Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2021

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		Six Months Ended		Three Months Ended		Nine Months Ended
	September 30,		June 30,		September 30,		September 30,
	2021		2021		2020		2020
Employer Solutions
Recurring	$	522	$	1,049	$	498	$	1,516
Project		65		107		61		162
Total Employer Solutions		587		1,156		559		1,678
Professional Services
Recurring		32		60		28		78
Project		61		124		65		194
Total Professional Services		93		184		93		272
Hosted Business		10		21		16		58
Total	$	690	$	1,361	$	668	$	2,008

	Segment Profit
	Successor			Predecessor
	Three Months Ended			Six Months Ended			Three Months Ended			Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
	2021			2021			2020			2020
Employer Solutions	$	151		$	274		$	120		$	389
Professional Services		4			7			12			23
Hosted Business		(2	)		(3	)		—			4
Total of all reportable segments		153			278			132			416
Share-based compensation		15			5			1			5
Transaction and integration		3			—			—			—
Non-recurring professional expenses(1)		17			18			—			—
Transformation initiatives(2)		—			—			—			11
Restructuring		3			9			10			57
Other(3)		2			(5	)		4			28
Depreciation		14			49			24			66
Intangible amortization		74			100			51			151
Operating Income		25			102			42			98
Loss from change in fair value of financial instruments		90			—			—			—
Loss from change in fair value of tax receivable agreement		27			—			—			—
Interest expense		28			123			61			172
Other expense (income), net		—			9			3			(1	)
Loss Before Income Tax (Benefit) Expense	$	(120	)	$	(30	)	$	(22	)	$	(73	)

⁽¹⁾ Non-recurring professional expenses primarily includes external advisor costs related to the Company’s Business Combination completed in the third quarter of 2021.

⁽²⁾ Transformation initiatives in fiscal year 2020 includes expenses related to enhancing our data center.

⁽³⁾ Other primarily includes long-term incentive expenses and expenses related to acquisitions in fiscal year 2020, offset by Other expense (income), net.