XML 14 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 244 $ 262
Receivables, less allowance of $4 and $2, respectively 4 7
Contract asset 65  
Prepaid expenses and other assets 29 25
Total Current Assets 343 295
Other Assets:    
Property and equipment, net 64 66
Goodwill 503 512
Intangible assets, net 149 159
Operating lease right-of-use assets 9 17
Deferred customer acquisition costs 17 16
Other assets 10 5
Total Assets 1,095 1,069
Current Liabilities:    
Accounts payable 89 66
Accrued liabilities:    
Payroll and related expenses 23 24
Home service plan claims 123 88
Other 27 28
Deferred revenue 113 155
Current portion of long-term debt 17 17
Total Current Liabilities 391 378
Long-Term Debt 596 608
Other Long-Term Liabilities:    
Deferred taxes 37 41
Operating lease liabilities 16 19
Other long-term obligations 8 21
Total Other Long-Term Liabilities 60 81
Commitments and Contingencies (Note 8)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,053,212 shares issued and 81,490,682 shares outstanding at September 30, 2022 and 85,798,765 shares issued and 83,232,481 shares outstanding as of December 31, 2021 1 1
Additional paid-in capital 85 70
Retained earnings 116 53
Accumulated other comprehensive income (loss) 8 (18)
Less common stock held in treasury, at cost; 4,562,530 shares at September 30, 2022 and 2,566,284 shares as of December 31, 2021 (162) (103)
Total Equity 47 2
Total Liabilities and Shareholders' Equity $ 1,095 $ 1,069