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Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Revenue [Abstract]

Disaggregation of Revenue from Contracts with Customers

Revenue by major customer acquisition channel for our home warranties and other revenue is as follows:


		Three Months Ended										Six Months Ended
		June 30,										June 30,
(In millions)		2026					2025					2026					2025
Renewals		$		479			$		461			$		830			$		794
Real estate(1)				45					44					73					71
Direct-to-consumer(1)				55					56					85					88
Non-warranty and other				67					56					108					90
Total		$		645			$		617			$		1,096			$		1,043

(1)

First-year revenue only.

Change in Deferred Revenue

A summary of the changes in deferred revenue, including the long-term portion, for the six months ended June 30, 2026 is as follows:


(In millions)
Balance as of December 31, 2025		$		126
Deferral of revenue				109
Recognition of deferred revenue				(117	)
Balance as of June 30, 2026		$		118