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Fair Value Measurement (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The Company’s financial assets and liabilities measured at fair value on a recurring basis are as follows (in millions):
| June 30, 2025
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | 14 |  |  | $ | — |  |  | $ | 14 |
Additional seller note | — |  |  | — |  |  | — |  |  | — |
Total assets recorded at fair value | $ | — |  |  | $ | 14 |  |  | $ | — |  |  | $ | 14 |
Liabilities |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Seller earnouts liability | — |  |  | — |  |  | 21 |  |  | 21 |
Tax receivable agreement liability (1) | — |  |  | — |  |  | 556 |  |  | 556 |
Total liabilities recorded at fair value | $ | — |  |  | $ | 1 |  |  | $ | 577 |  |  | $ | 578 |
| December 31, 2024
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | 31 |  |  | $ | — |  |  | $ | 31 |
Additional seller note | — |  |  | — |  |  | 50 |  |  | 50 |
Total assets recorded at fair value | $ | — |  |  | $ | 31 |  |  | $ | 50 |  |  | $ | 81 |
Liabilities |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Contingent consideration liability | — |  |  | — |  |  | 6 |  |  | 6 |
Seller earnouts liability | — |  |  | — |  |  | 51 |  |  | 51 |
Tax receivable agreement liability (1) | — |  |  | — |  |  | 620 |  |  | 620 |
Total liabilities recorded at fair value | $ | — |  |  | $ | — |  |  | $ | 677 |  |  | $ | 677 |
_________________________________________________________ (1)Excludes the portion of liability related to the exchanges of Class A Units not measured at fair value on a recurring basis.
Schedule of Financial Liabilities Not Measured at Fair Value on Recurring Basis | The fair value of the Company’s debt is classified as Level 2 and the Seller note is classified as Level 3 within the fair value hierarchy and corroborated by observable market data is as follows (in millions):
| June 30, 2025 |  | December 31, 2024
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Assets |  |  |  |  |  |  |
Seller note | $ | 40 |  |  | $ | 42 |  |  | $ | 37 |  |  | $ | 37 |
Total assets | $ | 40 |  |  | $ | 42 |  |  | $ | 37 |  |  | $ | 37 |
Liabilities |  |  |  |  |  |  |
Current portion of long-term debt, net | $ | 20 |  |  | $ | 20 |  |  | $ | 25 |  |  | $ | 25 |
Long-term debt, net | 1,995 |  |  | 1,985 |  |  | 2,000 |  |  | 2,008 |
Total | $ | 2,015 |  |  | $ | 2,005 |  |  | $ | 2,025 |  |  | $ | 2,033 |

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- Definition Tabular disclosure of information about fair value of asset and liability not measured at fair value. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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