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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 551 $ 428
Marketable securities 0 7
Receivables, less allowance of $2 in each period 10 11
Contract asset 47 0
Prepaid expenses and other assets 16 16
Total Current Assets 624 461
Other Assets:    
Property and equipment, net 62 51
Goodwill 512 501
Intangible assets, net 173 191
Operating lease right-of-use assets 15 17
Deferred customer acquisition costs 18 18
Other assets 3 11
Total Assets 1,407 1,250
Current Liabilities:    
Accounts payable 69 48
Accrued liabilities:    
Payroll and related expenses 24 17
Home service plan claims 95 66
Interest payable 3 9
Other 36 29
Deferred revenue 179 188
Current portion of long-term debt 7 7
Total Current Liabilities 412 364
Long-Term Debt 969 973
Other Long-Term Liabilities:    
Deferred taxes 38 45
Operating lease liabilities 18 20
Other long-term obligations 40 27
Total Other Long-Term Liabilities 96 92
Commitments and Contingencies (Note 9)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 85,444,714 shares issued and outstanding at September 30, 2020 and 85,309,260 shares issued and outstanding at December 31, 2019 1 1
Additional paid-in capital 41 29
Accumulated deficit (77) (188)
Accumulated other comprehensive loss (36) (21)
Total Deficit (71) (179)
Total Liabilities and Shareholders' Equity $ 1,407 $ 1,250