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Related Party Transactions | 3 Months Ended
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Mar. 31, 2018
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions Management Consulting Agreement In May 2016, in connection with the acquisition of The ADT Corporation, Apollo Management Holdings, L.P., an affiliate of the Company’s Sponsor (the “Management Service Provider”) entered into a management consulting agreement with the Company (the “Management Consulting Agreement”) relating to the provision of certain management consulting and advisory services to the Company following this acquisition. Fees under the Management Consulting Agreement for the three months ended March 31, 2018 and 2017 were $1 million and $5 million, respectively. These costs are included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations. In January 2018, upon consummation of the IPO, this agreement was terminated in accordance with its terms. Koch During the three months ended March 31, 2018, in lieu of declaring and paying a dividend obligation associated with Koch Preferred Securities, the Company elected to increase the accumulated stated value of the Koch Preferred Securities by approximately $25 million. During the three months ended March 31, 2017, the Company paid cash dividends of $21 million to meet the dividend obligation associated with the Koch Preferred Securities to the Koch Investor. These amounts are reflected in interest expense in the Condensed Consolidated Statements of Operations. Additionally, during the three months ended March 31, 2017, the Company paid $45 million of structuring fees to the Koch Investor in connection with the payment of the Special Dividend. Refer to Note 6 “Mandatorily Redeemable Preferred Securities” for further discussion. AGS Apollo Global Securities, LLC, an affiliate of Apollo (“AGS”) served as an underwriter in the Company’s IPO. AGS agreed to purchase, and the Company agreed to sell 4,200,000 shares of common stock, and the Company paid $2 million in commissions to AGS in connection with its role as an underwriter in the IPO. The net amount of this transaction is reflected in the Condensed Consolidated Statement of Stockholders’ Equity as of March 31, 2018. Other Transactions During the three months ended March 31, 2017, the Company paid dividends of $550 million to the Company’s equity holders and Ultimate Parent, which primarily includes distributions to its Sponsors. Such dividends are presented on the Condensed Consolidated Statement of Cash Flows for the three months ended March 31, 2017. Refer to Note 10 “Equity” for further discussion.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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