v3.26.3
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 599 $ 642
Restricted cash 84 82
Marketable securities 0 18
Accounts receivable, net 910 826
Prepaid insurance and related assets 58 6
Income taxes receivable 30 29
Funds held for clients and other current assets 96 119
Total current assets 1,777 1,722
Property and equipment, net of accumulated depreciation 172 177
Right-of-use (“ROU”) leased assets 54 63
Prepaid health insurance 9 9
Deposits – health insurance 8 8
Deposits workers compensation 132 148
Goodwill and other intangible assets, net 13 13
Deferred income taxes, net 0 22
Other assets 59 41
Total assets 2,224 2,203
Current liabilities:    
Accounts payable 7 6
Payroll taxes and other payroll deductions payable 479 544
Accrued worksite employee payroll cost 801 764
Accrued health insurance costs 69 30
Accrued workers’ compensation costs 86 84
Accrued corporate payroll and commissions 77 78
Client funds liability and other accrued liabilities 79 114
Total current liabilities 1,598 1,620
Noncurrent liabilities:    
Accrued workers’ compensation costs, net of current 99 102
Long-term debt 419 369
Operating lease liabilities, net of current 56 66
Deferred Income Tax Liabilities, Net 8 0
Total noncurrent liabilities 582 537
Commitments and contingencies
Stockholders’ equity:    
Common stock 1 1
Additional paid-in capital 267 257
Treasury stock, at cost (829) (850)
Retained earnings 605 638
Total stockholders’ equity 44 46
Total liabilities and stockholders’ equity $ 2,224 $ 2,203