Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Current Reportable Segments

Information regarding the Company’s current reportable segments is as follows (in millions):

	Revenue
	Successor		Predecessor
	Three Months Ended		Three Months Ended
	March 31,		March 31,
	2022		2021
Employer Solutions
Recurring	$	570	$	533
Project		53		54
Total Employer Solutions		623		587
Professional Services
Recurring		30		29
Project		60		63
Total Professional Services		90		92
Hosted Business		12		10
Total	$	725	$	689

There was no single client who accounted for more than 10% of the Company’s revenues in any of the periods presented.

	Segment Profit
	Successor			Predecessor
	Three Months Ended			Three Months Ended
	March 31,			March 31,
	2022			2021
Employer Solutions	$	142		$	136
Professional Services		—			—
Hosted Business		—			(3	)
Total of all reportable segments		142			133
Share-based compensation		33			2
Transaction and integration expenses(1)		6			—
Non-recurring professional expenses(2)		—			9
Restructuring		6			7
Other(3)		3			(5	)
Depreciation		17			24
Intangible amortization		79			50
Operating (Loss) Income		(2	)		46
Gain from change in fair value of financial instruments		(13	)		—
Gain from change in fair value of tax receivable agreement		(5	)		—
Interest expense		29			62
Other (income) expense, net		(1	)		8
Loss Before Income Tax Expense (Benefit)	$	(12	)	$	(24	)

(1)Transaction and integration expenses related to acquisition activity.

(2)Non-recurring professional expenses includes external advisor and legal costs related to the Company’s Business Combination completed in 2021.

(3)For the three months ended March 31, 2022, other primarily includes expenses related to debt refinancing, offset by Other income, net. For the three months ended March 31, 2021, other includes long-term incentive expenses, offset by Other expense, net.