Terminix Global (TMX) 10-Q 6 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 03, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity Registrant Name	Terminix Global Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-8738320
Entity Address, Address Line One	150 Peabody Place
Entity Address, City or Town	Memphis
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	38103
City Area Code	901
Local Phone Number	597-1400
Security 12b Title	Common, par value $0.01
Trading Symbol	TMX
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		124,687,026
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity File Number	001-36507
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001428875

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]
Revenue	$ 560	$ 534	$ 1,032	$ 990
Cost of services rendered and products sold	318	297	588	577
Selling and administrative expenses	143	143	280	283
Amortization expense	10	9	19	18
Acquisition-related costs	(1)		(1)	1
Mobile Bay Formosan termite settlement	4		4
Restructuring and other charges	2	8	9	12
Interest expense	11	22	23	45
Interest and net investment income	(1)	(1)	(1)	(1)
Income from Continuing Operations before Income Taxes	73	57	110	56
Provision for income taxes	20	18	31	16
Equity in earnings of joint ventures	1	1	2	1
Income from Continuing Operations	54	40	81	41
Net earnings from discontinued operations		13		26
Net Income	54	53	81	67
Total Comprehensive Income	$ 48	$ 54	$ 97	$ 19
Weighted-average common shares outstanding - Basic	127.4	131.9	129.3	133.4
Weighted-average common shares outstanding - Diluted	127.8	132	129.8	133.5
Basic Earnings Per Share:
Income from Continuing Operations (in dollars per share)	$ 0.42	$ 0.30	$ 0.63	$ 0.31
Net earnings from discontinued operations (in dollars per share)		0.10		0.19
Net Income (in dollars per share)	0.42	0.40	0.62	0.50
Diluted Earnings Per Share:
Income from Continuing Operations (in dollars per share)	0.42	0.30	0.62	0.31
Net earnings from discontinued operations (in dollars per share)		0.10		0.19
Net Income (in dollars per share)	$ 0.42	$ 0.40	$ 0.62	$ 0.50

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents		$ 313	$ 615
Receivables, less allowances of $27 and $25, respectively		208	206
Inventories		42	44
Prepaid expenses and other assets		167	145
Total Current Assets		730	1,010
Other Assets:
Property and equipment, net		177	182
Operating lease right-of-use assets		80	80
Goodwill		2,168	2,146
Intangible assets, primarily trade names, service marks and trademarks, net		1,104	1,111
Restricted cash		89	89
Notes receivable		32	31
Long-term marketable securities		15	14
Deferred customer acquisition costs		96	98
Other assets		76	75
Total Assets		4,567	4,837
Current Liabilities:
Accounts payable		113	91
Accrued liabilities:
Payroll and related expenses		90	102
Self-insured claims and related expenses		70	76
Accrued interest payable		7	7
Other		100	99
Deferred revenue		110	102
Current portion of lease liability		17	17
Current portion of long-term debt	[1]	44	94
Total Current Liabilities		552	588
Long-Term Debt		834	826
Other Long-Term Liabilities:
Deferred taxes		363	346
Other long-term obligations, primarily self-insured claims		215	239
Long-term lease liability		95	96
Total Other Long-Term Liabilities		673	681
Commitments and Contingencies (Note 6)
Stockholders' Equity:
Common stock $0.01 par value (authorized 2,000,000,000 shares with 148,838,068 shares issued and 125,271,848 outstanding at June 30, 2021 and 148,400,384 shares issued and 132,080,845 shares outstanding at December 31, 2020)		2	2
Additional paid-in capital		2,379	2,359
Retained Earnings		922	841
Accumulated other comprehensive loss		(22)	(39)
Less common stock held in treasury, at cost (23,566,220 shares at June 30, 2021 and 16,319,539 shares at December 31, 2020)		(773)	(423)
Total Stockholders' Equity		2,508	2,741
Total Liabilities and Stockholders' Equity		$ 4,567	$ 4,837
[1]	We paid approximately $ 50 million for deferred purchase price and an earnout related to the 2018 purchase of Copesan in the three months ended June 30, 2021.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Condensed Consolidated Statements of Financial Position [Abstract]
Allowance for receivables (in dollars)	$ 27	$ 25
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)	148,838,068	148,400,384
Common stock, shares outstanding (in shares)	125,271,848	132,080,845
Treasury stock (in shares)	23,566,220	16,319,539

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Millions	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Treasury [Member]	Total
Balance, shares at Dec. 31, 2019	148,000,000
Balance, value at Dec. 31, 2019	$ 2	$ 2,334	$ 291	$ 9	$ (313)	$ 2,322
Treasury Stock, Shares at Dec. 31, 2019					(12,000,000)
Net income			14			14
Other comprehensive income (loss), net of tax				(50)		(50)
Total Comprehensive Income			14	(50)		(36)
Exercise of stock options		2				2
Stock-based employee compensation		5				5
Repurchase of common stock, shares					(4,000,000)
Repurchase of common stock					$ (103)	(103)
Balance, shares at Mar. 31, 2020	148,000,000
Balance, value at Mar. 31, 2020	$ 2	2,341	305	(41)	$ (417)	2,190
Treasury Stock, Shares at Mar. 31, 2020					(16,000,000)
Balance, shares at Dec. 31, 2019	148,000,000
Balance, value at Dec. 31, 2019	$ 2	2,334	291	9	$ (313)	2,322
Treasury Stock, Shares at Dec. 31, 2019					(12,000,000)
Net income						67
Other comprehensive income (loss), net of tax						(48)
Total Comprehensive Income						19
Balance, shares at Jun. 30, 2020	148,000,000
Balance, value at Jun. 30, 2020	$ 2	2,348	358	(40)	$ (417)	2,251
Treasury Stock, Shares at Jun. 30, 2020					(16,000,000)
Balance, shares at Mar. 31, 2020	148,000,000
Balance, value at Mar. 31, 2020	$ 2	2,341	305	(41)	$ (417)	2,190
Treasury Stock, Shares at Mar. 31, 2020					(16,000,000)
Net income			53			53
Other comprehensive income (loss), net of tax				1		1
Total Comprehensive Income			53	1		54
Stock-based employee compensation		6				6
Balance, shares at Jun. 30, 2020	148,000,000
Balance, value at Jun. 30, 2020	$ 2	2,348	358	(40)	$ (417)	2,251
Treasury Stock, Shares at Jun. 30, 2020					(16,000,000)
Balance, shares at Dec. 31, 2020	148,000,000
Balance, value at Dec. 31, 2020	$ 2	2,359	841	(39)	$ (423)	$ 2,741
Treasury Stock, Shares at Dec. 31, 2020					(16,000,000)	(16,319,539)
Net income			27			$ 27
Other comprehensive income (loss), net of tax				22		22
Total Comprehensive Income			27	22		49
Issuance of common stock		1				1
Exercise of stock options		4				4
Stock-based employee compensation		6				6
Repurchase of common stock, shares					(4,000,000)
Repurchase of common stock					$ (169)	(169)
Balance, shares at Mar. 31, 2021	149,000,000
Balance, value at Mar. 31, 2021	$ 2	2,370	868	(17)	$ (592)	2,631
Treasury Stock, Shares at Mar. 31, 2021					(20,000,000)
Balance, shares at Dec. 31, 2020	148,000,000
Balance, value at Dec. 31, 2020	$ 2	2,359	841	(39)	$ (423)	$ 2,741
Treasury Stock, Shares at Dec. 31, 2020					(16,000,000)	(16,319,539)
Net income						$ 81
Other comprehensive income (loss), net of tax						17
Total Comprehensive Income						97
Balance, shares at Jun. 30, 2021	149,000,000
Balance, value at Jun. 30, 2021	$ 2	2,379	922	(22)	$ (773)	$ 2,508
Treasury Stock, Shares at Jun. 30, 2021					(24,000,000)	(23,566,220)
Balance, shares at Mar. 31, 2021	149,000,000
Balance, value at Mar. 31, 2021	$ 2	2,370	868	(17)	$ (592)	$ 2,631
Treasury Stock, Shares at Mar. 31, 2021					(20,000,000)
Net income			54			54
Other comprehensive income (loss), net of tax				(5)		(5)
Total Comprehensive Income			54	(5)		48
Issuance of common stock		1				1
Exercise of stock options		3				3
Stock-based employee compensation		5				5
Repurchase of common stock, shares					(4,000,000)
Repurchase of common stock					$ (181)	(181)
Balance, shares at Jun. 30, 2021	149,000,000
Balance, value at Jun. 30, 2021	$ 2	$ 2,379	$ 922	$ (22)	$ (773)	$ 2,508
Treasury Stock, Shares at Jun. 30, 2021					(24,000,000)	(23,566,220)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Condensed Consolidated Statements of Cash Flows [Abstract]
Cash and Cash Equivalents and Restricted Cash at Beginning of Period	$ 704	$ 368
Cash Flows from Operating Activities from Continuing Operations:
Net income	81	67
Adjustments to reconcile net income to net cash provided from operating activities:
Net earnings from discontinued operations		(26)
Equity in earnings of joint venture	(2)	(1)
Depreciation expense	35	37
Amortization expense	19	18
Amortization of debt issuance costs	1	2
Amortization of lease right-of-use assets	8	9
Mobile Bay Formosan termite settlement	4
Deferred income tax provision	13
Stock-based compensation expense	11	10
Restructuring and other charges	9	12
Payments for restructuring and other charges	(5)	(6)
Acquisition-related costs	(1)	1
Payments for acquisition-related costs	(1)	(4)
Other	(12)	(9)
Change in working capital, net of acquisitions:
Receivables	(7)	(29)
Inventories and other current assets	(25)	(6)
Accounts payable	23	26
Deferred revenue	8	4
Accrued liabilities	(12)	31
Accrued interest payable		(4)
Current income taxes	2	40
Net Cash Provided from Operating Activities from Continuing Operations	151	172
Cash Flows from Investing Activities from Continuing Operations:
Property additions	(12)	(15)
Sale of equipment and other assets	1
Business acquisitions, net of cash acquired	(45)	(24)
Origination of notes receivable	(34)	(20)
Collections on notes receivable	33	22
Net Cash Used for Investing Activities from Continuing Operations	(56)	(36)
Cash Flows from Financing Activities from Continuing Operations:
Payments of debt	(67)	(40)
Repurchase of common stock	(350)	(103)
Issuance of common stock	8	3
Net Cash Used For Financing Activities from Continuing Operations	(409)	(140)
Cash Flows from Discontinued Operations:
Cash provided from operating activities	12	27
Net Cash Provided from Discontinued Operations	12	28
Effect of Exchange Rate Changes on Cash		(1)
Cash (Decrease) Increase During the Period	(302)	22
Cash and Cash Equivalents and Restricted Cash at End of Period	$ 402	$ 391

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2021
Basis Of Presentation [Abstract]
Basis Of Presentation	Note 1. Basis of Presentation Terminix Global Holdings, Inc. and its majority-owned subsidiary partnerships, limited liability companies and corporations (collectively, “Terminix,” the “Company,” “we,” “us” and “our”) is a leading provider of essential services to residential and commercial customers in the termite and pest management markets. Our portfolio of well‑recognized brands includes Terminix, Copesan, Assured Environments, Gregory Pest Solutions, McCloud Services, Nomor and Pelias. All consolidated Company subsidiaries are wholly-owned. Intercompany transactions and balances have been eliminated. Our operations are organized into one reportable segment, our pest management and termite business. The unaudited condensed consolidated financial statements have been prepared by us 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”). We recommend that the quarterly unaudited condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC (the “2020 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 necessarily indicative of the results that might be achieved for any other interim period or for the full year due to the seasonality of our business, the impact of the COVID-19 pandemic (“COVID-19”) and the possibility of changes in general economic conditions. Prior period amounts have been reclassified to conform to the current period presentation within the Condensed Consolidated Statements of Cash Flows. Sale of ServiceMaster Brands On January 21, 2020, we announced we were exploring strategic alternatives related to ServiceMaster Brands, including the potential sale of the business. The divestiture group included the assets and liabilities of the ServiceMaster Brands businesses, which was comprised of the Amerispec, Furniture Medic, Merry Maids, ServiceMaster Clean and ServiceMaster Restore brands, certain assets and liabilities of ServiceMaster Acceptance Corporation, our financing subsidiary, and the ServiceMaster trade name (the “ServiceMaster Brands Divestiture Group”). On October 1, 2020, we completed the sale of the ServiceMaster Brands Divestiture Group to RW Purchaser LLC, an affiliate of investment funds managed by Roark Capital Management LLC (“Roark”). The ServiceMaster Brands Divestiture Group is reported in this Quarterly Report on Form 10-Q in discontinued operations. COVID-19 Since March 11, 2020 when the World Health Organization designated COVID-19 as a global pandemic, we have experienced increased demand in our residential pest management and termite and home services service lines as customers are spending more time at home. We have also experienced disruptions in our business, primarily in the commercial pest management service line, driven by temporary business closures and service postponements, and in our product sales and other service line. We continue to focus on initiatives to ensure the safety and productivity of our teammates, including personal protective equipment and safety policies and measures for field teammates, and technology to facilitate remote working, with most back-office and all call center teammates working remotely and field support teammates working remotely where possible.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Our significant accounting policies are described in Note 2 to the audited consolidated financial statements included in our 2020 Form 10-K. There have been no material changes to the significant accounting policies for the six months ended June 30, 2021, other than those described below. Adoption of New Accounting Standards In December 2019, the FASB issued ASU No. 2019-12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ,” which simplifies the accounting for income taxes by removing certain exceptions. We adopted this ASU on January 1, 2021, including the applicable retrospective and prospective provisions therein. The adoption of this ASU did not have a material impact on our consolidated financial statements as of June 30, 2021. In November 2020, the SEC issued Rule 33-10890, “ Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information .” This rule could be early adopted in its entirety as of February 10, 2021. The rule modernized, simplified and enhanced financial statement disclosures required by Regulation S-K. We early adopted all the provisions in the rule as of February 10, 2021, which primarily resulted in the elimination of duplicative disclosure of legal matters and improved discussions within management’s discussion and analysis. We have reviewed all other recently issued, but not yet effective, accounting pronouncements and do not expect the future adoption of any such pronouncements will have a material impact on our financial condition or the results of our operations.

Revenues

Revenues	6 Months Ended
	Jun. 30, 2021
Revenues[Abstract]
Revenues	Note 3. Revenues The following tables present our reportable segment revenues from continuing operations, disaggregated by revenue source and geographic area. We disaggregate revenue from contracts with customers into major product lines. We determined 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. European pest management revenue is now presented within Commercial Pest Management below, and prior periods have been reclassified to conform to the current period presentation. Revenue by major service line was as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 Major service line Residential Pest Management $ 192 $ 182 $ 358 $ 341 Commercial Pest Management 141 124 270 248 Termite and Home Services 193 196 354 351 Sales of Products and Other 34 32 50 50 Total $ 560 $ 534 $ 1,032 $ 990 Revenue by geographic area was as follows: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 United States $ 526 $ 510 $ 967 $ 941 International 34 24 64 49 Total $ 560 $ 534 $ 1,032 $ 990 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. We record a receivable related to revenue recognized on services once we have 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. The current portion of Notes receivable, which represents amounts financed for customers, are included within Receivables, less allowances, on the Condensed Consolidated Statement of Financial Position and totaled $ 26 million and $ 27 million as of June 30, 2021 and December 31, 2020, respectively. 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. Amounts are recognized as revenue upon completion of services. Changes in deferred revenue for the six months ended June 30, 2021 and 2020 were as follows: (In millions) Deferred revenue Balance as of December 31, 2020 $ 102 Deferral of revenue 82 Recognition of deferred revenue ( 75 ) Balance as of June 30, 2021 $ 110 Balance as of December 31, 2019 $ 92 Deferral of revenue 63 Recognition of deferred revenue ( 59 ) Balance as of June 30, 2020 $ 95 Additionally, approximately $ 17 million and $ 15 million of deferred revenue was recognized in the Condensed Consolidated Statements of Financial Position as of June 30, 2020 and December 31, 2019, respectively, primarily related to our acquisition of Nomor. There was approximately $ 18 million and $ 49 million of revenue recognized in the three and six months ended June 30, 2021, respectively, that was included in the deferred revenue balance as of December 31, 2020. There was approximately $ 16 million and $ 40 million of revenue recognized in the three and six months ended June 30, 2020, respectively, that was included in the deferred revenue balance as of December 31, 2019.

Restructuring And Other Charges

Restructuring And Other Charges	6 Months Ended
	Jun. 30, 2021
Restructuring And Other Charges [Abstract]
Restructuring And Other Charges	Note 4. Restructuring and Other Charges We incurred restructuring charges of $ 2 million ( $ 2 million, net of tax) and $ 8 million ($ 6 million, net of tax) in the three months ended June 30, 2021 and 2020, respectively . We incurred restructuring charges of $ 9 million ($ 7 million, net of tax) and $ 12 million ($ 9 million, net of tax) in the six months ended June 30, 2021 and 2020, respectively. Restructuring and Other Charges included costs to simplify our back-office and align administrative functions as a singularly focused pest management company following the sale of the ServiceMaster Brands Divestiture Group. We expect substantially all of our accrued restructuring charges to be paid within the next 12 months. Restructuring charges were comprised of the following: Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 Severance $ 2 $ 4 $ 5 $ 5 Other (1) 1 4 3 7 Total restructuring charges $ 2 $ 8 $ 9 $ 12 ___________________________________ (1) Primarily owned building and operating lease right-of-use asset impairment charges, and costs to simplify our back-office and align as a singularly focused pest management company. A reconciliation of the beginning and ending balances of accrued restructuring charges by major cost type, which are included in Accrued liabilities—Other on the unaudited Condensed Consolidated Statements of Financial Position, is presented as follows: Accrued Accrued Total Accrued Severance Other Restructuring (In millions) Charges Charges Charges Balance as of December 31, 2020 $ 2 $ — $ 2 Costs incurred 5 3 9 Costs paid or otherwise settled ( 3 ) ( 3 ) ( 7 ) Balance as of June 30, 2021 $ 4 $ — $ 4 Balance as of December 31, 2019 $ 1 $ 1 $ 1 Costs incurred 5 7 12 Costs paid or otherwise settled ( 3 ) ( 5 ) ( 8 ) Balance as of June 30, 2020 $ 3 $ 2 $ 5

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2021
Discontinued Operations [Abstract]
Discontinued Operations	Note 5. Discontinued Operations On October 1, 2020, we completed the sale of the ServiceMaster Brands Divestiture Group for $ 1,541 million, resulting in a gain of approximately $ 494 million, net of taxes. The historical results of the ServiceMaster Brands Divestiture Group are reported as discontinued operations for all periods presented herein. For all periods after the sale, discontinued operations includes the gain on sale and incidental costs to complete the sale. In connection with the sale of the ServiceMaster Brands Divestiture Group, the Company and Roark entered into a transition services agreement (“TSA”) pursuant to which the Company provides certain post-closing services to Roark and ServiceMaster Brands related to the business of ServiceMaster Brands. The charges for the transition services are designed to allow us to fully recover the direct costs of providing the services, plus specified margins and any out-of-pocket costs and expenses. The Company and Roark also entered into a sublease agreement pursuant to which ServiceMaster Brands subleases a portion of our corporate headquarters in Memphis, Tennessee. We recognized $ 2 million and $ 3 million of TSA fees, rental income and other cost reimbursements in Selling and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) in the three and six months ended June 30, 2021, respectively. Payments received for TSA fees, for other cost reimbursements and pursuant to the sublease agreement were $ 2 million and $ 6 million in the three and six months ended June 30, 2021, respectively. At June 30, 2021, we had a receivable from Roark of $ 1 million included in Receivables on the Condensed Consolidated Statements of Financial Position. The following table summarizes the comparative financial results of discontinued operations, which are presented as Net earnings from discontinued operations on the Condensed Consolidated Statements of Operations and Comprehensive Income: Three Months Ended Six Months Ended (In millions) June 30, 2020 June 30, 2020 Revenue $ 63 $ 128 Cost of services rendered and products sold 31 60 Operating expenses (1) 15 32 Income before income taxes 18 35 Provision for income taxes 5 9 Net earnings from discontinued operations $ 13 $ 26 ___________________________________ (1) Includes $ 5 million and $ 9 million of professional fees and other costs incurred in connection with the strategic evaluation and ultimate sale in the three and six months ended June 30, 2020 . The following selected financial information of the ServiceMaster Brands Divestiture Group is included in the Condensed Consolidated Statements of Cash Flows as cash flows from discontinued operations: Six Months Ended (In millions) June 30, 2020 Depreciation $ — Amortization — Capital expenditures ( 1 )

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 6. Commitments and Contingencies We carry insurance policies on insurable risks at levels that we believe to be appropriate, including workers’ compensation, automobile and general liability risks. We purchase insurance policies from third-party insurance carriers, which typically incorporate significant deductibles or self-insured retentions. We are 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 our accrual for self-insured claims, we use 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. We adjust our 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. In the normal course of business, we periodically enter into agreements that incorporate indemnification provisions. While the maximum amount to which we may be exposed under such agreements cannot be estimated, we do not expect these guarantees and indemnifications to have a material effect on our business, financial condition, results of operations or cash flows. 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, 2020 $ 126 Provision for self-insured claims 18 Cash payments ( 15 ) Balance as of June 30, 2021 $ 129 Balance as of December 31, 2019 $ 111 Provision for self-insured claims 24 Cash payments ( 16 ) Balance as of June 30, 2020 $ 119 Our business is subject to a significant number of damage claims related to termite activity in homes for which we provide termite control services, often accompanied by a termite damage warranty. Our termite damage warranty is a differentiator in the industry that has enabled us to become a market leader of this product line. Termite damage claims include circumstances when a customer notifies us that they have experienced damage to their property and we reach an agreement to remediate that damage (a “Non-Litigated Claim”); and circumstances when we do not reach an agreement with a customer to remediate the damage and that customer initiates litigation or arbitration proceedings (a “Litigated Claim”). We accrue for these liabilities when it is probable that future costs will be incurred and such costs can be reasonably estimated. Current activity can differ, causing a change in estimates which could be material. A reconciliation of beginning and ending accrued Litigated Claims, which are included in Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims on the Condensed Consolidated Statements of Financial Position, and Non-Litigated Claims, which are included in Accrued liabilities—Self-insured claims and related expenses on the Condensed Consolidated Statements of Financial Position, is presented as follows: Accrued Termite Damage (In millions) Claims Balance as of December 31, 2020 $ 72 Provision for termite damage claims 34 Cash payments ( 34 ) Balance as of June 30, 2021 $ 71 Balance as of December 31, 2019 $ 80 Provision for termite damage claims 27 Cash payments ( 24 ) Balance as of June 30, 2020 $ 83 Mobile Bay Formosan Termite Settlement In November 2020, the Company entered into the Consent Judgment and Settlement Agreement (the “Settlement”) with the Office of the Attorney General of the State of Alabama (the “AL AG”) and other Alabama state regulators, primarily related to termite renewal pricing changes we made in our branches in Mobile, Alabama and Gulf Shores, Alabama, which comprise all of our customers in the area, (collectively, the “Mobile Bay Area”) in 2019 and certain other termite inspection and treatment practices regarding the control of Formosan termites in that area that allegedly violated the Alabama Deceptive Trade Practices Act (the “ADTPA”). The Settlement provides for: immediate remediation measures to be provided directly to current and former customers in the Mobile Bay Area, including refunds of certain price increases, rebates to certain former customers, the establishment of a $ 25 million consumer fund and a related receiver to oversee our compliance with these commitments and to act as an arbitrator for certain Non-litigated Claims; the reimbursement of certain investigative and monitoring costs incurred by the AL AG’s office and the Department of Agriculture and Industries; and a university endowment intended to support termite and pest management research with an emphasis on Formosan termite research. The Company has also agreed to pay the state of Alabama $ 19 million. Pursuant to the Settlement, we have also agreed to provide the opportunity to reinstate service for certain customers who canceled their services during specified timeframes as well as the retreatment of certain customer premises and a commitment to certain specified response and remediation timeframes for future termite damage claims. We do not expect the financial impact of these additional remedies to have a material impact on our prospective results of operations or cash flows. In the fourth quarter of 2020, the Company funded the $ 25 million consumer fund, from which certain monetary liabilities from settlements of, or judgments in, the covered Settlement are paid by the fund’s receiver. The amount in the consumer fund is held in escrow by the receiver and is classified as a deposit within Prepaid expenses and other assets and with an offsetting liability recorded within Accrued liabilities – Other on the Consolidated Statements of Financial Position. The fund’s receiver has paid a total of $ 5 million from the fund through the second quarter of 2021. In the second quarter of 2021, the Company recorded an increase in expense related to the settlement of $ 4 million due to a higher than anticipated customer participation rate. State of Mississippi Formosan Termite Litigation On April 22, 2021, the State of Mississippi brought litigation against us related to our termite inspection and treatment practices. The Company disputes the claims made in the litigation and intends to defend the matter vigorously. However, given the uncertainty of litigation, the preliminary stage of the case, and the legal standards that must be met for success on the merits, the Company cannot predict with certainty the outcome of the Mississippi litigation. Other Litigation In addition to the matters discussed above, in the ordinary course of conducting business activities, we and our subsidiaries become involved in judicial, administrative and regulatory proceedings involving both private parties and governmental authorities. We accrue for these liabilities when it is probable the future costs will be incurred and such costs can be reasonably estimated. Current activity can differ, causing a change in estimates which could be material. 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, shareholder and other matters. We have entered into settlement agreements in certain cases, including with respect to putative collective and class actions, which are subject to court or other approvals, and which require compliance with the terms of the agreements. If one or more of our settlements are not finally approved and implemented, we could have additional or different exposure, which could be material. Subject to the paragraphs above, we do not expect any of these proceedings to have a material effect on our reputation, business, financial position, results of operations or cash flows; however, we 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	6 Months Ended
	Jun. 30, 2021
Goodwill And Intangible Assets [Abstract]
Goodwill And Intangible Assets	Note 7. Goodwill and Intangible Assets Goodwill and indefinite-lived intangible assets, primarily trade names, 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. There were no impairment charges recorded in the three and six months ended June 30, 2021 and 2020 . There were no accumulated impairment losses recorded as of June 30, 2021 . Customer relationships and Other intangible assets, which primarily includes trade names subject to amortization, are amortized over their respective useful lives. The table below summarizes the goodwill balances: (In millions) Balance as of December 31, 2020 $ 2,146 Acquisitions 25 Impact of foreign exchange rates ( 3 ) Balance as of June 30, 2021 $ 2,168 The table below summarizes the other intangible asset balances: As of June 30, 2021 As of December 31, 2020 Accumulated Accumulated (In millions) Gross Amortization Net Gross Amortization Net Trade names (1) $ 888 $ — $ 888 $ 888 $ — $ 888 Customer relationships 661 ( 469 ) 191 650 ( 454 ) 196 Other 71 ( 47 ) 24 70 ( 43 ) 27 Total $ 1,620 $ ( 516 ) $ 1,104 $ 1,608 $ ( 497 ) $ 1,111 ___________________________________ (1) Not subject to amortization. For the existing intangible assets, we anticipate amortization expense for the remainder of 2021 and each of the next five years as follows: (In millions) 2021 2022 2023 2024 2025 2026 Amortization expense $ 19 $ 39 $ 35 $ 26 $ 21 $ 15

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 8. Stock-Based Compensation For each of the three months ended June 30, 2021 and 2020, we recognized stock-based compensation expense of $ 6 million ($ 4 million, net of tax) and $ 5 million ($ 4 million, net of tax), respectively. For the six months ended June 30, 2021 and 2020, we recognized stock-based compensation expense of $ 11 million ($ 9 million, net of tax) and $ 10 million ($ 7 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 June 30, 2021 , there were $ 38 million of total unrecognized compensation costs related to non-vested stock options, restricted stock units (“RSUs”) and performance share units granted under the Amended and Restated Terminix 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 1.99 years. On February 24, 2015, our board of directors approved and recommended for approval by our stockholders the Terminix Global Holdings, Inc. Employee Stock Purchase Plan (“Employee Stock Purchase Plan”), which became effective for offering periods commencing July 1, 2015. On April 27, 2015, our stockholders approved the Employee Stock Purchase Plan with a maximum of one million shares of common stock authorized for sale under the plan. On November 3, 2015, we filed a registration statement on Form S-8 under the Securities Act to register the one million shares of common stock that may be issued under the Employee Stock Purchase Plan and, as a result, all shares of common stock acquired under the Employee Stock Purchase Plan will be freely tradable under the Securities Act, unless purchased by our affiliates. Our Compensation Committee amended the Employee Stock Purchase Plan in February 2019 to allow for more frequent purchase periods and to change the allowed 10 percent discount to a company match of 10 percent of employee contributions. The authorized number of shares remaining in the Employee Stock Purchase Plan was not changed from 843,584 and the expiration date of the Employee Stock Purchase Plan was not changed from April 27, 2025 . As of June 30, 2021, there were 762,190 shares available for issuance under the Employee Stock Purchase Plan.

Comprehensive (Loss) Income

Comprehensive (Loss) Income	6 Months Ended
	Jun. 30, 2021
Comprehensive (Loss) Income [Abstract]
Comprehensive (Loss) Income	Note 9. Comprehensive (Loss) Income Comprehensive (loss) income, which primarily includes net income, unrealized gains and losses on derivative instruments and the effect of foreign currency translation, is included in the Condensed Consolidated Statements of Operations and Comprehensive Income. During 2019 , we terminated our then-existing $ 650 million interest rate swap, receiving $ 12 million from the counterparty. The fair value of the terminated agreement is recorded within accumulated other comprehensive (loss) income on the Condensed Consolidated Statements of Financial Position and will be amortized into interest expense over the original term of the agreement. The remaining unamortized balance at June 30, 2021 was $ 5 million. The following tables summarize the activity in accumulated other comprehensive (loss) income, net of the related tax effects. Unrealized Gains Foreign (Losses) on Currency (In millions) Derivatives Translation Total Balance as of December 31, 2020 $ ( 16 ) $ ( 23 ) $ ( 39 ) Other comprehensive (loss) income before reclassifications: Pre-tax amount 26 ( 1 ) 25 Tax provision ( 5 ) — ( 5 ) After-tax amount 21 ( 1 ) 20 Amounts reclassified from accumulated other comprehensive (loss) income (1) ( 4 ) — ( 4 ) Amounts reclassified within accumulated other comprehensive (loss) income (2) ( 6 ) 6 — Net current period other comprehensive income 11 5 17 Balance as of June 30, 2021 $ ( 4 ) $ ( 18 ) $ ( 22 ) Balance as of December 31, 2019 $ 13 $ ( 5 ) $ 9 Other comprehensive (loss) income before reclassifications: Pre-tax amount ( 55 ) ( 6 ) ( 61 ) Tax provision 12 — 12 After-tax amount ( 44 ) ( 6 ) ( 50 ) Amounts reclassified from accumulated other comprehensive (loss) income (1) 1 — 1 Amounts reclassified within accumulated other comprehensive (loss) income (2) 10 ( 10 ) — Net current period other comprehensive loss ( 33 ) ( 16 ) ( 48 ) Balance as of June 30, 2020 $ ( 19 ) $ ( 20 ) $ ( 40 ) ___________________________________ (1) Amounts are net of tax. See reclassification out of accumulated other comprehensive income below for further details. (2) Represents reclassifications from our net investment hedge related to foreign currency exchange rate fluctuations. Reclassifications out of accumulated other comprehensive income included the following components for the periods indicated : Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 Gains (losses) on derivatives: Fuel swap contracts $ 2 $ ( 2 ) $ 3 $ ( 2 ) Interest rate swap contracts ( 2 ) — ( 3 ) — Cross-currency interest rate swap ( 2 ) ( 1 ) 3 — Net gains (losses) on derivatives ( 1 ) ( 2 ) 4 ( 2 ) Impact of income taxes — 1 — 1 Total reclassifications for the period $ ( 1 ) $ ( 2 ) $ 4 $ ( 1 )

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Note 10. Supplemental Cash Flow Information Supplemental information relating to the Condensed Consolidated Statements of Cash Flows is presented in the following table. The non-cash lease transactions are described in Note 12. Six Months Ended June 30, (In millions) 2021 2020 Cash paid for or (received from): Interest expense $ 27 $ 42 Interest and dividend income — ( 1 ) Income taxes, net of refunds 3 ( 15 ) For the six months ended June 30, 2021, cash paid for income taxes, net of refunds, of $ 3 million includes the utilization of $ 12 million of tax overpayments made related to the sale of the ServiceMaster Brands Divestiture Group, which is reported in Cash flows from discontinued operations on the Condensed Consolidated Statements of Cash Flows. Cash and Cash Equivalents and Restricted Cash at End of Period on the Condensed Consolidated Statements of Cash Flows consists of the following: As of June 30, (In millions) 2021 2020 Cash and cash equivalents $ 313 $ 302 Restricted cash 89 89 Total Cash and cash equivalents and Restricted cash $ 402 $ 391

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2021
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 June 30, December 31, (In millions) 2021 2020 Senior secured term loan facility maturing in 2026 (1) $ 539 $ 539 Revolving credit facility maturing 2024 — — 7.45 % notes maturing in 2027 (2) 171 169 7.25 % notes maturing in 2038 (3) 41 41 Vehicle finance leases (4) 98 95 Other (5) 29 77 Less current portion (6) ( 44 ) ( 94 ) Total long-term debt $ 834 $ 826 __________________________________ (1) As of June 30, 2021 and December 31, 2020, presented net of $ 6 million and $ 7 million in unamortized debt issuance costs, respectively, and $ 1 million of unamortized original issue discount in each period. (2) As of June 30, 2021 and December 31, 2020, presented net of $ 16 million and $ 17 million, respectively of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates above. (3) As of both June 30, 2021 and December 31, 2020, presented net of $ 8 million of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above. (4) We have entered into a fleet management services agreement (the “Fleet Agreement”) which, among other things, allows us to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are finance 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 ranging from 1.33 % to 2.45 % . (5) Primarily represents future payments in connection with acquisitions. (6) We paid approximately $ 50 million for deferred purchase price and an earnout related to the 2018 purchase of Copesan in the three months ended June 30, 2021. Interest Rate Swap The interest rate swap agreement in effect as of June 30, 2021 is as follows: Trade Date Effective Date Expiration Date Notional Amount Fixed Rate (1) Floating Rate November 5, 2019 November 5, 2019 November 5, 2026 $ 546 million 1.615 % 1.731 % (1) Before the application of the applicable borrowing margin.

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	Note 12. Leases We determine if an arrangement is a lease at inception. Operating leases are included in Operating lease right-of-use assets, Current portion of lease liability and Long-term lease liability on the Condensed Consolidated Statements of Financial Position. Finance leases are included in Property and equipment, net; Current portion of long-term debt and Long-term debt on the Condensed Consolidated Statements of Financial Position. As of June 30, 2021 and December 31, 2020, assets recorded under finance leases were $ 261 million and $ 249 million, respectively, and accumulated depreciation was $ 165 million and $ 155 million, respectively. The components of lease expense were as follows: Three months ended June 30, Six months ended June 30, (In millions) 2021 2020 2021 2020 Finance lease cost Depreciation of finance lease ROU assets $ 10 $ 10 $ 21 $ 20 Interest on finance lease liabilities 1 1 1 2 Operating lease cost 5 6 11 13 Variable lease cost — 1 1 1 Sublease income ( 1 ) ( 1 ) ( 2 ) ( 1 ) Total lease cost $ 16 $ 17 $ 32 $ 33 Supplemental cash flow information and other information for leases was as follows: As of June 30, (In millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 12 $ 14 Operating cash flows for finance leases 1 2 Financing cash flows for finance leases 20 20 ROU assets obtained in exchange for lease obligations: Operating leases 8 3 Finance leases 23 16 Weighted Average Remaining Lease Term (in years): Operating leases 10.10 10.57 Finance leases 3.62 3.33 Weighted Average Discount Rate: Operating leases 5.25 % 5.60 % Finance leases 4.90 % 4.46 % As of June 30, 2021 and December 31, 2020 , there were $ 33 million and $ 35 million, respectively, of finance leases included within Current portion of long-term debt and $ 64 million and $ 60 million, respectively, of finance leases included within Long-term debt, respectively, on the Condensed Consolidated Statements of Financial Position. Future minimum lease payments under non-cancellable leases as of June 30, 2021 were as follows: (In millions) Operating Leases (1) Finance Leases Year ended December 31, 2021 (excluding the six months ended June 30, 2021) $ 11 $ 19 2022 21 31 2023 17 22 2024 13 15 2025 12 10 Thereafter 73 5 Total future minimum lease payments 148 103 Less imputed interest ( 36 ) ( 5 ) Total $ 112 $ 98 ___________________________________ (1) Each year through 2033 is presented net of approximately $ 3 million of projected annual sublease income from formerly owned frontdoor, inc. and ServiceMaster Brands for their subleases of our headquarters.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2021
Acquisitions [Abstract]
Acquisitions	Note 13. 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. During the six months ended June 30, 2021, we used available cash on hand to fund a $ 45 million investment in acquisitions, which included $ 36 million for five tuck-in acquisitions. Another $ 5 million of deferred purchase price is due to the sellers between one year and three years from the acquisition dates. We also completed approximately $ 9 million of funding for a minority interest investment, approximately $ 8 million of which was included in Accrued liabilities‒Other on the Consolidated Statements of Financial position as of December 31, 2020 . We recorded preliminary goodwill of $ 25 million and other intangibles, primarily customer relationships, of $ 14 million. The purchase price allocations for these acquisitions will be finalized no later than one year from the respective acquisition dates. For incomplete purchase price allocations, we are evaluating working capital balances, the intangible and tangible assets acquired and appropriate useful lives to assign to all assets, including intangibles. During the six months ended June 30, 2020, we used available cash on hand to fund a $ 24 million investment in acquisitions, which included $ 7 million for seven tuck-in acquisitions, as well as $ 18 million for final funding for two pest management acquisitions and minority interests completed in 2019 that were included in Accrued liabilities—Other on the Consolidated Statements of Financial Position as of December 31, 2019. Another $ 2 million of deferred purchase price on the 2020 acquisitions is due to the sellers between one year and three years from the acquisition dates. As of June 30, 2021, we had recorded $ 3 million of goodwill for the 2020 acquisitions. We also made a minority investment in a pest management company for approximately $ 7 million, which was unfunded and is included in Accrued liabilities—Other in the Condensed Consolidated Statements of Financial Position. During the six months ended June 30, 2020, we also received $ 3 million from post-closing working capital adjustments related to acquisitions completed in 2019. Supplemental cash flow information regarding the acquisitions was as follows: Six Months Ended June 30, (In millions) 2021 2020 Assets acquired $ 40 $ 9 Liabilities assumed — — Net assets acquired $ 40 $ 9 Net cash paid $ 36 $ 7 Seller financed debt 5 2 Purchase price $ 40 $ 9

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Taxes [Abstract]
Income Taxes	Note 14. Income Taxes As required by ASC 740, “Income Taxes,” we compute interim period income taxes by applying an anticipated annual effective tax rate to our year-to-date income or loss from continuing operations before income taxes, except for significant unusual or infrequently occurring items. Our estimated tax rate is adjusted each quarter in accordance with ASC 740. The effective tax rate on income from continuing operations was 27.9 percent and 31.0 percent for the three months ended June 30, 2021 and 2020 , respectively. The effective tax rate on income from continuing operations was 28.1 percent and 28.5 percent for the six months ended June 30, 2021 and 2020, respectively. As of June 30, 2021 and December 31, 2020, we had $ 14 million and $ 14 million, respectively, of tax benefits primarily reflected in U.S. Federal and 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. Our policy is to recognize interest income, interest expense and penalties related to our tax positions within the tax provision.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
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 $ 878 million and $ 920 million, and the estimated fair value was $ 951 million and $ 989 million as of June 30, 2021 and December 31, 2020, respectively. The fair value of our 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 us as of June 30, 2021 and December 31, 2020. We have estimated the fair value of our financial instruments measured at fair value on a recurring basis using the market and income approaches. For deferred compensation trust assets and derivative contracts, which are carried at their fair values, our 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. We regularly review the forward price curves obtained from third-party market data providers and related changes in fair value for reasonableness utilizing information available to us from other published sources. Cross-currency interest rate swaps are valued using forward foreign currency exchange rates 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 foreign exchange rate between the U.S. dollar and Swedish krona as of each settlement date and applying the difference between the two rates to the notional amount of the investment in the cross-currency interest rate swap contracts. Changes in the fair value of the interest rate swap contracts, fuel swap contracts and cross-currency interest rate swap designated as a net investment hedge are recorded within Other comprehensive (loss) income on the Condensed Consolidated Statements of Financial Position. Changes in the fair value of the cross-currency interest rate swap designated as a cash flow hedge are recorded within Selling and administrative expenses on the Condensed Consolidated Statements of Operations and Comprehensive Income, offsetting foreign currency fluctuations on the hedged instrument. Interest accruals and coupon payments are recognized directly in interest expense, thus reflecting a Swedish krona fixed rate. Upon discontinuation of the net investment hedge, the changes in spot value and any amounts excluded from the assessment of hedge effectiveness that have not been recognized in earnings will remain within CTA until the hedged net investment is sold, diluted, or liquidated. We have not changed our 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 June 30, 2021 and 2020. The carrying amount and estimated fair value of our financial instruments that are recorded at fair value on a recurring basis for the periods presented were 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 June 30, 2021: Financial Assets: Deferred compensation trust Long-term marketable securities $ 15 $ 15 $ — $ — Fuel swap contracts Prepaid expenses and other assets and Other assets 6 — — 6 Total financial assets $ 21 $ 15 $ — $ 6 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 11 $ — $ 11 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 18 — 18 — Interest rate swap contract Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims 19 — 19 — Total financial liabilities $ 48 $ — $ 48 $ — As of December 31, 2020: Financial Assets: Deferred compensation trust assets Long-term marketable securities $ 14 $ 14 $ — $ — Fuel swap contracts Prepaid expenses and other assets and Other assets 3 — — 3 Total financial assets $ 18 $ 14 $ — $ 3 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 15 $ — $ 15 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 23 — 23 — Interest rate swap contract Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims 34 — 34 — Total financial liabilities $ 72 $ — $ 72 $ — 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, 2020 $ 3 Total gains (losses) (realized and unrealized) Included in earnings 3 Cost of services rendered and products sold Included in other comprehensive income 3 Settlements ( 3 ) Balance as of June 30, 2021 $ 6 Balance as of December 31, 2019 $ 1 Total gains (losses) (realized and unrealized) Included in earnings 2 Cost of services rendered and products sold Included in other comprehensive income ( 4 ) Settlements — Balance as of June 30, 2020 $ ( 2 ) The following tables present information relating to the significant unobservable inputs of our Level 3 financial instruments: Fair Value Valuation Weighted (in millions) Technique Unobservable Input Range Average As of June 30, 2021: Fuel swap contracts $ 6 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 2.96 - $ 3.34 $ 3.14 As of December 31, 2020: Fuel swap contracts $ 3 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 2.20 - $ 2.58 $ 2.44 ___________________________________ (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. As of June 30, 2021, we had fuel swap contracts to pay fixed prices for fuel with an aggregate notional amount of $ 18 million, maturing through 2022. Under the terms of our fuel swap contracts, we are 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 June 30, 2021, we had posted $ 2 million in letters of credit as collateral under our 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 9 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 less than $ 1 million, net of tax, as of June 30, 2021 . 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	6 Months Ended
	Jun. 30, 2021
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 share units 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 Six Months Ended June 30, June 30, (In millions, except per share data) 2021 2020 2021 2020 Income from continuing operations $ 54 $ 40 $ 81 $ 41 Weighted-average common shares outstanding 127.4 131.9 129.3 133.4 Effect of dilutive securities: RSUs 0.3 0.1 0.3 0.1 Stock options (1) 0.2 0.0 0.2 0.0 Weighted-average common shares outstanding—assuming dilution 127.8 132.0 129.8 133.5 Basic earnings per share from continuing operations $ 0.42 $ 0.30 $ 0.63 $ 0.31 Diluted earnings per share from continuing operations $ 0.42 $ 0.30 $ 0.62 $ 0.31 ___________________________________ (1) Options to purchase 0.1 million and 1.6 million shares for the three months ended June 30, 2021, and 2020, respectively, and 0.1 million and 1.4 million shares for the six months ended June 30, 2021, and 2020, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.

Significant Accounting Polici_2

Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies [Abstract]
Adoption Of New Accounting Standards	Adoption of New Accounting Standards In December 2019, the FASB issued ASU No. 2019-12, “ Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ,” which simplifies the accounting for income taxes by removing certain exceptions. We adopted this ASU on January 1, 2021, including the applicable retrospective and prospective provisions therein. The adoption of this ASU did not have a material impact on our consolidated financial statements as of June 30, 2021. In November 2020, the SEC issued Rule 33-10890, “ Management’s Discussion and Analysis, Selected Financial Data, and Supplementary Financial Information .” This rule could be early adopted in its entirety as of February 10, 2021. The rule modernized, simplified and enhanced financial statement disclosures required by Regulation S-K. We early adopted all the provisions in the rule as of February 10, 2021, which primarily resulted in the elimination of duplicative disclosure of legal matters and improved discussions within management’s discussion and analysis. We have reviewed all other recently issued, but not yet effective, accounting pronouncements and do not expect the future adoption of any such pronouncements will have a material impact on our financial condition or the results of our operations.

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2021
Revenues[Abstract]
Disaggregation Of Revenue	Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 Major service line Residential Pest Management $ 192 $ 182 $ 358 $ 341 Commercial Pest Management 141 124 270 248 Termite and Home Services 193 196 354 351 Sales of Products and Other 34 32 50 50 Total $ 560 $ 534 $ 1,032 $ 990
Revenue By Geographic Area	Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 United States $ 526 $ 510 $ 967 $ 941 International 34 24 64 49 Total $ 560 $ 534 $ 1,032 $ 990
Movement In Deferred Revenue	(In millions) Deferred revenue Balance as of December 31, 2020 $ 102 Deferral of revenue 82 Recognition of deferred revenue ( 75 ) Balance as of June 30, 2021 $ 110 Balance as of December 31, 2019 $ 92 Deferral of revenue 63 Recognition of deferred revenue ( 59 ) Balance as of June 30, 2020 $ 95

Restructuring And Other Charg_2

Restructuring And Other Charges (Tables)	6 Months Ended
	Jun. 30, 2021
Restructuring And Other Charges [Abstract]
Schedule Of Restructuring Charges	Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 Severance $ 2 $ 4 $ 5 $ 5 Other (1) 1 4 3 7 Total restructuring charges $ 2 $ 8 $ 9 $ 12 ___________________________________ (1) Primarily owned building and operating lease right-of-use asset impairment charges, and costs to simplify our back-office and align as a singularly focused pest management company.
Schedule Of Reconciliation Of The Beginning And Ending Balances Of Accrued Restructuring Charges	Accrued Accrued Total Accrued Severance Other Restructuring (In millions) Charges Charges Charges Balance as of December 31, 2020 $ 2 $ — $ 2 Costs incurred 5 3 9 Costs paid or otherwise settled ( 3 ) ( 3 ) ( 7 ) Balance as of June 30, 2021 $ 4 $ — $ 4 Balance as of December 31, 2019 $ 1 $ 1 $ 1 Costs incurred 5 7 12 Costs paid or otherwise settled ( 3 ) ( 5 ) ( 8 ) Balance as of June 30, 2020 $ 3 $ 2 $ 5

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2021
Discontinued Operations [Abstract]
Schedule Of Operating Results Of Discontinued Operations	Three Months Ended Six Months Ended (In millions) June 30, 2020 June 30, 2020 Revenue $ 63 $ 128 Cost of services rendered and products sold 31 60 Operating expenses (1) 15 32 Income before income taxes 18 35 Provision for income taxes 5 9 Net earnings from discontinued operations $ 13 $ 26 ___________________________________ (1) Includes $ 5 million and $ 9 million of professional fees and other costs incurred in connection with the strategic evaluation and ultimate sale in the three and six months ended June 30, 2020 .
Schedule Of Cash Flows Of Discontinued Operations	Six Months Ended (In millions) June 30, 2020 Depreciation $ — Amortization — Capital expenditures ( 1 )

Commitments And Contingencies (

Commitments And Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Accrued Self-Insured Claims, Net [Member]
Commitments and Contingencies [Line Items]
Schedule Of Reconciliation Of Beginning And Ending Accrued Claims	Accrued Self-insured (In millions) Claims, Net Balance as of December 31, 2020 $ 126 Provision for self-insured claims 18 Cash payments ( 15 ) Balance as of June 30, 2021 $ 129 Balance as of December 31, 2019 $ 111 Provision for self-insured claims 24 Cash payments ( 16 ) Balance as of June 30, 2020 $ 119
Litigated Claims And Non-Litigated Claims [Member]
Commitments and Contingencies [Line Items]
Schedule Of Reconciliation Of Beginning And Ending Accrued Claims	Accrued Termite Damage (In millions) Claims Balance as of December 31, 2020 $ 72 Provision for termite damage claims 34 Cash payments ( 34 ) Balance as of June 30, 2021 $ 71 Balance as of December 31, 2019 $ 80 Provision for termite damage claims 27 Cash payments ( 24 ) Balance as of June 30, 2020 $ 83

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Goodwill And Intangible Assets [Abstract]
Schedule Of Goodwill Balances For Continuing Operations By Reportable Segment And For Other Operations And Headquarters	(In millions) Balance as of December 31, 2020 $ 2,146 Acquisitions 25 Impact of foreign exchange rates ( 3 ) Balance as of June 30, 2021 $ 2,168
Schedule Of Other Intangible Asset Balances For Continuing Operations	As of June 30, 2021 As of December 31, 2020 Accumulated Accumulated (In millions) Gross Amortization Net Gross Amortization Net Trade names (1) $ 888 $ — $ 888 $ 888 $ — $ 888 Customer relationships 661 ( 469 ) 191 650 ( 454 ) 196 Other 71 ( 47 ) 24 70 ( 43 ) 27 Total $ 1,620 $ ( 516 ) $ 1,104 $ 1,608 $ ( 497 ) $ 1,111 ___________________________________ (1) Not subject to amortization.
Schedule Of Anticipated Amortization Expense Of Intangible Assets	(In millions) 2021 2022 2023 2024 2025 2026 Amortization expense $ 19 $ 39 $ 35 $ 26 $ 21 $ 15

Comprehensive (Loss) Income (Ta

Comprehensive (Loss) Income (Tables)	6 Months Ended
	Jun. 30, 2021
Comprehensive (Loss) Income [Abstract]
Summary Of The Activity In Other Comprehensive Income (Loss), Net Of The Related Tax Effects	Unrealized Gains Foreign (Losses) on Currency (In millions) Derivatives Translation Total Balance as of December 31, 2020 $ ( 16 ) $ ( 23 ) $ ( 39 ) Other comprehensive (loss) income before reclassifications: Pre-tax amount 26 ( 1 ) 25 Tax provision ( 5 ) — ( 5 ) After-tax amount 21 ( 1 ) 20 Amounts reclassified from accumulated other comprehensive (loss) income (1) ( 4 ) — ( 4 ) Amounts reclassified within accumulated other comprehensive (loss) income (2) ( 6 ) 6 — Net current period other comprehensive income 11 5 17 Balance as of June 30, 2021 $ ( 4 ) $ ( 18 ) $ ( 22 ) Balance as of December 31, 2019 $ 13 $ ( 5 ) $ 9 Other comprehensive (loss) income before reclassifications: Pre-tax amount ( 55 ) ( 6 ) ( 61 ) Tax provision 12 — 12 After-tax amount ( 44 ) ( 6 ) ( 50 ) Amounts reclassified from accumulated other comprehensive (loss) income (1) 1 — 1 Amounts reclassified within accumulated other comprehensive (loss) income (2) 10 ( 10 ) — Net current period other comprehensive loss ( 33 ) ( 16 ) ( 48 ) Balance as of June 30, 2020 $ ( 19 ) $ ( 20 ) $ ( 40 ) ___________________________________ (1) Amounts are net of tax. See reclassification out of accumulated other comprehensive income below for further details. (2) Represents reclassifications from our net investment hedge related to foreign currency exchange rate fluctuations.
Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)	Amounts Reclassified from Accumulated Other Comprehensive (Loss) Income Three Months Ended Six Months Ended June 30, June 30, (In millions) 2021 2020 2021 2020 Gains (losses) on derivatives: Fuel swap contracts $ 2 $ ( 2 ) $ 3 $ ( 2 ) Interest rate swap contracts ( 2 ) — ( 3 ) — Cross-currency interest rate swap ( 2 ) ( 1 ) 3 — Net gains (losses) on derivatives ( 1 ) ( 2 ) 4 ( 2 ) Impact of income taxes — 1 — 1 Total reclassifications for the period $ ( 1 ) $ ( 2 ) $ 4 $ ( 1 )

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Information Relating To The Unaudited Condensed Consolidated Statements Of Cash Flows	Six Months Ended June 30, (In millions) 2021 2020 Cash paid for or (received from): Interest expense $ 27 $ 42 Interest and dividend income — ( 1 ) Income taxes, net of refunds 3 ( 15 )
Summary Of Cash And Cash Equivalents And Restricted Cash	As of June 30, (In millions) 2021 2020 Cash and cash equivalents $ 313 $ 302 Restricted cash 89 89 Total Cash and cash equivalents and Restricted cash $ 402 $ 391

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Long-Term Debt [Abstract]
Schedule Of Long-Term Debt	As of As of June 30, December 31, (In millions) 2021 2020 Senior secured term loan facility maturing in 2026 (1) $ 539 $ 539 Revolving credit facility maturing 2024 — — 7.45 % notes maturing in 2027 (2) 171 169 7.25 % notes maturing in 2038 (3) 41 41 Vehicle finance leases (4) 98 95 Other (5) 29 77 Less current portion (6) ( 44 ) ( 94 ) Total long-term debt $ 834 $ 826 __________________________________ (1) As of June 30, 2021 and December 31, 2020, presented net of $ 6 million and $ 7 million in unamortized debt issuance costs, respectively, and $ 1 million of unamortized original issue discount in each period. (2) As of June 30, 2021 and December 31, 2020, presented net of $ 16 million and $ 17 million, respectively of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates above. (3) As of both June 30, 2021 and December 31, 2020, presented net of $ 8 million of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above. (4) We have entered into a fleet management services agreement (the “Fleet Agreement”) which, among other things, allows us to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are finance 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 ranging from 1.33 % to 2.45 % . (5) Primarily represents future payments in connection with acquisitions. (6) We paid approximately $ 50 million for deferred purchase price and an earnout related to the 2018 purchase of Copesan in the three months ended June 30, 2021.
Schedule of Interest Rate Swap Agreements	Trade Date Effective Date Expiration Date Notional Amount Fixed Rate (1) Floating Rate November 5, 2019 November 5, 2019 November 5, 2026 $ 546 million 1.615 % 1.731 % (1) Before the application of the applicable borrowing margin.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Components Of Lease Expense	Three months ended June 30, Six months ended June 30, (In millions) 2021 2020 2021 2020 Finance lease cost Depreciation of finance lease ROU assets $ 10 $ 10 $ 21 $ 20 Interest on finance lease liabilities 1 1 1 2 Operating lease cost 5 6 11 13 Variable lease cost — 1 1 1 Sublease income ( 1 ) ( 1 ) ( 2 ) ( 1 ) Total lease cost $ 16 $ 17 $ 32 $ 33
Supplemental Cash Flow Information And Other Information For Leases	As of June 30, (In millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 12 $ 14 Operating cash flows for finance leases 1 2 Financing cash flows for finance leases 20 20 ROU assets obtained in exchange for lease obligations: Operating leases 8 3 Finance leases 23 16 Weighted Average Remaining Lease Term (in years): Operating leases 10.10 10.57 Finance leases 3.62 3.33 Weighted Average Discount Rate: Operating leases 5.25 % 5.60 % Finance leases 4.90 % 4.46 %
Future Minimum Lease Payments Under Non-Cancellable Leases	(In millions) Operating Leases (1) Finance Leases Year ended December 31, 2021 (excluding the six months ended June 30, 2021) $ 11 $ 19 2022 21 31 2023 17 22 2024 13 15 2025 12 10 Thereafter 73 5 Total future minimum lease payments 148 103 Less imputed interest ( 36 ) ( 5 ) Total $ 112 $ 98 ___________________________________ (1) Each year through 2033 is presented net of approximately $ 3 million of projected annual sublease income from formerly owned frontdoor, inc. and ServiceMaster Brands for their subleases of our headquarters.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2021
Acquisitions [Abstract]
Schedule Of Supplemental Cash Flow Information Regarding Acquisitions	Six Months Ended June 30, (In millions) 2021 2020 Assets acquired $ 40 $ 9 Liabilities assumed — — Net assets acquired $ 40 $ 9 Net cash paid $ 36 $ 7 Seller financed debt 5 2 Purchase price $ 40 $ 9

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
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 June 30, 2021: Financial Assets: Deferred compensation trust Long-term marketable securities $ 15 $ 15 $ — $ — Fuel swap contracts Prepaid expenses and other assets and Other assets 6 — — 6 Total financial assets $ 21 $ 15 $ — $ 6 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 11 $ — $ 11 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 18 — 18 — Interest rate swap contract Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims 19 — 19 — Total financial liabilities $ 48 $ — $ 48 $ — As of December 31, 2020: Financial Assets: Deferred compensation trust assets Long-term marketable securities $ 14 $ 14 $ — $ — Fuel swap contracts Prepaid expenses and other assets and Other assets 3 — — 3 Total financial assets $ 18 $ 14 $ — $ 3 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 15 $ — $ 15 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 23 — 23 — Interest rate swap contract Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims 34 — 34 — Total financial liabilities $ 72 $ — $ 72 $ —
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, 2020 $ 3 Total gains (losses) (realized and unrealized) Included in earnings 3 Cost of services rendered and products sold Included in other comprehensive income 3 Settlements ( 3 ) Balance as of June 30, 2021 $ 6 Balance as of December 31, 2019 $ 1 Total gains (losses) (realized and unrealized) Included in earnings 2 Cost of services rendered and products sold Included in other comprehensive income ( 4 ) Settlements — Balance as of June 30, 2020 $ ( 2 )
Schedule Of Level 3 Financial Instruments	Fair Value Valuation Weighted (in millions) Technique Unobservable Input Range Average As of June 30, 2021: Fuel swap contracts $ 6 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 2.96 - $ 3.34 $ 3.14 As of December 31, 2020: Fuel swap contracts $ 3 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 2.20 - $ 2.58 $ 2.44 ___________________________________ (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)	6 Months Ended
	Jun. 30, 2021
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 Six Months Ended June 30, June 30, (In millions, except per share data) 2021 2020 2021 2020 Income from continuing operations $ 54 $ 40 $ 81 $ 41 Weighted-average common shares outstanding 127.4 131.9 129.3 133.4 Effect of dilutive securities: RSUs 0.3 0.1 0.3 0.1 Stock options (1) 0.2 0.0 0.2 0.0 Weighted-average common shares outstanding—assuming dilution 127.8 132.0 129.8 133.5 Basic earnings per share from continuing operations $ 0.42 $ 0.30 $ 0.63 $ 0.31 Diluted earnings per share from continuing operations $ 0.42 $ 0.30 $ 0.62 $ 0.31 ___________________________________ (1) Options to purchase 0.1 million and 1.6 million shares for the three months ended June 30, 2021, and 2020, respectively, and 0.1 million and 1.4 million shares for the six months ended June 30, 2021, and 2020, 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)	6 Months Ended
	Jun. 30, 2021segment
Basis Of Presentation [Abstract]
Number of reportable segments	1

Revenues (Narrative) (Details)

Revenues (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Deferred revenue	$ 110		$ 110		$ 102
Revenue recognized	18	$ 16	$ 49	$ 40
Contract with customer asset term			1 year
Contract asset	$ 26		$ 26		$ 27
Nomor [Member]
Disaggregation of Revenue [Line Items]
Deferred revenue		$ 17		$ 17		$ 15

Revenues (Disaggregation Of Rev

Revenues (Disaggregation Of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 560	$ 534	$ 1,032	$ 990
Residential Pest Management [Member]
Disaggregation of Revenue [Line Items]
Revenues	192	182	358	341
Commercial Pest Management [Member]
Disaggregation of Revenue [Line Items]
Revenues	141	124	270	248
Termite and Home Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	193	196	354	351
Sales of Products and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 34	$ 32	$ 50	$ 50

Revenues (Revenue By Geographic

Revenues (Revenue By Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 560	$ 534	$ 1,032	$ 990
United States [Member]
Disaggregation of Revenue [Line Items]
Revenues	526	510	967	941
International [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 34	$ 24	$ 64	$ 49

Revenues (Movement In Deferred

Revenues (Movement In Deferred Revenue) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Revenues[Abstract]
Balance at beginning of period	$ 102	$ 92
Deferral of revenue	82	63
Recognition of deferred revenue	(75)	(59)
Balance at end of period	$ 110	$ 95

Restructuring And Other Charg_3

Restructuring And Other Charges (Narrative) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 2	$ 8	$ 9	$ 12
Restructuring charges, net of tax		2	6	7	9
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]	$ 1	$ 4	$ 3	$ 7
[1]	Primarily owned building and operating lease right-of-use asset impairment charges, and costs to simplify our back-office and align as a singularly focused pest management company.

Restructuring And Other Charg_4

Restructuring And Other Charges (Schedule Of Restructuring Charges) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges		$ 2	$ 8	$ 9	$ 12
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges		2	4	5	5
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and other charges	[1]	$ 1	$ 4	$ 3	$ 7
[1]	Primarily owned building and operating lease right-of-use asset impairment charges, and costs to simplify our back-office and align as a singularly focused pest management company.

Restructuring And Other Charg_5

Restructuring And Other Charges (Schedule Of Reconciliation Of The Beginning And Ending Balances Of Accrued Restructuring Charges) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Balance at the beginning of the period				$ 2	$ 1
Costs incurred		$ 2	$ 8	9	12
Costs paid or otherwise settled				(7)	(8)
Balance at the end of the period		4	5	4	5
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Balance at the beginning of the period				2	1
Costs incurred		2	4	5	5
Costs paid or otherwise settled				(3)	(3)
Balance at the end of the period		4	3	4	3
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Balance at the beginning of the period					1
Costs incurred	[1]	$ 1	4	3	7
Costs paid or otherwise settled				$ (3)	(5)
Balance at the end of the period			$ 2		$ 2
[1]	Primarily owned building and operating lease right-of-use asset impairment charges, and costs to simplify our back-office and align as a singularly focused pest management company.

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - ServiceMaster Brands [Member] - USD ($) $ in Millions	Oct. 01, 2020	Jun. 30, 2021	Jun. 30, 2021
Details of assets and liabilities and operating results of discontinued operations
Sale of business, consideration received	$ 1,541
Gain on discontinued operations	$ 494
Transition Service Agreement, Fees Recorded During Period		$ 2	$ 6
Transition Service Agreement Fees, Rental Income, And Other Cost		2	3
Receivables, net		$ 1	$ 1

Discontinued Operations (Schedu

Discontinued Operations (Schedule Of Operating Results Of Discontinued Operations) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating results of discontinued operations
Revenue			$ 63		$ 128
Cost of services rendered and products sold			31		60
Operating expenses	[1]		15		32
Income before income taxes			18		35
Provision for income taxes			5		9
Net earnings from discontinued operations			13		26
Professional fees and other costs incurred			$ 5		$ 9
[1]	Includes $ 5 million and $ 9 million of professional fees and other costs incurred in connection with the strategic evaluation and ultimate sale in the three and six months ended June 30, 2020 .

Discontinued Operations (Sche_2

Discontinued Operations (Schedule Of Cash Flows Of Discontinued Operations) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Discontinued Operations [Abstract]
Capital expenditures	$ (1)

Commitments And Contingencies_2

Commitments And Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Loss Contingencies [Line Items]
Charge recorded in period	$ 4		$ 4
Mobile Bay Formosan [Member]
Loss Contingencies [Line Items]
Litigation payments	5
Consumer fund amount		$ 25
Litigation Settlement, Amount		$ 19
Charge recorded in period	$ 4

Commitments And Contingencies_3

Commitments And Contingencies (Schedule Of Reconciliation Of Beginning And Ending Accrued Self-Insured Claims) (Details) - Accrued Self-Insured Claims, Net [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies [Line Items]
Balance at the beginning of the period	$ 126	$ 111
Provision for self-insured claims	18	24
Cash payments	(15)	(16)
Balance at the end of the period	$ 129	$ 119

Commitments And Contingencies_4

Commitments And Contingencies (Schedule Of Reconciliation Of Beginning And Ending Accrued Litigated Claims And Non-Litigated Claims) (Details) - Litigated Claims And Non-Litigated Claims [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Commitments and Contingencies [Line Items]
Balance at the beginning of the period	$ 72	$ 80
Provision for termite damage claims	34	27
Cash payments	(34)	(24)
Balance at the end of the period	$ 71	$ 83

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill And Intangible Assets [Abstract]
Goodwill and trade name impairment	$ 0	$ 0	$ 0	$ 0
Accumulated impairment losses recorded in continuing operations	$ 0		$ 0

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets (Schedule Of Goodwill Balances For Continuing Operations By Reportable Segment And For Other Operations And Headquarters) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Goodwill balances by segment for continuing operations
Balance at the beginning of the period	$ 2,146
Acquisitions	25
Impact of foreign exchange rates	(3)
Balance at the end of the period	$ 2,168

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets (Schedule Of Other Intangible Asset Balances For Continuing Operations) (Details) - USD ($) $ in Millions		Jun. 30, 2021	Dec. 31, 2020
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		$ 1,620	$ 1,608
Accumulated Amortization		(516)	(497)
Net		1,104	1,111
Customer Relationships [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		661	650
Accumulated Amortization		(469)	(454)
Net		191	196
Trade Names, Finite, And Other [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		71	70
Accumulated Amortization		(47)	(43)
Net		24	27
Trade Names [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross	[1]	888	888
Net	[1]	$ 888	$ 888
[1]	Not subject to amortization.

Goodwill And Intangible Asset_5

Goodwill And Intangible Assets (Schedule Of Anticipated Amortization Expense Of Intangible Assets) (Details) $ in Millions	Jun. 30, 2021USD ($)
Goodwill And Intangible Assets [Abstract]
Amortization expense, 2021	$ 19
Amortization expense, 2022	39
Amortization expense, 2023	35
Amortization expense, 2024	26
Amortization expense, 2025	21
Amortization expense, 2026	$ 15

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	Feb. 24, 2015	Feb. 28, 2019	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Nov. 03, 2015	Apr. 27, 2015
Stock-Based Compensation [Line Items]
Stock-based compensation expense			$ 6	$ 5	$ 11	$ 10
Stock-based compensation expense, net of tax			4	$ 4	9	$ 7
Total unrecognized compensation costs related to non-vested stock options and restricted share units			$ 38		$ 38
Weighted-average period of recognition of stock-based compensation cost					1 year 11 months 26 days
Percent of current fair market value, discount eligible employees may purchase common stock		10.00%
Employee Stock Purchase Plan, maximum number of shares of common stock authorized for sale							1,000,000
Employee stock plan, shares remaining in ESPP		843,584
Expiration date for ESPP					Apr. 27, 2025
Maximum [Member]
Stock-Based Compensation [Line Items]
Percent of current fair market value, discount eligible employees may purchase common stock	10.00%
Employee Stock Purchase Plan, maximum number of shares of common stock authorized for sale								1,000,000
Employee Stock Purchase Plan [Member]
Stock-Based Compensation [Line Items]
Number of shares of available for issuance			762,190		762,190

Comprehensive (Loss) Income (Na

Comprehensive (Loss) Income (Narrative) (Details) - Interest Rate Swap Contract [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2021
Derivative [Line Items]
Derivative, Notional Amount	$ 650	$ 546
Amount Received From Terminated Interest Rate Swap	$ 12
Interest rate swap, remaining unamortized amount		$ 5

Comprehensive (Loss) Income (Su

Comprehensive (Loss) Income (Summary Of The Activity In Other Comprehensive Income (Loss), Net Of The Related Tax Effects) (Details) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period			$ (39)		$ 9	$ (39)	$ 9
Other comprehensive (loss) income before reclassifications:
Pre-tax amount						25	(61)
Tax provision						(5)	12
After-tax amount						20	(50)
Amounts reclassified from accumulated other comprehensive (loss) income	[1]					(4)	1
Net current period other comprehensive income (loss)		$ (5)	22	$ 1	(50)	17	(48)
Balance at the end of period		(22)		(40)		(22)	(40)
Unrealized Gains (Losses) On Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period			(16)		13	(16)	13
Other comprehensive (loss) income before reclassifications:
Pre-tax amount						26	(55)
Tax provision						(5)	12
After-tax amount						21	(44)
Amounts reclassified from accumulated other comprehensive (loss) income	[1]					(4)	1
Amount reclassified within accumulated other comprehensive (loss) income	[2]					(6)	10
Net current period other comprehensive income (loss)						11	(33)
Balance at the end of period		(4)		(19)		(4)	(19)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period			$ (23)		$ (5)	(23)	(5)
Other comprehensive (loss) income before reclassifications:
Pre-tax amount						(1)	(6)
After-tax amount						(1)	(6)
Amount reclassified within accumulated other comprehensive (loss) income	[2]					6	(10)
Net current period other comprehensive income (loss)						5	(16)
Balance at the end of period		$ (18)		$ (20)		$ (18)	$ (20)
[1]	Amounts are net of tax. See reclassification out of accumulated other comprehensive income below for further details.
[2]	Represents reclassifications from our net investment hedge related to foreign currency exchange rate fluctuations.

Comprehensive (Loss) Income (Sc

Comprehensive (Loss) Income (Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Impact of income taxes	$ (20)		$ (18)		$ (31)	$ (16)
Net Income	54	$ 27	53	$ 14	81	67
Amount Reclassified From Accumulated Other Comprehensive (Loss) Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on derivatives	(1)		(2)		4	(2)
Impact of income taxes			1			1
Net Income	(1)		(2)		4	(1)
Amount Reclassified From Accumulated Other Comprehensive (Loss) Income [Member] | Fuel Swap Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on derivatives	2		(2)		3	(2)
Amount Reclassified From Accumulated Other Comprehensive (Loss) Income [Member] | Interest Rate Swap Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on derivatives	(2)				(3)
Amount Reclassified From Accumulated Other Comprehensive (Loss) Income [Member] | Cross-Currency Interest Rate Swap [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on derivatives	$ (2)		$ (1)		$ 3

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash paid for or (received from):
Income taxes, net of refunds	$ 3	$ (15)
Tax overpayments	$ 12

Supplemental Cash Flow Inform_4

Supplemental Cash Flow Information (Schedule Of Supplemental Information Relating To The Unaudited Condensed Consolidated Statements Of Cash Flows) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash paid for or (received from):
Interest expense	$ 27	$ 42
Interest and dividend income		(1)
Income taxes, net of refunds	$ 3	$ (15)

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information (Summary Of Cash And Cash Equivalents And Restricted Cash) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 313	$ 615	$ 302
Restricted cash	89	$ 89	89
Total Cash and cash equivalents and Restricted cash	$ 402		$ 391

Long-Term Debt (Schedule Of Lon

Long-Term Debt (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Millions		3 Months Ended	6 Months Ended
		Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Long-term debt [Line Items]
Less current portion	[1]	$ (44)	$ (44)	$ (94)
Total long-term debt		834	834	826
Fleet Agreement [Member]
Long-term debt [Line Items]
Vehicle finance leases	[2]	98	$ 98	95
Variable rate basis			one-month LIBOR
Senior Secured Term Loan Facility Maturing In 2026 [Member] | Secured Debt [Member]
Long-term debt [Line Items]
Long-term debt	[3]	539	$ 539	539
Unamortized debt issuance costs		6	6	7
Unamortized original issue discount		1	1	1
5.125% Notes Maturing In 2024 [Member] | Notes [Member]
Long-term debt [Line Items]
Unamortized debt issuance costs		16	16	17
7.45% notes maturing in 2027 [Member] | Notes [Member]
Long-term debt [Line Items]
Long-term debt	[4]	$ 171	$ 171	$ 169
Interest rate (as a percent)		7.45%	7.45%	7.45%
7.25% notes maturing in 2038 [Member] | Notes [Member]
Long-term debt [Line Items]
Long-term debt	[5]	$ 41	$ 41	$ 41
Interest rate (as a percent)		7.25%	7.25%	7.25%
Notes 7.45%, And 7.25% Collectively [Member] | Notes [Member]
Long-term debt [Line Items]
Unamortized fair value adjustments related to purchase accounting		$ 8	$ 8	$ 8
Other [Member]
Long-term debt [Line Items]
Long-term debt	[6]	29	$ 29	$ 77
Minimum [Member] | Fleet Agreement [Member]
Long-term debt [Line Items]
Borrowing margin (as a percent)			1.33%
Maximum [Member] | Fleet Agreement [Member]
Long-term debt [Line Items]
Borrowing margin (as a percent)			2.45%
Copesan Services, Inc. (“Copesan”) [Member]
Long-term debt [Line Items]
Paid deferred purchase price		$ 50
[1]	We paid approximately $ 50 million for deferred purchase price and an earnout related to the 2018 purchase of Copesan in the three months ended June 30, 2021.
[2]	We have entered into a fleet management services agreement (the “Fleet Agreement”) which, among other things, allows us to obtain fleet vehicles through a leasing program. All leases under the Fleet Agreement are finance 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 ranging from 1.33 % to 2.45 % .
[3]	As of June 30, 2021 and December 31, 2020, presented net of $ 6 million and $ 7 million in unamortized debt issuance costs, respectively, and $ 1 million of unamortized original issue discount in each period.
[4]	As of June 30, 2021 and December 31, 2020, presented net of $ 16 million and $ 17 million, respectively of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates above.
[5]	As of both June 30, 2021 and December 31, 2020, presented net of $ 8 million of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates shown above.
[6]	Primarily represents future payments in connection with acquisitions.

Long-Term Debt (Schedule Of Int

Long-Term Debt (Schedule Of Interest Rate Swap Agreements) (Details) - Interest Rate Swap Contract [Member] - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2021	Dec. 31, 2019
Derivative [Line Items]
Derivative, Trade Date		Nov. 5, 2019
Derivative, Effective Date		Nov. 5, 2019
Derivative, Expiration Date		Nov. 5, 2026
Aggregate notional amount		$ 546	$ 650
Fixed Rate	[1]	1.615%
Floating Rate		1.731%
[1]	Trade Date Effective Date Expiration Date Notional Amount Fixed Rate (1) Floating Rate November 5, 2019 November 5, 2019 November 5, 2026 $ 546 million 1.615 % 1.731 % (1) Before the application of the applicable borrowing margin.

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Assets recorded under finance leases	$ 261	$ 249
Finance Lease, Accumulated Depreciation	165	155
Finance lease, liability, current	$ 33	$ 35
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Long-term Debt, Current Maturities	Long-term Debt, Current Maturities
Finance lease, liability, noncurrent	$ 64	$ 60
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term Debt and Capital Lease Obligations	Long-term Debt and Capital Lease Obligations

Leases (Components Of Lease Exp

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Depreciation of finance lease ROU assets	$ 10	$ 10	$ 21	$ 20
Interest on finance lease liabilities	1	1	1	2
Operating lease cost	5	6	11	13
Variable lease cost		1	1	1
Sublease income	(1)	(1)	(2)	(1)
Total lease cost	$ 16	$ 17	$ 32	$ 33

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information And Other Information For Leases) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Operating cash flows for operating leases	$ 12	$ 14
Operating cash flows for finance leases	1	2
Financing cash flows for finance leases	20	20
ROU assets obtained in exchange for lease obligations: Operating leases	8	3
ROU assets obtained in exchange for lease obligations: Finance leases	$ 23	$ 16
Weighted Average Remaining Lease Term (in years): Operating leases	10 years 1 month 6 days	10 years 6 months 25 days
Weighted Average Remaining Lease Term (in years): Finance leases	3 years 7 months 13 days	3 years 3 months 29 days
Weighted Average Discount Rate: Operating leases	5.25%	5.60%
Weighted Average Discount Rate: Finance leases	4.90%	4.46%

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments Under Non-Cancellable Leases) (Details) $ in Millions	Jun. 30, 2021USD ($)
Leases [Abstract]
Operating Leases, 2021 (excluding the six months ended June 30, 2021)	$ 11	[1]
Operating Leases, 2022	21	[1]
Operating Leases, 2023	17	[1]
Operating Leases, 2024	13	[1]
Operating Leases, 2025	12	[1]
Operating Leases, Thereafter	73	[1]
Operating Leases, Total future minimum lease payments	148	[1]
Operating Leases, Less imputed interest	(36)	[1]
Operating Leases, Total	112	[1]
Finance Leases, 2021 (excluding the three months ended March 31, 2021)	19
Finance Leases, 2022	31
Finance Leases, 2023	22
Finance Leases, 2024	15
Finance Leases, 2025	10
Finance Leases, Thereafter	5
Finance Leases, Total future minimum lease payments	103
Finance Leases, Less imputed interest	(5)
Finance Leases, Total	98
Expected sublease income, amount expected each year	$ 3
[1]	Each year through 2033 is presented net of approximately $ 3 million of projected annual sublease income from formerly owned frontdoor, inc. and ServiceMaster Brands for their subleases of our headquarters.

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)item	Jun. 30, 2020USD ($)item	Dec. 31, 2020USD ($)
Acquisitions [Line Items]
Contingent consideration	$ 5	$ 2
Business acquisitions, net of cash acquired	45	24
Post-closing working capital adjustment received		$ 3
Accrued liabilities, other	100		$ 99
Goodwill	2,168		2,146
Customer Relationships [Member]
Acquisitions [Line Items]
Other intangibles related to acquisitions	$ 14
Five Tuck-In Pest Control [Member]
Acquisitions [Line Items]
Number of Businesses Acquired | item	5
Business acquisitions, net of cash acquired	$ 36
Seven Tuck-In Pest Control [Member]
Acquisitions [Line Items]
Number of Businesses Acquired | item		7
Business acquisitions, net of cash acquired		$ 7
Two Pest Management [Member]
Acquisitions [Line Items]
Number of Businesses Acquired | item		2
Business acquisitions, net of cash acquired		$ 18
The 2021 Acquisitions [Member]
Acquisitions [Line Items]
Goodwill	25
The 2020 Acquisitions [Member]
Acquisitions [Line Items]
Goodwill		3
Minority Investment [Member]
Acquisitions [Line Items]
Business acquisitions, net of cash acquired	$ 9	$ 7
Accrued liabilities, other			$ 8
Minimum [Member]
Acquisitions [Line Items]
Contingent consideration, term	1 year	1 year
Maximum [Member]
Acquisitions [Line Items]
Contingent consideration, term	3 years	3 years
Period from acquisition, purchase price allocation will be completed	1 year

Acquisitions (Schedule Of Suppl

Acquisitions (Schedule Of Supplemental Cash Flow Information Regarding Acquisitions) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Supplemental cash flow information regarding acquisitions
Assets acquired	$ 40	$ 9
Net assets acquired	40	9
Net cash paid	36	7
Seller financed debt	5	2
Purchase price	$ 40	$ 9

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Taxes [Abstract]
Effective tax rate on income from continuing operations (as a percent)	27.90%	31.00%	28.10%	28.50%
Unrecognized tax benefits that would impact effective tax rate if recognized	$ 14		$ 14		$ 14
Unrecognized tax benefits, reasonably possible decrease within the next 12 months	$ 2		$ 2

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Letters of credit posted as collateral under fuel hedging program	$ 2
Carrying Value [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Long term debt and capital lease obligation	878	$ 920
Estimated Fair Value [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of total debt	951	$ 989
Fuel Swap Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Aggregate notional amount	18
Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Hedging gains and losses in accumulated other comprehensive income expected to be recognized in earnings, net of tax	$ (1)

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	Jun. 30, 2021	Dec. 31, 2020
Quoted Prices In Active Markets (Level 1) [Member]
Financial Assets:
Deferred compensation trust	$ 15	$ 14
Total financial assets	15	14
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Total financial liabilities	48	72
Significant Other Observable Inputs (Level 2) [Member] | Cross-Currency Interest Rate Swap [Member]
Financial Assets:
Derivative contracts	11	15
Significant Other Observable Inputs (Level 2) [Member] | Net Investment Hedge [Member]
Financial Assets:
Derivative contracts	18	23
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swap Contract [Member]
Financial Assets:
Derivative contracts	19	34
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Total financial assets	6	3
Significant Unobservable Inputs (Level 3) [Member] | Fuel Swap Contracts [Member]
Financial Assets:
Derivative asset, current	6	3
Carrying Value [Member]
Financial Assets:
Deferred compensation trust	15	14
Total financial assets	21	18
Total financial liabilities	48	72
Carrying Value [Member] | Cross-Currency Interest Rate Swap [Member]
Financial Assets:
Derivative contracts	11	15
Carrying Value [Member] | Net Investment Hedge [Member]
Financial Assets:
Derivative contracts	18	23
Carrying Value [Member] | Fuel Swap Contracts [Member]
Financial Assets:
Derivative asset, current	6	3
Carrying Value [Member] | Interest Rate Swap Contract [Member]
Financial Assets:
Derivative contracts	$ 19	$ 34

Fair Value Measurements (Sche_2

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] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
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	$ 3	$ 1
Total gains (losses) (realized and unrealized)
Included in earnings	3	2
Included in other comprehensive income	3	(4)
Settlements	(3)
Balance at the end of the period	$ 6	$ (2)

Fair Value Measurements (Sche_3

Fair Value Measurements (Schedule Of Level 3 Financial Instruments) (Details) - Fuel Swap Contracts [Member] $ in Millions		Jun. 30, 2021USD ($)$ / gal	Dec. 31, 2020USD ($)$ / gal	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Information relating to the significant unobservable inputs of Level 3 financial instruments
Fair value | $		$ 6	$ 3	$ (2)	$ 1
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)	[1]	2.96	2.20
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)	[1]	3.34	2.58
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)		3.14	2.44
[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		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Income from continuing operations		$ 54	$ 40	$ 81	$ 41
Weighted-average common shares outstanding		127.4	131.9	129.3	133.4
Effect of dilutive securities:
Weighted-average common shares outstanding-assuming dilution		127.8	132	129.8	133.5
Basic earnings per share from continuing operations (in dollars per share)		$ 0.42	$ 0.30	$ 0.63	$ 0.31
Diluted earnings per share from continuing operations (in dollars per share)		$ 0.42	$ 0.30	$ 0.62	$ 0.31
Antidilutive securities excluded from computation of diluted earnings per share (in shares)		0.1	1.6	0.1	1.4
RSUs [Member]
Effect of dilutive securities:
Dilutive securities		0.3	0.1	0.3	0.1
Stock Options [Member]
Effect of dilutive securities:
Dilutive securities	[1]	0.2	0	0.2	0
[1]	Options to purchase 0.1 million and 1.6 million shares for the three months ended June 30, 2021, and 2020, respectively, and 0.1 million and 1.4 million shares for the six months ended June 30, 2021, and 2020, respectively, were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.