Stockholders' and Members' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Changes in Outstanding Stock

The following table reflects the changes in our outstanding stock:

	Successor
	Class A		Class B-1		Class B-2		Class V		Class Z
Balance at July 1, 2021		438,968,920		4,990,453		4,990,453		77,459,687		5,595,577
Issuance for compensation to non-employees(1)		12,730		—		—		—		—
Balance at September 30, 2021		438,981,650		4,990,453		4,990,453		77,459,687		5,595,577

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

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

Changes in accumulated other comprehensive loss, net of non-controlling interests and tax, are as follows (in millions):

	Predecessor
	Foreign
	Currency		Interest
	Translation		Rate
	Adjustments		Swaps(1)			Total
Balance at December 31, 2020	$	5	$	(47	)	$	(42	)
Other comprehensive income before reclassifications, net of tax		4		10			14
Amounts reclassified from accumulated other comprehensive loss, net of tax		—		7			7
Net current period other comprehensive income, net of tax		4		17			21
Balance at March 31, 2021	$	9	$	(30	)	$	(21	)
Other comprehensive income (loss) before reclassifications, net of tax		4		(1	)		3
Amounts reclassified from accumulated other comprehensive loss, net of tax		—		7			7
Net current period other comprehensive income, net of tax		4		6			10
Balance at June 30, 2021	$	13	$	(24	)	$	(11	)
	Successor
	Foreign
	Currency		Interest
	Translation		Rate
	Adjustments		Swaps(1)			Total
Balance at July 1, 2021	$	—	$	—		$	—
Other comprehensive loss before reclassifications, net of tax		2		1			3
Amounts reclassified from accumulated other comprehensive loss, net of tax		—		—			—
Net current period other comprehensive loss, net of tax		2		1			3
Balance at September 30, 2021	$	2	$	1		$	3

⁽¹⁾Reclassifications from this category are recorded in Interest expense. See Note 13 “Derivative Financial Instruments” for additional information.