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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 337 $ 292
Receivables, less allowance of $3 and $4, respectively 6 5
Prepaid expenses and other current assets 38 33
Total Current Assets 381 330
Other Assets:    
Property and equipment, net 66 66
Goodwill 503 503
Intangible assets, net 146 148
Operating lease right-of-use assets 10 11
Deferred customer acquisition costs 17 16
Other assets 6 8
Total Assets 1,128 1,082
Current Liabilities:    
Accounts payable 82 80
Accrued liabilities:    
Payroll and related expenses 19 22
Home service plan claims 81 103
Other 29 21
Deferred revenue 167 121
Current portion of long-term debt 17 17
Total Current Liabilities 396 364
Long-Term Debt 588 592
Other Long-Term Liabilities:    
Deferred tax liabilities, net 37 39
Operating lease liabilities 17 18
Other long-term liabilities 8 8
Total Other Long-Term Liabilities 62 65
Commitments and Contingencies (Note 7)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,294,094 shares issued and 81,723,843 shares outstanding as of March 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 92 90
Retained earnings 146 124
Accumulated other comprehensive income 6 8
Less treasury stock, at cost; 4,570,251 shares as of March 31, 2023 and 4,562,530 shares as of December 31, 2022 (162) (162)
Total Shareholders' Equity 83 61
Total Liabilities and Shareholders' Equity $ 1,128 $ 1,082