Billeys formula in combinatorics, geometry, and topology

In this expository paper we describe a powerful combinatorial formula and its implications in geometry, topology, and algebra. This formula first appeared in the appendix of a book by Andersen, Jantzen, and Soergel. Sara Billey discovered it independently five years later, and it played a prominent role in her work to evaluate certain polynomials closely related to Schubert polynomials. Billeys formula relates many pieces of Schubert calculus: the geometry of Schubert varieties, the action of the torus on the flag variety, combinatorial data about permutations, the cohomology of the flag variety and of the Schubert varieties, and the combinatorics of root systems (generalizing