Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Reportable Segments

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

	Revenue
	Three Months Ended June 30				Six Months Ended June 30
	2023		2022			2023		2022
Employer Solutions
Recurring	$	639	$	559		$	1,308	$	1,129
Project		58		55			112		108
Total Employer Solutions		697		614			1,420		1,237
Professional Services
Recurring		35		32			68		62
Project		65		59			130		119
Total Professional Services		100		91			198		181
Total Reportable Segments		797		705			1,618		1,418
Other		9		10			19		22
Total revenue	$	806	$	715		$	1,637	$	1,440

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

	Segment Profit
	Three Months Ended June 30						Six Months Ended June 30
	2023			2022			2023			2022
Employer Solutions	$	240		$	200		$	478		$	404
Professional Services		19			20			38			39
Other		(2	)		(1	)		(2	)		(1	)
Total Gross Profit		257			219			514			442
Selling, general and administrative		193			157			378			297
Depreciation and intangible amortization		85			85			170			170
Operating Income (Loss)		(21	)		(23	)		(34	)		(25	)
(Gain) Loss from change in fair value of financial instruments		-			(50	)		25			(63	)
(Gain) Loss from change in fair value of tax receivable agreement		11			(38	)		19			(43	)
Interest expense		33			29			66			58
Other (income) expense, net		4			(7	)		7			(8	)
Income (Loss) Before Taxes	$	(69	)	$	43		$	(151	)	$	31