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Other Financial Data | 6 Months Ended
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Jun. 30, 2025
Other Financial Data [Abstract] |
Other Financial Data | 5. Other Financial Data Condensed Consolidated Balance Sheets Information Receivables, net The components of Receivables, net are as follows (in millions):
| June 30, 2025 |  | December 31, 2024
Billed and unbilled receivables | $ | 420 |  |  | $ | 480 |
Allowance for expected credit losses | (9) |  |  | (9) |
Balance at end of period | $ | 411 |  |  | $ | 471 |
Other current assets The components of Other current assets are as follows (in millions):
| June 30, 2025 |  | December 31, 2024
Deferred project costs | $ | 25 |  |  | $ | 23 |
Prepaid expenses | 42 |  |  | 56 |
Commissions receivable | 41 |  |  | 89 |
Other | 52 |  |  | 46 |
Total | $ | 160 |  |  | $ | 214 |
Other assets The components of Other assets are as follows (in millions):
| June 30, 2025 |  | December 31, 2024
Deferred project costs | $ | 273 |  |  | $ | 263 |
Operating lease right of use asset | 40 |  |  | 42 |
Commissions receivable | 13 |  |  | 15 |
Other | 53 |  |  | 102 |
Total | $ | 379 |  |  | $ | 422 |
The current and non-current portions of deferred project costs relate to costs to obtain and fulfill contracts (see Note 3 “Revenue from Contracts with Customers”). Total amortization expense related to deferred project costs was $7 million and $6 million for the three months ended June 30, 2025 and 2024, respectively, and was $13 million and $12 million for the six months ended June 30, 2025 and 2024, respectively, and were recorded in Cost of services, exclusive of depreciation and amortization in the accompanying Condensed Consolidated Statements of Comprehensive Income (Loss). Other current assets and Other assets include the fair value of outstanding derivative instruments related to interest rate swaps. The interest rate swap balances in Other current assets as of June 30, 2025 and December 31, 2024 were $12 million and $23 million, respectively. As of June 30, 2025 and December 31, 2024, the interest rate swap balances in Other assets were $2 million and $8 million, respectively (see Note 13 “Derivative Financial Instruments” for additional information). As of June 30, 2025 and December 31, 2024, the balances in Other assets included $40 million and $37 million, respectively, related to the Seller Note. As of June 30, 2025 and December 31, 2024, the balance in Other assets also included the fair value of the Additional Seller Note of zero and $50 million, respectively (see Note 4 "Discontinued Operations" and Note 14 "Financial Instruments" for additional information). Other current liabilities The components of Other current liabilities are as follows (in millions):
| June 30, 2025 |  | December 31, 2024
Deferred revenue | $ | 86 |  |  | $ | 91 |
Operating lease liabilities | 18 |  |  | 17 |
Finance lease liabilities | 20 |  |  | 19 |
Other | 231 |  |  | 146 |
Total | $ | 355 |  |  | $ | 273 |
Other liabilities The components of Other liabilities are as follows (in millions):
| June 30, 2025 |  | December 31, 2024
Deferred revenue | $ | 38 |  |  | $ | 40 |
Operating lease liabilities | 55 |  |  | 56 |
Finance lease liabilities | 34 |  |  | 39 |
Other | 21 |  |  | 23 |
Total | $ | 148 |  |  | $ | 158 |
The current and non-current portions of deferred revenue relate to consideration received in advance of performance under client contracts. During the six months ended June 30, 2025 and 2024, revenue of approximately $46 million and $48 million was recognized that wa s recorded as deferred revenue at the beginning of each period, respectively. Other current liabilities as of June 30, 2025 and December 31, 2024 include the current portion of the tax receivable agreement liability of $189 million and $100 million, respectively (see Note 15 "Tax Receivable Agreement" for additional information). Other current liabilities and Other liabilities include the fair value of outstanding derivative instruments related to interest rate swaps. There were no interest rate swaps recorded in Other current liabilities as of both June 30, 2025 and December 31, 2024. The interest rate swap balance in Other liabilities as of June 30, 2025 was $1 million. There were no interest rate swaps recorded in Other liabilities as of December 31, 2024 (see Note 13 “Derivative Financial Instruments” for additional information).

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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