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Equity
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Equity
Equity
Stock Split and Initial Public Offering
Refer to Note 1 “Basis of Presentation and Summary of Significant Accounting Policies” for a discussion regarding the Stock Split and the Company’s completion of an IPO in January 2018.
Common Stock Dividends
On March 15, 2018, the Company’s board of directors declared a cash dividend of $0.035 per share to common stockholders of record on March 26, 2018. The dividend was paid on April 5, 2018.
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 the Company’s Sponsors (“Special Dividend”).
Accumulated Other Comprehensive Loss
During the three months ended March 31, 2018, the Company did not record any material reclassifications out of accumulated other comprehensive loss.
Other
As discussed in Note 1 “Basis of Presentation and Summary of Significant Accounting Policies”, the opening balance of stockholders’ equity for the three months ended March 31, 2018 includes $34 million, net of tax, attributable to the cumulative effect of the adoption of the new revenue recognition standard.