Terminix Global (TMX) 10-Q 2 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 25, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	SERVICEMASTER GLOBAL HOLDINGS INC
Entity Central Index Key	1,428,875
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		135,407,537
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	serv

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]
Revenue	$ 675	$ 643
Cost of services rendered and products sold	361	346
Selling and administrative expenses	197	186
Amortization expense	5	7
Fumigation related matters		1
Impairment of software and other related costs		2
Restructuring charges	12	2
American Home Shield spin-off charges	7
Interest expense	37	37
Income from Continuing Operations before Income Taxes	54	62
Provision for income taxes	14	24
Income from Continuing Operations	40	38
Income from discontinued operations, net of income taxes		1
Net Income	40	39
Total Comprehensive Income	$ 50	$ 40
Weighted-average common shares outstanding - Basic	135.2	134.5
Weighted-average common shares outstanding - Diluted	135.6	136
Basic Earnings Per Share:
Income from Continuing Operations (in dollars per share)	$ 0.30	$ 0.28
Income from discontinued operations, net of income taxes (in dollars per share)
Net Income (in dollars per share)	0.30	0.29
Diluted Earnings Per Share:
Income from Continuing Operations (in dollars per share)	0.30	0.28
Income from discontinued operations, net of income taxes (in dollars per share)
Net Income (in dollars per share)	$ 0.30	$ 0.29

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 411	$ 475
Marketable securities	25	25
Receivables, less allowances of $22 and $23, respectively	169	570
Inventories	44	41
Prepaid expenses and other assets	90	94
Deferred customer acquisition costs		36
Total Current Assets	739	1,242
Other Assets:
Property and equipment, net	239	237
Goodwill	2,353	2,256
Intangible assets, primarily trade names, service marks and trademarks, net	1,742	1,692
Restricted cash	89	89
Notes receivable	41	41
Long-term marketable securities	21	22
Deferred customer acquisition costs	78
Other assets	80	68
Total Assets	5,383	5,646
Current Liabilities:
Accounts payable	126	115
Accrued liabilities:
Payroll and related expenses	53	63
Self-insured claims and related expenses	100	117
Accrued interest payable	18	15
Other	81	56
Deferred revenue	318	663
Current portion of long-term debt	64	144
Total Current Liabilities	761	1,174
Long-Term Debt	2,676	2,643
Other Long-Term Liabilities:
Deferred taxes	521	493
Other long-term obligations, primarily self-insured claims	185	169
Total Other Long-Term Liabilities	706	662
Commitments and Contingencies (Note 5)
Stockholders' Equity:
Common stock $0.01 par value (authorized 2,000,000,000 shares with 146,906,996 shares issued and 135,384,626 outstanding at March 31, 2018 and 146,662,232 shares issued and 135,141,048 outstanding at December 31, 2017)	2	2
Additional paid-in capital	2,328	2,321
Accumulated deficit	(841)	(895)
Accumulated other comprehensive income	17	5
Less common stock held in treasury, at cost (11,522,370 shares at March 31, 2018 and 11,521,184 shares at December 31, 2017)	(267)	(267)
Total Stockholders' Equity	1,239	1,167
Total Liabilities and Stockholders' Equity	$ 5,383	$ 5,646

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Condensed Consolidated Statements of Financial Position [Abstract]
Allowance for receivables (in dollars)	$ 22	$ 23
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	146,906,996	146,662,232
Common stock, shares outstanding (in shares)	135,384,626	135,141,048
Treasury stock (in shares)	11,522,370	11,521,184

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Consolidated Statements of Cash Flows [Abstract]
Cash and Cash Equivalents and Restricted Cash at Beginning of Period	$ 563	$ 386
Cash Flows from Operating Activities from Continuing Operations:
Net Income	40	39
Adjustments to reconcile net income to net cash provided from operating activities:
Income from discontinued operations, net of income taxes		(1)
Depreciation expense	20	18
Amortization expense	5	7
Amortization of debt issuance costs	1	1
Fumigation related matters		1
Payments on fumigation related matters		(1)
Impairment of software and other related costs		2
Deferred income tax provision	2
Stock-based compensation expense	4	5
Restructuring charges	12	2
Payments for restructuring charges	(4)	(2)
American Home Shield spin-off charges	7
Payments for American Home Shield spin-off charges	(3)
Other	9	3
Change in working capital, net of acquisitions:
Receivables	21	36
Inventories and other current assets	(9)	(4)
Accounts payable	8	(4)
Deferred revenue	40	15
Accrued liabilities	(27)	(16)
Accrued interest payable	3	3
Current income taxes	12	23
Net Cash Provided from Operating Activities from Continuing Operations	142	126
Cash Flows from Investing Activities from Continuing Operations:
Property additions	(23)	(18)
Government grant fundings for property additions	1
Business acquisitions, net of cash acquired	(92)	(11)
Purchases of available-for-sale securities	(9)	(3)
Sales and maturities of available-for-sale securities	10
Origination of notes receivable	(23)	(25)
Collections on notes receivable	24	26
Net Cash Used for Investing Activities from Continuing Operations	(112)	(31)
Cash Flows from Financing Activities from Continuing Operations:
Payments of debt	(95)	(14)
Repurchase of common stock and RSU vesting		(51)
Issuance of common stock	2	5
Net Cash Used for Financing Activities from Continuing Operations	(93)	(60)
Cash Flows from Discontinued Operations:
Cash provided from operating activities		1
Net Cash Provided from Discontinued Operations		1
Cash (Decrease) Increase During the Period	(64)	37
Cash and Cash Equivalents and Restricted Cash at End of Period	$ 500	$ 423

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation ServiceMaster Global Holdings, Inc. and its majority-owned subsidiary partnerships, limited liability companies and corporations (collectively, “ServiceMaster,” the “Company,” “we,” “us, and “our”) is a leading provider of essential residential and commercial services. The Company’s services include termite and pest control, home service plans, disaster restoration, janitorial, residential cleaning, cabinet and wood furniture repair and home inspection. The Company provides these services through an extensive service network of company-owned, franchised and licensed locations operating primarily under the following leading brands: Terminix, American Home Shield, ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. All consolidated Company subsidiaries are wholly-owned. Intercompany transactions and balances have been eliminated. The unaudited condensed consolidated financial statements have been prepared by the Company in accordance with generally accepted accounting principles in the United States (“GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). The Company recommends that the quarterly unaudited condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the SEC (the “2017 Form 10-K”). The unaudited condensed consolidated financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for any interim period are not indicative of the results that might be achieved for a full year. American Home Shield Spin-off On July 26, 2017, the Company announced that it intends to separate its American Home Shield business from its Terminix and Franchise Services Group businesses by means of a spin-off of the American Home Shield business to Company stockholders, resulting in two publicly traded companies. The spin-off would create two independent companies, each with an enhanced strategic focus, simplified operating structure, distinct investment identity and strong financial profile. The transaction is expected to be completed in the third quarter of 2018, subject to satisfaction of customary conditions, including the effectiveness of a Registration Statement on Form 10, receipt of a favorable ruling from the IRS concerning certain tax matters and final approval by the Company’s board of directors, and it is intended to qualify as a tax-free distribution to the Company’s stockholders for U.S. federal income tax purposes.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies The Company’s significant accounting policies are described in Note 2 to the audited consolidated financial statements included in the Company’s 2017 Form 10-K. The significant accounting policy for revenue has been updated herein for the adoption of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, “ Revenue from Contracts with Customers ” discussed below. There have been no other material changes to the significant accounting policies for the three months ended March 31, 2018. Adoption of New Accounting Standards In January 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-01, “ Recognition and Measurement of Financial Assets and Financial Liabilities ” to change how entities measure certain equity investments, to require the disclosure of changes in the fair value of financial liabilities measured under the fair value option that are attributable to a company’s own credit, and to change certain other disclosure requirements. The changes in ASU 2016-01 specifically require that the changes in fair value of all investments in equity securities be recognized in net income. In March 2018, FASB issued an amendment to this standard (ASU No. 2018-03), which provides further clarification regarding this standard. The Company adopted this ASU on January 1, 2018. As a result of the adoption, approximately $ 1 million of losses related to the Company’s equity investments were recognized in Net income for the quarter ended March 31, 2018, and approximately $2 million was reclassified from Accumulated other comprehensive income (“AOCI”) to Accumulated deficit related to unrealized gains on available-for-sale equity securities. Additionally, the Company holds minority interests in several strategic investments which do not have readily determinable fair values. The carrying amount of these investments at March 31, 2018 is approximately $4 million. These investments are recorded at cost and will be remeasured upon the occurrence of observable price changes or impairments. No adjustments to the carrying amount were made during the period. In January 2017, the FASB issued ASU 2017-01, “ Business Combinations (Topic 805): Clarifying the Definition of a Business .” The ASU clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses by providing a screen to determine when an integrated set of assets or activities is not a business. The Company adopted this ASU on January 1, 2018. The consolidated financial statements may be impacted if an acquisition does not qualify as a business combination under the ASU. Such acquisitions would be accounted for as asset purchases. In May 2017, the FASB issued ASU 2017-09, “ Stock Compensation – Scope of Modification Accounting .” The ASU clarifies the scope of modification accounting for share-based payment arrangements. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions and classification of the awards are the same immediately before and after the modification. The Company adopted this ASU on January 1, 2018 and will apply the guidance prospectively to awards modified on or after the adoption date. In February 2018, the FASB issued ASU 2018-02, “ Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ” allowing a reclassification from AOCI to Retained Earnings for stranded tax effects resulting from the corporate income tax rate change in the Tax Cuts and Jobs Act (the “Act” or “U.S. Tax Reform”). It is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. As allowed by the ASU, the Company elected to early adopt the amendments of this ASU and has reclassified approximately $4 million of unrealized losses from AOCI to Accumulated deficit. Following are the results of the adoption of these standards on the Company’s consolidated statements of stockholders’ equity previously reported:   (In millions) Accumulated other comprehensive income Accumulated deficit  As reported, December 31, 2017 $ 5 $ (895)  Impact of adopting ASC 606 — 16  Impact of adopting ASU 2016-01 (2) 2  Impact of adopting ASU 2018-02 4 (4)  As revised, January 1, 2018 $ 7 $ (881) Accounting Standards Issued But Not Yet Effective In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) ” which is the final standard on accounting for leases. While both lessees and lessors are affected by the new guidance, the effects on lessees are much more significant. The most significant change for lessees is the requirement under the new guidance to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases. Entities are required to use a modified retrospective approach to adopt the guidance. The amendments in ASU 2016-02 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on the Company’s consolidated financial statements and currently expects that most of the operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon adoption of ASU 2016-02, which will increase the amount of total assets and total liabilities that is reported relative to such amounts prior to adoption. In August 2017, the FASB issued ASU 2017-12, “Der ivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities .” The ASU simplifies certain aspects of hedge accounting and improves disclosures of hedging arrangements through the elimination of the requirement to separately measure and report hedge ineffectiveness. The ASU generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item in order to align financial reporting of hedge relationships with economic results. Entities must apply the amendments to cash flow and net investment hedge relationships that exist on the date of adoption using a modified retrospective approach. The presentation and disclosure requirements must be applied prospectively. The Company is currently evaluating the impact of the adoption of ASU 2017-12, including transition elections and required disclosures, on the Company’s consolidated financial statements. The Company has reviewed all other recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations. Adoption of ASC Topic 606, “Revenue from Contracts with Customers” On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605. The Company implemented internal controls and system functionality where necessary to enable the preparation of financial information on adoption. Revenue Recognition The following table presents the Company’s reportable segment revenues, disaggregated by revenue source. T he Company disaggregates revenue from contracts with customers into major product lines. The Company determines that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 14, the Company’s reportable segments are Terminix, American Home Shield and Franchise Services Group.    Terminix American Home Shield Franchise Services Group Total  Three months ended March 31, Three months ended March 31, Three months ended March 31, Three months ended March 31,  (In millions) 2018 2017 2018 2017 2018 2017 2018 2017  Major service line  Pest Control $ 202 $ 202 $ — $ — $ — $ — $ 202 $ 202  Termite and Other Services 151 149 — — — — 151 149  Home Service Plans — — 247 227 — — 247 227  Royalty Fees — — — — 33 31 33 31  Janitorial National Accounts — — — — 15 11 15 11  Sales of Products and Other 15 14 — — 12 7 27 21  Corporate — — — — — — — 1  Total $ 368 $ 365 $ 247 $ 227 $ 60 $ 50 $ 675 $ 643 At contract inception, the Company assesses the goods and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer to the customer a good or service (or a bundle of goods and services) that is distinct. To identify the performance obligation, the Company considers all of the goods and services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. Terminix segment Pest control services Pest control services can be for one-time or recurring services. Revenues from pest control services are recognized at the agreed-upon contractual amount over time as the services are provided, most of which are started and completed within one day, as the customer simultaneously receives and consumes the benefits of the services as they are performed. Upon completion of service, a receivable is recorded related to this revenue as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after services have been rendered. Termite services The Company eradicates termites through the use of baiting systems and non-baiting methods (e.g., fumigation or liquid treatments). Termite services using liquid and baiting systems are sold through annual renewable contracts. The Company also performs other termite and related services, which may be one-time or renewable services. Revenue for termite services are recognized at the agreed-upon contractual amount upon the completion of the service. All termite services are generally started and completed within one day. Upon completion of the service, a receivable is recorded related to this revenue as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after services have been rendered. Most termite services can be renewed after the initial year. Revenue on renewal contracts is recognized upon completion of an annual inspection and receipt of payment from the customer which evidences the extension of the contract into a renewal period. Advanced r enewal payments generate a contract liability and are deferred until the related renewal period. Termite inspection and protection contracts are frequently sold through annual contracts. For these contracts, the Company has a stand ready obligation of which the customer receives and consumes the benefits over the annual period. Associated service costs are expensed as incurred. The Company measures progress toward satisfaction of its stand ready obligation over time using costs incurred as the measure of progress under the input method, which results in straight-line recognition of revenue. Payments are received at the commencement of the contract, which generates a contract liability, or in installments over the contract period. Sales of products and other Product revenues are generated from selling product to distributors and franchisees. Revenues from product sales are generally recognized once control of the products transfers to the customer. A receivable is recorded related to these sales as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after a customer is invoiced. American Home Shield segment Home service plans Home service plan contracts are sold through annual renewable contracts and customer payments are received at the commencement of the contract or in installments over the contract period, which generates a contract liability. The Company recognizes revenue related to these contracts at the agreed-upon contractual amount over time using the input method in proportion to the costs expected to be incurred in performing services under the contracts. As the costs to fulfill the obligations of the service plan contracts are incurred on an other than straight-line basis, the Company utilizes historical evidence to estimate the expected claims expense and related timing of such costs. This adjustment to the straight-line revenue creates a contract asset or contract liability. The Company regularly reviews its estimates of claims costs and adjusts the estimates when appropriate. Franchise Services Group segment Royalty fees The Company has franchise agreements in its ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec businesses. Royalty fee revenue consists principally of sales-based royalties received as part of the consideration for the franchise right and is calculated as a percentage of customer level revenue. Revenue is recognized by the Company at the agreed-upon contractual rates over time as the customer level revenue is generated by the franchisees. A receivable is recognized for an estimate of the unreported royalty fees, which are reported and remitted to the Company in arrears. Janitorial national accounts National account revenues are recognized at the agreed-upon contractual amounts over time as services are completed based on contractual arrangements to provide services at the customers’ locations. The Company engages either a franchisee or non-franchisee business to perform the services. Under these agreements, the Company is directly responsible for providing the services and receives payment directly from the customer. A receivable is recorded related to this revenue as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after services have been rendered. Sales of products and other Product revenues are generated from selling product to franchisees. Revenues from product sales are generally recognized once control of the products transfers to the customer. A receivable is recorded related to these sales as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after a customer is invoiced. Initial franchise fees result from the sale of a franchise license, which includes the use of the name, trademarks and proprietary methods. The franchise license is considered symbolic intellectual property and revenue related to the sale of this right is recognized at the agreed-upon contractual amount over the term of the initial franchise agreement. Franchisees contribute a percentage of customer level revenue into a national advertising fund managed by the Company. In cases where the Company has ultimate control of the marketing and advertising, the Company recognizes both revenue and expense for the amount earned. Prior to the adoption of ASC 606, this revenue was recorded net of the advertising expense incurred. The impact to revenues as a result of applying ASC 606 was an increase of $3 million for the three months ended March 31, 2018. In addition, the Company has contractual arrangements with several national insurance companies to maintain a call center which receives and provides non-recurring disaster recovery and restoration referrals from the insurers to qualifying franchisees. The Company receives a referral fee from the franchisee. The Company recognizes the referral fee at the agreed-upon contractual amount as revenue in the month the referral was issued. Costs to obtain a contract with a customer Terminix and American Home Shield The Company capitalizes the incremental costs of obtaining a contract with a customer, primarily commissions, and recognizes the expense on a straight-line basis over the expected customer relationship period. As of January 1, 2018, the date the Company adopted ASC 606, the Company capitalized a total of $61 million at Terminix and $21 million at American Home Shield in deferred customer acquisition costs related to contracts that were not completed. In the three months ended March 31, 2018 , the amount of amortization was $16 million at Terminix and $4 million at American Home Shield and there was no impairment loss in relation to costs capitalized. Franchise Services Group The Company capitalizes the incremental costs of selling a new franchise license, primarily commissions, and recognizes the expense over the term of the initial franchise agreement. As of January 1, 2018, the date the Company adopted ASC 606, the Company capitalized a total of $1 million in deferred customer acquisition costs related to contracts that were not completed. In the three months ended March 31, 2018, the amount of amortization was less than $1 million and there was no impairment loss in relation to costs capitalized.  Contract balances Timing of revenue recognition may differ from the timing of invoicing to customers. Contracts with customers are generally for a period of one year or less, and are generally renewable. The Company records a receivable related to revenue recognized on services once the Company has an unconditional right to invoice and receive payment in the future related to the services provided. All accounts receivables are recorded within Receivables, less allowances, on the condensed consolidated statements of financial position. Notes receivable, which represent amounts financed for customers through the Company’s financing subsidiary, are included within Receivables, less allowances, on the condensed consolidated statement of financial position and totaled $35 million as of March 31, 2018. Deferred revenue represents a contract liability and is recognized when cash payments are received in advance of the performance of services, including when the amounts are refundable. For Terminix, amounts are recognized as revenue upon completion of services. For American Home Shield, amounts are recognized as revenue in proportion to the costs expected to be incurred in performing services under the Company’s contracts. Deferred revenue by segment was as follows (in millions):    As of As of  (In millions) March 31, 2018 December 31, 2017  Terminix $ 96 $ 90  American Home Shield (1) 218 573  Franchise Services Group (2) 11 —  Total $ 325 $ 663 (1) Includes a net contract liability of $38 million as of March 31, 2018 related to the recognition of American Home Shield monthly pay customer revenue on an other than straight-line basis to match the timing of cost recognition. (2) Includes approximately $7 million of Franchise Services Group Deferred revenue included within Other long-term obligations, primarily self-insurance claims on the condensed consolidated statement of financial position as of March 31, 2018. Changes in deferred revenue for the three months ended March 31, 2018 were as follows (in millions):    (In millions) Deferred revenue  Balance, January 1, 2018 $ 284  Deferral of revenue 165  Recognition of deferred revenue (124)  Balance, March 31, 2018 $ 325  There was approximately $ 104 million of revenue recognized in the three months ended March 31, 2018, that was included in the deferred revenue balance as of January 1, 2018. Arrangements with Multiple Performance Obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, we allocate revenue to each performance obligation based on its relative standalone selling price. Any discounts given are allocated to the services to which the discounts relate. Practical Expedients and Exemptions The Company offers certain interest-free contracts to customers where payments are received over a period not exceeding one year. Additionally, certain Terminix customers may pay in advance for services and American Home Shield customers have the option to pay for an annual home service plan in advance. The Company does not adjust the promised amount of consideration for the effects of these financing components. At contract inception, the period of time between the performance of services and the customer payment is one year or less. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to taxing authorities. The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. Certain non-commission related incremental costs to obtain a contract with a customer are expensed as incurred because the amortization period would have been one year or less. These costs are recorded within Selling and administrative expenses on the condensed consolidated statements of operations and comprehensive income. The Company utilizes the portfolio approach to recognize revenue in situations where a portfolio of contracts have similar characteristics. The revenue recognized under the portfolio approach is not materially different than if every individual contract in the portfolio was accounted for separately. Impact of ASC 606 on the Condensed Consolidated Financial Statements The Company recorded a net reduction to opening retained earnings of $16 million, net of tax, as of January 1, 2018 due to the cumulative impact of adopting ASC 606. Changes to the condensed consolidated statements of operations and comprehensive income include: i) c osts of obtaining a contract that would have been incurred regardless of whether the contract was obtained, such as direct mail and digital advertising, are now expensed as incurred; ii) initial fees and the related commissions from sales of franchise licenses, previously recognized in the year of the sale, are now recognized over the term of the initial franchise agreement; iii) Franchise Services Group national advertising fund income, previously recorded net of advertising expense incurred for the Company’s advertising programs, will now be reported gross, generally with offsetting increases to both revenue and expense such that there will not be a significant, if any, impact on net income; and iv) commissions costs at Terminix and American Home Shield incremental to a successful sale are deferred and recognized over the expected customer relationship period. Previously, commissions and other sales-related costs were deferred and recognized over the initial contract period. Changes to the condensed consolidated statements of financial position include: i) the reclassification of Receivables to contract assets which are presented net of contract liabilities within Deferred revenue and ii) the reclassification of Deferred customer acquisition costs to long-term assets as costs are recognized over the expected customer relationship period , which is in excess of one year. Previously, when a customer elected to pay for their home service plan contract on a monthly basis, Receivables and Deferred revenue were recorded based on the total amount due from the customer. Receivables were reduced as amounts were paid, and the Deferred revenue was amortized over the life of the contract. Currently, only the portion of the contract that is due in the current month will be recorded within Receivables. The following tables compare affected lines of the condensed consolidated financial statements as prepared under the provisions of ASC 606 to a presentation of these financial statements under the prior revenue recognition guidance:    As of March 31, 2018  Condensed Consolidated Statement of Financial Position As reported Under Prior Revenue Recognition Guidance  Current Assets:  Receivables $ 169 $ 538  Prepaid expenses and other assets 90 102  Deferred customer acquisition costs — 33  Other Assets:  Deferred customer acquisition costs 78 —  Total Assets $ 5,383 $ 5,717   Current Liabilities:  Deferred revenue $ 318 $ 683  Other Long-Term Liabilities:  Deferred taxes 521 511  Other long-term obligations, primarily self-insured claims 185 179  Total Liabilities 4,143 4,491   Accumulated deficit (841) (857)  Accumulated other comprehensive income 17 17  Net Income 40 43  Liabilities and Equity $ 5,383 $ 5,717    Three months ended March 31, 2018  Condensed Consolidated Statement of Operations and Comprehensive Income As reported Under Prior Revenue Recognition Guidance  Revenue $ 675 $ 672  Cost of services rendered and products sold 361 361  Selling and administrative expenses 197 203  Provision for income taxes 14 15  Net Income $ 40 $ 43 The adoption of ASC 606 had no significant impact on the Company’s cash flows. The aforementioned impacts resulted in offsetting shifts in cash flows from operations between net income and various change in working capital line items .

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2018
Restructuring Charges [Abstract]
Restructuring Charges	Note 3. Restructuring Charges The Company incurred restructuring charges of $12 million ( $9 million, net of tax) and $2 million ( $1 million, net of tax) in the three months ended March 31, 2018 and 2017, respectively. Restructuring charges were comprised of the following:      Three Months Ended  March 31,  (In millions) 2018 2017  Terminix (1) $ 2 $ —  Corporate (2) 3 —  Leadership transition (3) — 1  Global Service Center relocation (4) 7 1  Total restructuring charges $ 12 $ 2 ___________________________________ (1) For the three months ended March 31, 2018, these charges included $2 million of severance and other costs. The total unpaid and accrued amount of $3 million as of March 31, 2018 includes amounts previously accrued as of December 31, 2017.  (2) The Company has historically made changes on an ongoing basis to enhance capabilities and reduce costs in its corporate functions that provide company-wide administrative services to support operations. In 2017, the Company began taking actions to enhance capabilities and align corporate functions with those required to support the strategic needs as two stand-alone companies in anticipation of the American Home Shield spin-off. For the three months ended March 31, 2018, these charges included $3 million of severance and other costs. Severance and other costs of $2 million were unpaid and accrued as of March 31, 2018.  (3) For the three months ended March 31, 2017, these charges include $1 million of severance costs as part of the severance agreement with the former Chief Financial Officer. Severance and other costs of $3 million were unpaid and accrued as of March 31, 2018, which includes amounts previously accrued as of December 31, 2017.  (4) For the three months ended March 31, 2018 and 2017, these charges included lease termination and other charges of $7 million and $1 million, respectively, related to the relocation of the Company’s headquarters, which is referred to as the Company’s Global Service Center. Of this amount, $6 million was unpaid and accrued as of March 31, 2018.  The pretax charges discussed above are reported in Restructuring charges in the unaudited condensed consolidated statements of operations and comprehensive income. Certain restructuring comparative figures in the condensed consolidated statements of cash flows have been reclassified to conform to the current year presentation. A reconciliation of the beginning and ending balances of accrued restructuring charges, which are included in Accrued liabilities—Other on the unaudited condensed consolidated statements of financial position, is presented as follows:      Accrued  Restructuring  (In millions) Charges  Balance as of December 31, 2017 $ 6  Costs incurred 12  Costs paid or otherwise settled (4)  Balance as of March 31, 2018 $ 14   Balance as of December 31, 2016 $ 3  Costs incurred 2  Costs paid or otherwise settled (3)  Balance as of March 31, 2017 $ 3 The company expects substantially all of its accrued restructuring charges to be paid within one year.

American Home Shield Spin-Off

American Home Shield Spin-Off	3 Months Ended
	Mar. 31, 2018
American Home Shield Spin-Off [Abstract]
American Home Shield Spin-Off	 Note 4. American Home Shield Spin-Off The Company’s financial statements include nonrecurring costs incurred to evaluate, plan and execute the spin-off of American Home Shield to company stockholders. These costs are primarily related to third-party consulting and other incremental costs directly associated with the spin-off process. At December 31, 2017, the Company had $1 million of American Home Shield spin-off charges accrued, and $2 million of prepaid spin-off charges which were recognized during the quarter ended March 31, 2018. The Company’s results for the three months ended March 31, 2018 include American Home Shield spin-off charges of $7 million ( $6 million, net of tax). Of this amount, $3 million was unpaid and accrued at March 31, 2018 in Accrued liabilities – Other on the condensed consolidated statements of financial position. The Company expects substantially all of the American Home Shield spin-off charges to be paid within one year. The Company expects to incur aggregate charges related to the spin-off of $35 million to $45 million in 2018. In addition, incremental capital expenditures will be required to effect the spin-off in 2018 and will range from $20 million to $30 million, principally reflecting costs to replicate information technology systems historically shared by the Company’s business units.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 5. Commitments and Contingencies The Company carries insurance policies on insurable risks at levels that it believes to be appropriate, including workers’ compensation, automobile and general liability risks. The Company purchases insurance policies from third-party insurance carriers, which typically incorporate significant deductibles or self-insured retentions. The Company is responsible for all claims that fall below the retention limits, exceed our coverage limits or are otherwise not covered by our insurance policies. In determining the Company’s accrual for self-insured claims, the Company uses historical claims experience to establish both the current year accrual and the underlying provision for future losses. This actuarially determined provision and related accrual include known claims, as well as incurred but not reported claims. The Company adjusts its estimate of accrued self-insured claims when required to reflect changes based on factors such as changes in health care costs, accident frequency and claim severity. A reconciliation of beginning and ending accrued self-insured claims, which are included in Accrued liabilities—Self-insured claims and related expenses and Other long-term obligations, primarily self-insured claims on the condensed consolidated statements of financial position, net of insurance recoverables, which are included in Prepaid expenses and other assets and Other assets on the condensed consolidated statements of financial position, is presented as follows:     Accrued  Self-insured  (In millions) Claims, Net  Balance as of December 31, 2017 $ 115  Provision for self-insured claims 10  Cash payments (10)  Balance as of March 31, 2018 $ 114   Balance as of December 31, 2016 $ 120  Provision for self-insured claims 9  Cash payments (10)  Balance as of March 31, 2017 $ 119 Accruals for home service plan claims in the American Home Shield business are made based on the Company’s claims experience and actuarial projections. Termite damage claim accruals in the Terminix business are recorded based on both the historical rates of claims incurred within a contract year and the cost per claim. Current activity could differ causing a change in estimates. The Company has certain liabilities with respect to existing or potential claims, lawsuits and other proceedings. The Company accrues for these liabilities when it is probable that future costs will be incurred and such costs can be reasonably estimated. Any resulting adjustments, which could be material, are recorded in the period the adjustments are identified. On December 16, 2016, the U.S. Virgin Islands Department of Justice filed a civil complaint in the Superior Court of the Virgin Islands related to a fumigation incident in a matter styled Government of the United States Virgin Islands v. The ServiceMaster Company, LLC, The Terminix International Company Limited Partnership, and Terminix International USVI, LLC. The amount and extent of any potential penalties, fines sanctions, costs and damages that the federal or other governmental authorities may yet impose, investigation or other costs and reputational harm, as well as the impact of any additional civil, criminal or other claims or judicial, administrative or regulatory proceedings resulting from or related to the U.S. Virgin Islands fumigation matter, which could be material, is not currently known, and any such further penalties, fines, sanctions, costs or damages would not be covered under the Company’s general liability policies. In the ordinary course of conducting business activities, the Company and its subsidiaries become involved in judicial, administrative and regulatory proceedings involving both private parties and governmental authorities. These proceedings include insured and uninsured matters that are brought on an individual, collective, representative and class action basis, or other proceedings involving regulatory, employment, general and commercial liability, automobile liability, wage and hour, environmental and other matters. The Company has entered into settlement agreements in certain cases, including with respect to putative collective and class actions, which are subject to court or other approvals. If one or more of the Company’s settlements are not finally approved, the Company could have additional or different exposure, which could be material. Subject to the paragraphs above, the Company does not expect any of these proceedings to have a material effect on its reputation, business, financial position, results of operations or cash flows; however, the Company can give no assurance that the results of any such proceedings will not materially affect our reputation, business, financial position, results of operations and cash flows.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note 6. Goodwill and Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized and are subject to assessment for impairment by applying a fair-value based test on an annual basis or more frequently if circumstances indicate a potential impairment. The Company’s annual assessment date is October 1. There were no goodwill or trade name impairment charges recorded in the thre e months ended March 31, 2018 and 2017. There were no accumulated impairment losses recorded as of March 31, 2018. The table below summarizes the goodwill balances for continuing operations by reportable segment:     American Franchise  (In millions) Terminix Home Shield Services Group Total  Balance as of December 31, 2017 $ 1,605 $ 476 $ 176 $ 2,256  Acquisitions 98 — — 98  Impact of foreign exchange rates — — — (1)  Balance as of March 31, 2018 $ 1,702 $ 476 $ 175 $ 2,353 The table below summarizes the other intangible asset balances for continuing operations:      As of March 31, 2018 As of December 31, 2017  Accumulated Accumulated  (In millions) Gross Amortization Net Gross Amortization Net  Trade names (1) $ 1,608 $ — $ 1,608 $ 1,608 $ — $ 1,608  Customer relationships 625 (558) 67 589 (555) 34  Franchise agreements 88 (71) 17 88 (70) 18  Other 101 (51) 50 81 (49) 32  Total $ 2,422 $ (680) $ 1,742 $ 2,367 $ (674) $ 1,692 ___________________________________ (1) Not subject to amortization. For the existing intangible assets, the Company anticipates amortization expense for the remainder of 2018 and each of the next five years of $16 million, $ 16 million , $ 12 million, $ 9 million, $ 6 million and $ 5 million, respectively. These amounts exclude the intangible assets acquired in connection with the Copesan acquisition on March 30, 2018, as intangible asset values and the related useful lives have not yet been finalized.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2018
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 7. Stock-Based Compensation For the three months ended March 31, 2018 and 2017, the Company recognized stock-based compensation expense of $4 million ( $ 3 million, net of tax) and $ 5 million ( $ 3 million, net of tax), respectively. These charges are recorded within Selling and administrative expenses in the condensed consolidated statements of operations and comprehensive income. As of March 31, 2018 there was $ 34 million of total unrecognized compensation costs related to non-vested stock options, restricted stock units (“RSUs”) and performance shares granted under the Amended and Restated ServiceMaster Global Holdings, Inc. 2014 Omnibus Incentive Plan (the “Omnibus Incentive Plan”). These remaining costs are expected to be recognized over a weighted-average period of 2.46 years.

Comprehensive Income

Comprehensive Income	3 Months Ended
	Mar. 31, 2018
Comprehensive Income [Abstract]
Comprehensive Income	Note 8. Comprehensive Income Comprehensive income, which primarily includes net income (loss), unrealized gain (loss) on derivative instruments and the effect of foreign currency translation gain, is disclosed in the condensed consolidated statements of operations and comprehensive income. Unrealized gains on marketable securities of $3 million ( $2 million, net of tax) were included in other comprehensive income prior to the Company’s adoption of ASU 2016-01 on January 1, 2018. Subsequent to the adoption, these unrealized gains have been reclassified to retained earnings. Additionally, stranded tax effects of approximately $4 million resulting from the corporate income tax rate change in U.S. Tax Reform were reclassified upon the Company’s adoption of ASU 2018-02 on January 1, 2018. The income tax effects remaining in AOCI will be released into earnings as the related pre-tax amounts are reclassified to earnings. The following tables summarize the activity in accumulated other comprehensive income, net of the related tax effects.     Unrealized  Gains (Losses)  Unrealized on Available Foreign  Gains (Losses) -for-Sale Currency  (In millions) on Derivatives Securities Translation Total  Balance as of December 31, 2017 $ 16 $ 2 $ (12) $ 5  Reclassification of unrealized gain/loss on equity securities — (2) — (2)  Reclassification of tax rate change 3 1 — 4  As revised, January 1, 2018 19 — (12) 7  Other comprehensive income before reclassifications:  Pre-tax amount 13 — — 13  Tax provision 3 — — 3  After-tax amount 9 — — 9  Amounts reclassified from accumulated other comprehensive income (1) 1 — — 1  Net current period other comprehensive income 10 — — 10  Balance as of March 31, 2018 $ 29 $ — $ (12) $ 17   Balance as of December 31, 2016 $ 12 $ 1 $ (15) $ (3)  Other comprehensive income before reclassifications:  Pre-tax amount (1) — 1 —  Tax benefit (1) — — (1)  After-tax amount — — 1 1  Amounts reclassified from accumulated other comprehensive income (1) 1 — — 1  Net current period other comprehensive income — — 1 1  Balance as of March 31, 2017 $ 12 $ 1 $ (14) $ (1) ___________________________________ (1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income included the following components for the periods indicated.   Amounts Reclassified from Accumulated  Other Comprehensive Income  Three Months Ended  March 31,  (In millions) 2018 2017  Losses on derivatives:  Fuel swap contracts $ — $ —  Interest rate swap contracts (1) (1)  Net losses on derivatives (1) (1)  Impact of income taxes — —  Total reclassifications related to derivatives $ (1) $ (1)  Total reclassifications for the period $ (1) $ (1)

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	 Note 9. Supplemental Cash Flow Information Supplemental information relating to the condensed consolidated statements of cash flows is presented in the following table:    Three Months Ended  March 31,  (In millions) 2018 2017  Cash paid for or (received from):  Interest expense $ 30 $ 29  Income taxes, net of refunds — 1 As of March 31, 2018 and December 31, 2017, Cash and cash equivalents of $411 million and $475 million, respectively, and Restricted cash of $89 million and $89 million, respectively, as presented on the condensed consolidated statements of financial position represent the amounts comprising Cash and cash equivalents and restricted cash of $500 million and $ 563 million, respectively, on the condensed consolidated statement of cash flows. As of March 31, 2017, Cash and cash equivalents of $334 million and Restricted cash of $89 million as presented on the condensed consolidated statements of financial position represent the amounts comprising Cash and cash equivalents and restricted cash of $423 million on the condensed consolidated statement of cash flows. The Company acquired $3 million and $ 12 million of property and equipment through capital leases and other non-cash financing transactions in the three months ended March 31, 2018 and 2017, respectively, which have been excluded from the condensed consolidated statements of cash flows as non-cash investing and financing activities.

Cash and Marketable Securities

Cash and Marketable Securities	3 Months Ended
	Mar. 31, 2018
Cash and Marketable Securities [Abstract]
Cash and Marketable Securities	Note 10. Cash and Marketable Securities Cash, money market funds and certificates of deposits with maturities of three months or less when purchased are included in Cash and cash equivalents on the condensed consolidated statements of financial position. As of March 31, 2018 and December 31, 2017, the Company’s investments consisted primarily of treasury bills (“Debt securities”) and common equity securities (“Equity securities”). The amortized cost, fair value and gross realized and unrealized gains and losses of the Company’s short- and long-term investments in Debt and Equity securities are as follows:     Gross Realized Gross Realized  Amortized and Unrealized and Unrealized Fair  (In millions) Cost Gains Losses Value  March 31, 2018:  Debt securities $ 29 $ — $ — $ 29  Equity securities 15 3 (1) 17  Total securities $ 44 $ 3 $ (1) $ 46  December 31, 2017:  Debt securities $ 29 $ — $ — $ 29  Equity securities 15 3 — 18  Total securities $ 44 $ 3 $ — $ 47  Following the adoption of ASC 2016-01, the Company accounts for equity securities at fair value with adjustments to fair value recognized in Interest and net investment income in the condensed consolidated statements of operations and comprehensive income. For the three months ended March 31, 2018, approximately $1 million of unrealized losses were recorded within Interest and net investment income in the condensed consolidated statements of operations and comprehensive income and approximately $3 million ( $2 million, net of tax) of unrealized gains were reclassified from Accumulated other comprehensive income to Accumulated deficit. The Company periodically reviews its debt securities to determine whether there has been an other than temporary decline in value. There were no impairment charges due to declines in the value of these investments for the three months ended March 31, 2018.    Three Months Ended  March 31,  (In millions) 2018 2017  Proceeds from sale of securities $ 1 $ —  Maturities of securities 9 —  Gross realized (gains) losses — —

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2018
Long-Term Debt [Abstract]
Long-Term Debt	Note 11. Long-Term Debt Long-term debt is summarized in the following table:     As of As of  March 31, December 31,  (In millions) 2018 2017  Senior secured term loan facility maturing in 2023 (1) $ 1,611 $ 1,615  Revolving credit facility maturing in 2021 — —  5.125% notes maturing in 2024 (2) 739 739  7.10% notes maturing in 2018 (3) — 79  7.45% notes maturing in 2027 (4) 170 169  7.25% notes maturing in 2038 (4) 42 42  Vehicle capital leases (5) 86 90  Other (6) 93 54  Less current portion (64) (144)  Total long-term debt $ 2,676 $ 2,643 ___________________________________ (1) As of March 31, 2018 and December 31, 2017 presented net of $15 million and $16 million, respectively, in unamortized debt issuance costs and $3 million in unamortized original issue discount paid. (2) As of March 31, 2018 and December 31, 2017, presented net of $ 11 million in unamortized debt issuance costs. (3) On March 1, 2018, the Company paid $79 million upon their maturity. (4) As of March 31, 2018 and December 31, 2017, collectively presented net of $35 million and $ 37 million, respectively, of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above. (5) The Company has entered into a fleet management services agreement (the “Fleet Agreement”) which, among other things, allows the Company to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are capital leases for accounting purposes. The lease rental payments include an interest component calculated using a variable rate based on one-month LIBOR plus other contractual adjustments and a borrowing margin totaling 2.45 percent. (6) Includes approximately $44 million of future payments in connection with the Company’s acquisition of Copesan as further described in Note 12. Interest Rate Swaps Interest rate swap agreements in effect as of March 31, 2018 are as follows:  Trade Date Effective Date Expiration Date Notional Amount Fixed Rate (1) Floating Rate  November 7, 2016 November 8, 2016 November 30, 2023 $650,000 1.493 % One month LIBOR ___________________________________ (1) Before the application of the applicable borrowing margin.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2018
Acquisitions [Abstract]
Acquisitions	Note 12. Acquisitions Acquisitions have been accounted for as business combinations using the acquisition method and, accordingly, the results of operations of the acquired businesses have been included in the condensed consolidated financial statements since their dates of acquisition. The assets and liabilities of these businesses were recorded in the financial statements at their estimated fair values as of the acquisition dates. On March 30, 2018 , the Company acquired all of the outstanding stock of Copesan Services, Inc. (“Copesan”) for an aggregate purchase price of $148 million, subject to certain post-closing net working capital adjustments. The acquisition is expected to improve Terminix’s capabilities in commercial pest control as Copesan is expected to provide the Company with significant expertise, system capabilities and processes for delivering pest management solutions to sophisticated commercial customers. The Company funded $104 million at closing using available cash on hand, $11 million of which was funded on the acquisition date, but still outstanding at March 31, 2018 and is included in Accrued liabilities – Other on the condensed consolidated statements of financial position. An additional $35 million of deferred purchase price and up to $10 million earnout contingent on the successful achievement of projected revenue targets are both due to the sellers three years from the acquisition date. Changes in projected revenue would result in a change in the fair value of the recorded earnout obligation. Subsequent changes to the estimated earnout obligation will be recognized in the consolidated statements of operations and comprehensive income when incurred. As of March 31, 2018, the purchase price allocation for this acquisition has not been finalized as the Company is still evaluating working capital balances and the fair value and useful lives of the acquired intangible assets. As the Company finalizes its assessment of the fair value of assets acquired and liabilities assumed, additional purchase price adjustments may be recorded during the measurement period. As a result of this acquisition, the Company recognized a preliminary value of $98 million of goodwill, which is primarily attributable to the expected benefits from synergies of the combination with existing businesses and growth opportunities and Copesan’s workforce and is not deductible for tax purposes. During the three months ended March 31, 2017, the Company completed a pest control acquisition and purchased a ServiceMaster Clean master distributor within the Franchise Services Group. The total purchase price for these acquisitions was $13 million. The Company recorded goodwill of $6 million and other intangibles, primarily reacquired rights, of $6 million related to these acquisitions. As of March 31, 2017, the purchase price allocation for the master distributor had not been finalized as the Company was still evaluating the fair value of certain intangible assets. As the Company finalizes its assessment of the fair value of assets acquired and liabilities assumed, additional purchase price adjustments may be recorded during the measurement period in 2017. Supplemental cash flow information regarding the acquisitions is as follows:    Three Months Ended  March 31,  (In millions) 2018 2017  Assets acquired $ 173 $ 13  Liabilities assumed (1) (25) —  Net assets acquired $ 148 $ 13   Net cash paid $ 104 $ 11  Seller financed debt 35 2  Contingent earnout 9 —  Purchase price $ 148 $ 13  (1) Includes $14 million of deferred tax liabilities recognized as a result of tax basis differences in intangible assets.   Acquisition related costs were less than $1 million for the three months ended March 31, 2018 and 2017.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Taxes [Abstract]
Income Taxes	Note 13. Income Taxes As required by ASC 740, “Income Taxes,” the Company computes interim period income taxes by applying an anticipated annual effective tax rate to the Company’s year-to-date income or loss from continuing operations before income taxes, except for significant unusual or infrequently occurring items. The Company’s estimated tax rate is adjusted each quarter in accordance with ASC 740. The effective tax rate on income from continuing operations was 26.3 percent and 38.3 percent for the three months ended March 31, 2018 and 2017, respectively. The year over year decrease in the effective tax rate on income from continuing operations for the three months ended March 31, 2018 was primarily driven by the reduction in the U.S. federal corporate income tax rate from 35 percent to 21 percent. As of March 31, 2018 and December 31, 2017, the Company had $15 million and $14 million, respectively, of tax benefits primarily reflected in state tax returns that have not been recognized for financial reporting purposes (“unrecognized tax benefits”). Based on information currently available, it is reasonably possible that over the next 12 month period unrecognized tax benefits may decrease by $2 million as the result of settlements of ongoing audits, statute of limitation expirations or final settlements of uncertain tax positions in multiple jurisdictions. On December 22, 2017, U.S. Tax Reform was signed into law. The Act includes numerous changes in existing tax law, including a permanent reduction in the federal corporate income tax rate from 35 percent to 21 percent, effective January 1, 2018. The adjustments to deferred tax assets and liabilities and the liability related to the transition tax recorded in the period ending December 31, 2017 are provisional amounts. As described below, the Company has made reasonable estimates. At March 31, 2018, the Company has considered all available information and no adjustments to our original provisional amounts were identified. These amounts are subject to change as the Company obtains information necessary to complete the calculations. The Company will recognize any changes to the provisional amounts within (Benefit) Provision for Income Taxes on the Consolidated Statements of Operations and Comprehensive Income as estimates of deferred tax assets and liabilities and interpretations of the application of the Act are refined. The Company expects to complete its analysis of the provisional items described further below during the second half of 2018. The effects of other provisions of the Act are not expected to have a material impact on the Company’s condensed consolidated financial statements.  Corporate Tax Rate Change The Company is subject to the provisions of the FASB ASC 740-10, Income Taxes, which requires that the effect on deferred tax assets and liabilities of a change in tax rates be recognized in the period the tax rate change was enacted. The Company remeasured deferred tax assets and liabilities based on the new U.S. tax rates at which they are expected to reverse in the future, which is generally 21 percent. The provisional amount recorded at December 31, 2017 relating to the remeasurement of these deferred tax balances was a net reduction of total deferred tax liabilities of $271 million. We are still analyzing certain aspects of the Act and refining our calculations, which could potentially affect these deferred tax balances or potentially give rise to changes in existing deferred tax amounts. Deferred Tax Analysis The Act changes the treatment of certain income and expense items for which the Company records deferred tax assets and liabilities. The Company has assessed its valuation of deferred tax assets and liabilities at March 31, 2018, as well as valuation allowance analyses affected by various aspects of the Act. The Company has recorded no provisional amounts related to valuation allowances and revaluation of deferred tax assets affected by various aspects of the Act. However, the Company is still analyzing certain aspects of the Act and refining its calculations, which could potentially affect the valuation of these balances. Transition Tax The Act imposes a Transition Tax on undistributed and previously untaxed post-1986 foreign earnings and profits, as determined in accordance with U.S. tax principles, of certain foreign owned corporations of U.S. stockhol ders. The Company recorded a provisional amount at December 31, 2017 for the one-time transition tax liability for the deemed distribution of earnings from our foreign subsidiaries resulting in an increase in income tax expense of less than $1 million. The Company recorded a provisional transition tax amount because certain information related to the computations required to compute the transition tax, including the computation of previously undistributed earnings, is not readily available, and there is limited information from federal and state taxing authorities regarding the application and interpretation of the recently enacted legislation. Accordingly, the Company is still analyzing certain aspects of the transition tax calculations which could potentially affect the amount recorded. GILTI Because of the complexity of the new global intangible low-taxed income (“GILTI”) tax rules, we are continuing to evaluate this provision of the Act and the application of ASC 740. Under U.S. GAAP, we are allowed to make an accounting policy choice. Our selection of an accounting policy with respect to the new GILTI tax rules will depend, in part, on analyzing our global income to determine whether we expect to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. The Company is not yet able to reasonably estimate the effect of this provision of the Act. Therefore, the Company has not made any adjustments related to potential GILTI tax in our financial statements and have not made a policy decision regarding whether to record deferred taxes on GILTI.

Business Segment Reporting

Business Segment Reporting	3 Months Ended
	Mar. 31, 2018
Business Segment Reporting [Abstract]
Business Segment Reporting	Note 14. Business Segment Reporting The business of the Company is conducted through three reportable segments: Terminix, American Home Shield and Franchise Services Group. In accordance with accounting standards for segments, the Company’s reportable segments are strategic business units that offer different services. The Terminix segment provides termite and pest control services to residential and commercial customers and distributes pest control products. The American Home Shield segment provides home service plans for household systems and appliances. The Franchise Services Group segment provides residential and commercial disaster restoration, janitorial and cleaning services through franchises primarily under the ServiceMaster, ServiceMaster Restore and ServiceMaster Clean brand names, home cleaning services through franchises primarily under the Merry Maids brand name, cabinet and wood furniture repair primarily under the Furniture Medic brand name and home inspection services primarily under the AmeriSpec brand name. Corporate includes SMAC, the Company’s financing subsidiary exclusively dedicated to providing financing to its franchisees and retail customers of its operating units, and the Company’s headquarters operations (substantially all of which costs are allocated to the Company’s reportable segments), which provide various technology, marketing, finance, legal and other support services to the reportable segments. The composition of the Company’s reportable segments is consistent with that used by the Company’s chief operating decision maker (the “CODM”) to evaluate performance and allocate resources. Information regarding the accounting policies used by the Company is described in the Company’s 2017 Form 10-K. The Company derives substantially all of its revenue from customers and franchisees in the United States with approximately two percent generated in foreign markets. Operating expenses of the business units consist primarily of direct costs and indirect costs allocated from Corporate. The Company uses Reportable Segment Adjusted EBITDA as its measure of segment profitability. Accordingly, the CODM evaluates performance and allocates resources based primarily on Reportable Segment Adjusted EBITDA. Reportable Segment Adjusted EBITDA is defined as net income before: income from discontinued operations, net of income taxes; (benefit) provision for income taxes; interest expense; depreciation and amortization expense; fumigation related matters; non-cash stock-based compensation expense; restructuring charges; American Home Shield spin-off charges; and non-cash impairment of software and other related costs. The Company’s definition of Reportable Segment Adjusted EBITDA may not be calculated or comparable to similarly titled measures of other companies. The Company believes Reportable Segment Adjusted EBITDA is useful for investors, analysts and other interested parties as it facilitates company-to-company operating performance comparisons by excluding potential differences caused by variations in capital structures, taxation, the age and book depreciation of facilities and equipment, restructuring initiatives and equity-based, long-term incentive plans. Information for continuing operations for each reportable segment and Corporate is presented below:     Three Months Ended  March 31,  (In millions) 2018 2017  Revenue:  Terminix $ 368 $ 365  American Home Shield 247 227  Franchise Services Group 60 50  Reportable Segment Revenue $ 674 $ 642  Corporate — 1  Total Revenue $ 675 $ 643  Reportable Segment Adjusted EBITDA: (1)  Terminix $ 86 $ 81  American Home Shield 32 31  Franchise Services Group 23 21  Reportable Segment Adjusted EBITDA $ 141 $ 133 ___________________________________ (1) Presented below is a reconciliation of Net Income to Reportable Segment Adjusted EBITDA:                    Three Months Ended  March 31,  (In millions) 2018 2017  Net Income $ 40 $ 39  Depreciation and amortization expense 25 25  Fumigation related matters — 1  Non-cash stock-based compensation expense 4 5  Restructuring charges 12 2  American Home Shield spin-off charges 7 —  Non-cash impairment of software and other related costs — 2  Income from discontinued operations, net of income taxes — (1)  Provision for income taxes 14 24  Interest expense 37 37  Reportable Segment Adjusted EBITDA $ 141 $ 133

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 15. Fair Value Measurements The period-end carrying amounts of cash and cash equivalents, receivables, restricted cash, accounts payable and accrued liabilities approximate fair value because of the short maturity of these instruments. The period-end carrying amounts of long-term notes receivable approximate fair value as the effective interest rates for these instruments are comparable to period-end market rates. The period-end carrying amounts of short- and long-term marketable securities also approximate fair value, with unrealized gains and losses reported in interest and net investment income in the condensed consolidated statements of operations and comprehensive income. The carrying amount of total debt was $ 2,740 million and $ 2,787 million, and the estimated fair value was $2,807 million and $2,88 8 million as of March 31, 2018 and December 31, 2017, respectively. The fair value of the Company’s debt is estimated based on available market prices for the same or similar instruments which are considered significant other observable inputs (Level 2) within the fair value hierarchy. The fair values presented reflect the amounts that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The fair value estimates presented in this report are based on information available to the Company as of March 31, 2018 and December 31, 2017. The Company has estimated the fair value of its financial instruments measured at fair value on a recurring basis using the market and income approaches. For investments in marketable securities, deferred compensation trust assets and derivative contracts, which are carried at their fair values, the Company’s fair value estimates incorporate quoted market prices, other observable inputs (for example, forward interest rates) and unobservable inputs (for example, forward commodity prices) at the balance sheet date. Interest rate swap contracts are valued using forward interest rate curves obtained from third-party market data providers. The fair value of each contract is the sum of the expected future settlements between the contract counterparties, discounted to present value. The expected future settlements are determined by comparing the contract interest rate to the expected forward interest rate as of each settlement date and applying the difference between the two rates to the notional amount of debt in the interest rate swap contracts. Fuel swap contracts are valued using forward fuel price curves obtained from third-party market data providers. The fair value of each contract is the sum of the expected future settlements between the contract counterparties, discounted to present value. The expected future settlements are determined by comparing the contract fuel price to the expected forward fuel price as of each settlement date and applying the difference between the contract and expected prices to the notional gallons in the fuel swap contracts. The Company regularly reviews the forward price curves obtained from third-party market data providers and related changes in fair value for reasonableness utilizing information available to the Company from other published sources. The Company has not changed its valuation techniques for measuring the fair value of any financial assets and liabilities during the year. Transfers between levels, if any, are recognized at the end of the reporting period. There were no significant transfers between levels during each of the three month periods ended March 31, 2018 and 2017. We account for these investments at fair value with adjustments to fair value recognized in unrealized gain/(loss) on investments in our income statement under non-operating expense. The carrying amount and estimated fair value of the Company’s financial instruments that are recorded at fair value on a recurring basis for the periods presented are as follows:     Estimated Fair Value Measurements  Quoted Significant  Prices In Other Significant  Active Observable Unobservable  Statement of Financial Carrying Markets Inputs Inputs  (In millions) Position Location Value (Level 1) (Level 2) (Level 3)  As of March 31, 2018:  Financial Assets:  Deferred compensation trust Long-term marketable securities $ 12 $ 12 $ — $ —  Investments in marketable securities Marketable securities and Long-term marketable securities 34 34 — —  Fuel swap contracts Prepaid expenses and other assets and Other assets 3 — — 3  Interest rate swap contract Prepaid expenses and other assets and Other assets 38 — 38 —  Total financial assets $ 86 $ 46 $ 38 $ 3  Financial Liabilities:  Interest rate swap contract Other accrued liabilities $ — $ — $ — $ —  Total financial liabilities $ — $ — $ — $ —   As of December 31, 2017:  Financial Assets:  Deferred compensation trust Long-term marketable securities $ 12 $ 12 $ — $ —  Investments in marketable securities Marketable securities and Long-term marketable securities 35 34 1 —  Fuel swap contracts Prepaid expenses and other assets and Other assets 3 — — 3  Interest rate swap contract Prepaid expenses and other assets and Other assets 25 — 25 —  Total financial assets $ 75 $ 46 $ 26 $ 3  Financial Liabilities:  Interest rate swap contract Other accrued liabilities and Other long-term obligations $ — $ — $ — $ —  Total financial liabilities $ — $ — $ — $ —    A reconciliation of the beginning and ending fair values of financial instruments valued using significant unobservable inputs (Level 3) on a recurring basis is presented as follows:     Fuel Swap  Contract  Assets  (In millions) (Liabilities) Location of Gain (Loss) included in Earnings  Balance as of December 31, 2017 $ 3  Total (losses) gains (realized and unrealized)  Included in earnings — Cost of services rendered and products sold  Included in other comprehensive income —  Settlements —  Balance as of March 31, 2018 $ 3   Balance as of December 31, 2016 $ 5  Total (losses) gains (realized and unrealized)  Included in earnings — Cost of services rendered and products sold  Included in other comprehensive income (3)  Settlements —  Balance as of March 31, 2017 $ 1 The following tables present information relating to the significant unobservable inputs of the Company’s Level 3 financial instruments:     Fair Value Valuation Weighted  (in millions) Technique Unobservable Input Range Average  As of March 31, 2018:  Fuel swap contracts $ 3 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $2.47 - $2.88 $ 2.70  As of December 31, 2017:  Fuel swap contracts $ 3 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $2.43 - $2.90 $ 2.66 ___________________________________ (1) Forward prices per gallon were derived from third-party market data providers. A decrease in the forward price would result in a decrease in the fair value of the fuel swap contracts. The Company uses derivative financial instruments to manage risks associated with changes in fuel prices and interest rates. The Company does not hold or issue derivative financial instruments for trading or speculative purposes. In designating its derivative financial instruments as hedging instruments under accounting standards for derivative instruments, the Company formally documents the relationship between the hedging instrument and the hedged item, as well as the risk management objective and strategy for the use of the hedging instrument. This documentation includes linking the derivatives to forecasted transactions. The Company assesses at the time a derivative contract is entered into, and at least quarterly thereafter, whether the derivative item is effective in offsetting the projected changes in cash flows of the associated forecasted transactions. All of the Company’s designated hedging instruments are classified as cash flow hedges. The Company has historically hedged a significant portion of its annual fuel consumption. The Company has also historically hedged the interest payments on a portion of its variable rate debt through the use of interest rate swap agreements. All of the Company’s fuel swap contracts and interest rate swap contracts are classified as cash flow hedges, and, as such, the hedging instruments are recorded on the condensed consolidated statements of financial position as either an asset or liability at fair value, with the effective portion of changes in the fair value attributable to the hedged risks recorded in accumulated other comprehensive income. Any change in the fair value of the hedging instrument resulting from ineffectiveness, as defined by accounting standards, is recognized in current period earnings. Cash flows related to fuel and interest rate derivatives are classified as operating activities in the condensed consolidated statements of cash flows. Ineffective portions of derivative instruments designated in accordance with accounting standards as cash flow hedge relationships were insignificant during the three months ended March 31, 2018. As of March 31, 2018, the Company had fuel swap contracts to pay fixed prices for fuel with an aggregate notional amount of $ 31 million, maturing through 2019. Under the terms of its fuel swap contracts, the Company is required to post collateral in the event that the fair value of the contracts exceeds a certain agreed upon liability level and in other circumstances required by the counterparty. As of March 31, 2018, the Company had posted $2 million in letters of credit as collateral under its fuel hedging program, which were issued under the Revolving Credit Facility. The effective portion of the gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments is recorded in accumulated other comprehensive income. These amounts are reclassified into earnings in the same period or periods during which the hedged forecasted debt interest settlement or the fuel settlement affects earnings. See Note 8 to the condensed consolidated financial statements for the effective portion of the gain or loss on derivative instruments recorded in accumulated other comprehensive income and for the amounts reclassified out of accumulated other comprehensive income and into earnings. The amount expected to be reclassified into earnings during the next 12 months includes unrealized gains and losses related to open fuel hedges and interest rate swaps. Specifically, as the underlying forecasted transactions occur during the next 12 months, the hedging gains and losses in accumulated other comprehensive income expected to be recognized in earnings is a gain of $4 million, net of tax, as of March 31, 2018 . The amounts that are ultimately reclassified into earnings will be based on actual fuel prices and interest rates at the time the positions are settled and may differ materially from the amount noted above.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Note 16. Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. The dilutive effect of stock options, RSUs and performance shares are reflected in diluted earnings per share by applying the treasury stock method. A reconciliation of the amounts included in the computation of basic earnings per share from continuing operations and diluted earnings per share from continuing operations is as follows:     Three Months Ended  March 31,  (In millions, except per share data) 2018 2017  Income from continuing operations $ 40 $ 38  Weighted-average common shares outstanding 135.2 134.5  Effect of dilutive securities:  RSUs (1) 0.2 0.1  Stock options (2) 0.2 1.4  Weighted-average common shares outstanding—assuming dilution 135.6 136.0  Basic earnings per share from continuing operations $ 0.30 $ 0.28  Diluted earnings per share from continuing operations $ 0.30 $ 0.28 ___________________________________ (1) Unvested RSUs and performance shares of 0.2 million for the three months ended March 31, 2018 were not included in the diluted earnings to share calculation because their effect would have been anti-dilutive. (2) Options to purchase 0.5 million and 1.3 million shares for the three months ended March 31, 2018 and 2017, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.

Significant Accounting Polici22

Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2018
Significant Accounting Policies [Abstract]
Adoption of New Accounting Standards	Adoption of New Accounting Standards In January 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-01, “ Recognition and Measurement of Financial Assets and Financial Liabilities ” to change how entities measure certain equity investments, to require the disclosure of changes in the fair value of financial liabilities measured under the fair value option that are attributable to a company’s own credit, and to change certain other disclosure requirements. The changes in ASU 2016-01 specifically require that the changes in fair value of all investments in equity securities be recognized in net income. In March 2018, FASB issued an amendment to this standard (ASU No. 2018-03), which provides further clarification regarding this standard. The Company adopted this ASU on January 1, 2018. As a result of the adoption, approximately $ 1 million of losses related to the Company’s equity investments were recognized in Net income for the quarter ended March 31, 2018, and approximately $2 million was reclassified from Accumulated other comprehensive income (“AOCI”) to Accumulated deficit related to unrealized gains on available-for-sale equity securities. Additionally, the Company holds minority interests in several strategic investments which do not have readily determinable fair values. The carrying amount of these investments at March 31, 2018 is approximately $4 million. These investments are recorded at cost and will be remeasured upon the occurrence of observable price changes or impairments. No adjustments to the carrying amount were made during the period. In January 2017, the FASB issued ASU 2017-01, “ Business Combinations (Topic 805): Clarifying the Definition of a Business .” The ASU clarifies the definition of a business to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses by providing a screen to determine when an integrated set of assets or activities is not a business. The Company adopted this ASU on January 1, 2018. The consolidated financial statements may be impacted if an acquisition does not qualify as a business combination under the ASU. Such acquisitions would be accounted for as asset purchases. In May 2017, the FASB issued ASU 2017-09, “ Stock Compensation – Scope of Modification Accounting .” The ASU clarifies the scope of modification accounting for share-based payment arrangements. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions and classification of the awards are the same immediately before and after the modification. The Company adopted this ASU on January 1, 2018 and will apply the guidance prospectively to awards modified on or after the adoption date. In February 2018, the FASB issued ASU 2018-02, “ Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ” allowing a reclassification from AOCI to Retained Earnings for stranded tax effects resulting from the corporate income tax rate change in the Tax Cuts and Jobs Act (the “Act” or “U.S. Tax Reform”). It is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. As allowed by the ASU, the Company elected to early adopt the amendments of this ASU and has reclassified approximately $4 million of unrealized losses from AOCI to Accumulated deficit. Following are the results of the adoption of these standards on the Company’s consolidated statements of stockholders’ equity previously reported:   (In millions) Accumulated other comprehensive income Accumulated deficit  As reported, December 31, 2017 $ 5 $ (895)  Impact of adopting ASC 606 — 16  Impact of adopting ASU 2016-01 (2) 2  Impact of adopting ASU 2018-02 4 (4)  As revised, January 1, 2018 $ 7 $ (881) 
Accounting Standards Issued But Not Yet Effective	Accounting Standards Issued But Not Yet Effective In February 2016, the FASB issued ASU 2016-02, “ Leases (Topic 842) ” which is the final standard on accounting for leases. While both lessees and lessors are affected by the new guidance, the effects on lessees are much more significant. The most significant change for lessees is the requirement under the new guidance to recognize right-of-use assets and lease liabilities for all leases not considered short-term leases. Entities are required to use a modified retrospective approach to adopt the guidance. The amendments in ASU 2016-02 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on the Company’s consolidated financial statements and currently expects that most of the operating lease commitments will be subject to the new standard and recognized as operating lease liabilities and right-of-use assets upon adoption of ASU 2016-02, which will increase the amount of total assets and total liabilities that is reported relative to such amounts prior to adoption. In August 2017, the FASB issued ASU 2017-12, “Der ivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities .” The ASU simplifies certain aspects of hedge accounting and improves disclosures of hedging arrangements through the elimination of the requirement to separately measure and report hedge ineffectiveness. The ASU generally requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item in order to align financial reporting of hedge relationships with economic results. Entities must apply the amendments to cash flow and net investment hedge relationships that exist on the date of adoption using a modified retrospective approach. The presentation and disclosure requirements must be applied prospectively. The Company is currently evaluating the impact of the adoption of ASU 2017-12, including transition elections and required disclosures, on the Company’s consolidated financial statements. The Company has reviewed all other recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations.
Adoption of ASC Topic 606, “Revenue from Contracts with Customers”	Adoption of ASC Topic 606, “Revenue from Contracts with Customers” On January 1, 2018, the Company adopted ASC 606 using the modified retrospective method to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605. The Company implemented internal controls and system functionality where necessary to enable the preparation of financial information on adoption. Revenue Recognition The following table presents the Company’s reportable segment revenues, disaggregated by revenue source. T he Company disaggregates revenue from contracts with customers into major product lines. The Company determines that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 14, the Company’s reportable segments are Terminix, American Home Shield and Franchise Services Group.    Terminix American Home Shield Franchise Services Group Total  Three months ended March 31, Three months ended March 31, Three months ended March 31, Three months ended March 31,  (In millions) 2018 2017 2018 2017 2018 2017 2018 2017  Major service line  Pest Control $ 202 $ 202 $ — $ — $ — $ — $ 202 $ 202  Termite and Other Services 151 149 — — — — 151 149  Home Service Plans — — 247 227 — — 247 227  Royalty Fees — — — — 33 31 33 31  Janitorial National Accounts — — — — 15 11 15 11  Sales of Products and Other 15 14 — — 12 7 27 21  Corporate — — — — — — — 1  Total $ 368 $ 365 $ 247 $ 227 $ 60 $ 50 $ 675 $ 643 At contract inception, the Company assesses the goods and services promised in its contracts with customers and identifies a performance obligation for each promise to transfer to the customer a good or service (or a bundle of goods and services) that is distinct. To identify the performance obligation, the Company considers all of the goods and services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. Terminix segment Pest control services Pest control services can be for one-time or recurring services. Revenues from pest control services are recognized at the agreed-upon contractual amount over time as the services are provided, most of which are started and completed within one day, as the customer simultaneously receives and consumes the benefits of the services as they are performed. Upon completion of service, a receivable is recorded related to this revenue as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after services have been rendered. Termite services The Company eradicates termites through the use of baiting systems and non-baiting methods (e.g., fumigation or liquid treatments). Termite services using liquid and baiting systems are sold through annual renewable contracts. The Company also performs other termite and related services, which may be one-time or renewable services. Revenue for termite services are recognized at the agreed-upon contractual amount upon the completion of the service. All termite services are generally started and completed within one day. Upon completion of the service, a receivable is recorded related to this revenue as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after services have been rendered. Most termite services can be renewed after the initial year. Revenue on renewal contracts is recognized upon completion of an annual inspection and receipt of payment from the customer which evidences the extension of the contract into a renewal period. Advanced r enewal payments generate a contract liability and are deferred until the related renewal period. Termite inspection and protection contracts are frequently sold through annual contracts. For these contracts, the Company has a stand ready obligation of which the customer receives and consumes the benefits over the annual period. Associated service costs are expensed as incurred. The Company measures progress toward satisfaction of its stand ready obligation over time using costs incurred as the measure of progress under the input method, which results in straight-line recognition of revenue. Payments are received at the commencement of the contract, which generates a contract liability, or in installments over the contract period. Sales of products and other Product revenues are generated from selling product to distributors and franchisees. Revenues from product sales are generally recognized once control of the products transfers to the customer. A receivable is recorded related to these sales as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after a customer is invoiced. American Home Shield segment Home service plans Home service plan contracts are sold through annual renewable contracts and customer payments are received at the commencement of the contract or in installments over the contract period, which generates a contract liability. The Company recognizes revenue related to these contracts at the agreed-upon contractual amount over time using the input method in proportion to the costs expected to be incurred in performing services under the contracts. As the costs to fulfill the obligations of the service plan contracts are incurred on an other than straight-line basis, the Company utilizes historical evidence to estimate the expected claims expense and related timing of such costs. This adjustment to the straight-line revenue creates a contract asset or contract liability. The Company regularly reviews its estimates of claims costs and adjusts the estimates when appropriate. Franchise Services Group segment Royalty fees The Company has franchise agreements in its ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec businesses. Royalty fee revenue consists principally of sales-based royalties received as part of the consideration for the franchise right and is calculated as a percentage of customer level revenue. Revenue is recognized by the Company at the agreed-upon contractual rates over time as the customer level revenue is generated by the franchisees. A receivable is recognized for an estimate of the unreported royalty fees, which are reported and remitted to the Company in arrears. Janitorial national accounts National account revenues are recognized at the agreed-upon contractual amounts over time as services are completed based on contractual arrangements to provide services at the customers’ locations. The Company engages either a franchisee or non-franchisee business to perform the services. Under these agreements, the Company is directly responsible for providing the services and receives payment directly from the customer. A receivable is recorded related to this revenue as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after services have been rendered. Sales of products and other Product revenues are generated from selling product to franchisees. Revenues from product sales are generally recognized once control of the products transfers to the customer. A receivable is recorded related to these sales as the Company has an unconditional right to invoice and receive payment. Payments are typically received shortly after a customer is invoiced. Initial franchise fees result from the sale of a franchise license, which includes the use of the name, trademarks and proprietary methods. The franchise license is considered symbolic intellectual property and revenue related to the sale of this right is recognized at the agreed-upon contractual amount over the term of the initial franchise agreement. Franchisees contribute a percentage of customer level revenue into a national advertising fund managed by the Company. In cases where the Company has ultimate control of the marketing and advertising, the Company recognizes both revenue and expense for the amount earned. Prior to the adoption of ASC 606, this revenue was recorded net of the advertising expense incurred. The impact to revenues as a result of applying ASC 606 was an increase of $3 million for the three months ended March 31, 2018. In addition, the Company has contractual arrangements with several national insurance companies to maintain a call center which receives and provides non-recurring disaster recovery and restoration referrals from the insurers to qualifying franchisees. The Company receives a referral fee from the franchisee. The Company recognizes the referral fee at the agreed-upon contractual amount as revenue in the month the referral was issued. Costs to obtain a contract with a customer Terminix and American Home Shield The Company capitalizes the incremental costs of obtaining a contract with a customer, primarily commissions, and recognizes the expense on a straight-line basis over the expected customer relationship period. As of January 1, 2018, the date the Company adopted ASC 606, the Company capitalized a total of $61 million at Terminix and $21 million at American Home Shield in deferred customer acquisition costs related to contracts that were not completed. In the three months ended March 31, 2018 , the amount of amortization was $16 million at Terminix and $4 million at American Home Shield and there was no impairment loss in relation to costs capitalized. Franchise Services Group The Company capitalizes the incremental costs of selling a new franchise license, primarily commissions, and recognizes the expense over the term of the initial franchise agreement. As of January 1, 2018, the date the Company adopted ASC 606, the Company capitalized a total of $1 million in deferred customer acquisition costs related to contracts that were not completed. In the three months ended March 31, 2018, the amount of amortization was less than $1 million and there was no impairment loss in relation to costs capitalized.  Contract balances Timing of revenue recognition may differ from the timing of invoicing to customers. Contracts with customers are generally for a period of one year or less, and are generally renewable. The Company records a receivable related to revenue recognized on services once the Company has an unconditional right to invoice and receive payment in the future related to the services provided. All accounts receivables are recorded within Receivables, less allowances, on the condensed consolidated statements of financial position. Notes receivable, which represent amounts financed for customers through the Company’s financing subsidiary, are included within Receivables, less allowances, on the condensed consolidated statement of financial position and totaled $35 million as of March 31, 2018. Deferred revenue represents a contract liability and is recognized when cash payments are received in advance of the performance of services, including when the amounts are refundable. For Terminix, amounts are recognized as revenue upon completion of services. For American Home Shield, amounts are recognized as revenue in proportion to the costs expected to be incurred in performing services under the Company’s contracts. Deferred revenue by segment was as follows (in millions):    As of As of  (In millions) March 31, 2018 December 31, 2017  Terminix $ 96 $ 90  American Home Shield (1) 218 573  Franchise Services Group (2) 11 —  Total $ 325 $ 663 (1) Includes a net contract liability of $38 million as of March 31, 2018 related to the recognition of American Home Shield monthly pay customer revenue on an other than straight-line basis to match the timing of cost recognition. (2) Includes approximately $7 million of Franchise Services Group Deferred revenue included within Other long-term obligations, primarily self-insurance claims on the condensed consolidated statement of financial position as of March 31, 2018. Changes in deferred revenue for the three months ended March 31, 2018 were as follows (in millions):    (In millions) Deferred revenue  Balance, January 1, 2018 $ 284  Deferral of revenue 165  Recognition of deferred revenue (124)  Balance, March 31, 2018 $ 325  There was approximately $ 104 million of revenue recognized in the three months ended March 31, 2018, that was included in the deferred revenue balance as of January 1, 2018. Arrangements with Multiple Performance Obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, we allocate revenue to each performance obligation based on its relative standalone selling price. Any discounts given are allocated to the services to which the discounts relate. Practical Expedients and Exemptions The Company offers certain interest-free contracts to customers where payments are received over a period not exceeding one year. Additionally, certain Terminix customers may pay in advance for services and American Home Shield customers have the option to pay for an annual home service plan in advance. The Company does not adjust the promised amount of consideration for the effects of these financing components. At contract inception, the period of time between the performance of services and the customer payment is one year or less. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to taxing authorities. The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. Certain non-commission related incremental costs to obtain a contract with a customer are expensed as incurred because the amortization period would have been one year or less. These costs are recorded within Selling and administrative expenses on the condensed consolidated statements of operations and comprehensive income. The Company utilizes the portfolio approach to recognize revenue in situations where a portfolio of contracts have similar characteristics. The revenue recognized under the portfolio approach is not materially different than if every individual contract in the portfolio was accounted for separately. Impact of ASC 606 on the Condensed Consolidated Financial Statements The Company recorded a net reduction to opening retained earnings of $16 million, net of tax, as of January 1, 2018 due to the cumulative impact of adopting ASC 606. Changes to the condensed consolidated statements of operations and comprehensive income include: i) c osts of obtaining a contract that would have been incurred regardless of whether the contract was obtained, such as direct mail and digital advertising, are now expensed as incurred; ii) initial fees and the related commissions from sales of franchise licenses, previously recognized in the year of the sale, are now recognized over the term of the initial franchise agreement; iii) Franchise Services Group national advertising fund income, previously recorded net of advertising expense incurred for the Company’s advertising programs, will now be reported gross, generally with offsetting increases to both revenue and expense such that there will not be a significant, if any, impact on net income; and iv) commissions costs at Terminix and American Home Shield incremental to a successful sale are deferred and recognized over the expected customer relationship period. Previously, commissions and other sales-related costs were deferred and recognized over the initial contract period. Changes to the condensed consolidated statements of financial position include: i) the reclassification of Receivables to contract assets which are presented net of contract liabilities within Deferred revenue and ii) the reclassification of Deferred customer acquisition costs to long-term assets as costs are recognized over the expected customer relationship period , which is in excess of one year. Previously, when a customer elected to pay for their home service plan contract on a monthly basis, Receivables and Deferred revenue were recorded based on the total amount due from the customer. Receivables were reduced as amounts were paid, and the Deferred revenue was amortized over the life of the contract. Currently, only the portion of the contract that is due in the current month will be recorded within Receivables. The following tables compare affected lines of the condensed consolidated financial statements as prepared under the provisions of ASC 606 to a presentation of these financial statements under the prior revenue recognition guidance:    As of March 31, 2018  Condensed Consolidated Statement of Financial Position As reported Under Prior Revenue Recognition Guidance  Current Assets:  Receivables $ 169 $ 538  Prepaid expenses and other assets 90 102  Deferred customer acquisition costs — 33  Other Assets:  Deferred customer acquisition costs 78 —  Total Assets $ 5,383 $ 5,717   Current Liabilities:  Deferred revenue $ 318 $ 683  Other Long-Term Liabilities:  Deferred taxes 521 511  Other long-term obligations, primarily self-insured claims 185 179  Total Liabilities 4,143 4,491   Accumulated deficit (841) (857)  Accumulated other comprehensive income 17 17  Net Income 40 43  Liabilities and Equity $ 5,383 $ 5,717    Three months ended March 31, 2018  Condensed Consolidated Statement of Operations and Comprehensive Income As reported Under Prior Revenue Recognition Guidance  Revenue $ 675 $ 672  Cost of services rendered and products sold 361 361  Selling and administrative expenses 197 203  Provision for income taxes 14 15  Net Income $ 40 $ 43 The adoption of ASC 606 had no significant impact on the Company’s cash flows. The aforementioned impacts resulted in offsetting shifts in cash flows from operations between net income and various change in working capital line items

Significant Accounting Polici23

Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Significant Accounting Policies [Abstract]
Results of the Adoption of These Standards on the Company’s Consolidated Statements of Stockholders’ Equity Previously Reported	  (In millions) Accumulated other comprehensive income Accumulated deficit  As reported, December 31, 2017 $ 5 $ (895)  Impact of adopting ASC 606 — 16  Impact of adopting ASU 2016-01 (2) 2  Impact of adopting ASU 2018-02 4 (4)  As revised, January 1, 2018 $ 7 $ (881) 
Disaggregation of Revenue	   Terminix American Home Shield Franchise Services Group Total  Three months ended March 31, Three months ended March 31, Three months ended March 31, Three months ended March 31,  (In millions) 2018 2017 2018 2017 2018 2017 2018 2017  Major service line  Pest Control $ 202 $ 202 $ — $ — $ — $ — $ 202 $ 202  Termite and Other Services 151 149 — — — — 151 149  Home Service Plans — — 247 227 — — 247 227  Royalty Fees — — — — 33 31 33 31  Janitorial National Accounts — — — — 15 11 15 11  Sales of Products and Other 15 14 — — 12 7 27 21  Corporate — — — — — — — 1  Total $ 368 $ 365 $ 247 $ 227 $ 60 $ 50 $ 675 $ 643 
Deferred Revenue By Segment	  As of As of  (In millions) March 31, 2018 December 31, 2017  Terminix $ 96 $ 90  American Home Shield (1) 218 573  Franchise Services Group (2) 11 —  Total $ 325 $ 663 (1) Includes a net contract liability of $38 million as of March 31, 2018 related to the recognition of American Home Shield monthly pay customer revenue on an other than straight-line basis to match the timing of cost recognition. (2) Includes approximately $7 million of Franchise Services Group Deferred revenue included within Other long-term obligations, primarily self-insurance claims on the condensed consolidated statement of financial position as of March 31, 2018.
Movement In Deferred Revenue	  (In millions) Deferred revenue  Balance, January 1, 2018 $ 284  Deferral of revenue 165  Recognition of deferred revenue (124)  Balance, March 31, 2018 $ 325 
Comparison of the Reported Condensed Consolidated Statement of Financial Position to the Pro-forma Amounts had the Previous Guidance Been in Effect	   As of March 31, 2018  Condensed Consolidated Statement of Financial Position As reported Under Prior Revenue Recognition Guidance  Current Assets:  Receivables $ 169 $ 538  Prepaid expenses and other assets 90 102  Deferred customer acquisition costs — 33  Other Assets:  Deferred customer acquisition costs 78 —  Total Assets $ 5,383 $ 5,717   Current Liabilities:  Deferred revenue $ 318 $ 683  Other Long-Term Liabilities:  Deferred taxes 521 511  Other long-term obligations, primarily self-insured claims 185 179  Total Liabilities 4,143 4,491   Accumulated deficit (841) (857)  Accumulated other comprehensive income 17 17  Net Income 40 43  Liabilities and Equity $ 5,383 $ 5,717    Three months ended March 31, 2018  Condensed Consolidated Statement of Operations and Comprehensive Income As reported Under Prior Revenue Recognition Guidance  Revenue $ 675 $ 672  Cost of services rendered and products sold 361 361  Selling and administrative expenses 197 203  Provision for income taxes 14 15  Net Income $ 40 $ 43 

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Mar. 31, 2018
Restructuring Charges [Abstract]
Schedule Of Restructuring Charges	   Three Months Ended  March 31,  (In millions) 2018 2017  Terminix (1) $ 2 $ —  Corporate (2) 3 —  Leadership transition (3) — 1  Global Service Center relocation (4) 7 1  Total restructuring charges $ 12 $ 2 ___________________________________ (1) For the three months ended March 31, 2018, these charges included $2 million of severance and other costs. The total unpaid and accrued amount of $3 million as of March 31, 2018 includes amounts previously accrued as of December 31, 2017.  (2) The Company has historically made changes on an ongoing basis to enhance capabilities and reduce costs in its corporate functions that provide company-wide administrative services to support operations. In 2017, the Company began taking actions to enhance capabilities and align corporate functions with those required to support the strategic needs as two stand-alone companies in anticipation of the American Home Shield spin-off. For the three months ended March 31, 2018, these charges included $3 million of severance and other costs. Severance and other costs of $2 million were unpaid and accrued as of March 31, 2018.  (3) For the three months ended March 31, 2017, these charges include $1 million of severance costs as part of the severance agreement with the former Chief Financial Officer. Severance and other costs of $3 million were unpaid and accrued as of March 31, 2018, which includes amounts previously accrued as of December 31, 2017.  (4) For the three months ended March 31, 2018 and 2017, these charges included lease termination and other charges of $7 million and $1 million, respectively, related to the relocation of the Company’s headquarters, which is referred to as the Company’s Global Service Center. Of this amount, $6 million was unpaid and accrued as of March 31, 2018.
Schedule Of Reconciliation Of The Beginning And Ending Balances Of Accrued Restructuring Charges	   Accrued  Restructuring  (In millions) Charges  Balance as of December 31, 2017 $ 6  Costs incurred 12  Costs paid or otherwise settled (4)  Balance as of March 31, 2018 $ 14   Balance as of December 31, 2016 $ 3  Costs incurred 2  Costs paid or otherwise settled (3)  Balance as of March 31, 2017 $ 3 

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies [Abstract]
Schedule Of Reconciliation Of Beginning And Ending Accrued Self-Insured Claims	   Accrued  Self-insured  (In millions) Claims, Net  Balance as of December 31, 2017 $ 115  Provision for self-insured claims 10  Cash payments (10)  Balance as of March 31, 2018 $ 114   Balance as of December 31, 2016 $ 120  Provision for self-insured claims 9  Cash payments (10)  Balance as of March 31, 2017 $ 119 

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets [Abstract]
Schedule Of Goodwill Balances For Continuing Operations By Reportable Segment And For Other Operations And Headquarters	    American Franchise  (In millions) Terminix Home Shield Services Group Total  Balance as of December 31, 2017 $ 1,605 $ 476 $ 176 $ 2,256  Acquisitions 98 — — 98  Impact of foreign exchange rates — — — (1)  Balance as of March 31, 2018 $ 1,702 $ 476 $ 175 $ 2,353 
Schedule Of Other Intangible Asset Balances For Continuing Operations	    As of March 31, 2018 As of December 31, 2017  Accumulated Accumulated  (In millions) Gross Amortization Net Gross Amortization Net  Trade names (1) $ 1,608 $ — $ 1,608 $ 1,608 $ — $ 1,608  Customer relationships 625 (558) 67 589 (555) 34  Franchise agreements 88 (71) 17 88 (70) 18  Other 101 (51) 50 81 (49) 32  Total $ 2,422 $ (680) $ 1,742 $ 2,367 $ (674) $ 1,692 ___________________________________ (1) Not subject to amortization.

Comprehensive Income (Tables)

Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2018
Comprehensive Income [Abstract]
Summary Of The Activity In Other Comprehensive Income (Loss), Net Of The Related Tax Effects	  Unrealized  Gains (Losses)  Unrealized on Available Foreign  Gains (Losses) -for-Sale Currency  (In millions) on Derivatives Securities Translation Total  Balance as of December 31, 2017 $ 16 $ 2 $ (12) $ 5  Reclassification of unrealized gain/loss on equity securities — (2) — (2)  Reclassification of tax rate change 3 1 — 4  As revised, January 1, 2018 19 — (12) 7  Other comprehensive income before reclassifications:  Pre-tax amount 13 — — 13  Tax provision 3 — — 3  After-tax amount 9 — — 9  Amounts reclassified from accumulated other comprehensive income (1) 1 — — 1  Net current period other comprehensive income 10 — — 10  Balance as of March 31, 2018 $ 29 $ — $ (12) $ 17   Balance as of December 31, 2016 $ 12 $ 1 $ (15) $ (3)  Other comprehensive income before reclassifications:  Pre-tax amount (1) — 1 —  Tax benefit (1) — — (1)  After-tax amount — — 1 1  Amounts reclassified from accumulated other comprehensive income (1) 1 — — 1  Net current period other comprehensive income — — 1 1  Balance as of March 31, 2017 $ 12 $ 1 $ (14) $ (1) ___________________________________ (1) Amounts are net of tax. Reclassifications out of accumulated other comprehensive income included the following components for the periods indicated.
Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)	  Amounts Reclassified from Accumulated  Other Comprehensive Income  Three Months Ended  March 31,  (In millions) 2018 2017  Losses on derivatives:  Fuel swap contracts $ — $ —  Interest rate swap contracts (1) (1)  Net losses on derivatives (1) (1)  Impact of income taxes — —  Total reclassifications related to derivatives $ (1) $ (1)  Total reclassifications for the period $ (1) $ (1) 

Supplemental Cash Flow Inform28

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Information Relating To The Unaudited Condensed Consolidated Statements Of Cash Flows	   Three Months Ended  March 31,  (In millions) 2018 2017  Cash paid for or (received from):  Interest expense $ 30 $ 29  Income taxes, net of refunds — 1 

Cash and Marketable Securities

Cash and Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2018
Cash and Marketable Securities [Abstract]
Schedule Of Amortized Cost, Fair Value And Gross Unrealized Gains And Losses Of The Company's Short- And Long-Term Investments In Debt And Equity Securities	   Gross Realized Gross Realized  Amortized and Unrealized and Unrealized Fair  (In millions) Cost Gains Losses Value  March 31, 2018:  Debt securities $ 29 $ — $ — $ 29  Equity securities 15 3 (1) 17  Total securities $ 44 $ 3 $ (1) $ 46  December 31, 2017:  Debt securities $ 29 $ — $ — $ 29  Equity securities 15 3 — 18  Total securities $ 44 $ 3 $ — $ 47 
Schedule Of Proceeds And Gross Realized Gains Resulting From Sales Of Available-For-Sale Securities And Gross Realized Losses Or Impairment Charges Due To Other Than Temporary Declines In The Value Of Certain Investments	   Three Months Ended  March 31,  (In millions) 2018 2017  Proceeds from sale of securities $ 1 $ —  Maturities of securities 9 —  Gross realized (gains) losses — — 

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Long-Term Debt [Abstract]
Schedule Of Long-Term Debt	   As of As of  March 31, December 31,  (In millions) 2018 2017  Senior secured term loan facility maturing in 2023 (1) $ 1,611 $ 1,615  Revolving credit facility maturing in 2021 — —  5.125% notes maturing in 2024 (2) 739 739  7.10% notes maturing in 2018 (3) — 79  7.45% notes maturing in 2027 (4) 170 169  7.25% notes maturing in 2038 (4) 42 42  Vehicle capital leases (5) 86 90  Other (6) 93 54  Less current portion (64) (144)  Total long-term debt $ 2,676 $ 2,643 ___________________________________ (1) As of March 31, 2018 and December 31, 2017 presented net of $15 million and $16 million, respectively, in unamortized debt issuance costs and $3 million in unamortized original issue discount paid. (2) As of March 31, 2018 and December 31, 2017, presented net of $ 11 million in unamortized debt issuance costs. (3) On March 1, 2018, the Company paid $79 million upon their maturity. (4) As of March 31, 2018 and December 31, 2017, collectively presented net of $35 million and $ 37 million, respectively, of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above. (5) The Company has entered into a fleet management services agreement (the “Fleet Agreement”) which, among other things, allows the Company to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are capital leases for accounting purposes. The lease rental payments include an interest component calculated using a variable rate based on one-month LIBOR plus other contractual adjustments and a borrowing margin totaling 2.45 percent. (6) Includes approximately $44 million of future payments in connection with the Company’s acquisition of Copesan as further described in Note 12.
Schedule of Interest Rate Swap Agreements	 Trade Date Effective Date Expiration Date Notional Amount Fixed Rate (1) Floating Rate  November 7, 2016 November 8, 2016 November 30, 2023 $650,000 1.493 % One month LIBOR ___________________________________ (1) Before the application of the applicable borrowing margin.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2018
Acquisitions [Abstract]
Schedule Of Supplemental Cash Flow Information Regarding Acquisitions	 Three Months Ended  March 31,  (In millions) 2018 2017  Assets acquired $ 173 $ 13  Liabilities assumed (1) (25) —  Net assets acquired $ 148 $ 13   Net cash paid $ 104 $ 11  Seller financed debt 35 2  Contingent earnout 9 —  Purchase price $ 148 $ 13  (1) Includes $14 million of deferred tax liabilities recognized as a result of tax basis differences in intangible assets.

Business Segment Reporting (Tab

Business Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2018
Business Segment Reporting [Abstract]
Schedule Of Information For Continuing Operations For Each Reportable Segment And Other Operations And Headquarters	   Three Months Ended  March 31,  (In millions) 2018 2017  Revenue:  Terminix $ 368 $ 365  American Home Shield 247 227  Franchise Services Group 60 50  Reportable Segment Revenue $ 674 $ 642  Corporate — 1  Total Revenue $ 675 $ 643  Reportable Segment Adjusted EBITDA: (1)  Terminix $ 86 $ 81  American Home Shield 32 31  Franchise Services Group 23 21  Reportable Segment Adjusted EBITDA $ 141 $ 133 ___________________________________ Presented below is a reconciliation of Net Income to Reportable Segment Adjusted EBITDA:
Schedule Of Reconciliation Of Net Income (Loss) To Reportable Segment Adjusted EBITDA	   Three Months Ended  March 31,  (In millions) 2018 2017  Net Income $ 40 $ 39  Depreciation and amortization expense 25 25  Fumigation related matters — 1  Non-cash stock-based compensation expense 4 5  Restructuring charges 12 2  American Home Shield spin-off charges 7 —  Non-cash impairment of software and other related costs — 2  Income from discontinued operations, net of income taxes — (1)  Provision for income taxes 14 24  Interest expense 37 37  Reportable Segment Adjusted EBITDA $ 141 $ 133 

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Measurements [Abstract]
Schedule Of The Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments That Are Recorded At Fair Value On A Recurring Basis	     Estimated Fair Value Measurements  Quoted Significant  Prices In Other Significant  Active Observable Unobservable  Statement of Financial Carrying Markets Inputs Inputs  (In millions) Position Location Value (Level 1) (Level 2) (Level 3)  As of March 31, 2018:  Financial Assets:  Deferred compensation trust Long-term marketable securities $ 12 $ 12 $ — $ —  Investments in marketable securities Marketable securities and Long-term marketable securities 34 34 — —  Fuel swap contracts Prepaid expenses and other assets and Other assets 3 — — 3  Interest rate swap contract Prepaid expenses and other assets and Other assets 38 — 38 —  Total financial assets $ 86 $ 46 $ 38 $ 3  Financial Liabilities:  Interest rate swap contract Other accrued liabilities $ — $ — $ — $ —  Total financial liabilities $ — $ — $ — $ —   As of December 31, 2017:  Financial Assets:  Deferred compensation trust Long-term marketable securities $ 12 $ 12 $ — $ —  Investments in marketable securities Marketable securities and Long-term marketable securities 35 34 1 —  Fuel swap contracts Prepaid expenses and other assets and Other assets 3 — — 3  Interest rate swap contract Prepaid expenses and other assets and Other assets 25 — 25 —  Total financial assets $ 75 $ 46 $ 26 $ 3  Financial Liabilities:  Interest rate swap contract Other accrued liabilities and Other long-term obligations $ — $ — $ — $ —  Total financial liabilities $ — $ — $ — $ — 
Schedule Of Reconciliation Of The Beginning And Ending Fair Values Of Financial Instruments Valued Using Significant Unobservable Inputs (Level 3) On A Recurring Basis	   Fuel Swap  Contract  Assets  (In millions) (Liabilities) Location of Gain (Loss) included in Earnings  Balance as of December 31, 2017 $ 3  Total (losses) gains (realized and unrealized)  Included in earnings — Cost of services rendered and products sold  Included in other comprehensive income —  Settlements —  Balance as of March 31, 2018 $ 3   Balance as of December 31, 2016 $ 5  Total (losses) gains (realized and unrealized)  Included in earnings — Cost of services rendered and products sold  Included in other comprehensive income (3)  Settlements —  Balance as of March 31, 2017 $ 1 
Schedule Of Level 3 Financial Instruments	    Fair Value Valuation Weighted  (in millions) Technique Unobservable Input Range Average  As of March 31, 2018:  Fuel swap contracts $ 3 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $2.47 - $2.88 $ 2.70  As of December 31, 2017:  Fuel swap contracts $ 3 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $2.43 - $2.90 $ 2.66 ___________________________________ (1) Forward prices per gallon were derived from third-party market data providers. A decrease in the forward price would result in a decrease in the fair value of the fuel swap contracts.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule Of Reconciliation Of The Amounts Included In The Computation Of Basic Earnings Per Share From Continuing Operations And Diluted Earnings Per Share From Continuing Operations	   Three Months Ended  March 31,  (In millions, except per share data) 2018 2017  Income from continuing operations $ 40 $ 38  Weighted-average common shares outstanding 135.2 134.5  Effect of dilutive securities:  RSUs (1) 0.2 0.1  Stock options (2) 0.2 1.4  Weighted-average common shares outstanding—assuming dilution 135.6 136.0  Basic earnings per share from continuing operations $ 0.30 $ 0.28  Diluted earnings per share from continuing operations $ 0.30 $ 0.28 ___________________________________ (1) Unvested RSUs and performance shares of 0.2 million for the three months ended March 31, 2018 were not included in the diluted earnings to share calculation because their effect would have been anti-dilutive. (2) Options to purchase 0.5 million and 1.3 million shares for the three months ended March 31, 2018 and 2017, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	Mar. 31, 2018entity
American Home Shield And Terminix and Franchise Services Group, Separation [Member]
Number Of Independent, Publicly Traded Companies	2

Significant Accounting Polici36

Significant Accounting Policies (Narrative) (Details) - USD ($)	Jan. 01, 2018	Mar. 31, 2018	Dec. 31, 2017
Carrying amount of investments		$ 25,000,000	$ 25,000,000
Notes receivable, net of allowances		35,000,000
Deferred Revenue, Revenue Recognized	$ 104,000,000	124,000,000
Impact of adopting ASC 606 [Member]
Adjustment to equity		16,000,000
Impact to revenues		3,000,000
Accounting Standards Update 2016-01 [Member]
Losses related to equity investments		1,000,000
Reclassification from OCI to Retained Earnings related to unrealized gains and losses on available-for-sale equity securities		2,000,000
Carrying amount of investments		4,000,000
Adjustment to carrying amount of investments		0
Accounting Standards Update 2018-02 [Member]
Adjustment to equity		4,000,000
Terminix [Member] | Impact of adopting ASC 606 [Member]
Capitalized Contract Cost, Net		61,000,000
Capitalized Contract Cost, Amortization		16,000,000
Capitalized Contract Cost, Impairment Loss		0
American Home Shield [Member]
Contract with Customer, Liability		38,000,000
American Home Shield [Member] | Impact of adopting ASC 606 [Member]
Capitalized Contract Cost, Net		21,000,000
Capitalized Contract Cost, Amortization		4,000,000
Capitalized Contract Cost, Impairment Loss		0
Franchise Services Group [Member] | Impact of adopting ASC 606 [Member]
Capitalized Contract Cost, Net		1,000,000
Capitalized Contract Cost, Amortization		$ 1,000,000

Significant Accounting Polici37

Significant Accounting Policies (Results of the Adoption of These Standards on the Company’s Consolidated Statements of Stockholders’ Equity Previously Reported) (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Stockholders' equity	$ 1,239	$ 1,167
Accumulated Deficit [Member]
Stockholders' equity		(881)
Accumulated Deficit [Member] | Under Prior Revenue Recognition Guidance [Member]
Stockholders' equity		(895)
Accumulated Deficit [Member] | Impact of adopting ASC 606 [Member]
Stockholders' equity		16
Accumulated Deficit [Member] | Accounting Standards Update 2016-01 [Member]
Stockholders' equity		2
Accumulated Deficit [Member] | Accounting Standards Update 2018-02 [Member]
Stockholders' equity		(4)
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders' equity		7
Accumulated Other Comprehensive Income (Loss) [Member] | Under Prior Revenue Recognition Guidance [Member]
Stockholders' equity		5
Accumulated Other Comprehensive Income (Loss) [Member] | Accounting Standards Update 2016-01 [Member]
Stockholders' equity		(2)
Accumulated Other Comprehensive Income (Loss) [Member] | Accounting Standards Update 2018-02 [Member]
Stockholders' equity		$ 4

Significant Accounting Polici38

Significant Accounting Policies (Disaggregation of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reportable segment revenues	$ 675	$ 643
Corporate Non-Segment [Member]
Reportable segment revenues		1
Pest Control [Member]
Reportable segment revenues	202	202
Termite and Other Services [Member]
Reportable segment revenues	151	149
Home Service Plans [Member]
Reportable segment revenues	247	227
Royalty Fees [Member]
Reportable segment revenues	33	31
Janitorial National Accounts [Member]
Reportable segment revenues	15	11
Sales of Products and Other [Member]
Reportable segment revenues	27	21
Terminix [Member]
Reportable segment revenues	368	365
Terminix [Member] | Pest Control [Member]
Reportable segment revenues	202	202
Terminix [Member] | Termite and Other Services [Member]
Reportable segment revenues	151	149
Terminix [Member] | Sales of Products and Other [Member]
Reportable segment revenues	15	14
American Home Shield [Member]
Reportable segment revenues	247	227
American Home Shield [Member] | Home Service Plans [Member]
Reportable segment revenues	247	227
Franchise Services Group [Member]
Reportable segment revenues	60	50
Franchise Services Group [Member] | Royalty Fees [Member]
Reportable segment revenues	33	31
Franchise Services Group [Member] | Janitorial National Accounts [Member]
Reportable segment revenues	15	11
Franchise Services Group [Member] | Sales of Products and Other [Member]
Reportable segment revenues	$ 12	$ 7

Significant Accounting Polici39

Significant Accounting Policies (Deferred Revenue By Segment) (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Deferred revenue		$ 325	$ 663
Terminix [Member]
Deferred revenue		96	90
American Home Shield [Member]
Deferred revenue	[1]	218	$ 573
Contract liability		38
Franchise Services Group [Member]
Deferred revenue	[2]	11
Franchise Services Group [Member] | Royalty Arrangement [Member]
Deferred revenue		$ 7
[1]	Includes a net contract liability of $38 million as of March 31, 2018 related to the recognition of American Home Shield monthly pay customer revenue on an other than straight-line basis to match the timing of cost recognition.
[2]	Includes approximately $7 million of Franchise Services Group Deferred revenue included within Other long-term obligations, primarily self-insurance claims on the condensed consolidated statement of financial position as of March 31, 2018.

Significant Accounting Polici40

Significant Accounting Policies (Movement In Deferred Revenue) (Details) - USD ($) $ in Millions	Jan. 01, 2018	Mar. 31, 2018	Mar. 31, 2018
Significant Accounting Policies [Abstract]
Balance at beginning of period	$ 284	$ 284
Deferral of revenue		165
Recognition of deferred revenue	(104)	(124)
Deferred Revenue	$ 284	$ 284	$ 325

Significant Accounting Polici41

Significant Accounting Policies (Comparison of the Reported Condensed Consolidated Statement of Financial Position to the Pro-forma Amounts had the Previous Guidance Been in Effect) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Receivables	$ 169			$ 570
Prepaid expenses and other assets	90			94
Deferred customer acquisition costs				36
Deferred customer acquisition costs	78
Assets	5,383			5,646
Deferred revenue	318			663
Deferred taxes	521			493
Other long-term obligations, primarily self-insured claims	185			169
Liabilities	706			662
Retained Earnings	(841)			(895)
Accumulated other comprehensive income (loss)	17	$ (1)	$ 7	5	$ (3)
Net Income	40	39
Liabilities and Equity	5,383			$ 5,646
Revenue	675	643
Cost of sales	361	346
Selling and administrative	197	186
Provision for income taxes	14	$ 24
Under Prior Revenue Recognition Guidance [Member]
Net Income	43
Revenue	672
Cost of sales	361
Selling and administrative	203
Provision for income taxes	15
Impact of adopting ASC 606 [Member]
Receivables	169
Prepaid expenses and other assets	90
Deferred customer acquisition costs	78
Assets	5,383
Deferred revenue	318
Deferred taxes	521
Other long-term obligations, primarily self-insured claims	185
Liabilities	4,143
Retained Earnings	(841)
Accumulated other comprehensive income (loss)	17
Net Income	40
Liabilities and Equity	5,383
Revenue	675
Cost of sales	361
Selling and administrative	197
Provision for income taxes	14
Impact of adopting ASC 606 [Member] | Under Prior Revenue Recognition Guidance [Member]
Receivables	538
Prepaid expenses and other assets	102
Deferred customer acquisition costs	33
Assets	5,717
Deferred revenue	683
Deferred taxes	511
Other long-term obligations, primarily self-insured claims	179
Liabilities	4,491
Retained Earnings	(857)
Accumulated other comprehensive income (loss)	17
Net Income	43
Liabilities and Equity	$ 5,717

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 12	$ 2
Restructuring charges, net of tax		9	1
Global Service Center Relocation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[1]	7	$ 1
Restructuring and Related Cost, Expected Cost Remaining		$ 6
[1]	For the three months ended March 31, 2018 and 2017, these charges included lease termination and other charges of $7 million and $1 million, respectively, related to the relocation of the Company's headquarters, which is referred to as the Company's Global Service Center. Of this amount, $6 million was unpaid and accrued as of March 31, 2018.

Restructuring Charges (Schedule

Restructuring Charges (Schedule Of Restructuring Charges) (Details) $ in Millions		3 Months Ended			12 Months Ended
		Mar. 31, 2018USD ($)entity	Sep. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 12		$ 2
Share-based Compensation		4		5
Terminix [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[1]	2
Severance and other restructuring costs		2
Unpaid and accrued costs		3
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[2]	$ 3
Number Of Independent, Publicly Traded Companies | entity		2
Severance costs			$ 3
Unpaid and accrued costs		$ 2
Global Service Center Relocation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[3]	7		1
Redundant Rent Expense, Accelerated Depreciation And Other Charges		7			$ 1
Unpaid and accrued costs		6
Leadership Transition [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	[4]			$ 1
Severance costs		1
Unpaid and accrued costs		$ 3
[1]	For the three months ended March 31, 2018, these charges included $2 million of severance and other costs. The total unpaid and accrued amount of $3 million as of March 31, 2018 includes amounts previously accrued as of December 31, 2017.
[2]	The Company has historically made changes on an ongoing basis to enhance capabilities and reduce costs in its corporate functions that provide company-wide administrative services to support operations. In 2017, the Company began taking actions to enhance capabilities and align corporate functions with those required to support the strategic needs as two stand-alone companies in anticipation of the American Home Shield spin-off. For the three months ended March 31, 2018, these charges included $3 million of severance and other costs. Severance and other costs of $2 million were unpaid and accrued as of March 31, 2018.
[3]	For the three months ended March 31, 2018 and 2017, these charges included lease termination and other charges of $7 million and $1 million, respectively, related to the relocation of the Company's headquarters, which is referred to as the Company's Global Service Center. Of this amount, $6 million was unpaid and accrued as of March 31, 2018.
[4]	For the three months ended March 31, 2017, these charges include $1 million of severance costs as part of the severance agreement with the former Chief Financial Officer. Severance and other costs of $3 million were unpaid and accrued as of March 31, 2018, which includes amounts previously accrued as of December 31, 2017.

Restructuring Charges (Schedu44

Restructuring Charges (Schedule Of Reconciliation Of The Beginning And Ending Balances Of Accrued Restructuring Charges) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reconciliation of the beginning and ending balances of accrued restructuring charges
Balance at the beginning of the period	$ 6	$ 3
Costs incurred	12	2
Costs paid or otherwise settled	(4)	(3)
Balance at the end of the period	$ 14	$ 3

American Home Shield Spin-Off (

American Home Shield Spin-Off (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Restructuring charges	$ 12	$ 2
Restructuring charges, net of tax	9	1
Costs paid or otherwise settled	4	$ 2
American Home Shield Spin-off [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member]
Restructuring charges	7
Restructuring charges, net of tax	6
Unpaid and accrued costs	$ 3			$ 1
Minimum [Member] | Scenario, Forecast [Member] | American Home Shield Spin-off [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member]
Restructuring charges			$ 35
Incremental capital expenditures required to effect the spin-off			20
Maximum [Member] | Scenario, Forecast [Member] | American Home Shield Spin-off [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff [Member]
Restructuring charges			45
Incremental capital expenditures required to effect the spin-off			$ 30

Commitments and Contingencies46

Commitments and Contingencies (Schedule Of Reconciliation Of Beginning And Ending Accrued Self-Insured Claims) (Details) - Accrued Self-Insured Claims, Net [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Commitments and Contingencies [Line Items]
Balance at the beginning of the period	$ 115	$ 120
Provision for self-insured claims	10	9
Cash payments	(10)	(10)
Balance at the end of the period	$ 114	$ 119

Goodwill and Intangible Asset47

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Indefinite-lived Intangible Assets [Line Items]
Accumulated impairment losses recorded in continuing operations	$ 0
Amortization expense	5	$ 7
Amortization expense, for the remainder of 2017	16
Amortization expense, 2019	16
Amortization expense, 2020	12
Amortization expense, 2021	9
Amortization expense, 2022	6
Amortization expense, Thereafter	5
Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Goodwill and trade name impairment	$ 0	$ 0

Goodwill and Intangible Asset48

Goodwill and Intangible Assets (Schedule Of Goodwill Balances For Continuing Operations By Reportable Segment And For Other Operations And Headquarters) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill balances by segment for continuing operations
Balance at the beginning of the period	$ 2,256
Acquisitions	98
Impact of foreign exchange rates	(1)
Balance at the end of the period	2,353
Terminix [Member]
Goodwill balances by segment for continuing operations
Balance at the beginning of the period	1,605
Acquisitions	98
Balance at the end of the period	1,702
American Home Shield [Member]
Goodwill balances by segment for continuing operations
Balance at the beginning of the period	476
Balance at the end of the period	476
Franchise Services Group [Member]
Goodwill balances by segment for continuing operations
Balance at the beginning of the period	176
Balance at the end of the period	$ 175

Goodwill and Intangible Asset49

Goodwill and Intangible Assets (Schedule Of Other Intangible Asset Balances For Continuing Operations) (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		$ 2,422	$ 2,367
Accumulated Amortization		(680)	(674)
Net		1,742	1,692
Customer Relationships [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		625	589
Accumulated Amortization		(558)	(555)
Net		67	34
Franchise Agreements [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		88	88
Accumulated Amortization		(71)	(70)
Net		17	18
Other [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		101	81
Accumulated Amortization		(51)	(49)
Net		50	32
Trade Names [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross	[1]	1,608	1,608
Net	[1]	$ 1,608	$ 1,608
[1]	Not subject to amortization.

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Stock-Based Compensation [Abstract]
Stock-based compensation expense	$ 4	$ 5
Stock-based compensation expense, net of tax	3	$ 3
Total unrecognized compensation costs related to non-vested stock options and restricted share units	$ 34
Weighted-average period of recognition of stock-based compensation cost	2 years 5 months 16 days

Comprehensive Income (Narrative

Comprehensive Income (Narrative) (Details) - USD ($) $ in Millions	Jan. 01, 2018	Mar. 31, 2018
Comprehensive Income [Abstract]
Unrealized gain on marketable securities		$ 3
Unrealized gain on marketable securities, net of tax		$ 2
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained Earnings, Tax Effect	$ 4

Comprehensive Income (Summary O

Comprehensive Income (Summary Of The Activity In Other Comprehensive Income (Loss), Net Of The Related Tax Effects) (Details) - USD ($) $ in Millions		Jan. 01, 2018	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		$ 5	$ 5	$ (3)
Reclassification of unrealized gain/loss on equity securities		(2)
Reclassification of tax rate change		4
Other comprehensive income before reclassifications:
Pre-tax amount			13
Tax benefit			3	(1)
After-tax amount			9	1
Amounts reclassified from accumulated other comprehensive income	[1]		1	1
Net current period other comprehensive income			10	1
Balance at the end of period		7	17	(1)
Unrealized Gains (Losses) on Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		16	16	12
Reclassification of tax rate change		3
Other comprehensive income before reclassifications:
Pre-tax amount			13	(1)
Tax benefit			3	(1)
After-tax amount			9
Amounts reclassified from accumulated other comprehensive income	[1]		1	1
Net current period other comprehensive income			10
Balance at the end of period		19	29	12
Unrealized Gains (Losses) on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		2	2	1
Reclassification of unrealized gain/loss on equity securities		(2)
Reclassification of tax rate change		1
Other comprehensive income before reclassifications:
Balance at the end of period				1
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		(12)	(12)	(15)
Other comprehensive income before reclassifications:
Pre-tax amount				1
After-tax amount				1
Net current period other comprehensive income				1
Balance at the end of period		$ (12)	$ (12)	$ (14)
[1]	Amounts are net of tax.

Comprehensive Income (Schedule

Comprehensive Income (Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of services rendered and products sold	$ (361)	$ (346)
Interest expense	(37)	(37)
Income from Continuing Operations before Income Taxes	54	62
Provision for income taxes	(14)	(24)
Net Income	40	39
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net Income	(1)	(1)
Unrealized Gains (Losses) on Derivatives [Member] | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net losses on derivatives	(1)	(1)
Provision for income taxes
Net Income	(1)	(1)
Unrealized Gains (Losses) on Derivatives [Member] | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member] | Fuel Swap Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of services rendered and products sold
Unrealized Gains (Losses) on Derivatives [Member] | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) [Member] | Interest Rate Swap Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (1)	$ (1)

Supplemental Cash Flow Inform54

Supplemental Cash Flow Information (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Cash paid for or (received from):
Cash and cash equivalents	$ 411	$ 334	$ 475
Restricted cash	89	89	89
Cash and Cash Equivalents Including Restricted Cash, at Carrying Value	500	423	$ 563	$ 386
Capital lease and other non-cash financing transactions	$ 3	$ 12

Supplemental Cash Flow Inform55

Supplemental Cash Flow Information (Schedule Of Supplemental Information Relating To The Unaudited Condensed Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash paid for or (received from):
Interest expense	$ 30	$ 29
Income taxes, net of refunds		$ 1

Cash and Marketable Securitie56

Cash and Marketable Securities (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Cash and Marketable Securities [Abstract]
Impairment charges due to other than temporary declines in the value of certain investments	$ 0
Gross unrealized losses of securities	(1,000,000)
Gross unrealized gains of securities	3,000,000	$ 3,000,000
Gross unrealized gains of securities, net of tax	$ 2,000,000

Cash and Marketable Securitie57

Cash and Marketable Securities (Schedule Of Amortized Cost, Fair Value And Gross Unrealized Gains And Losses Of The Company's Short- And Long-Term Investments In Debt And Equity Securities) (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Schedule of Available-for-sale Securities [Line Items]
Amortized cost of securities	$ 44	$ 44
Gross unrealized gains of securities	3	3
Gross unrealized losses of securities	(1)
Fair value of securities	46	47
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost of debt securities	29	29
Fair value of debt securities	29	29
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost of equity securities	15	15
Gross unrealized gains of equity securities	3	3
Gross unrealized losses of equity securities	(1)
Fair value of equity securities	$ 17	$ 18

Cash and Marketable Securitie58

Cash and Marketable Securities (Schedule Of Proceeds And Gross Realized Gains Resulting From Sales Of Available-For-Sale Securities And Gross Realized Losses)(Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Cash and Marketable Securities [Abstract]
Proceeds from sale of securities	$ 1
Maturities of securities	$ 9

Long-Term Debt (Schedule Of Lon

Long-Term Debt (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Dec. 31, 2017
Long-term debt [Line Items]
Less current portion		$ (64)	$ (144)
Total long-term debt		2,676	2,643
Vehicle Capital Leases [Member]
Long-term debt [Line Items]
Vehicle capital leases	[1]	$ 86	90
Borrowing margin (as a percent)		2.45%
Variable rate basis		one-month LIBOR
Senior Secured Term Loan Facility Maturing In 2023 [Member]
Long-term debt [Line Items]
Long-term debt	[2]	$ 1,611	1,615
Unamortized debt issuance costs		15	16
Unamortized original issue discount			3
Revolving Credit Facility Maturing In 2021 [Member]
Long-term debt [Line Items]
Long-term debt	[2]
5.125% Notes Maturing In 2024 [Member]
Long-term debt [Line Items]
Long-term debt	[3]	$ 739	739
Interest rate (as a percent)		5.125%
Unamortized debt issuance costs		$ 11	11
7.10% Notes Maturing In 2018 [Member]
Long-term debt [Line Items]
Long-term debt	[4]		79
Interest rate (as a percent)		7.10%
Payment of debt costs		$ 79
7.45% Notes Maturing In 2027 [Member]
Long-term debt [Line Items]
Long-term debt	[5]	$ 170	169
Interest rate (as a percent)		7.45%
7.25% Notes Maturing In 2038 [Member]
Long-term debt [Line Items]
Long-term debt	[5]	$ 42	42
Interest rate (as a percent)		7.25%
Notes 7.45%, And 7.25% Collectively [Member]
Long-term debt [Line Items]
Unamortized fair value adjustments related to purchase accounting		$ 35	37
Other [Member]
Long-term debt [Line Items]
Long-term debt	[6]	93	$ 54
Copesan Services, Inc. (“Copesan”) [Member] | Other [Member]
Long-term debt [Line Items]
Long-term debt		$ 44
[1]	The Company has entered into a fleet management services agreement (the "Fleet Agreement") which, among other things, allows the Company to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are capital leases for accounting purposes. The lease rental payments include an interest component calculated using a variable rate based on one-month LIBOR plus other contractual adjustments and a borrowing margin totaling 2.45 percent.
[2]	As of March 31, 2018 and December 31, 2017 presented net of $15 million and $16 million, respectively, in unamortized debt issuance costs and $3 million in unamortized original issue discount paid.
[3]	As of March 31, 2018 and December 31, 2017, presented net of $11 million in unamortized debt issuance costs.
[4]	On March 1, 2018, the Company paid $79 million upon their maturity.
[5]	As of March 31, 2018 and December 31, 2017, collectively presented net of $35 million and $37 million, respectively, of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above.
[6]	Includes approximately $44 million of future payments in connection with the Company's acquisition of Copesan as further described in Note 12.

Long-Term Debt (Schedule of Int

Long-Term Debt (Schedule of Interest Rate Swap Agreements) (Details) - Interest Rate Swap Contracts [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Derivative, Trade Date	Nov. 7, 2016
Derivative, Effective Date	Nov. 8, 2016
Derivative, Expiration Date	Nov. 30, 2023
Notional amount	$ 650,000
Weighted Average Fixed Rate (as a percent)	1.493%	[1]
Variable rate basis	One month LIBOR
[1]	Before the application of the applicable borrowing margin.

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Millions	Mar. 30, 2018	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Acquisitions [Line Items]
Net purchase price		$ 148	$ 13
Net cash paid		104	11
Goodwill		2,353		$ 2,256
Acquisition related costs		$ 1
Copesan Services, Inc. (“Copesan”) [Member]
Acquisitions [Line Items]
Business Acquisition, Effective Date of Acquisition		Mar. 30, 2018
Net purchase price		$ 148
Net cash paid	$ 11	104
Goodwill		98
Copesan Services, Inc. (“Copesan”) [Member] | Deferred Purchase Price [Member]
Acquisitions [Line Items]
Contingent consideration		35
Copesan Services, Inc. (“Copesan”) [Member] | Earnout [Member]
Acquisitions [Line Items]
Contingent consideration		$ 10
Pest control, termite and franchise acquisitions [Member]
Acquisitions [Line Items]
Net purchase price			13
Goodwill			6
Other intangibles related to acquisitions			$ 6

Acquisitions (Schedule Of Suppl

Acquisitions (Schedule Of Supplemental Cash Flow Information Regarding Acquisitions) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Supplemental cash flow information regarding acquisitions
Assets acquired		$ 173	$ 13
Liabilities assumed	[1]	(25)
Net assets acquired		148	13
Net cash paid		104	11
Seller financed debt		35	2
Total purchase price		148	$ 13
Earnout [Member]
Supplemental cash flow information regarding acquisitions
Contingent earnout		$ 9
[1]	Includes $14 million of deferred tax liabilities recognized as a result of tax basis differences in intangible assets.

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Taxes [Abstract]
Effective tax rate on income from continuing operations (as a percent)	26.30%	38.30%
Tax at U.S. federal statutory rate (as a percent)	21.00%		35.00%
Unrecognized tax benefits that would impact effective tax rate if recognized	$ 15		$ 14
Estimated reduction in unrecognized tax benefits during the next 12 months	2
Net reduction of total deferred tax liabilities			$ 271
One-time transition tax liability for the deemed distribution of earnings from our foreign subsidiaries	$ 1

Business Segment Reporting (Nar

Business Segment Reporting (Narrative) (Details)	3 Months Ended
	Mar. 31, 2018segment
Business Segment Reporting [Abstract]
Number of reportable segments	3
Maximum percentage of revenue from customers and franchisees generated in foreign market	2.00%

Business Segment Reporting (Sch

Business Segment Reporting (Schedule Of Information For Continuing Operations For Each Reportable Segment And Other Operations And Headquarters) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Revenue		$ 675	$ 643
Adjusted EBITDA		141	133
Identifiable Assets		5,383		$ 5,646
Depreciation & Amortization Expense		25	25
Capital Expenditures		23	18
Operating Segment [Member]
Segment Reporting Information [Line Items]
Revenue		674	642
Adjusted EBITDA	[1]	141	133
Terminix [Member] | Operating Segment [Member]
Segment Reporting Information [Line Items]
Revenue		368	365
Adjusted EBITDA	[1]	86	81
American Home Shield [Member] | Operating Segment [Member]
Segment Reporting Information [Line Items]
Revenue		247	227
Adjusted EBITDA	[1]	32	31
Franchise Services Group [Member] | Operating Segment [Member]
Segment Reporting Information [Line Items]
Revenue		60	50
Adjusted EBITDA	[1]	$ 23	21
Corporate [Member]
Segment Reporting Information [Line Items]
Revenue			$ 1
[1]	Presented below is a reconciliation of Net Income to Reportable Segment Adjusted EBITDA: Three Months EndedMarch 31,(In millions)20182017Net Income$ 40$ 39Depreciation and amortization expense 25 25Fumigation related matters - 1Non-cash stock-based compensation expense 4 5Restructuring charges 12 2American Home Shield spin-off charges 7 -Non-cash impairment of software and other related costs - 2Income from discontinued operations, net of income taxes - (1)Provision for income taxes 14 24Interest expense 37 37Reportable Segment Adjusted EBITDA $ 141$ 133

Business Segment Reporting (S66

Business Segment Reporting (Schedule Of Reconciliation Of Net Income (Loss) To Reportable Segment Adjusted EBITDA) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Reconciliation of Reportable Segment Adjusted EBITDA to Net Income (Loss)
Net Income		$ 40	$ 39
Depreciation and amortization expense		25	25
Fumigation related matters			1
Non-cash stock-based compensation expense		4	5
Restructuring charges		12	2
American Home Shield spin-off charges		7
Non-cash impairment of software and other related costs			2
Income from discontinued operations, net of income taxes			(1)
Provision for income taxes		14	24
Interest expense		37	37
Reportable Segment Adjusted EBITDA		141	133
Operating Segment [Member]
Reconciliation of Reportable Segment Adjusted EBITDA to Net Income (Loss)
Reportable Segment Adjusted EBITDA	[1]	141	133
Terminix [Member] | Operating Segment [Member]
Reconciliation of Reportable Segment Adjusted EBITDA to Net Income (Loss)
Reportable Segment Adjusted EBITDA	[1]	86	81
American Home Shield [Member] | Operating Segment [Member]
Reconciliation of Reportable Segment Adjusted EBITDA to Net Income (Loss)
Reportable Segment Adjusted EBITDA	[1]	32	31
Franchise Services Group [Member] | Operating Segment [Member]
Reconciliation of Reportable Segment Adjusted EBITDA to Net Income (Loss)
Reportable Segment Adjusted EBITDA	[1]	$ 23	$ 21
[1]	Presented below is a reconciliation of Net Income to Reportable Segment Adjusted EBITDA: Three Months EndedMarch 31,(In millions)20182017Net Income$ 40$ 39Depreciation and amortization expense 25 25Fumigation related matters - 1Non-cash stock-based compensation expense 4 5Restructuring charges 12 2American Home Shield spin-off charges 7 -Non-cash impairment of software and other related costs - 2Income from discontinued operations, net of income taxes - (1)Provision for income taxes 14 24Interest expense 37 37Reportable Segment Adjusted EBITDA $ 141$ 133

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Letters of credit posted as collateral under fuel hedging program	$ 2,000,000
Hedging gains and losses in accumulated other comprehensive income expected to be recognized in earnings, net of tax	4,000,000
Carrying Value [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Long Term Debt And Capital Lease Obligation	2,740,000,000	$ 2,787,000,000
Estimated Fair Value [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of total debt	2,807,000,000	$ 2,888,000,000
Fuel Swap Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Aggregate notional amount	31,000,000
Interest Rate Swap Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Aggregate notional amount	$ 650,000,000

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of The Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments That Are Recorded At Fair Value On A Recurring Basis) (Details) - Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Quoted Price In Active Markets (Level 1) [Member]
Financial Assets:
Deferred compensation trust	$ 12	$ 12
Investments in marketable securities	34	34
Total financial assets	46	46
Quoted Price In Active Markets (Level 1) [Member] | Interest Rate Swap Contracts [Member]
Financial Assets:
Derivative liability, Current
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Investments in marketable securities		1
Total financial assets	38	26
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swap Contracts [Member]
Financial Assets:
Derivative asset, Current	38	25
Derivative liability, Current
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Total financial assets	3	3
Significant Unobservable Inputs (Level 3) [Member] | Fuel Swap Contracts [Member]
Financial Assets:
Derivative asset, Current	3	3
Significant Unobservable Inputs (Level 3) [Member] | Interest Rate Swap Contracts [Member]
Financial Assets:
Derivative liability, Current
Carrying Value [Member]
Financial Assets:
Deferred compensation trust	12	12
Investments in marketable securities	34	35
Total financial assets	86	75
Carrying Value [Member] | Fuel Swap Contracts [Member]
Financial Assets:
Derivative asset, Current	3	3
Carrying Value [Member] | Interest Rate Swap Contracts [Member]
Financial Assets:
Derivative asset, Current	38	$ 25
Derivative liability, Current

Fair Value Measurements (Sche69

Fair Value Measurements (Schedule Of Reconciliation Of The Beginning And Ending Fair Values Of Financial Instruments Valued Using Significant Unobservable Inputs (Level 3) On A Recurring Basis) (Details) - Fuel Swap Contracts [Member] $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Reconciliation of the beginning and ending fair values of financial instruments valued using significant unobservable inputs (Level 3)
Balance at the beginning of the period	$ 5
Total (losses) gains (realized and unrealized)
Included in other comprehensive income	(3)
Balance at the end of the period	$ 1

Fair Value Measurements (Sche70

Fair Value Measurements (Schedule Of Level 3 Financial Instruments) (Details) - Fuel Swap Contracts [Member] $ in Millions		Mar. 31, 2018USD ($)$ / gal	Dec. 31, 2017USD ($)$ / gal		Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Information relating to the significant unobservable inputs of Level 3 financial instruments
Fair value at the end of the period | $		$ 3	$ 3		$ 1	$ 5
Discounted Cash Flows [Member] | Minimum [Member]
Information relating to the significant unobservable inputs of Level 3 financial instruments
Forward Unleaded Price per Gallon (in dollars per gallon)		2.47	2.43	[1]
Discounted Cash Flows [Member] | Maximum [Member]
Information relating to the significant unobservable inputs of Level 3 financial instruments
Forward Unleaded Price per Gallon (in dollars per gallon)		2.88	2.90	[1]
Discounted Cash Flows [Member] | Weighted Average [Member]
Information relating to the significant unobservable inputs of Level 3 financial instruments
Forward Unleaded Price per Gallon (in dollars per gallon)	[1]	2.70	2.66
[1]	Forward prices per gallon were derived from third-party market data providers. A decrease in the forward price would result in a decrease in the fair value of the fuel swap contracts.

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Reconciliation Of The Amounts Included In The Computation Of Basic Earnings Per Share From Continuing Operations And Diluted Earnings Per Share From Continuing Operations) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Income from continuing operations		$ 40	$ 38
Weighted average common shares outstanding		135.2	134.5
Effect of dilutive securities:
Weighted average common shares outstanding-assuming dilution		135.6	136
Basic earnings per share from continuing operations (in dollars per share)		$ 0.30	$ 0.28
Diluted earnings per share from continuing operations (in dollars per share)		$ 0.30	$ 0.28
RSUs [Member]
Effect of dilutive securities:
Dilutive securities	[1]	0.2	0.1
Antidilutive securities excluded from computation of diluted earnings per share (in shares)		0.2
Stock Options [Member]
Effect of dilutive securities:
Dilutive securities	[2]	0.2	1.4
Antidilutive securities excluded from computation of diluted earnings per share (in shares)		0.5	1.3
[1]	Unvested RSUs and performance shares of 0.2 million for the three months ended March 31, 2018 were not included in the diluted earnings to share calculation because their effect would have been anti-dilutive.
[2]	Options to purchase 0.5 million and 1.3 million shares for the three months ended March 31, 2018 and 2017, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.