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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 255 $ 262
Receivables, less allowance of $3 and $2, respectively 5 7
Prepaid expenses and other assets 22 25
Total Current Assets 282 295
Other Assets:    
Property and equipment, net 68 66
Goodwill 512 512
Intangible assets, net 157 159
Operating lease right-of-use assets 16 17
Deferred customer acquisition costs 18 16
Other assets 5 5
Total Assets 1,058 1,069
Current Liabilities:    
Accounts payable 73 66
Accrued liabilities:    
Payroll and related expenses 17 24
Home service plan claims 81 88
Other 23 28
Deferred revenue 190 155
Current portion of long-term debt 17 17
Total Current Liabilities 402 378
Long-Term Debt 604 608
Other Long-Term Liabilities:    
Deferred taxes 45 41
Operating lease liabilities 18 19
Other long-term obligations 9 21
Total Other Long-Term Liabilities 72 81
Commitments and Contingencies (Note 7)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 85,980,791 shares issued and 82,303,166 shares outstanding at March 31, 2022 and 85,798,765 shares issued and 83,232,481 shares outstanding as of December 31, 2021 1 1
Additional paid-in capital 73 70
Retained earnings 55 53
Accumulated other comprehensive loss (5) (18)
Less common stock held in treasury, at cost; 3,677,625 shares at March 31, 2022 and 2,566,284 shares as of December 31, 2021 (143) (103)
Total (Deficit) Equity (20) 2
Total Liabilities and Shareholders' Equity $ 1,058 $ 1,069