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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 425 $ 296
Marketable securities 7 9
Receivables, less allowance of $2 in each period 8 12
Contract asset 37 0
Prepaid expenses and other assets 12 13
Total Current Assets 489 330
Other Assets:    
Property and equipment, net 49 47
Goodwill 477 476
Intangible assets, net 155 158
Operating lease right-of-use assets 17 0
Deferred customer acquisition costs 18 21
Other assets 11 10
Total Assets 1,217 1,041
Current Liabilities:    
Accounts payable 55 41
Accrued liabilities:    
Payroll and related expenses 15 10
Home service plan claims 78 67
Interest payable 3 9
Other 35 26
Deferred revenue 180 185
Current portion of long-term debt 7 7
Total Current Liabilities 373 345
Long-Term Debt 974 977
Other Long-Term Liabilities:    
Deferred taxes 37 39
Operating lease liabilities 20 0
Other long-term obligations 31 24
Total Other Long-Term Liabilities 89 63
Commitments and Contingencies (Note 8)
Shareholders' Equity:    
Common stock, $.01 par value; 2,000,000,000 shares authorized; 84,657,602 shares issued and outstanding at September 30, 2019 and 84,545,152 shares issued and outstanding at December 31, 2018. 1 1
Additional paid-in capital 8 1
Accumulated deficit (202) (336)
Accumulated other comprehensive loss (25) (9)
Total Deficit (219) (344)
Total Liabilities and Shareholders' Equity $ 1,217 $ 1,041