Terminix Global (TMX) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 03, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		121,503,352
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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
	Mar. 31, 2022	Mar. 31, 2021
Condensed Consolidated Statements of Operations and Comprehensive Income [Abstract]
Revenue	$ 496	$ 471
Cost of services rendered and products sold	296	270
Selling and administrative expenses	138	137
Amortization expense	10	10
Acquisition-related costs	0	1
Restructuring and other charges	19	6
Interest expense	11	12
Interest and net investment income	1	(1)
Income before Income Taxes	21	37
Provision for income taxes	3	11
Equity in earnings of joint ventures	1	0
Net Income	19	27
Other Comprehensive Income, Net of Income Taxes:
Net unrealized gains on derivative instruments	23	14
Foreign currency translation gain	5	8
Other Comprehensive Income, Net of Income Taxes	28	22
Total Comprehensive Income	$ 47	$ 49
Weighted-average common shares outstanding - Basic	121.4	131.4
Weighted-average common shares outstanding - Diluted	121.6	131.9
Basic Earnings Per Share:
Net Income (in dollars per share)	$ 0.15	$ 0.20
Diluted Earnings Per Share:
Net Income (in dollars per share)	$ 0.15	$ 0.20

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 170	$ 116
Receivables, less allowances of $30 and $32, respectively	195	206
Inventories	44	41
Prepaid expenses and other assets	164	151
Total Current Assets	573	514
Other Assets:
Property and equipment, net	192	196
Operating lease right-of-use assets	74	79
Goodwill	2,210	2,211
Intangible assets, primarily trade names, service marks and trademarks, net	1,085	1,097
Restricted cash	89	89
Notes receivable	38	36
Long-term marketable securities	14	15
Deferred customer acquisition costs	94	98
Other assets	126	77
Total Assets	4,495	4,410
Current Liabilities:
Accounts payable	105	85
Accrued liabilities:
Payroll and related expenses	69	81
Self-insured claims and related expenses	67	72
Accrued interest payable	3	7
Other	101	95
Deferred revenue	108	103
Current portion of lease liability	18	18
Current portion of long-term debt	77	50
Total Current Liabilities	547	511
Long-Term Debt	848	849
Other Long-Term Liabilities:
Deferred taxes	398	387
Other long-term obligations, primarily self-insured claims	182	197
Long-term lease liability	92	92
Total Other Long-Term Liabilities	672	677
Stockholders' Equity:
Common stock $0.01 par value (authorized 2,000,000,000 shares with 149,330,214 shares issued and 121,493,685 outstanding at March 31, 2022 and 149,095,168 shares issued and 121,258,729 outstanding shares outstanding at December 31, 2021)	2	2
Additional paid-in capital	2,398	2,391
Retained Earnings	986	967
Accumulated other comprehensive income (loss)	6	(22)
Less common stock held in treasury, at cost (27,836,439 shares at March 31, 2022 and 27,836,439 shares at December 31, 2021)	(964)	(964)
Total Stockholders' Equity	2,428	2,375
Total Liabilities and Stockholders' Equity	$ 4,495	$ 4,410

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Condensed Consolidated Statements of Financial Position [Abstract]
Allowance for receivables (in dollars)	$ 30	$ 32
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)	149,330,124	149,095,168
Common stock, shares outstanding (in shares)	121,493,685	121,258,729
Treasury stock (in shares)	27,836,439	27,836,439

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, 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)
Net Income			27			27
Other comprehensive income, 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, 2021	149,000,000
Balance, value at Dec. 31, 2021	$ 2	2,391	967	(22)	$ (964)	$ 2,375
Treasury Stock, Shares at Dec. 31, 2021					(28,000,000)	(27,836,439)
Net Income			19			$ 19
Other comprehensive income, net of tax				28		28
Total Comprehensive Income			19	28		47
Exercise of stock options		1				1
Stock-based employee compensation		6				6
Balance, shares at Mar. 31, 2022	149,000,000
Balance, value at Mar. 31, 2022	$ 2	$ 2,398	$ 986	$ 6	$ (964)	$ 2,428
Treasury Stock, Shares at Mar. 31, 2022					(28,000,000)	(27,836,439)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Condensed Consolidated Statements of Cash Flows [Abstract]
Cash and Cash Equivalents and Restricted Cash at Beginning of Period	$ 205	$ 704
Cash Flows from Operating Activities
Net income	19	27
Equity in earnings of joint ventures	(1)	0
Depreciation expense	17	18
Amortization expense	10	10
Amortization of debt issuance costs	1	1
Amortization of lease right-of-use assets	4	4
Payments on fumigation related matters	(3)	0
Deferred income tax provision	2	5
Stock-based compensation expense	6	6
Restructuring and other charges	19	6
Payments for restructuring and other charges	(10)	(2)
Acquisition-related costs	0	1
Payments for acquisition-related costs	0	(1)
Other	(1)	4
Change in working capital, net of acquisitions:
Receivables	10	18
Inventories and other current assets	(10)	(14)
Accounts payable	20	5
Deferred revenue	5	7
Accrued liabilities	(14)	(19)
Accrued interest payable	(4)	(4)
Current income taxes	0	5
Net Cash Provided from Operating Activities	69	75
Cash Flows from Investing Activities
Property additions	(7)	(6)
Business acquisitions, net of cash acquired	0	(22)
Origination of notes receivable	(21)	(15)
Collections on notes receivable	18	17
Other investing	(31)	0
Net Cash Used for Investing Activities	(40)	(26)
Cash Flows from Financing Activities
Borrowings of debt	80	0
Payments of debt	(65)	(15)
Repurchase of common stock	0	(169)
Issuance of common stock and exercise of stock options	1	4
Net Cash Provided from (Used for) Financing Activities	16	(180)
Cash Flows from Discontinued Operations:
Cash provided from operating activities	9	0
Net Cash Provided from Discontinued Operations	9	0
Cash (Decrease) Increase During the Period	54	(131)
Cash and Cash Equivalents and Restricted Cash at End of Period	$ 258	$ 573

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2022
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 and Nomor. 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, 2021, as filed with the SEC (the “2021 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. 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. Proposed Acquisition by Rentokil On December 13, 2021, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Rentokil Initial plc, a public limited company incorporated under the laws of England and Wales (“Rentokil”), Rentokil Initial US Holdings, Inc., a Delaware corporation and a wholly owned subsidiary of Rentokil (“Bidco”), Leto Holdings I, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Bidco (“Merger Sub I”), and Leto Holdings II, LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of Bidco (“Merger Sub II”), pursuant to which, and subject to the satisfaction or waiver of the conditions set forth therein, (1) Merger Sub I will merge with and into the Company (the “First Merger”), with the Company surviving the First Merger as a wholly owned subsidiary of Bidco, and (2) immediately following the effective time of the First Merger (the “Effective Time”), the Company, as the surviving corporation in the First Merger, will merge with and into Merger Sub II (the “Second Merger” and, together with the First Merger, the “Mergers”), with Merger Sub II surviving the Second Merger as a wholly owned direct subsidiary of Bidco and an indirect wholly owned subsidiary of Rentokil. Under the Merger Agreement, at the Effective Time, each share of our common stock, par value $ 0.01 per share, issued and outstanding immediately prior to the Effective Time (other than certain excluded shares as described in the Merger Agreement) will be converted into the right to receive either:  a number of American depositary shares of Rentokil (each representing a beneficial interest in five ordinary shares of Rentokil) equal to (A) 1.0619 (the “Exchange Ratio”) plus (B) the quotient of $ 11.00 (the “Per Share Cash Amount”) and the volume weighted average price (measured in U.S. dollars) of Rentokil American depositary shares (measured using the volume weighted average price of Rentokil ordinary shares as a proxy) for the trading day that is two trading days prior to the Effective Time (or such other date as may be mutually agreed to by Rentokil and the Company) (such price, the “Rentokil ADS Price,” and such number of Rentokil American depositary shares, the “Stock Consideration”); or  an amount in cash, without interest, and in USD equal to the sum of (A) the Per Share Cash Amount plus (B) the product of the Exchange Ratio and the Rentokil ADS Price (the “Cash Consideration,” and together with the “Stock Consideration,” the “Merger Consideration”), in each case at the election of the holder of such share of our common stock, subject to certain allocation and proration provisions of the Merger Agreement. Immediately following such conversion, our shares of common stock will be automatically cancelled and cease to exist. The aggregate Cash Consideration and the aggregate Stock Consideration that will be issued in the Mergers will not vary as a result of individual election preferences. The respective obligations of the Company and Rentokil to consummate the Mergers are subject to the satisfaction or waiver of a number of conditions, including, among others the adoption of the Merger Agreement by the Company’s stockholders, and the approval of the Mergers contemplated by the Merger Agreement and other related matters by Rentokil’s shareholders. The respective obligations of the Company and Rentokil to consummate the Mergers are subject to the satisfaction or waiver of a number of conditions, including, among others the adoption of the Merger Agreement by the Company’s stockholders and the approval of the Mergers contemplated by the Merger Agreement and other related matters by Rentokil’s shareholders. As announced on March 15, 2022, the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired, thereby completing the necessary antitrust process in the US. A number of other conditions remain to be satisfied, including obtaining approval by the Company’s and Rentokil’s shareholders, and the registration of ADSs with the U.S. Securities and Exchange Commission and their listing on the New York Stock Exchange. In conjunction with the proposed Mergers, the parties have agreed that the Company may provide up to $ 20 million of cash retention awards (the “Retention Pool”) to Terminix teammates. The retention awards are designed to retain and incentivize the Terminix team as it executes the 2022 operating plan, achieves the consummation of the merger and assists with the integration of the combined company after closing of the transaction. Half of the Retention Pool has been allocated specifically to customer-facing, field operations teammates, and the remainder has been allocated to key back-office teammates.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
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 2021 Form 10-K. There have been no material changes to the significant accounting policies for the three months ended March 31, 2022, other than those described below. Accounting Standards Issued But Not Yet Effective In October 2021, the FASB issued ASU No. 2021-08, “ Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ,” require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 . The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, and early adoption is permitted. We will adopt this ASU effective January 1, 2023. We do not expect the adoption of this ASU to have a material impact on our consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832) , Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The ASU is effective for fiscal years beginning after December 15, 2021 and only impacts annual financial statement footnote disclosures. We do not expect the adoption to have a material effect on our consolidated financial statements. 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	3 Months Ended
	Mar. 31, 2022
Revenues[Abstract]
Revenues	Note 3. Revenues The following tables present our reportable segment revenues, 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. Revenue by major service line was as follows: Three Months Ended March 31, (In millions) 2022 2021 Major service line Residential Pest Management $ 175 $ 166 Commercial Pest Management 132 129 Termite and Home Services 171 162 Sales of Products and Other 18 15 Total $ 496 $ 471 Revenue by geographic area was as follows: Three Months Ended March 31, (In millions) 2022 2021 United States $ 465 $ 441 International 31 30 Total $ 496 $ 471 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 unaudited 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 unaudited Condensed Consolidated Statement of Financial Position and totaled $ 27 million and $ 26 million as of March 31, 2022 and December 31, 2021, respectively. At contract inception, we assess the goods and services promised in our contracts with customers and identify a performance obligation for each promise to transfer to the customer a good or service (or a bundle of goods and services) that is distinct. To identify the performance obligation, we consider all of the goods and services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. Deferred revenue represents a contract liability and is recognized when cash payments are received in advance of the performance of services. Amounts are recognized as revenue upon completion of services. Changes in deferred revenue for the three months ended March 31, 2022 and 2021 were as follows: (In millions) Deferred revenue Balance as of December 31, 2021 $ 103 Deferral of revenue 44 Recognition of deferred revenue ( 39 ) Balance as of March 31, 2022 $ 108 Balance as of December 31, 2020 $ 102 Deferral of revenue 36 Recognition of deferred revenue ( 32 ) Balance as of March 31, 2021 $ 108 There was approximately $ 30 million of revenue recognized in the three ended March 31, 2022, that was included in the deferred revenue balance as of December 31, 2021. There was approximately $ 26 million of revenue recognized in the three months ended March 31, 2021, that was included in the deferred revenue balance as of December 31, 2020.

Restructuring And Other Charges

Restructuring And Other Charges	3 Months Ended
	Mar. 31, 2022
Restructuring And Other Charges [Abstract]
Restructuring And Other Charges	Note 4. Restructuring and Other Charges We incurred restructuring and other charges of $ 19 million ( $ 16 million, net of tax) and $ 6 million ( $ 5 million, net of tax) in the three months ended March 31, 2022 and 2021, respectively . Restructuring and other charges were comprised of the following: Three Months Ended March 31, (In millions) 2022 2021 Severance (1) $ — $ 4 Costs related to our proposed acquisition by Rentokil (2) 9 — Other (3) 9 3 Total restructuring charges $ 19 $ 6 ___________________________________ (1) Includes severance and related charges to align functions after the sale of the ServiceMaster Brands Divestiture Group, enhance field operations and corporate capabilities, and reduce costs in our corporate functions that provide administrative services to support operations. (2) Primarily professional and consultant fees and accrual of employee retention bonuses. (3) Primarily owned building and operating lease right-of-use asset impairment charges, costs to simplify our back-office and align as a singularly focused pest management company and other exit costs. Charges for the three months ended March 31, 2022, include a $ 9 million impairment of the Memphis headquarters building operating lease right-of-use asset and leasehold improvements. The impairment was the result of the recent sublease of approximately 24 % of the building. A reconciliation of the beginning and ending balances of accrued restructuring charges by major cost type, which are included in Accrued liabilities—Payroll and related expenses and Other on the unaudited Condensed Consolidated Statements of Financial Position, is presented as follows : Accrued Accrued Accrued Total Accrued Severance Merger Related Other Restructuring (In millions) Charges Charges Charges Charges Balance as of December 31, 2021 $ 2 $ 7 $ — $ 9 Costs incurred — 9 9 19 Costs paid or otherwise settled ( 2 ) ( 8 ) ( 9 ) ( 19 ) Balance as of March 31, 2022 $ — $ 8 $ — $ 9 Balance as of December 31, 2020 $ 2 $ — $ — $ 2 Costs incurred 4 — 3 6 Costs paid or otherwise settled ( 1 ) — ( 3 ) ( 4 ) Balance as of March 31, 2021 $ 4 $ — $ 1 $ 5 We expect substantially all of our accrued restructuring charges to be paid within one year.

Commitments And Contingencies

Commitments And Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 5. Commitments and Contingencies 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. 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. 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 unaudited Condensed Consolidated Statements of Financial Position, net of insurance recoverables, which are included in Prepaid expenses and other assets and Other assets on the unaudited Condensed Consolidated Statements of Financial Position, is presented as follows: Accrued Self-insured (In millions) Claims, Net Balance as of December 31, 2021 $ 130 Provision for self-insured claims 9 Cash payments ( 13 ) Balance as of March 31, 2022 $ 126 Balance as of December 31, 2020 $ 126 Provision for self-insured claims 9 Cash payments ( 7 ) Balance as of March 31, 2021 $ 128 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 unaudited Condensed Consolidated Statements of Financial Position, and Non-Litigated Claims, which are included in Accrued liabilities—Self-insured claims and related expenses on the unaudited Condensed Consolidated Statements of Financial Position, is presented as follows: Accrued Termite Damage (In millions) Claims Balance as of December 31, 2021 $ 72 Provision for termite damage claims 18 Cash payments ( 17 ) Balance as of March 31, 2022 $ 73 Balance as of December 31, 2020 $ 72 Provision for termite damage claims 15 Cash payments ( 17 ) Balance as of March 31, 2021 $ 69 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 unaudited Condensed Consolidated Statements of Financial Position. 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. No adjustments were made in the first quarter of 2022. The fund’s receiver has paid a total of $ 10 million from the fund through the first quarter of 2022. 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. Fumigation Related Matters On December 16, 2016, the U.S. Virgin Islands Department of Justice filed a civil complaint in the Superior Court of the Virgin Islands related to the aforementioned fumigation incident in a matter styled Government of the United States Virgin Islands v. The ServiceMaster Company, LLC, The Terminix International Company Limited Partnership, and Terminix International USVI, LLC (collectively, “the Parties”). On November 15, 2021, the Parties reached a settlement agreement whereby the Company agreed to pay $ 3 million to the Government of the U.S. Virgin Islands and the settlement was paid in the three months ended March 31, 2022. On January 20, 2017, TMX USVI and TMX LP, each an indirect, wholly-owned subsidiary of the Company, entered into a revised Plea Agreement in connection with the investigation initiated by the DOJ into allegations that a local Terminix branch used methyl bromide as a fumigant at a resort in St. John, U.S. Virgin Islands. Under the terms of sentencing handed down on November 20, 2017, (i) TMX USVI and TMX LP each paid a fine of $ 4.6 million (total of $ 9.2 million); (ii) TMX USVI and TMX LP paid a total of $ 1.2 million to the EPA for costs incurred by the EPA for the response and clean-up of the affected units at the resort in St. John; and (iii) both TMX USVI and TMX LP will serve a five year probation period. In lieu of the $ 1 million community service payment that was proposed in the Plea Agreement, the court required TMX USVI and TMX LP to provide for training certification courses with respect to pesticide application and safety in the U.S. Virgin Islands until November 2022. Other Litigation On March 25, 2022, in connection with its previously filed complaint on October 20, 2020, Bruce-Terminix Company, a licensee of the Company (“Bruce” or the “Licensee”), filed a supplemental complaint against the Company and The Terminix International Company Limited Partnership, a subsidiary of the Company, under the caption Bruce-Terminix Company v. The Terminix International Company Limited Partnership, and Terminix Global Holdings, Inc., Civil Action No: 1:20-CV-962 (M.D.N.C.) (the “Bruce Lawsuit”). The original complaint generally alleged, among other things, that certain subsidiaries of the Company violated the non-compete restriction under the Licensee’s license agreement and the North Carolina Unfair and Deceptive Trade Practices Act. As supplemented, the Bruce Lawsuit further generally alleges, among other things, that a Rentokil subsidiary currently competes in the Licensee’s territory and that the Mergers would violate the non-compete restriction under the Licensee’s license agreement. The Bruce Lawsuit also alleges, among other things, that Bruce would suffer irreparable harm from purported competition with Rentokil should the Mergers be consummated, and seeks, among other things, injunctive relief enjoining the defendants from merging with Rentokil so long as Rentokil owns pest control companies with locations within Bruce’s service area and from disclosing to Rentokil certain confidential or proprietary information of the Company. The Company believes that the claims asserted in the Bruce Lawsuit are without merit. 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	3 Months Ended
	Mar. 31, 2022
Goodwill And Intangible Assets [Abstract]
Goodwill And Intangible Assets	Note 6. 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 months ended March 31, 2022 and 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, 2021 $ 2,211 Acquisitions — Goodwill impairment — Impact of foreign exchange rates ( 1 ) Balance as of March 31, 2022 $ 2,210 The table below summarizes the other intangible asset balances: As of March 31, 2022 As of December 31, 2021 Accumulated Accumulated (In millions) Gross Amortization Net Gross Amortization Net Trade names (1) $ 888 $ — $ 888 $ 888 $ — $ 888 Customer relationships 669 ( 492 ) 177 670 ( 484 ) 187 Other 71 ( 52 ) 20 71 ( 50 ) 22 Total $ 1,629 $ ( 544 ) $ 1,085 $ 1,630 $ ( 533 ) $ 1,097 ___________________________________ (1) Not subject to amortization. For the existing intangible assets, we anticipate amortization expense for the remainder of 2022 and each of the next five years as follows: (In millions) 2022 2023 2024 2025 2026 2027 Amortization expense $ 31 $ 36 $ 27 $ 22 $ 17 $ 13

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2022
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 7. Stock-Based Compensation For each of the three months ended March 31, 2022 and 2021, we recognized stock-based compensation expense of $ 6 million ($ 4 million, net of tax). These charges are recorded within Selling and administrative expenses in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. As of March 31, 2022 , there were $ 41 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 2.15 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 March 31, 2022, there were 741,120 shares available for issuance under the Employee Stock Purchase Plan. In connection with the announcement of the proposed acquisition of the Company by Rentokil, the Employee Stock Purchase Plan was indefinitely suspended as of January 1, 2022.

Comprehensive (Loss) Income

Comprehensive (Loss) Income	3 Months Ended
	Mar. 31, 2022
Comprehensive (Loss) Income [Abstract]
Comprehensive (Loss) Income	Note 8. 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 unaudited 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 unaudited 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 March 31, 2022 was $ 4 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, 2021 $ ( 5 ) $ ( 16 ) $ ( 22 ) Other comprehensive (loss) income before reclassifications: Pre-tax amount 39 — 39 Tax provision ( 9 ) — ( 9 ) After-tax amount 30 — 30 Amounts reclassified from accumulated other comprehensive (loss) income (1) ( 2 ) — ( 2 ) Amounts reclassified within accumulated other comprehensive (loss) income (2) ( 4 ) 4 — Net current period other comprehensive income 23 5 28 Balance as of March 31, 2022 $ 18 $ ( 12 ) $ 6 Balance as of December 31, 2020 $ ( 16 ) $ ( 23 ) $ ( 39 ) Other comprehensive (loss) income before reclassifications: Pre-tax amount 34 ( 2 ) 32 Tax provision ( 5 ) — ( 5 ) After-tax amount 29 ( 2 ) 27 Amounts reclassified from accumulated other comprehensive (loss) income (1) ( 5 ) — ( 5 ) Amounts reclassified within accumulated other comprehensive (loss) income (2) ( 9 ) 9 — Net current period other comprehensive income 14 8 22 Balance as of March 31, 2021 $ ( 2 ) $ ( 15 ) $ ( 17 ) ___________________________________ (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 March 31, (In millions) 2022 2021 Gains (losses) on derivatives: Fuel swap contracts $ 1 $ 1 Interest rate swap contracts ( 2 ) ( 2 ) Cross-currency interest rate swap 2 5 Net gains (losses) on derivatives 2 5 Impact of income taxes — — Total reclassifications for the period $ 2 $ 5

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Note 9. Supplemental Cash Flow Information Supplemental information relating to the unaudited Condensed Consolidated Statements of Cash Flows is presented in the following table. The non-cash lease transactions are described in Note 11. Three Months Ended March 31, (In millions) 2022 2021 Cash paid for or (received from): Interest expense $ 14 $ 15 Income taxes, net of refunds ( 7 ) — For the three months ended March 31, 2022, cash received for income taxes of $ 7 million includes refunds of $ 9 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 unaudited Condensed Consolidated Statements of Cash Flows. Cash and Cash Equivalents and Restricted Cash at End of Period on the unaudited Condensed Consolidated Statements of Cash Flows consists of the following: As of March 31, (In millions) 2022 2021 Cash and cash equivalents $ 170 $ 484 Restricted cash 89 89 Total Cash and cash equivalents and Restricted cash $ 258 $ 573

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2022
Long-Term Debt [Abstract]
Long-Term Debt	Note 10. Long-Term Debt Long-term debt is summarized in the following table: As of As of March 31, December 31, (In millions) 2022 2021 Senior secured term loan facility maturing in 2026 (1) $ 540 $ 540 Revolving credit facility maturing 2024 30 — 7.45 % notes maturing in 2027 (2) 173 172 7.25 % notes maturing in 2038 (3) 41 41 Vehicle finance leases (4) 119 119 Other (5) 22 26 Less current portion ( 77 ) ( 50 ) Total long-term debt $ 848 $ 849 __________________________________ (1) As of March 31, 2022 and December 31, 2021, presented net of $ 6 million and $ 6 million in unamortized debt issuance costs, respectively, and $ 1 million of unamortized original issue discount in each period. (2) As of March 31, 2022 and December 31, 2021, presented net of $ 14 million and $ 14 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 March 31, 2022 and December 31, 2021, 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 1.25 % to 2.45 % . (5) Primarily represents future payments in connection with acquisitions. Interest Rate Swap The interest rate swap agreement in effect as of March 31, 2022 is as follows: Trade Date Effective Date Expiration Date Notional Amount Fixed Rate - Pay (1) Floating Rate - Receive November 5, 2019 November 5, 2019 November 5, 2026 $ 546 million 1.615 % 0.139 % (1) Before the application of the applicable borrowing margin. Revolving Credit Facility On January 6, 2022, we borrowed an aggregate principal amount of $ 80 million under the Revolving Credit Facility maturing November 4, 2024 (the “Revolving Credit Facility”). On March 31, 2022, we repaid $ 50 million of the outstanding balance.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Note 11. 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 unaudited 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 unaudited Condensed Consolidated Statements of Financial Position. As of March 31, 2022 and December 31, 2021, assets recorded under finance leases were $ 281 million and $ 277 million, respectively, and accumulated depreciation was $ 163 million and $ 159 million, respectively. The components of lease expense were as follows : Three Months Ended March 31, (In millions) 2022 2021 Finance lease cost Depreciation of finance lease ROU assets $ 11 $ 10 Interest on finance lease liabilities 1 1 Operating lease cost 6 5 Sublease income ( 1 ) ( 1 ) Total lease cost $ 16 $ 15 Supplemental cash flow information and other information for leases was as follows: As of March 31, (In millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 6 $ 6 Operating cash flows for finance leases 1 1 Financing cash flows for finance leases 10 10 ROU assets obtained in exchange for lease obligations: Operating leases 5 2 Finance leases 10 6 Weighted Average Remaining Lease Term (in years): Operating leases 9.51 10.38 Finance leases 3.95 3.42 Weighted Average Discount Rate: Operating leases 5.18 % 5.29 % Finance leases 5.22 % 4.68 % As of both March 31, 2022 and December 31, 2021 , there were $ 37 million of finance leases included within Current portion of long-term debt and $ 82 million of finance leases included within Long-term debt on the unaudited Condensed Consolidated Statements of Financial Position. Future minimum lease payments under non-cancellable leases as of March 31, 2022 were as follows: (In millions) Operating Leases (1) Finance Leases Year ended December 31, 2022 (excluding the Three months ended March 31, 2022) $ 18 $ 30 2023 20 34 2024 16 25 2025 14 19 2026 11 14 Thereafter 65 3 Total future minimum lease payments 144 126 Less imputed interest ( 34 ) ( 7 ) Total $ 110 $ 119 (1) Each year is presented net of approximately $ 4 -$ 5 million of projected annual sublease income.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2022
Acquisitions [Abstract]
Acquisitions	Note 12. Acquisitions Acquisitions have been accounted for as business combinations using the acquisition method and, accordingly, the results of operations of the acquired businesses have been included in the unaudited 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 three months ended March 31, 2022, there were no acquisitions. We reversed $ 1 million of contingent consideration related to an acquisition that closed in 2021 as the contingency was not met. The reversal was recorded within Acquisition-related costs in the unaudited Condensed Consolidated Statements of Operations and Comprehensive Income, and partially offset by acquisition costs. In the three months ended March 31, 2022, the Company initiated a series of transactions to restructure its joint ventures in China. The Company contributed $ 31 million of cash to effect the restructuring during the three months ended March 31, 2022, which is reflected in other investing in the Condensed Consolidated Statements of Cash Flows. Upon completion of subsequent transactions in 2022, the Company expects to record a gain on sale of a portion of its interest in the joint ventures. During the three months ended March 31, 2021, we used available cash on hand to fund a $ 22 million investment in acquisitions, which included $ 15 million for four tuck-in acquisitions. All acquisitions have been accounted for as business combinations. As of March 31, 2021, we had recorded goodwill of $ 11 million and other intangibles, primarily customer relationships, of $ 4 million related to these acquisitions. As of March 31, 2022, all purchase price allocations for 2021 acquisitions were completed, resulting in no changes to goodwill or intangibles. We also completed approximately $ 8 million of funding for a minority interest investment that was included in Accrued liabilities‒Other on the Consolidated Statements of Financial position as of December 31, 2020. Supplemental cash flow information regarding the acquisitions was as follows : Three Months Ended March 31, (In millions) 2022 2021 Assets acquired $ — $ 16 Liabilities assumed — — Net assets acquired $ — $ 16 Net cash paid $ — $ 15 Seller financed debt — 1 Purchase price $ — $ 16

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Taxes [Abstract]
Income Taxes	Note 13. 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 net income was 14.2 percent and 28.5 percent for the three months ended March 31, 2022 and 2021, respectively. The effective tax rate on net income for the three months ended March 31, 2022, was favorably impacted by the release of a state reserve that was recorded discretely in the quarter. We had $ 9 million and $ 13 million 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”) as of March 31, 2022 and December 31, 2021, respectively. Based on information currently available, it is reasonably possible that over the next 12 month period unrecognized tax benefits may decrease by $ 1 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	3 Months Ended
	Mar. 31, 2022
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 14. 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 unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. The carrying amount of total debt excluding vehicle financing leases was $ 806 million and $ 779 million, and the estimated fair value was $ 868 million and $ 866 million as of March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021. 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 Accumulated other comprehensive (loss) income on the unaudited 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 unaudited 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 March 31, 2022 and 2021 . 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 March 31, 2022: Financial Assets: Deferred compensation trust Long-term marketable securities $ 14 $ 14 $ — $ — Fuel swap contracts Prepaid expenses 6 — — 6 Interest rate swap contract Prepaid expenses and other assets and Other assets 20 — 20 — Total financial assets $ 39 $ 14 $ 20 $ 6 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 4 $ — $ 4 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 6 — 6 — Total financial liabilities $ 10 $ — $ 10 $ — As of December 31, 2021: Financial Assets: Deferred compensation trust assets Long-term marketable securities $ 15 $ 15 $ — $ — Fuel swap contracts Prepaid expenses and other assets and Other assets 2 — — 2 Total financial assets $ 17 $ 15 $ — $ 2 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 7 $ — $ 7 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 11 — 11 — Interest rate swap contract Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims 8 — 8 — Total financial liabilities $ 26 $ — $ 26 $ — 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, 2021 $ 2 Total gains (losses) (realized and unrealized) Included in earnings 1 Cost of services rendered and products sold Included in other comprehensive income 4 Settlements ( 1 ) Balance as of March 31, 2022 $ 6 Balance as of December 31, 2020 $ 3 Total gains (losses) (realized and unrealized) Included in earnings ( 1 ) Cost of services rendered and products sold Included in other comprehensive income 3 Settlements 1 Balance as of March 31, 2021 $ 6 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 March 31, 2022: Fuel swap contracts $ 6 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 3.54 - $ 4.20 $ 3.88 As of December 31, 2021: Fuel swap contracts $ 2 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 3.02 - $ 3.42 $ 3.23 ___________________________________ (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 March 31, 2022 , we had fuel swap contracts to pay fixed prices for fuel with an aggregate notional amount of $ 20 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 March 31, 2022 , 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 8 to the unaudited 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 $ 7 million, net of tax, as of March 31, 2022 . The amounts that are ultimately reclassified into earnings will be based on actual fuel prices and interest rates at the time the positions are settled and may differ materially from the amount noted above.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 15. 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 March 31, (In millions, except per share data) 2022 2021 Net income $ 19 $ 27 Weighted-average common shares outstanding 121.4 131.4 Effect of dilutive securities: RSUs 0.1 0.3 Stock options (1) 0.1 0.2 Weighted-average common shares outstanding—assuming dilution 121.6 131.9 Basic earnings per share $ 0.15 $ 0.20 Diluted earnings per share $ 0.15 $ 0.20 ___________________________________ (1) Options to purchase 0.4 million and an insignificant number of shares for the three months ended March 31, 2022, and 2021, respectively were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.

Basis Of Presentation (Policy)

Basis Of Presentation (Policy)	3 Months Ended
	Mar. 31, 2022
Basis Of Presentation [Abstract]
Consolidation	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 and Nomor. 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.
Basis Of Accounting	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, 2021, as filed with the SEC (the “2021 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.

Significant Accounting Polici_2

Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2022
Significant Accounting Policies [Abstract]
Adoption Of New Accounting Standards	Accounting Standards Issued But Not Yet Effective In October 2021, the FASB issued ASU No. 2021-08, “ Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ,” require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 . The ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, and early adoption is permitted. We will adopt this ASU effective January 1, 2023. We do not expect the adoption of this ASU to have a material impact on our consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832) , Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The ASU is effective for fiscal years beginning after December 15, 2021 and only impacts annual financial statement footnote disclosures. We do not expect the adoption to have a material effect on our consolidated financial statements. 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)	3 Months Ended
	Mar. 31, 2022
Revenues[Abstract]
Disaggregation Of Revenue	Three Months Ended March 31, (In millions) 2022 2021 Major service line Residential Pest Management $ 175 $ 166 Commercial Pest Management 132 129 Termite and Home Services 171 162 Sales of Products and Other 18 15 Total $ 496 $ 471
Revenue By Geographic Area	Three Months Ended March 31, (In millions) 2022 2021 United States $ 465 $ 441 International 31 30 Total $ 496 $ 471
Movement In Deferred Revenue	(In millions) Deferred revenue Balance as of December 31, 2021 $ 103 Deferral of revenue 44 Recognition of deferred revenue ( 39 ) Balance as of March 31, 2022 $ 108 Balance as of December 31, 2020 $ 102 Deferral of revenue 36 Recognition of deferred revenue ( 32 ) Balance as of March 31, 2021 $ 108

Restructuring And Other Charg_2

Restructuring And Other Charges (Tables)	3 Months Ended
	Mar. 31, 2022
Restructuring And Other Charges [Abstract]
Schedule Of Restructuring Charges	Three Months Ended March 31, (In millions) 2022 2021 Severance (1) $ — $ 4 Costs related to our proposed acquisition by Rentokil (2) 9 — Other (3) 9 3 Total restructuring charges $ 19 $ 6 ___________________________________ (1) Includes severance and related charges to align functions after the sale of the ServiceMaster Brands Divestiture Group, enhance field operations and corporate capabilities, and reduce costs in our corporate functions that provide administrative services to support operations. (2) Primarily professional and consultant fees and accrual of employee retention bonuses. (3) Primarily owned building and operating lease right-of-use asset impairment charges, costs to simplify our back-office and align as a singularly focused pest management company and other exit costs. Charges for the three months ended March 31, 2022, include a $ 9 million impairment of the Memphis headquarters building operating lease right-of-use asset and leasehold improvements. The impairment was the result of the recent sublease of approximately 24 % of the building.
Schedule Of Reconciliation Of The Beginning And Ending Balances Of Accrued Restructuring Charges	Accrued Accrued Accrued Total Accrued Severance Merger Related Other Restructuring (In millions) Charges Charges Charges Charges Balance as of December 31, 2021 $ 2 $ 7 $ — $ 9 Costs incurred — 9 9 19 Costs paid or otherwise settled ( 2 ) ( 8 ) ( 9 ) ( 19 ) Balance as of March 31, 2022 $ — $ 8 $ — $ 9 Balance as of December 31, 2020 $ 2 $ — $ — $ 2 Costs incurred 4 — 3 6 Costs paid or otherwise settled ( 1 ) — ( 3 ) ( 4 ) Balance as of March 31, 2021 $ 4 $ — $ 1 $ 5

Commitments And Contingencies (

Commitments And Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2021 $ 130 Provision for self-insured claims 9 Cash payments ( 13 ) Balance as of March 31, 2022 $ 126 Balance as of December 31, 2020 $ 126 Provision for self-insured claims 9 Cash payments ( 7 ) Balance as of March 31, 2021 $ 128
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, 2021 $ 72 Provision for termite damage claims 18 Cash payments ( 17 ) Balance as of March 31, 2022 $ 73 Balance as of December 31, 2020 $ 72 Provision for termite damage claims 15 Cash payments ( 17 ) Balance as of March 31, 2021 $ 69

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2021 $ 2,211 Acquisitions — Goodwill impairment — Impact of foreign exchange rates ( 1 ) Balance as of March 31, 2022 $ 2,210
Schedule Of Other Intangible Asset Balances For Continuing Operations	As of March 31, 2022 As of December 31, 2021 Accumulated Accumulated (In millions) Gross Amortization Net Gross Amortization Net Trade names (1) $ 888 $ — $ 888 $ 888 $ — $ 888 Customer relationships 669 ( 492 ) 177 670 ( 484 ) 187 Other 71 ( 52 ) 20 71 ( 50 ) 22 Total $ 1,629 $ ( 544 ) $ 1,085 $ 1,630 $ ( 533 ) $ 1,097 ___________________________________ (1) Not subject to amortization.
Schedule Of Anticipated Amortization Expense Of Intangible Assets	(In millions) 2022 2023 2024 2025 2026 2027 Amortization expense $ 31 $ 36 $ 27 $ 22 $ 17 $ 13

Comprehensive (Loss) Income (Ta

Comprehensive (Loss) Income (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2021 $ ( 5 ) $ ( 16 ) $ ( 22 ) Other comprehensive (loss) income before reclassifications: Pre-tax amount 39 — 39 Tax provision ( 9 ) — ( 9 ) After-tax amount 30 — 30 Amounts reclassified from accumulated other comprehensive (loss) income (1) ( 2 ) — ( 2 ) Amounts reclassified within accumulated other comprehensive (loss) income (2) ( 4 ) 4 — Net current period other comprehensive income 23 5 28 Balance as of March 31, 2022 $ 18 $ ( 12 ) $ 6 Balance as of December 31, 2020 $ ( 16 ) $ ( 23 ) $ ( 39 ) Other comprehensive (loss) income before reclassifications: Pre-tax amount 34 ( 2 ) 32 Tax provision ( 5 ) — ( 5 ) After-tax amount 29 ( 2 ) 27 Amounts reclassified from accumulated other comprehensive (loss) income (1) ( 5 ) — ( 5 ) Amounts reclassified within accumulated other comprehensive (loss) income (2) ( 9 ) 9 — Net current period other comprehensive income 14 8 22 Balance as of March 31, 2021 $ ( 2 ) $ ( 15 ) $ ( 17 ) ___________________________________ (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 March 31, (In millions) 2022 2021 Gains (losses) on derivatives: Fuel swap contracts $ 1 $ 1 Interest rate swap contracts ( 2 ) ( 2 ) Cross-currency interest rate swap 2 5 Net gains (losses) on derivatives 2 5 Impact of income taxes — — Total reclassifications for the period $ 2 $ 5

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Information [Abstract]
Schedule Of Supplemental Information Relating To The Unaudited Condensed Consolidated Statements Of Cash Flows	Three Months Ended March 31, (In millions) 2022 2021 Cash paid for or (received from): Interest expense $ 14 $ 15 Income taxes, net of refunds ( 7 ) —
Summary Of Cash And Cash Equivalents And Restricted Cash	As of March 31, (In millions) 2022 2021 Cash and cash equivalents $ 170 $ 484 Restricted cash 89 89 Total Cash and cash equivalents and Restricted cash $ 258 $ 573

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Long-Term Debt [Abstract]
Schedule Of Long-Term Debt	As of As of March 31, December 31, (In millions) 2022 2021 Senior secured term loan facility maturing in 2026 (1) $ 540 $ 540 Revolving credit facility maturing 2024 30 — 7.45 % notes maturing in 2027 (2) 173 172 7.25 % notes maturing in 2038 (3) 41 41 Vehicle finance leases (4) 119 119 Other (5) 22 26 Less current portion ( 77 ) ( 50 ) Total long-term debt $ 848 $ 849 __________________________________ (1) As of March 31, 2022 and December 31, 2021, presented net of $ 6 million and $ 6 million in unamortized debt issuance costs, respectively, and $ 1 million of unamortized original issue discount in each period. (2) As of March 31, 2022 and December 31, 2021, presented net of $ 14 million and $ 14 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 March 31, 2022 and December 31, 2021, 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 1.25 % to 2.45 % . (5) Primarily represents future payments in connection with acquisitions.
Schedule of Interest Rate Swap Agreements	Trade Date Effective Date Expiration Date Notional Amount Fixed Rate - Pay (1) Floating Rate - Receive November 5, 2019 November 5, 2019 November 5, 2026 $ 546 million 1.615 % 0.139 % (1) Before the application of the applicable borrowing margin.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Components Of Lease Expense	Three Months Ended March 31, (In millions) 2022 2021 Finance lease cost Depreciation of finance lease ROU assets $ 11 $ 10 Interest on finance lease liabilities 1 1 Operating lease cost 6 5 Sublease income ( 1 ) ( 1 ) Total lease cost $ 16 $ 15
Supplemental Cash Flow Information And Other Information For Leases	As of March 31, (In millions) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 6 $ 6 Operating cash flows for finance leases 1 1 Financing cash flows for finance leases 10 10 ROU assets obtained in exchange for lease obligations: Operating leases 5 2 Finance leases 10 6 Weighted Average Remaining Lease Term (in years): Operating leases 9.51 10.38 Finance leases 3.95 3.42 Weighted Average Discount Rate: Operating leases 5.18 % 5.29 % Finance leases 5.22 % 4.68 %
Future Minimum Lease Payments Under Non-Cancellable Leases	(In millions) Operating Leases (1) Finance Leases Year ended December 31, 2022 (excluding the Three months ended March 31, 2022) $ 18 $ 30 2023 20 34 2024 16 25 2025 14 19 2026 11 14 Thereafter 65 3 Total future minimum lease payments 144 126 Less imputed interest ( 34 ) ( 7 ) Total $ 110 $ 119 (1) Each year is presented net of approximately $ 4 -$ 5 million of projected annual sublease income.

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2022
Acquisitions [Abstract]
Schedule Of Supplemental Cash Flow Information Regarding Acquisitions	Three Months Ended March 31, (In millions) 2022 2021 Assets acquired $ — $ 16 Liabilities assumed — — Net assets acquired $ — $ 16 Net cash paid $ — $ 15 Seller financed debt — 1 Purchase price $ — $ 16

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Measurements [Abstract]
Schedule Of The Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments That Are Recorded At Fair Value On A Recurring Basis	Estimated Fair Value Measurements Quoted Significant Prices In Other Significant Active Observable Unobservable Statement of Financial Carrying Markets Inputs Inputs (In millions) Position Location Value (Level 1) (Level 2) (Level 3) As of March 31, 2022: Financial Assets: Deferred compensation trust Long-term marketable securities $ 14 $ 14 $ — $ — Fuel swap contracts Prepaid expenses 6 — — 6 Interest rate swap contract Prepaid expenses and other assets and Other assets 20 — 20 — Total financial assets $ 39 $ 14 $ 20 $ 6 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 4 $ — $ 4 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 6 — 6 — Total financial liabilities $ 10 $ — $ 10 $ — As of December 31, 2021: Financial Assets: Deferred compensation trust assets Long-term marketable securities $ 15 $ 15 $ — $ — Fuel swap contracts Prepaid expenses and other assets and Other assets 2 — — 2 Total financial assets $ 17 $ 15 $ — $ 2 Financial Liabilities: Cross-currency interest rate swap Other long-term obligations, primarily self-insured claims $ 7 $ — $ 7 $ — Net investment hedge Other long-term obligations, primarily self-insured claims 11 — 11 — Interest rate swap contract Accrued liabilities—Other and Other long-term obligations, primarily self-insured claims 8 — 8 — Total financial liabilities $ 26 $ — $ 26 $ —
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, 2021 $ 2 Total gains (losses) (realized and unrealized) Included in earnings 1 Cost of services rendered and products sold Included in other comprehensive income 4 Settlements ( 1 ) Balance as of March 31, 2022 $ 6 Balance as of December 31, 2020 $ 3 Total gains (losses) (realized and unrealized) Included in earnings ( 1 ) Cost of services rendered and products sold Included in other comprehensive income 3 Settlements 1 Balance as of March 31, 2021 $ 6
Schedule Of Level 3 Financial Instruments	Fair Value Valuation Weighted (in millions) Technique Unobservable Input Range Average As of March 31, 2022: Fuel swap contracts $ 6 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 3.54 - $ 4.20 $ 3.88 As of December 31, 2021: Fuel swap contracts $ 2 Discounted Cash Flows Forward Unleaded Price per Gallon (1) $ 3.02 - $ 3.42 $ 3.23 ___________________________________ (1) Forward prices per gallon were derived from third-party market data providers. A decrease in the forward price would result in a decrease in the fair value of the fuel swap contracts.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule Of Reconciliation Of The Amounts Included In The Computation Of Basic Earnings Per Share From Continuing Operations And Diluted Earnings Per Share From Continuing Operations	Three Months Ended March 31, (In millions, except per share data) 2022 2021 Net income $ 19 $ 27 Weighted-average common shares outstanding 121.4 131.4 Effect of dilutive securities: RSUs 0.1 0.3 Stock options (1) 0.1 0.2 Weighted-average common shares outstanding—assuming dilution 121.6 131.9 Basic earnings per share $ 0.15 $ 0.20 Diluted earnings per share $ 0.15 $ 0.20 ___________________________________ (1) Options to purchase 0.4 million and an insignificant number of shares for the three months ended March 31, 2022, and 2021, 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) $ / shares in Units, $ in Millions	Dec. 13, 2021USD ($)$ / sharesshares	Mar. 31, 2022segment$ / shares	Dec. 31, 2021$ / shares
Basis Of Presentation [Line Items]
Number of reportable segments | segment		1
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Rentokil [Member]
Basis Of Presentation [Line Items]
Common stock, par value (in dollars per share)	$ 0.01
Number of ordinary shares represented by one depositary share | shares	5
Ratio Of Share From Merger | shares	1.0619
Business Acquisition, Quotient	$ 11
Retention payable | $	$ 20

Revenues (Narrative) (Details)

Revenues (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenues[Abstract]
Revenue recognized	$ 30	$ 26
Contract with customer asset term	1 year
Contract asset	$ 27		$ 26

Revenues (Disaggregation Of Rev

Revenues (Disaggregation Of Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 496	$ 471
Residential Pest Management [Member]
Disaggregation of Revenue [Line Items]
Revenues	175	166
Commercial Pest Management [Member]
Disaggregation of Revenue [Line Items]
Revenues	132	129
Termite and Home Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	171	162
Sales of Products and Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 18	$ 15

Revenues (Revenue By Geographic

Revenues (Revenue By Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 496	$ 471
United States [Member]
Disaggregation of Revenue [Line Items]
Revenues	465	441
International [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 31	$ 30

Revenues (Movement In Deferred

Revenues (Movement In Deferred Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues[Abstract]
Balance at beginning of period	$ 103	$ 102
Deferral of revenue	44	36
Recognition of deferred revenue	(39)	(32)
Balance at end of period	$ 108	$ 108

Restructuring And Other Charg_3

Restructuring And Other Charges (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restructuring And Other Charges [Abstract]
Restructuring Charges	$ 19	$ 6
Restructuring charges, net of tax	$ 16	$ 5

Restructuring And Other Charg_4

Restructuring And Other Charges (Schedule Of Restructuring Charges) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 19	$ 6
Headquarter Operations [Member]
Restructuring Cost and Reserve [Line Items]
Impairment charges		$ 9
Sublease percent of building		24.00%
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]		4
Costs Related To Our Proposed Acquistion By Rentokil [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[2]	$ 9
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[3]	$ 9	$ 3
[1]	Includes severance and related charges to align functions after the sale of the ServiceMaster Brands Divestiture Group, enhance field operations and corporate capabilities, and reduce costs in our corporate functions that provide administrative services to support operations.
[2]	Primarily professional and consultant fees and accrual of employee retention bonuses.
[3]	Primarily owned building and operating lease right-of-use asset impairment charges, costs to simplify our back-office and align as a singularly focused pest management company and other exit costs. Charges for the three months ended March 31, 2022, include a $ 9 million impairment of the Memphis headquarters building operating lease right-of-use asset and leasehold improvements. The impairment was the result of the recent sublease of approximately 24 % of the building.

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
		Mar. 31, 2022	Mar. 31, 2021
Restructuring Cost and Reserve [Line Items]
Balance at the beginning of the period		$ 9	$ 2
Costs incurred		19	6
Costs paid or otherwise settled		(19)	(4)
Balance at the end of the period		9	5
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Balance at the beginning of the period		2	2
Costs incurred	[1]		4
Costs paid or otherwise settled		(2)	(1)
Balance at the end of the period			4
Accrued Merger Related Charges [Member]
Restructuring Cost and Reserve [Line Items]
Balance at the beginning of the period		7
Costs incurred		9
Costs paid or otherwise settled		(8)
Balance at the end of the period		8
Other Costs [Member]
Restructuring Cost and Reserve [Line Items]
Costs incurred	[2]	9	3
Costs paid or otherwise settled		$ (9)	(3)
Balance at the end of the period			$ 1
[1]	Includes severance and related charges to align functions after the sale of the ServiceMaster Brands Divestiture Group, enhance field operations and corporate capabilities, and reduce costs in our corporate functions that provide administrative services to support operations.
[2]	Primarily owned building and operating lease right-of-use asset impairment charges, costs to simplify our back-office and align as a singularly focused pest management company and other exit costs. Charges for the three months ended March 31, 2022, include a $ 9 million impairment of the Memphis headquarters building operating lease right-of-use asset and leasehold improvements. The impairment was the result of the recent sublease of approximately 24 % of the building.

Commitments And Contingencies_2

Commitments And Contingencies (Narrative) (Details) - USD ($)	Nov. 15, 2021	Nov. 20, 2017	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Charge recorded in period			$ (3,000,000)		$ 0
U.S. Virgin Islands Matter [Member]
Loss Contingencies [Line Items]
Charge recorded in period	$ 3,000,000
Terminix International USVI, LLC (“TMX USVI”) [Member] | Florida Fumigation Matter [Member]
Loss Contingencies [Line Items]
Legal Fines And Penalties		$ 4,600,000
TMX USVI and TMX LP [Member]
Loss Contingencies [Line Items]
Amount Of Community Service Payment		$ 1,000,000
Probation period		5 years
TMX USVI and TMX LP [Member] | Environmental Protection Agency (the “EPA”) [Member]
Loss Contingencies [Line Items]
Legal Fines And Penalties		$ 1,200,000
TMX USVI and TMX LP [Member] | Florida Fumigation Matter [Member]
Loss Contingencies [Line Items]
Legal Fines And Penalties		$ 9,200,000
Mobile Bay Formosan [Member]
Loss Contingencies [Line Items]
Litigation payments			10,000,000
Consumer fund amount						$ 25,000,000
Litigation Settlement, Amount						$ 19,000,000
Charge recorded in period			$ 0	$ 4,000,000

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies [Line Items]
Balance at the beginning of the period	$ 130	$ 126
Provision for self-insured claims	9	9
Cash payments	(13)	(7)
Balance at the end of the period	$ 126	$ 128

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commitments and Contingencies [Line Items]
Balance at the beginning of the period	$ 72	$ 72
Provision for termite damage claims	18	15
Cash payments	(17)	(17)
Balance at the end of the period	$ 73	$ 69

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Goodwill And Intangible Assets [Abstract]
Goodwill and trade name impairment	$ 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	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill balances by segment for continuing operations
Balance at the beginning of the period	$ 2,211
Acquisitions	0
Impairments	0
Impact of foreign exchange rates	(1)
Balance at the end of the period	$ 2,210

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets (Schedule Of Other Intangible Asset Balances For Continuing Operations) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		$ 1,629	$ 1,630
Accumulated Amortization		(544)	(533)
Net		1,085	1,097
Customer Relationships [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		669	670
Accumulated Amortization		(492)	(484)
Net		177	187
Other [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		71	71
Accumulated Amortization		(52)	(50)
Net		20	22
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	Mar. 31, 2022USD ($)
Goodwill And Intangible Assets [Abstract]
Amortization expense, 2022	$ 31
Amortization expense, 2023	36
Amortization expense, 2024	27
Amortization expense, 2025	22
Amortization expense, 2026	17
Amortization expense, 2027	$ 13

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	Feb. 24, 2015	Feb. 28, 2019	Mar. 31, 2022	Mar. 31, 2021	Nov. 03, 2015	Apr. 27, 2015
Stock-Based Compensation [Line Items]
Stock-based compensation expense			$ 6	$ 6
Stock-based compensation expense, net of tax			4	$ 4
Total unrecognized compensation costs related to non-vested stock options and restricted share units			$ 41
Weighted-average period of recognition of stock-based compensation cost			2 years 1 month 24 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			741,120

Comprehensive (Loss) Income (Na

Comprehensive (Loss) Income (Narrative) (Details) - Interest Rate Swap Contract [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 31, 2022
Derivative [Line Items]
Derivative, Notional Amount	$ 650	$ 546
Amount Received From Terminated Interest Rate Swap	$ 12
Interest rate swap, remaining unamortized amount		$ 4

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
		Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		$ (22)	$ (39)
Other comprehensive (loss) income before reclassifications:
Pre-tax amount		39	32
Tax provision		(9)	(5)
After-tax amount		30	27
Amounts reclassified from accumulated other comprehensive (loss) income	[1]	(2)	(5)
Net current period other comprehensive income (loss)		28	22
Balance at the end of period		6	(17)
Unrealized Gains (Losses) On Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		(5)	(16)
Other comprehensive (loss) income before reclassifications:
Pre-tax amount		39	34
Tax provision		(9)	(5)
After-tax amount		30	29
Amounts reclassified from accumulated other comprehensive (loss) income	[1]	(2)	(5)
Amount reclassified within accumulated other comprehensive (loss) income	[2]	(4)	(9)
Net current period other comprehensive income (loss)		23	14
Balance at the end of period		18	(2)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		(16)	(23)
Other comprehensive (loss) income before reclassifications:
Pre-tax amount			(2)
After-tax amount			(2)
Amount reclassified within accumulated other comprehensive (loss) income	[2]	4	9
Net current period other comprehensive income (loss)		5	8
Balance at the end of period		$ (12)	$ (15)
[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
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Impact of income taxes	$ (3)	$ (11)
Net Income	19	27
Amount Reclassified From Accumulated Other Comprehensive (Loss) Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net gains (losses) on derivatives	2	5
Impact of income taxes
Net Income	2	5
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	1	1
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)	(2)
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	$ 5

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Cash paid for or (received from):
Income taxes, net of refunds	$ (7)
Tax overpayments	$ 9

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash paid for or (received from):
Interest expense	$ 14	$ 15
Income taxes, net of refunds	$ (7)

Supplemental Cash Flow Inform_5

Supplemental Cash Flow Information (Summary Of Cash And Cash Equivalents And Restricted Cash) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 170	$ 116	$ 484
Restricted cash	89	$ 89	89
Total Cash and cash equivalents and Restricted cash	$ 258		$ 573

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($) $ in Millions	Jan. 06, 2022	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Amount borrowed		$ 80	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Repayment of debt		$ 50
Amount borrowed	$ 80
Debt Instrument, Maturity Date		Nov. 4, 2024

Long-Term Debt (Schedule Of Lon

Long-Term Debt (Schedule Of Long-Term Debt) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Long-term debt [Line Items]
Vehicle finance leases	[1]	$ 119	$ 119
Less current portion		(77)	(50)
Total long-term debt		$ 848	849
Fleet Agreement [Member]
Long-term debt [Line Items]
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	[2]	$ 540	540
Unamortized debt issuance costs		6	6
Unamortized original issue discount				$ 1	$ 1
Revolving Credit Facility Maturing In 2024 [Member] | Revolving Credit Facility [Member]
Long-term debt [Line Items]
Long-term debt		30
5.125% Notes Maturing In 2024 [Member] | Notes [Member]
Long-term debt [Line Items]
Unamortized debt issuance costs		14	14
7.45% notes maturing in 2027 [Member] | Notes [Member]
Long-term debt [Line Items]
Long-term debt	[3]	$ 173	$ 172
Interest rate (as a percent)		7.45%	7.45%
7.25% notes maturing in 2038 [Member] | Notes [Member]
Long-term debt [Line Items]
Long-term debt	[4]	$ 41	$ 41
Interest rate (as a percent)		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
Other [Member]
Long-term debt [Line Items]
Long-term debt	[5]	$ 22	$ 26
Minimum [Member] | Fleet Agreement [Member]
Long-term debt [Line Items]
Borrowing margin (as a percent)		1.25%
Maximum [Member] | Fleet Agreement [Member]
Long-term debt [Line Items]
Borrowing margin (as a percent)		2.45%
[1]	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 1.25 % to 2.45 % .
[2]	As of March 31, 2022 and December 31, 2021, presented net of $ 6 million and $ 6 million in unamortized debt issuance costs, respectively, and $ 1 million of unamortized original issue discount in each period.
[3]	As of March 31, 2022 and December 31, 2021, presented net of $ 14 million and $ 14 million, respectively of unamortized fair value adjustments related to purchase accounting, which increases the effective interest rate from the coupon rates above.
[4]	As of both March 31, 2022 and December 31, 2021, 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.
[5]	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		3 Months Ended
		Mar. 31, 2022	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		0.139%
[1]	Before the application of the applicable borrowing margin.

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Assets recorded under finance leases	$ 281	$ 277
Finance Lease, Accumulated Depreciation	163	159
Finance lease, liability, current	37	37
Finance lease, liability, noncurrent	$ 82	$ 82

Leases (Components Of Lease Exp

Leases (Components Of Lease Expense) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Depreciation of finance lease ROU assets	$ 11	$ 10
Interest on finance lease liabilities	1	1
Operating lease cost	6	5
Sublease income	(1)	(1)
Total lease cost	$ 16	$ 15

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information And Other Information For Leases) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating cash flows for operating leases	$ 6	$ 6
Operating cash flows for finance leases	1	1
Financing cash flows for finance leases	10	10
ROU assets obtained in exchange for lease obligations: Operating leases	5	2
ROU assets obtained in exchange for lease obligations: Finance leases	$ 10	$ 6
Weighted Average Remaining Lease Term (in years): Operating leases	9 years 6 months 3 days	10 years 4 months 17 days
Weighted Average Remaining Lease Term (in years): Finance leases	3 years 11 months 12 days	3 years 5 months 1 day
Weighted Average Discount Rate: Operating leases	5.18%	5.29%
Weighted Average Discount Rate: Finance leases	5.22%	4.68%

Leases (Future Minimum Lease Pa

Leases (Future Minimum Lease Payments Under Non-Cancellable Leases) (Details) - USD ($) $ in Millions		Mar. 31, 2022	Dec. 31, 2021
Operating Leases, 2022 (excluding the Three months ended March 31, 2022)	[1]	$ 18
Operating Leases, 2023	[1]	20
Operating Leases, 2024	[1]	16
Operating Leases, 2025	[1]	14
Operating Leases, 2026	[1]	11
Operating Leases, Thereafter	[1]	65
Operating Leases, Total future minimum lease payments	[1]	144
Operating Leases, Less imputed interest	[1]	(34)
Operating Leases, Total	[1]	110
Finance Leases, 2022 (excluding the Three months ended March 31, 2022)		30
Finance Leases, 2023		34
Finance Leases, 2024		25
Finance Leases, 2025		19
Finance Leases, 2026		14
Finance Leases, Thereafter		3
Finance Leases, Total future minimum lease payments		126
Finance Leases, Less imputed interest		(7)
Finance Leases, Total	[2]	119	$ 119
Minimum [Member]
Expected sublease income, amount expected each year		4
Maximum [Member]
Expected sublease income, amount expected each year		$ 5
[1]	Each year is presented net of approximately $ 4 -$ 5 million of projected annual sublease income.
[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 1.25 % to 2.45 % .

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)item	Dec. 31, 2021USD ($)
Acquisitions [Line Items]
Number of Businesses Acquired | item	0
Other investments	$ 31	$ 0
Business acquisitions, net of cash acquired	0	$ 22
Goodwill	2,210		$ 2,211
Four Tuck-In Acquisitions [Member]
Acquisitions [Line Items]
Number of Businesses Acquired | item		4
Business acquisitions, net of cash acquired		$ 15
The 2021 Acquisitions [Member]
Acquisitions [Line Items]
Contingent consideration, reversed amount, contingency not met	$ 1
Goodwill		11
Other intangibles related to acquisitions		4
Minority Investment [Member]
Acquisitions [Line Items]
Business acquisitions, net of cash acquired		$ 8

Acquisitions (Schedule Of Suppl

Acquisitions (Schedule Of Supplemental Cash Flow Information Regarding Acquisitions) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Supplemental cash flow information regarding acquisitions
Assets acquired	$ 16
Net assets acquired	16
Net cash paid	15
Seller financed debt	1
Purchase price	$ 16

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Taxes [Abstract]
Effective tax rate on income from continuing operations (as a percent)	14.20%	28.50%
Unrecognized tax benefits that would impact effective tax rate if recognized	$ 9		$ 13
Unrecognized tax benefits, reasonably possible decrease within the next 12 months	$ 1

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
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	806	$ 779
Estimated Fair Value [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of total debt	868	$ 866
Fuel Swap Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Aggregate notional amount	20
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	$ (7)

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule Of The Carrying Amount And Estimated Fair Value Of The Company's Financial Instruments That Are Recorded At Fair Value On A Recurring Basis) (Details) - Recurring [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Quoted Prices In Active Markets (Level 1) [Member]
Financial Assets:
Deferred compensation trust	$ 14	$ 15
Total financial assets	14	15
Significant Other Observable Inputs (Level 2) [Member]
Financial Assets:
Total financial assets	20
Total financial liabilities	10	26
Significant Other Observable Inputs (Level 2) [Member] | Cross-Currency Interest Rate Swap [Member]
Financial Assets:
Derivative contracts	4	7
Significant Other Observable Inputs (Level 2) [Member] | Net Investment Hedge [Member]
Financial Assets:
Derivative contracts	6	11
Significant Other Observable Inputs (Level 2) [Member] | Interest Rate Swap Contract [Member]
Financial Assets:
Derivative asset, current	20
Derivative contracts		8
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets:
Total financial assets	6	2
Significant Unobservable Inputs (Level 3) [Member] | Fuel Swap Contracts [Member]
Financial Assets:
Derivative asset, current	6	2
Carrying Value [Member]
Financial Assets:
Deferred compensation trust	14	15
Total financial assets	39	17
Total financial liabilities	10	26
Carrying Value [Member] | Cross-Currency Interest Rate Swap [Member]
Financial Assets:
Derivative contracts	4	7
Carrying Value [Member] | Net Investment Hedge [Member]
Financial Assets:
Derivative contracts	6	11
Carrying Value [Member] | Fuel Swap Contracts [Member]
Financial Assets:
Derivative asset, current	6	2
Carrying Value [Member] | Interest Rate Swap Contract [Member]
Financial Assets:
Derivative asset, current	$ 20
Derivative contracts		$ 8

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
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	$ 2	$ 3
Total gains (losses) (realized and unrealized)
Included in earnings	1	(1)
Included in other comprehensive income	4	3
Settlements	(1)	1
Balance at the end of the period	$ 6	$ 6

Fair Value Measurements (Sche_3

Fair Value Measurements (Schedule Of Level 3 Financial Instruments) (Details) - Fuel Swap Contracts [Member] $ in Millions		Mar. 31, 2022USD ($)$ / gal	Dec. 31, 2021USD ($)$ / gal	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Information relating to the significant unobservable inputs of Level 3 financial instruments
Fair value | $		$ 6	$ 2	$ 6	$ 3
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]	3.54	3.02
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]	4.20	3.42
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)		3.88	3.23
[1]	Forward prices per gallon were derived from third-party market data providers. A decrease in the forward price would result in a decrease in the fair value of the fuel swap contracts.

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Reconciliation Of The Amounts Included In The Computation Of Basic Earnings Per Share From Continuing Operations And Diluted Earnings Per Share From Continuing Operations) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income		$ 19	$ 27
Weighted-average common shares outstanding		121.4	131.4
Effect of dilutive securities:
Weighted-average common shares outstanding-assuming dilution		121.6	131.9
Basic earnings per share		$ 0.15	$ 0.20
Diluted earnings per share		$ 0.15	$ 0.20
Antidilutive securities excluded from computation of diluted earnings per share (in shares)		0.4	0.4
RSUs [Member]
Effect of dilutive securities:
Dilutive securities		0.1	0.3
Stock Options [Member]
Effect of dilutive securities:
Dilutive securities	[1]	0.1	0.2
[1]	Options to purchase 0.4 million and an insignificant number of shares for the three months ended March 31, 2022, and 2021, respectively were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive.