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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 603,000,000 $ 566,000,000
Receivables, less allowance of $3 and $4, respectively 10,000,000 10,000,000
Prepaid expenses and other current assets 43,000,000 44,000,000
Contract assets 0 0
Assets held for sale 4,000,000 4,000,000
Total Current Assets 661,000,000 624,000,000
Other Assets:    
Property and equipment, net 54,000,000 57,000,000
Goodwill 959,000,000 959,000,000
Intangible assets, net 386,000,000 398,000,000
Operating lease right-of-use assets 7,000,000 7,000,000
Deferred reinsurance 65,000,000 66,000,000
Deferred customer acquisition costs 15,000,000 14,000,000
Other assets 18,000,000 17,000,000
Total Assets 2,164,000,000 2,142,000,000
Current Liabilities:    
Accounts payable 87,000,000 89,000,000
Accrued liabilities:    
Payroll and related expenses 32,000,000 47,000,000
Home warranty claims 64,000,000 69,000,000
Income taxes payable 35,000,000 26,000,000
Other 30,000,000 34,000,000
Deferred revenue 173,000,000 107,000,000
Current portion of long-term debt 29,000,000 29,000,000
Total Current Liabilities 451,000,000 402,000,000
Long-Term Debt 1,138,000,000 1,144,000,000
Other Long-Term Liabilities:    
Deferred tax liabilities, net 54,000,000 53,000,000
Operating lease liabilities 17,000,000 18,000,000
Unearned insurance premium 235,000,000 236,000,000
Long-term deferred revenue 18,000,000 19,000,000
Other long-term liabilities 22,000,000 27,000,000
Total Other Long-Term Liabilities 345,000,000 354,000,000
Commitments and Contingencies (Note 7)
Shareholders' Equity:    
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 89,008,654 shares issued and 70,527,394 shares outstanding as of March 31, 2026 and 88,480,560 shares issued and 70,958,215 shares outstanding as of December 31, 2025 1,000,000 1,000,000
Additional paid-in capital 199,000,000 195,000,000
Retained earnings 826,000,000 785,000,000
Accumulated other comprehensive loss (8,000,000) (12,000,000)
Less treasury stock, at cost; 18,481,260 shares as of March 31, 2026 and 17,522,345 shares as of December 31, 2025 (787,000,000) (727,000,000)
Total Shareholders' Equity 230,000,000 242,000,000
Total Liabilities and Shareholders' Equity $ 2,164,000,000 $ 2,142,000,000