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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 325 $ 292
Receivables, less allowance of $5 and $4, respectively 6 5
Prepaid expenses and other current assets 32 33
Total Current Assets 363 330
Other Assets:    
Property and equipment, net 60 66
Goodwill 503 503
Intangible assets, net 143 148
Operating lease right-of-use assets 3 11
Deferred customer acquisition costs 12 16
Other assets 5 8
Total Assets 1,089 1,082
Current Liabilities:    
Accounts payable 76 80
Accrued liabilities:    
Payroll and related expenses 38 22
Home warranty claims 76 103
Other 22 21
Deferred revenue 102 121
Current portion of long-term debt 17 17
Total Current Liabilities 331 364
Long-Term Debt 577 592
Other Long-Term Liabilities:    
Deferred tax liabilities, net 25 39
Operating lease liabilities 16 18
Other long-term liabilities 5 8
Total Other Long-Term Liabilities 46 65
Commitments and Contingencies (Note 8)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,553,387 shares issued and 78,378,511 shares outstanding as of December 31, 2023 and 86,079,773 shares issued and 81,517,243 shares outstanding as of December 31, 2022 1 1
Additional paid-in capital 117 90
Retained earnings 296 124
Accumulated other comprehensive income 6 8
Less treasury stock, at cost; 8,174,876 shares as of December 31, 2023 and 4,562,530 shares as of December 31, 2022 (283) (162)
Total Shareholders' Equity 136 61
Total Liabilities and Shareholders' Equity $ 1,089 $ 1,082