			As Reported		Balance Using Previous Standard		Increase (Decrease)
Income statement
Revenue
Professional service revenues	$	115	$	115	$	—		$	244	$	242	$	2
Total revenues	850		850		—			1,711		1,709		2
Expense
Sales and marketing expense
Commissions expense	8		14		(6		)	12		27		(15		)
Total expense	774		780		(6		)	1,564		1,579		(15		)
Income before provision for income taxes	72		66		6			139		122		17
Income tax expense	14		12		2			27		23		4
Net income	58		54		4			112		99		13
Basic earnings per share	0.82		0.77		0.05			1.59		1.41		0.18
Diluted earnings per share	$	0.80	$	0.75	$	0.05		$	1.55	$	1.37	$	0.18



	June 30, 2018
(in millions)	As reported			Balance Using Previous Standard			Increase (Decrease)
Balance sheet
Assets
Cash and cash equivalents	$	202		$	208		$	(6	)
Restricted cash, cash equivalents and investments	629			623			6
Unbilled revenue (net of advance collections)	268			274			(6		)
Prepaid expenses and other current assets	37			29			8
Other assets	23			17			6
Liabilities
Accounts payable and other current liabilities	39			43			(4		)
Deferred income taxes	70			68			2
Other liabilities	16			20			(4		)
Equity
Retained earnings	$	(302	)	$	(316	)	$	14