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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 344 $ 292
Receivables, less allowance of $4 and $4, respectively 6 5
Prepaid expenses and other current assets 27 33
Contract asset 14  
Total Current Assets 391 330
Other Assets:    
Property and equipment, net 66 66
Goodwill 503 503
Intangible assets, net 145 148
Operating lease right-of-use assets 9 11
Deferred customer acquisition costs 14 16
Other assets 8 8
Total Assets 1,136 1,082
Current Liabilities:    
Accounts payable 78 80
Accrued liabilities:    
Payroll and related expenses 20 22
Home service plan claims 108 103
Other 34 21
Deferred revenue 107 121
Current portion of long-term debt 17 17
Total Current Liabilities 365 364
Long-Term Debt 584 592
Other Long-Term Liabilities:    
Deferred tax liabilities, net 31 39
Operating lease liabilities 16 18
Other long-term liabilities 8 8
Total Other Long-Term Liabilities 56 65
Commitments and Contingencies (Note 8)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 86,437,468 shares issued and 80,793,358 shares outstanding as of June 30, 2023 and 86,079,773 shares issued and 81,517,243 shares outstanding as of December 31, 2022 1 1
Additional paid-in capital 101 90
Retained earnings 216 124
Accumulated other comprehensive income 9 8
Less treasury stock, at cost; 5,644,110 shares as of June 30, 2023 and 4,562,530 shares as of December 31, 2022 (196) (162)
Total Shareholders' Equity 131 61
Total Liabilities and Shareholders' Equity $ 1,136 $ 1,082