Stockholders' and Members' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Changes in Outstanding Stock

The following table reflects the changes in our outstanding stock:

	Class A (2)			Class B-1		Class B-2		Class V			Class Z		Treasury
Balance at December 31, 2021		456,282,881			4,990,453		4,990,453		77,459,687			5,595,577		—
Conversion of noncontrolling interest		1,239,256			—		—		(1,239,256	)		—		—
Shares granted upon vesting		106,188			—		—		—			—		—
Issuance for compensation to non-employees(1)		13,743			—		—		—			—		—
Balance at March 31, 2022		457,642,068			4,990,453		4,990,453		76,220,431			5,595,577		—
Conversion of noncontrolling interest		333,715			—		—		(333,715	)		—		—
Shares granted upon vesting		50,132			—		—		—			—
Issuance for compensation to non-employees(1)		20,258			—		—		—			—		—
Balance at June 30, 2022		458,046,173			4,990,453		4,990,453		75,886,716			5,595,577		—
Conversion of noncontrolling interest		86,399			—		—		(86,399	)		—		—
Shares granted upon vesting		135,445			—		—		—			—		—
Issuance for compensation to non-employees(1)		20,891			—		—		—			—		—
Share repurchases		(1,506,385	)		—		—		—			—		1,506,385
Balance at September 30, 2022		456,782,523			4,990,453		4,990,453		75,800,317			5,595,577		1,506,385
Conversion of noncontrolling interest		12,318,852			—		—		(12,318,852	)		—		—
Shares granted upon vesting		1,637,270			—		—		—			—		—
Issuance for compensation to non-employees(1)		18,316			—		—		—			—		—
Share repurchases		—			—		—		—			—		—
Balance at December 31, 2022		470,756,961			4,990,453		4,990,453		63,481,465			5,595,577		1,506,385

(1)Issued to certain members of the Board of Directors in lieu of cash retainer.

(2)Does not include 7,583,284 of unvested Class A common shares as of December 31, 2022.

Schedule of Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes in accumulated other comprehensive income (loss), net of noncontrolling interests and tax, are as follows (in millions):

	Predecessor
	Foreign
	Currency			Interest
	Translation			Rate
	Adjustments(1)			Swaps(2)			Total
Balance at December 31, 2019	$	(3	)	$	(22	)	$	(25	)
Other comprehensive (loss) income before reclassifications, net of tax		8			(47	)		(39	)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		—			22			22
Net current period other comprehensive (loss) income		8			(25	)		(17	)
Balance at December 31, 2020	$	5		$	(47	)	$	(42	)
Other comprehensive (loss) income before reclassifications, net of tax		8			9			17
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		—			14			14
Net current period other comprehensive (loss) income		8			23			31
Balance at June 30, 2021	$	13		$	(24	)	$	(11	)
	Successor
	Foreign
	Currency			Interest
	Translation			Rate
	Adjustments(1)			Swaps(2)			Total
Balance at July 1, 2021	$	—		$	—		$	—
Other comprehensive (loss) income before reclassifications		—			9			9
Tax expense (benefit)		—			(2	)		(2	)
Other comprehensive (loss) income before reclassifications, net of tax		—			7			7
Amounts reclassified from accumulated other comprehensive income		—			1			1
Tax expense		—			—			—
Amounts reclassified from accumulated other comprehensive income, net of tax		—			1			1
Net current period other comprehensive income, net of tax		—			8			8
Balance at December 31, 2021	$	—		$	8		$	8
Other comprehensive (loss) income before reclassifications		(13	)		125			112
Tax expense (benefit)		2			(8	)		(6	)
Other comprehensive (loss) income before reclassifications, net of tax		(11	)		117			106
Amounts reclassified from accumulated other comprehensive income		—			(19	)		(19	)
Tax expense		—			—			—
Amounts reclassified from accumulated other comprehensive income, net of tax		—			(19	)		(19	)
Net current period other comprehensive income, net of tax		(11	)		98			87
Balance at December 31, 2022	$	(11	)	$	106		$	95

(1)Foreign currency translation adjustments include $6 million losses related to intercompany loans that have been designated long-term investment nature.

(2)Reclassifications from this category are recorded in Interest expense. See Note 13 "Derivative Financial Instruments" for additional information.