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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income (loss) $ (116) $ (74)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 29 24
Intangible asset amortization 80 80
Noncash lease expense 5 6
Financing fee and premium amortization (1) (1)
Share-based compensation expense 28 37
(Gain) loss from change in fair value of financial instruments 21 25
(Gain) loss from change in fair value of tax receivable agreement 55 8
Release of unrecognized tax provision   (1)
Deferred tax expense (benefit) (30) (7)
Other   1
Changes in operating assets and liabilities:    
Accounts receivable 48 40
Accounts payable and accrued liabilities (63) (117)
Other assets and liabilities 44 51
Cash provided by operating activities 100 72
Investing activities:    
Capital expenditures (36) (45)
Cash used in investing activities (36) (45)
Financing activities:    
Net increase (decrease) in fiduciary liabilities 60 (121)
Repayments to banks (6) (6)
Principal payments on finance lease obligations (9) (7)
Payments on tax receivable agreements (62) (7)
Tax payment for shares/units withheld in lieu of taxes (57) (6)
Deferred and contingent consideration payments   (3)
Repurchase of shares   (10)
Cash used in financing activities (74) (160)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2)  
Net increase (decrease) in cash, cash equivalents and restricted cash (12) (133)
Cash, cash equivalents and restricted cash at beginning of period [1] 1,759 1,759
Cash, cash equivalents and restricted cash at end of period [1] 1,747 1,626
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents [1] 286 239
Restricted cash included in fiduciary assets [1] 1,461 1,387
Total cash, cash equivalents and restricted cash [1] 1,747 1,626
Supplemental disclosure of non-cash investing and financing activities:    
Fixed asset additions acquired through finance leases 52 4
Right of use asset additions acquired through operating leases $ 8 $ 1
[1] The cash flows related to discontinued operations have not been separated and are included in the Condensed Consolidated Statements of Cash Flows. The Cash and cash equivalents and Restricted cash included in fiduciary assets amounts presented above differ from the Condensed Consolidated Balance Sheets due to cash and fiduciary assets included in Current assets held for sale.