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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 280 $ 224
Investment in frontdoor, inc.   445
Receivables, less allowances of $24 and $21, respectively 218 186
Inventories 48 45
Prepaid expenses and other assets 83 61
Total Current Assets 629 962
Other Assets:    
Property and equipment, net 212 201
Operating lease right-of-use assets 97  
Goodwill 2,279 1,956
Intangible assets, primarily trade names, service marks and trademarks, net 1,791 1,588
Restricted cash 89 89
Notes receivable 45 43
Long-term marketable securities 13 21
Deferred customer acquisition costs 95 77
Other assets 73 87
Total Assets 5,322 5,023
Current Liabilities:    
Accounts payable 104 89
Accrued liabilities:    
Payroll and related expenses 59 60
Self-insured claims and related expenses 72 58
Accrued interest payable 16 14
Other 105 61
Deferred revenue 111 95
Current portion of lease liability 20  
Current portion of long-term debt 70 49
Total Current Liabilities 557 425
Long-Term Debt 1,668 1,727
Other Long-Term Liabilities:    
Deferred taxes 501 484
Other long-term obligations, primarily self-insured claims 164 182
Long-term lease liability 111  
Total Other Long-Term Liabilities 776 666
Commitments and Contingencies (Note 10)
Stockholders' Equity:    
Common stock $0.01 par value (authorized 2,000,000,000 shares with 147,872,959 shares issued and 135,408,054 shares outstanding at December 31, 2019, and 147,209,928 shares issued and 135,687,558 outstanding at December 31, 2018) 2 2
Additional paid-in capital 2,334 2,309
Retained earnings 291 156
Accumulated other comprehensive income 9 5
Less common stock held in treasury, at cost (12,464,905 shares at December 31, 2019 and 11,552,370 shares at December 31, 2018) (313) (267)
Total Stockholders' Equity 2,322 2,204
Total Liabilities and Stockholders' Equity $ 5,322 $ 5,023