v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]    
Net income $ 36 $ 26
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 31 33
Stock-based compensation 38 47
Deferred income taxes 30 31
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Noncash Item [Abstract]    
Accounts receivable (84) (65)
Prepaid insurance and related assets (52) 8
Other current assets (9) 0
Other assets and ROU assets (4) (6)
Accounts payable 1 (2)
Payroll taxes and other payroll deductions payable (65) (567)
Accrued worksite employee payroll costs 37 44
Accrued health insurance costs 39 12
Accrued workers’ compensation costs (1) (18)
Accrued corporate payroll, commissions and other accrued liabilities (19) (23)
Income taxes payable/receivable (1) (53)
Total adjustments (59) (559)
Net cash used in operating activities (23) (533)
Marketable securities:    
Purchases (10) (25)
Proceeds from maturities 6 17
Proceeds from dispositions 22 8
Proceeds from Sale of Property, Plant, and Equipment [Abstract]    
Property and equipment purchases (26) (22)
Net cash used in investing activities (8) (22)
Cash flows from financing activities:    
Purchase of treasury stock (10) (19)
Dividends paid (69) (68)
Proceeds from Lines of Credit 50 0
Client funds liability and other (26) (14)
Net cash used in financing activities (55) (101)
Net decrease in cash, cash equivalents, restricted cash, funds held for clients, and deposits – workers’ compensation (86) (656)
Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation beginning of period 945 1,344
Cash, cash equivalents, restricted cash, funds held for clients, and deposits - workers’ compensation end of period 859 688
Supplemental cash flow information:    
ROU assets obtained in exchange for lease obligations $ 5 $ 15