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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]        
Revenue $ 758 $ 706 $ 2,113 $ 1,993
Cost of services rendered and products sold 400 368 1,104 1,036
Selling and administrative expenses 185 178 546 512
Amortization expense 8 7 24 31
401(k) Plan corrective contribution     1  
Fumigation related matters (Note 3) [1] 1   92  
Insurance reserve adjustment [2]     23  
Impairment of software and other related costs     1  
Restructuring charges 8 2 13 4
Gain on sale of Merry Maids branches   (3) (2) (5)
Interest expense 39 41 115 128
Interest and net investment income (1)   (5) (8)
Loss on extinguishment of debt   31   58
Income from Continuing Operations before Income Taxes 116 83 200 237
Provision for income taxes 46 32 76 91
Income from Continuing Operations 70 50 124 145
Loss from discontinued operations, net of income taxes (1) (2)
Net Income 70 49 124 144
Total Comprehensive Income $ 71 $ 42 $ 126 $ 130
Weighted average common shares outstanding - Basic 135.1 135.2 135.4 134.9
Weighted-average common shares outstanding - Diluted 137.1 136.8 137.5 136.5
Basic Earnings Per Share:        
Income from Continuing Operations (in dollars per share) $ 0.52 $ 0.37 $ 0.92 $ 1.08
Loss from discontinued operations, net of income taxes (in dollars per share) (0.01) (0.01)
Net Income (in dollars per share) 0.52 0.37 0.91 1.07
Diluted Earnings Per Share:        
Income from Continuing Operations (in dollars per share) 0.51 0.37 0.90 1.07
Loss from discontinued operations, net of income taxes (in dollars per share) (0.01) (0.01)
Net Income (in dollars per share) $ 0.51 $ 0.36 $ 0.90 $ 1.05
[1] Represents costs related to the fumigation related matters described in Note 3 to the condensed consolidated financial statements. We exclude these charges from Adjusted EBITDA because we believe they do not reflect our ongoing operations and because we believe doing so is useful to investors in aiding period-to-period comparability.
[2] Represents an adjustment to the Company's accrued self-insured claims related to automobile, general liability and workers' compensation risks. The adjustment is based on the Company's detailed annual assessment of this actuarially determined accrual, which the Company completes in the second quarter of each year. This adjustment relates to coverage periods of 2015 and prior. We have excluded this discrete second quarter adjustment from Adjusted EBITDA because we believe it does not reflect our ongoing operations and because we believe doing so is useful to investors in aiding period-to-period comparability. Adjustments to accrued self-insured claims related to this insurance program of $2 million in the three months ended September 30, 2015 and $4 million and $6 million in the nine months ended September 30, 2016 and 2015, respectively, were recorded as charges in total Adjusted EBITDA. There were no similar adjustments recorded as charges in total Adjusted EBITDA in the three months ended September 30, 2016.