Frontdoor (FTDR) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	001-38617
Entity Registrant Name	frontdoor, inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-3871179
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	701-5000
Title of 12(b) Security	Common stock, par value $0.01 per share
Trading Symbol	FTDR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	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		85,685,092
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2021
Entity Central Index Key	0001727263

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations and Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Condensed Consolidated Statement of Operations and Comprehensive Income [Abstract]
Revenue	$ 329	$ 294
Cost of services rendered	181	147
Gross Profit	148	147
Selling and administrative expenses	118	105
Depreciation and amortization expense	9	8
Restructuring charges	1	3
Interest expense	13	15
Interest and net investment income	0	(2)
Loss on extinguishment of debt	1	0
Income before Income Taxes	5	17
Provision for income taxes	1	4
Net Income	5	13
Other Comprehensive Income (Loss), Net of Income Taxes:
Net unrealized gain (loss) on derivative instruments	7	(15)
Total Comprehensive Income (Loss)	$ 12	$ (2)
Earnings per Share:
Basic	$ 0.06	$ 0.15
Diluted	$ 0.06	$ 0.15
Weighted-average Common Shares Outstanding:
Basic	85.4	85.1
Diluted	86	85.4

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Position - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 538	$ 597
Receivables, less allowance of $2 in each period	4	5
Prepaid expenses and other assets	30	24
Total Current Assets	573	626
Other Assets:
Property and equipment, net	61	60
Goodwill	512	512
Intangible assets, net	167	170
Operating lease right-of-use assets	20	15
Deferred customer acquisition costs	20	19
Other assets	3	3
Total Assets	1,355	1,405
Current Liabilities:
Accounts payable	66	55
Accrued liabilities:
Payroll and related expenses	19	23
Home service plan claims	85	90
Interest payable	3	9
Other	32	32
Deferred revenue	227	187
Current portion of long-term debt	7	7
Total Current Liabilities	439	403
Long-Term Debt	868	968
Other Long-Term Liabilities:
Deferred taxes	41	38
Operating lease liabilities	23	18
Other long-term obligations	30	40
Total Other Long-Term Liabilities	94	96
Commitments and Contingencies (Note 8)
Shareholders' Equity:
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 85,680,630 shares issued and 85,679,700 shares outstanding at March 31, 2021 and 85,477,779 shares issued and outstanding at December 31, 2020	1	1
Additional paid-in capital	49	46
Accumulated deficit	(70)	(75)
Accumulated other comprehensive loss	(26)	(33)
Total Deficit	(46)	(61)
Total Liabilities and Shareholders' Equity	$ 1,355	$ 1,405

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Financial Position (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Condensed Consolidated Statements of Financial Position [Abstract]
Allowance for receivables (in dollars)	$ 2	$ 2
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)	85,680,630	85,477,779
Common stock, shares outstanding (in shares)	85,679,700	85,477,779

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in (Deficit) Equity - USD ($) $ in Millions	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Total
Balance at beginning of period at Dec. 31, 2019	$ 1	$ 29	$ (188)	$ (21)
Net income			13		$ 13
Taxes paid related to net share settlement of equity awards		(1)
Stock-based employee compensation		3
Other comprehensive income (loss), net of tax				(15)	(15)
Balance at end of period at Mar. 31, 2020	1	31	(174)	(36)	(178)
Balance at beginning of period at Dec. 31, 2020	1	46	(75)	(33)	(61)
Net income			5		5
Exercise of stock options		1
Taxes paid related to net share settlement of equity awards		(4)
Stock-based employee compensation		6
Other comprehensive income (loss), net of tax				7	7
Balance at end of period at Mar. 31, 2021	$ 1	$ 49	$ (70)	$ (26)	$ (46)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Condensed Consolidated Statements of Cash Flows [Abstract]
Cash and Cash Equivalents at Beginning of Period	$ 597	$ 428
Cash Flows from Operating Activities:
Net Income	5	13
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation and amortization expense	9	8
Stock-based compensation expense	6	3
Restructuring charges	1	3
Payments for restructuring charges	(1)	(3)
Loss on extinguishment of debt	1	0
Change in working capital, net of acquisitions:
Receivables	1	3
Prepaid expenses and other current assets	1	2
Accounts payable	11	7
Deferred revenue	40	40
Accrued liabilities	(8)	(15)
Accrued interest payable	(6)	(6)
Current income taxes	(8)	4
Net Cash Provided from Operating Activities	52	60
Cash Flows from Investing Activities
Purchases of property and equipment	(7)	(8)
Purchases of available-for-sale securities	0	(2)
Sales and maturities of available-for-sale securities	0	7
Net Cash Used for Investing Activities	(7)	(3)
Cash Flows from Financing Activities
Payments of debt	(102)	(2)
Other financing activities	(3)	(1)
Net Cash Used for Financing Activities	(105)	(3)
Cash (Decrease) Increase During the Period	(59)	54
Cash and Cash Equivalents at End of Period	$ 538	$ 482

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Basis of Presentation [Abstract]
Basis of Presentation	Note 1. Basis of Presentation Frontdoor is the leading provider of home service plans in the United States, as measured by revenue, and operates under the American Home Shield, HSA, OneGuard and Landmark brands. Our customizable home service plans help customers protect and maintain their homes, typically their most valuable asset, from costly and unplanned breakdowns of essential home systems and appliances. Our home service plan customers subscribe to an annual service plan agreement that covers the repair or replacement of major components of more than 20 home systems and appliances, including electrical, plumbing, central HVAC systems, water heaters, refrigerators, dishwashers and ranges/ovens/cooktops, as well as optional coverages for electronics, pools, spas and pumps. Our operations also include our ProConnect on-demand home services business and Streem, a technology platform that uses augmented reality, computer vision and machine learning to, among other things, help home service professionals more quickly and accurately diagnose breakdowns and complete repairs. At March 31, 2021, we had over two million active home service plans across all 50 states and the District of Columbia. We recommend that the accompanying condensed consolidated financial statements be read in conjunction with the audited consolidated and combined financial statements and the notes thereto included in our 2020 Form 10-K. The accompanying condensed consolidated financial statements reflect all normal and recurring adjustments that are, in the opinion of management, necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods presented. The results of operations for any interim period are not indicative of the results that might be achieved for a full year. Impact of the COVID-19 Pandemic On March 11, 2020, the World Health Organization (“WHO”) characterized the novel coronavirus disease (“COVID-19”) as a pandemic, and on March 13, 2020, the United States declared a national emergency concerning the outbreak. The broader implications of the COVID-19 pandemic on our results of operations and overall financial performance remain uncertain. In response to the COVID-19 pandemic, we have taken a number of steps to protect the well-being of our employees, customers and contractors, and we continue to respond to the real-time needs of our business. The COVID-19 situation remains very fluid, and we continue to adjust our response in real time. While we did not experience a material impact on our results of operations and overall financial performance during the first quarter of 2020, during the first quarter of 2021, our financial condition and results of operations were adversely impacted by the COVID-19 pandemic as follows:  Revenue in the first-year real estate channel has continued to be adversely impacted by the decline in U.S. existing home sales in the second quarter of 2020. Due to the annual nature of our home service plan agreements, the impact of this decline carried forward into the first quarter of 2021. Additionally, a strong existing home seller’s market has constrained demand for home service plans in this channel.  We experienced an increase in appliance and plumbing claims primarily due to the increased usage of home systems and appliances driven by state and local shelter at home orders and recommendations. In addition, industry-wide availability challenges in the appliance trade have caused increased cost pressure, and, more specifically, appliance parts availability challenges drove additional replacements, contributing to the increased costs.  We incurred incremental wages at our customer care centers due to a higher number of service requests in the appliance and plumbing trades, which is primarily a result of customers sheltering at home in response to COVID-19.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Significant Accounting Policies [Abstract]
Significant Accounting Policies	f Note 2. Significant Accounting Policies Our significant accounting policies are described in Note 2 to the audited consolidated and combined financial statements included in our 2020 Form 10-K. There have been no material changes to the significant accounting policies for the three months ended March 31, 2021.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2021
Revenue [Abstract]
Revenue	Note 3. Revenue We enter into annual home service plan agreements with our customers. We have one performance obligation, which is to provide for the repair or replacement of essential home systems and appliances, as applicable per the contract. We recognize revenue at the agreed upon contractual amount over time using the input method in proportion to the costs expected to be incurred in performing services under the contracts. Those costs bear a direct relationship to the fulfillment of our obligations under the contracts and are representative of the relative value provided to the customer. As the costs to fulfill the obligations of the home service plans are incurred on an other-than-straight-line basis, we utilize historical evidence to estimate the expected claims expense and related timing of such costs. This adjustment to the straight-line revenue creates a contract asset or contract liability, as described under the heading “Contract balances” below. We regularly review our estimates of claims costs and adjust our estimates when appropriate. We derive substantially all of our revenue from customers in the United States. We disaggregate revenue from contracts with customers into major customer acquisition channels. We determined that disaggregating revenue into these categories depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. Revenue by major customer acquisition channel is as follows: ___ Three Months Ended March 31, (In millions) 2021 2020 Renewals $ 224 $ 200 Real estate (1) 57 56 Direct-to-consumer (1) 41 35 Other 8 3 Total $ 329 $ 294 _____________________________ (1) First-year revenue only. Renewals Revenue from all customer renewals, whether initiated via the real estate or direct-to-consumer channel, are classified as renewals above. Customer payments for renewals are received either at the commencement of the renewal period or in installments over the contract period. Real estate Real estate home service plans are sold through annual contracts in connection with a real estate sale, and payments are typically paid in full at closing. First-year revenue from the real estate channel is classified as real estate above. Direct-to-consumer Direct-to-consumer home service plans are sold through annual contracts when customers request a service plan in response to marketing efforts or when third-party resellers make a sale. Customer payments are received either at the commencement of the contract or in installments over the contract period. First-year revenue from the direct-to-consumer channel is classified as direct-to-consumer above. Costs to obtain a contract with a customer We capitalize the incremental costs of obtaining a contract with a customer, primarily sales commissions, and recognize the expense using the input method in proportion to the costs expected to be incurred in performing services under the contract, over the expected customer relationship period. Deferred customer acquisition costs were $ 20 million and $ 19 million as of March 31, 2021 and December 31, 2020, respectively. Amortization of these deferred acquisition costs was $ 4 million for each of the three months ended March 31, 2021 and 2020. There were no impairment losses in relation to these capitalized costs. Contract balances Timing of revenue recognition may differ from the timing of invoicing to customers. Contracts with customers, including contracts resulting from customer renewals, are generally for a period of one year . 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 receivable are recorded within Receivables, less allowances, in the accompanying condensed consolidated statements of financial position. We invoice our monthly-pay customers on a straight-line basis over the contract term. As a result, a contract asset is created when revenue is recognized on monthly-pay customers before being billed. Deferred revenue represents a contract liability and is recognized when cash payments are received in advance of the performance of services, including when the amounts are refundable. Amounts are recognized as revenue in proportion to the costs expected to be incurred in performing services under our contracts. Deferred revenue was $ 227 million and $ 187 million as of March 31, 2021 and December 31, 2020, respectively, and as of March 31, 2021, includes a net contract liability of $ 45 million related to the recognition of monthly-pay customer revenue on an other-than-straight-line basis to match the timing of cost recognition. Changes in deferred revenue for the three months ended March 31, 2021 were as follows: (In millions) Deferred Revenue Balance as of December 31, 2020 $ 187 Deferral of revenue 123 Recognition of deferred revenue ( 84 ) Balance as of March 31, 2021 $ 227 There was approximately $ 71 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.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets [Abstract]
Goodwill and Intangible Assets	Note 4. Goodwill and Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized and are subject to assessment for impairment on an annual basis or more frequently if circumstances indicate a potential impairment. An assessment for impairment is performed on October 1 of every year. The balance of goodwill was $ 512 million as of March 31, 2021 and December 31, 2020. There were no goodwill or trade name impairment charges recorded in the three months ended March 31, 2021 and 2020. There were no accumulated impairment losses recorded as of March 31, 2021 and December 31, 2020. The table below summarizes the other intangible asset balances: As of March 31, 2021 As of December 31, 2020 (In millions) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trade names (1) $ 141 $ — $ 141 $ 141 $ — $ 141 Customer relationships 173 ( 171 ) 1 173 ( 171 ) 2 Developed technology 25 ( 8 ) 18 25 ( 6 ) 19 Other 37 ( 29 ) 7 37 ( 29 ) 8 Total $ 375 $ ( 208 ) $ 167 $ 375 $ ( 205 ) $ 170 ___________________________________ (1) Not subject to amortization. Amortization expense was $ 3 million for each of the three months ended March 31, 2021 and 2020. The following table outlines expected amortization expense for existing intangible assets for the remainder of 2021 and the next five years : (In millions) 2021 (remainder) $ 8 2022 8 2023 6 2024 4 2025 — 2026 — Total $ 26

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	Note 5. Leases We have operating leases primarily for our corporate offices, customer care centers and engineering and technology campuses. Our leases have remaining lease terms of two years to 14 years, some of which include options to extend the leases for up to five years . Renewal options that are reasonably certain to be exercised are included in the lease term. An incremental borrowing rate is used in determining the present value of lease payments unless an implicit rate is readily determinable. Incremental borrowing rates are determined based on our secured borrowing rating and the lease term. The weighted-average remaining lease term and weighted-average discount rate related to operating leases is as follows: As of March 31, December 31, 2021 2020 Weighted-average remaining lease term (years) 9 9 Weighted-average discount rate 5.5 % 6.0 % We recognized operating lease expense of $ 1 million for each of the three months ended March 31, 2021 and 2020. These expenses are included in Selling and administrative expenses in the accompanying condensed consolidated statements of operations and comprehensive income. Supplemental cash flow information related to operating leases is as follows: z Three Months Ended March 31, (In millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities (1) $ 1 $ 3 Leased assets obtained in exchange for new lease liabilities 6 — _____________________________ (1) For the three months ended March 31, 2020, amounts include $ 2 million of lease termination costs related to the decision to consolidate certain operations of Landmark Home Warranty, LLC (“Landmark”) with those of OneGuard Home Warranties (“OneGuard”). See Note 7 to the accompanying condensed consolidated financial statements for further information. Supplemental balance sheet information related to operating leases is as follows: As of March 31, December 31, (In millions) 2021 2020 Operating lease right-of-use assets $ 26 $ 21 Less lease incentives ( 6 ) ( 6 ) Operating lease right-of-use assets, net $ 20 $ 15 Other accrued liabilities $ 4 $ 3 Operating lease liabilities 23 18 Total operating lease liabilities $ 26 $ 21 The following table presents maturities of our operating lease liabilities as of March 31, 2021. (In millions) 2021 (remainder) $ 4 2022 5 2023 5 2024 3 2025 2 2026 2 Thereafter 12 Total lease payments 34 Less imputed interest ( 8 ) Total $ 26

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Taxes [Abstract]
Income Taxes	Note 6. Income Taxes As required by ASC 740, we compute interim period income taxes by applying an anticipated annual effective tax rate to our year-to-date income or loss from operations before income taxes, except for significant unusual or infrequently occurring items. Our estimated tax rate is adjusted each quarter in accordance with ASC 740. The effective tax rate on income was 9.8 percent and 25.0 percent for the three months ended March 31, 2021 and 2020, respectively. The decrease in the effective tax rate for the three months ended March 31, 2021 compared to 2020 is primarily due to excess tax benefits for share-based awards. We are subject to taxation in the United States, various states and foreign jurisdictions. Pursuant to the terms of the tax matters agreement entered into with Terminix in connection with the Spin-off, we are not subject to federal examination by the IRS or examination by state taxing authorities where a unitary or combined state income tax return is filed for the years prior to 2018. We are not subject to state and local income tax examinations by tax authorities in jurisdictions where separate income tax returns are filed for the years prior to 2016. Substantially all of our income before income taxes for the three months ended March 31, 2021 and 2020 was generated in the United States. Our policy is to recognize potential interest and penalties related to our tax positions within the tax provision. Total interest and penalties included in the accompanying condensed consolidated statements of operations and comprehensive income are immaterial.

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2021
Restructuring Charges [Abstract]
Restructuring Charges	Note 7. Restructuring Charges We incurred restructuring charges of $ 1 million ($ 1 million, net of tax) and $ 3 million ($ 2 million, net of tax) for the three months ended March 31, 2021 and 2020, respectively. For the three months ended March 31, 2021 , restructuring charges primarily comprised accelerated depreciation of certain technology systems driven by efforts to enhance our technological capabilities. For the three months ended March 31, 2020, restructuring charges comprised lease termination costs and severance and other costs related to the decision to consolidate certain operations of Landmark with those of OneGuard. The pre-tax charges discussed above are reported in “Restructuring charges” in the accompanying condensed consolidated statements of operations and comprehensive income. As of December 31, 2020, there were $ 1 million of restructuring charges accrued, which were paid or otherwise settled during the three months ended March 31, 2021. As of March 31, 2021, there were less than $ 1 million in accrued restructuring charges in the accompanying condensed consolidated statements of financial position.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 8. Commitments and Contingencies Accruals for home service plan claims are made using internal actuarial projections, which are based on current claims and historical claims experience. Accruals are established based on estimates of the ultimate cost to settle claims. Home service plan claims take approximately three months to settle, on average, and substantially all claims are settled within six months of incurrence. The amount of time required to settle a claim can vary based on a number of factors, including whether a replacement is ultimately required. In addition to our estimates, we engage a third-party actuary to perform an accrual analysis utilizing generally accepted actuarial methods that incorporate cumulative historical claims experience and information provided by us. We regularly review our estimates of claims costs along with the third-party analysis and adjust our estimates when appropriate. We believe the use of actuarial methods to account for these liabilities provides a consistent and effective way to measure these judgmental accruals. We have certain liabilities with respect to existing or potential claims, lawsuits and other proceedings. We accrue for these liabilities when it is probable that future costs will be incurred and such costs can be reasonably estimated. Any resulting adjustments, which could be material, are recorded in the period the adjustments are identified. In January 2021, a lawsuit was filed in the Superior Court of the State of Arizona by the Arizona Attorney General (the "AZ Attorney General") against Landmark, alleging, among other things, that Landmark violated the Arizona Consumer Fraud Act by engaging in deceptive, misleading or unfair practices with respect to the provision of expedited services to its customers during extreme temperatures from January 2017 to July 2020. The AZ Attorney General sought $ 14.7 million in damages plus penalties, costs, interest and attorneys’ fees in this matter. Although Landmark disagreed with the allegations that it violated Arizona law, as litigation is inherently unpredictable, Landmark fully settled this matter with the AZ Attorney General in March 2021 for $ 1.8 million. As we recorded an estimate of loss with respect to this matter during the year ended December 31, 2020 equal to the amount of the settlement, no additional expense was recognized in the three months ended March 31, 2021. Due to the nature of our business activities, we are also at times subject to pending and threatened legal and regulatory actions that arise out of the ordinary course of business. In the opinion of management, based in part upon advice of legal counsel, the disposition of any such matters is not expected, individually or in the aggregate, to have a material adverse effect on our business, financial position, results of operations or cash flows. However, the results of legal actions cannot be predicted with certainty. Therefore, it is possible that our business, financial position, results of operations or cash flows could be materially adversely affected in any particular period by the unfavorable resolution of one or more legal actions.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2021
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 9. Stock-Based Compensation We recognized stock-based compensation expense of $ 6 million ($ 4 million, net of tax) and $ 3 million ($ 3 million, net of tax) for the three months ended March 31, 2021 and 2020, respectively. These charges are included in Selling and administrative expenses in the accompanying condensed consolidated statements of operations and comprehensive income. A summary of awards granted under the Omnibus Plan during the three months ended March 31, 2021 is presented below: Number of Weighted Avg. Weighted Avg. Weighted Avg. Awards Exercise Grant Date Vesting Granted Price Fair Value Period Stock options 245,599 $ 54.81 $ 28.09 4 years Restricted stock units 368,202 54.83 3 years Performance shares (1) 98,017 54.81 3 years _____________________________ (1) The number of performance shares granted during the three months ended March 31, 2021 represents the target value of the awards. The performance shares contain a performance condition that is based on our revenue target, and the ultimate number of performance shares to be earned depends on the achievement of this performance condition. As of March 31, 2021, there was $ 61 million of total unrecognized compensation cost, net of estimated forfeitures, related to unvested stock options, restricted stock units (“RSUs”), performance shares and restricted stock awards (“RSAs”). These remaining costs are expected to be recognized over a weighted-average period of 2.68 years.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2021
Long-Term Debt [Abstract]
Long-Term Debt	Note 10. Long-Term Debt Long-term debt is summarized in the following table: As of March 31, December 31, (In millions) 2021 2020 Term Loan Facility maturing in 2025 (1) $ 529 $ 629 Revolving Credit Facility maturing in 2023 — — 2026 Notes (2) 346 346 Less current portion ( 7 ) ( 7 ) Total long-term debt $ 868 $ 968 ___________________________________ (1) As of March 31, 2021 and December 31, 2020, presented net of $ 4 million and $ 5 million, respectively, in unamortized debt issuance costs and $ 1 million in unamortized original issue discount paid. (2) As of March 31, 2021 and December 31, 2020, presented net of $ 4 million in unamortized debt issuance costs. On February 17, 2021, we repaid $ 100 million of the outstanding principal amount of the Term Loan Facility. In connection with the repayment, we recorded a loss on extinguishment of debt of $ 1 million, which included the write-off of debt issuance costs and original issue discount.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Note 11. Supplemental Cash Flow Information Supplemental information relating to the accompanying condensed consolidated statements of cash flows is presented in the following table: Three Months Ended March 31, (In millions) 2021 2020 Cash paid for (received from): Interest expense $ 18 $ 20 Income tax payments, net of refunds 8 — Interest income — ( 2 )

Comprehensive Income (Loss)

Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2021
Comprehensive Income (Loss) [Abstract]
Comprehensive Income (Loss)	Note 12. Comprehensive Income (Loss) Comprehensive income (loss), which includes net income (loss) and unrealized gain (loss) on derivative instruments, is disclosed in the accompanying condensed consolidated statements of operations and comprehensive income and condensed consolidated statements of changes in equity. The following tables summarize the activity in AOCI, net of the related tax effects. Unrealized Loss (In millions) on Derivatives Total Balance as of December 31, 2020 $ ( 33 ) $ ( 33 ) Other comprehensive income (loss) before reclassifications: Pre-tax amount 7 7 Tax provision (benefit) 2 2 After-tax amount 5 5 Amounts reclassified from accumulated other comprehensive income (loss) (1) 2 2 Net current period other comprehensive income (loss) 7 7 Balance as of March 31, 2021 $ ( 26 ) $ ( 26 ) Balance as of December 31, 2019 $ ( 21 ) $ ( 21 ) Other comprehensive income (loss) before reclassifications: Pre-tax amount ( 21 ) ( 21 ) Tax provision (benefit) ( 5 ) ( 5 ) After-tax amount ( 16 ) ( 16 ) Amounts reclassified from accumulated other comprehensive income (loss) (1) 1 1 Net current period other comprehensive income (loss) ( 15 ) ( 15 ) Balance as of March 31, 2020 $ ( 36 ) $ ( 36 ) ___________________________________ (1) Amounts are net of tax. See reclassifications out of AOCI below for further details. Reclassifications out of AOCI included the following components for the periods indicated. Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, Consolidated Statements of (In millions) 2021 2020 Operations and Comprehensive Income Location Loss on interest rate swap contract $ ( 3 ) $ ( 1 ) Interest expense Impact of income taxes 1 — Provision for income taxes Total reclassifications related to derivatives $ ( 2 ) $ ( 1 ) Total reclassifications for the period $ ( 2 ) $ ( 1 )

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2021
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note 13. Derivative Financial Instruments We currently use a derivative financial instrument to manage risks associated with changes in interest rates. We do not hold or issue derivative financial instruments for trading or speculative purposes. In designating derivative financial instruments as hedging instruments under accounting standards for derivative instruments, we formally document the relationship between the hedging instrument and the hedged item, as well as the risk management objective and strategy for the use of the hedging instrument. This documentation includes linking the derivatives to forecasted transactions. We assess at the time a derivative contract is entered into, and at least quarterly thereafter, whether the derivative item is effective in offsetting the projected cash flows of the associated forecasted transaction. We hedge the interest payments on a portion of our variable rate debt through the use of an interest rate swap agreement. Our interest rate swap contract is classified as a cash flow hedge, and, as such, it is recorded in the accompanying condensed consolidated statements of financial position as either an asset or liability at fair value, with changes in fair value recorded in AOCI. Cash flows related to the interest rate swap contract are classified as operating activities in the accompanying condensed consolidated statements of cash flows. The effective portion of the gain or loss on our interest rate swap contract is recorded in AOCI. These amounts are reclassified into earnings in the same period or periods during which the hedged forecasted debt interest settlement affects earnings. See Note 12 to the accompanying condensed consolidated financial statements for the effective portion of the gain or loss on derivative instruments recorded in AOCI and for the amounts reclassified out of AOCI and into earnings. As the underlying forecasted transactions occur during the next 12 months, the unrealized hedging loss in AOCI expected to be recognized in earnings is $ 8 million, net of tax, as of March 31, 2021. The amounts that are ultimately reclassified into earnings will be based on actual interest rates at the time the positions are settled and may differ materially from the amount noted above.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 14. Fair Value Measurements We estimate fair value at a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market for the asset or liability. The valuation techniques require inputs that the business categorizes using a three-level hierarchy, from highest to lowest level of observable inputs, as follows: unadjusted quoted prices for identical assets or liabilities in active markets ("Level 1"); direct or indirect observable inputs, including quoted prices or other market data, for similar assets or liabilities in active markets or identical assets or liabilities in less active markets ("Level 2"); and unobservable inputs that require significant judgment for which there is little or no market data ("Level 3"). When multiple input levels are required for a valuation, we categorize the entire fair value measurement according to the lowest level of input that is significant to the measurement, even though we may have also utilized significant inputs that are more readily observable. The period-end carrying amounts of cash and cash equivalents, receivables, accounts payable and accrued liabilities approximate fair value because of the short maturity of these instruments. The carrying amount of total debt was $ 875 million and $ 975 million, and the estimated fair value was $ 902 million and $ 1,004 million as of March 31, 2021 and December 31, 2020, respectively. The fair value of our debt is estimated based on available market prices for the same or similar instruments that 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, 2021 and December 31, 2020. We value our interest rate swap contract using a forward interest rate curve obtained from a third-party market data provider. The fair value of the 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 contract. We have not changed our valuation techniques for measuring the fair value of any financial assets and liabilities during the three months ended March 31, 2021. Transfers between levels, if any, are recognized at the end of the reporting period. There were no transfers between levels during the three months ended March 31, 2021 and 2020. The carrying amount and estimated fair value of our financial instruments that are recorded at fair value on a recurring basis for the periods presented are as follows: Estimated Fair Value Measurements (In millions) Statement of Financial Position Location Carrying Value Quoted Prices In Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) As of March 31, 2021: Financial Liabilities: Interest rate swap contract Other accrued liabilities $ 10 $ — $ 10 $ — Other long-term obligations 24 — 24 — Total financial liabilities $ 34 $ — $ 34 $ — As of December 31, 2020: Financial Liabilities: Interest rate swap contract Other accrued liabilities $ 10 $ — $ 10 $ — Other long-term obligations 33 — 33 — Total financial liabilities $ 43 $ — $ 43 $ —

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2021
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 during the period. 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 , performance shares and RSAs are reflected in diluted earnings per share by applying the treasury stock method. Basic and diluted earnings per share are calculated as follows: Three Months Ended March 31, (In millions, except per share data) 2021 2020 Net Income $ 5 $ 13 Weighted-average common shares outstanding 85.4 85.1 Effect of dilutive securities: RSUs 0.4 0.1 Stock options (1) 0.2 0.1 Weighted-average common shares outstanding - assuming dilution 86.0 85.4 Basic earnings per share $ 0.06 $ 0.15 Diluted earnings per share $ 0.06 $ 0.15 ___________________________________ (1) Options to purchase 0.3 million shares for the three months ended March 31, 2020 were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive. There were no such anti-dilutive options for the three months ended Mar ch 31, 2021.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue [Abstract]
Disaggregation of Revenue From Contracts With Customers	___ Three Months Ended March 31, (In millions) 2021 2020 Renewals $ 224 $ 200 Real estate (1) 57 56 Direct-to-consumer (1) 41 35 Other 8 3 Total $ 329 $ 294 _____________________________ (1) First-year revenue only.
Movement in Deferred Revenue	(In millions) Deferred Revenue Balance as of December 31, 2020 $ 187 Deferral of revenue 123 Recognition of deferred revenue ( 84 ) Balance as of March 31, 2021 $ 227

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets [Abstract]
Schedule of Other Intangible Asset Balances for Continuing Operations	As of March 31, 2021 As of December 31, 2020 (In millions) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Trade names (1) $ 141 $ — $ 141 $ 141 $ — $ 141 Customer relationships 173 ( 171 ) 1 173 ( 171 ) 2 Developed technology 25 ( 8 ) 18 25 ( 6 ) 19 Other 37 ( 29 ) 7 37 ( 29 ) 8 Total $ 375 $ ( 208 ) $ 167 $ 375 $ ( 205 ) $ 170 ___________________________________ (1) Not subject to amortization.
Schedule of Expected Amortization Expense for Intangible Assets	(In millions) 2021 (remainder) $ 8 2022 8 2023 6 2024 4 2025 — 2026 — Total $ 26

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Weighted Average Remaining Lease Term and Discount Rate	As of March 31, December 31, 2021 2020 Weighted-average remaining lease term (years) 9 9 Weighted-average discount rate 5.5 % 6.0 %
Supplemental Cash Flow Related to Leases	z Three Months Ended March 31, (In millions) 2021 2020 Cash paid for amounts included in the measurement of lease liabilities (1) $ 1 $ 3 Leased assets obtained in exchange for new lease liabilities 6 — _____________________________ (1) For the three months ended March 31, 2020, amounts include $ 2 million of lease termination costs related to the decision to consolidate certain operations of Landmark Home Warranty, LLC (“Landmark”) with those of OneGuard Home Warranties (“OneGuard”). See Note 7 to the accompanying condensed consolidated financial statements for further information.
Supplemental Balance Sheet Information Related to Leases	As of March 31, December 31, (In millions) 2021 2020 Operating lease right-of-use assets $ 26 $ 21 Less lease incentives ( 6 ) ( 6 ) Operating lease right-of-use assets, net $ 20 $ 15 Other accrued liabilities $ 4 $ 3 Operating lease liabilities 23 18 Total operating lease liabilities $ 26 $ 21
Maturities of Lease Liabilities	(In millions) 2021 (remainder) $ 4 2022 5 2023 5 2024 3 2025 2 2026 2 Thereafter 12 Total lease payments 34 Less imputed interest ( 8 ) Total $ 26

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Stock-Based Compensation [Abstract]
Summary of Awards Granted	Number of Weighted Avg. Weighted Avg. Weighted Avg. Awards Exercise Grant Date Vesting Granted Price Fair Value Period Stock options 245,599 $ 54.81 $ 28.09 4 years Restricted stock units 368,202 54.83 3 years Performance shares (1) 98,017 54.81 3 years _____________________________ (1) The number of performance shares granted during the three months ended March 31, 2021 represents the target value of the awards. The performance shares contain a performance condition that is based on our revenue target, and the ultimate number of performance shares to be earned depends on the achievement of this performance condition.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Long-Term Debt [Abstract]
Schedule of Long-Term Debt	As of March 31, December 31, (In millions) 2021 2020 Term Loan Facility maturing in 2025 (1) $ 529 $ 629 Revolving Credit Facility maturing in 2023 — — 2026 Notes (2) 346 346 Less current portion ( 7 ) ( 7 ) Total long-term debt $ 868 $ 968 ___________________________________ (1) As of March 31, 2021 and December 31, 2020, presented net of $ 4 million and $ 5 million, respectively, in unamortized debt issuance costs and $ 1 million in unamortized original issue discount paid. (2) As of March 31, 2021 and December 31, 2020, presented net of $ 4 million in unamortized debt issuance costs.

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flow Information [Abstract]
Schedule of Supplemental Information Relating to the Accompanying Condensed Consolidated Statements of Cash Flows	Three Months Ended March 31, (In millions) 2021 2020 Cash paid for (received from): Interest expense $ 18 $ 20 Income tax payments, net of refunds 8 — Interest income — ( 2 )

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2021
Comprehensive Income (Loss) [Abstract]
Summary of the Activity in AOCI, Net of the Related Tax Effects	Unrealized Loss (In millions) on Derivatives Total Balance as of December 31, 2020 $ ( 33 ) $ ( 33 ) Other comprehensive income (loss) before reclassifications: Pre-tax amount 7 7 Tax provision (benefit) 2 2 After-tax amount 5 5 Amounts reclassified from accumulated other comprehensive income (loss) (1) 2 2 Net current period other comprehensive income (loss) 7 7 Balance as of March 31, 2021 $ ( 26 ) $ ( 26 ) Balance as of December 31, 2019 $ ( 21 ) $ ( 21 ) Other comprehensive income (loss) before reclassifications: Pre-tax amount ( 21 ) ( 21 ) Tax provision (benefit) ( 5 ) ( 5 ) After-tax amount ( 16 ) ( 16 ) Amounts reclassified from accumulated other comprehensive income (loss) (1) 1 1 Net current period other comprehensive income (loss) ( 15 ) ( 15 ) Balance as of March 31, 2020 $ ( 36 ) $ ( 36 ) ___________________________________ (1) Amounts are net of tax. See reclassifications out of AOCI below for further details.
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) Three Months Ended March 31, Consolidated Statements of (In millions) 2021 2020 Operations and Comprehensive Income Location Loss on interest rate swap contract $ ( 3 ) $ ( 1 ) Interest expense Impact of income taxes 1 — Provision for income taxes Total reclassifications related to derivatives $ ( 2 ) $ ( 1 ) Total reclassifications for the period $ ( 2 ) $ ( 1 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Measurements [Abstract]
Schedule of the Carrying Amount and Estimated Fair Value of the Company's Financial Instruments that are Recorded at Fair Value on a Recurring Basis	Estimated Fair Value Measurements (In millions) Statement of Financial Position Location Carrying Value Quoted Prices In Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) As of March 31, 2021: Financial Liabilities: Interest rate swap contract Other accrued liabilities $ 10 $ — $ 10 $ — Other long-term obligations 24 — 24 — Total financial liabilities $ 34 $ — $ 34 $ — As of December 31, 2020: Financial Liabilities: Interest rate swap contract Other accrued liabilities $ 10 $ — $ 10 $ — Other long-term obligations 33 — 33 — Total financial liabilities $ 43 $ — $ 43 $ —

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	Three Months Ended March 31, (In millions, except per share data) 2021 2020 Net Income $ 5 $ 13 Weighted-average common shares outstanding 85.4 85.1 Effect of dilutive securities: RSUs 0.4 0.1 Stock options (1) 0.2 0.1 Weighted-average common shares outstanding - assuming dilution 86.0 85.4 Basic earnings per share $ 0.06 $ 0.15 Diluted earnings per share $ 0.06 $ 0.15 ___________________________________ (1) Options to purchase 0.3 million shares for the three months ended March 31, 2020 were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive. There were no such anti-dilutive options for the three months ended Mar ch 31, 2021.

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details) item in Millions	Mar. 31, 2021stateitem
Number of States in which Entity Operates | state	50
Minimum [Member]
Number of active home service plans | item	2

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Capitalized Contract Cost, Net	$ 20		$ 19
Capitalized Contract Cost, Amortization	4	$ 4
Capitalized Contract Cost, Impairment Loss	0	$ 0
Deferred revenue	$ 227		$ 187
Contracts with customers, period	1 year
Revenue recognized	$ 71
Monthly-Pay-Customer [Member]
Deferred revenue	$ 45

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue from Contracts with Customers) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Reportable segment revenues		$ 329	$ 294
Renewals [Member]
Disaggregation of Revenue [Line Items]
Reportable segment revenues		224	200
Real Estate [Member]
Disaggregation of Revenue [Line Items]
Reportable segment revenues	[1]	57	56
Direct-To-Consumer [Member]
Disaggregation of Revenue [Line Items]
Reportable segment revenues	[1]	41	35
Revenue, Other [Member]
Disaggregation of Revenue [Line Items]
Reportable segment revenues		$ 8	$ 3
[1]	First-year revenue only.

Revenue (Movement in Deferred R

Revenue (Movement in Deferred Revenue) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Revenue [Abstract]
Balance as of December 31, 2020	$ 187
Deferral of revenue	123
Recognition of deferred revenue	(84)
Balance as of March 31, 2021	$ 227

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 512,000,000		$ 512,000,000
Goodwill impairment charges	0	$ 0
Accumulated impairment loss	0		$ 0
Amortization expense	3,000,000	3,000,000
Trade Names [Member]
Indefinite-lived Intangible Assets [Line Items]
Intangible asset impairment charges	$ 0	$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets (Schedule of Other Intangible Asset Balances for Continuing Operations) (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		$ 375	$ 375
Accumulated Amortization		(208)	(205)
Net		167	170
Customer-Relationships [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		173	173
Accumulated Amortization		(171)	(171)
Net		1	2
Developed Technology [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		25	25
Accumulated Amortization		(8)	(6)
Net		18	19
Other [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross		37	37
Accumulated Amortization		(29)	(29)
Net		7	8
Trade Names [Member]
Finite Lived and Indefinite Lived Intangible Assets by Major Class [Line Items]
Gross	[1]	141	141
Accumulated Amortization	[1]
Net	[1]	$ 141	$ 141
[1]	Not subject to amortization.

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets (Schedule of Expected Amortization Expense for Intangible Assets) (Details) $ in Millions	Mar. 31, 2021USD ($)
Goodwill and Intangible Assets [Abstract]
2021 (remainder)	$ 8
2022	8
2023	6
2024	4
2025	0
2026	0
Total	$ 26

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 1	$ 1
Maximum [Member]
Lessee, Lease, Description [Line Items]
Leases, Remaining Lease Term Years	14 years
Leases, Renewal Term	5 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Leases, Remaining Lease Term Years	2 years

Leases (Weighted Average Remain

Leases (Weighted Average Remaining Lease Term and Discount Rate) (Details)	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted-average remaining lease term (years)	9 years	9 years
Weighted-average discount rate	5.50%	6.00%

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Related to Leases) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	[1]	$ 1	$ 3
Leased assets obtained in exchange for new lease liabilities		6
Lease termination cost		$ 2
[1]	For the three months ended March 31, 2020, amounts include $ 2 million of lease termination costs related to the decision to consolidate certain operations of Landmark Home Warranty, LLC (“Landmark”) with those of OneGuard Home Warranties (“OneGuard”). See Note 7 to the accompanying condensed consolidated financial statements for further information.

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information Related to Lease) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease right-of-use assets	$ 26	$ 21
Less lease incentives	(6)	(6)
Operating lease right-of-use assets, net	20	15
Other accrued liabilities	4	3
Operating lease liabilities	23	18
Total operating lease liabilities	$ 26	$ 21

Leases (Maturities of Lease Lia

Leases (Maturities of Lease Liabilities) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2021 (remainder)	$ 4
2022	5
2023	5
2024	3
2025	2
2026	2
Thereafter	12
Total lease payments	34
Less imputed interest	(8)
Total	$ 26	$ 21

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Taxes [Abstract]
Effective tax rate on income from continuing operations (as a percent)	9.80%	25.00%

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1	$ 3
Restructuring charges, net of tax	1
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		3
Restructuring charges, net of tax		$ 2
Restructuring Reserve	$ 1		$ 1

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - Arizona Attorney General [Member] - USD ($)	1 Months Ended	3 Months Ended
	Jan. 31, 2021	Mar. 31, 2021
Loss Contingencies [Line Items]
Amount seeking in damages	$ 14,700,000
Settlement amount		$ 1,800,000
Additional expense		$ 0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Stock-Based Compensation [Abstract]
Stock-based compensation expense	$ 6	$ 3
Stock-based compensation expense, net of tax	4	$ 3
Total unrecognized compensation costs related to non-vested stock options, restricted share units and performance shares	$ 61
Weighted-average period of recognition of stock-based compensation cost	2 years 8 months 4 days

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Awards Granted) (Details)	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Number of Awards Granted
Granted (in shares) | shares	245,599
Weighted Average Exercise Price
Granted (in dollars per share)	$ 54.81
Granted, Weighted Average Grant Date Fair Value (in dollars per share)	$ 28.09
Weighted Average Remaining Contractual Term (in years)
Granted, Weighted Ave Vesting Period	4 years
RSU [Member]
Weighted Average Remaining Contractual Term (in years)
Granted (in shares) | shares	368,202
Granted (in dollars per share)	$ 54.83
Weighted Avg. Vesting Period	3 years
Performance Shares [Member]
Weighted Average Remaining Contractual Term (in years)
Granted (in shares) | shares	98,017	[1]
Granted (in dollars per share)	$ 54.81	[1]
Weighted Avg. Vesting Period	3 years
[1]	The number of performance shares granted during the three months ended March 31, 2021 represents the target value of the awards. The performance shares contain a performance condition that is based on our revenue target, and the ultimate number of performance shares to be earned depends on the achievement of this performance condition.

Long-Term Debt (Narrative) (Det

Long-Term Debt (Narrative) (Details) - USD ($) $ in Millions	Feb. 17, 2021	Mar. 31, 2021	Mar. 31, 2020
Long-Term Debt [Abstract]
Cost of debt purchased	$ 100
Loss on extinguishment of debt	$ 1	$ 1	$ 0

Long-Term Debt (Schedule of Lon

Long-Term Debt (Schedule of Long-Term Debt) (Details) - USD ($) $ in Millions		Mar. 31, 2021	Dec. 31, 2020
Long-term debt [Line Items]
Less current portion		$ (7)	$ (7)
Total long-term debt		868	968
Term Loan Facility Maturing In 2025 [Member] | Secured Debt [Member]
Long-term debt [Line Items]
Long-term debt	[1]	529	629
Unamortized debt issuance costs		4	5
Unamortized original issue discount		1	1
Revolving Credit Facility Maturing In 2023 [Member]
Long-term debt [Line Items]
Long-term debt		0	0
2026 Notes [Member] | Loans Payable [Member]
Long-term debt [Line Items]
Long-term debt	[2]	346	346
Unamortized debt issuance costs		$ 4	$ 4
[1]	As of March 31, 2021 and December 31, 2020, presented net of $ 4 million and $ 5 million, respectively, in unamortized debt issuance costs and $ 1 million in unamortized original issue discount paid.
[2]	As of March 31, 2021 and December 31, 2020, presented net of $ 4 million in unamortized debt issuance costs.

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Schedule of Supplemental Information Relating to the Accompanying Condensed Consolidated Statements of Cash Flows) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash paid for (received from):
Interest expense	$ 18	$ 20
Income tax payments, net of refunds	8	0
Interest income	$ 0	$ (2)

Comprehensive Income (Loss) (Su

Comprehensive Income (Loss) (Summary of the Activity in AOCI, Net of the Related Tax Effects) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		$ (33)	$ (21)
Other comprehensive income (loss) before reclassifications:
Pre-tax amount		7	(21)
Tax provision (benefit)		2	(5)
After-tax amount		5	(16)
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	2	1
Net current period other comprehensive income (loss)		7	(15)
Balance at the end of period		(26)	(36)
Unrealized Losses On Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at the beginning of period		(33)	(21)
Other comprehensive income (loss) before reclassifications:
Pre-tax amount		7	(21)
Tax provision (benefit)		2	(5)
After-tax amount		5	(16)
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	2	1
Net current period other comprehensive income (loss)		7	(15)
Balance at the end of period		$ (26)	$ (36)
[1]	Amounts are net of tax. See reclassifications out of AOCI below for further details.

Comprehensive Income (Loss) (Sc

Comprehensive Income (Loss) (Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (13)	$ (15)
Provision for income taxes	(1)	(4)
Net Income	5	13
Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net Income	(2)	(1)
Unrealized Losses On Derivatives [Member] | Amount Reclassified From Accumulated Other Comprehensive Income (Loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	(3)	(1)
Provision for income taxes	1	0
Net Income	$ (2)	$ (1)

Derivative Financial Instrume_2

Derivative Financial Instruments (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Derivative Financial Instruments [Abstract]
Hedging loss in accumulated other comprehensive income expected to be recognized in earnings, net of tax	$ 8

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value Measurements [Abstract]
Carrying amount of total debt	$ 875		$ 975
Fair value of total debt	902		$ 1,004
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount	0	$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0	0
Fair Value, Liabilities, Level 1 to Level 2 Transfers, Amount	0	0
Fair Value, Liabilities, Level 2 to Level 1 Transfers, Amount	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net	$ 0	$ 0

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, 2021	Dec. 31, 2020
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financial liabilities	$ 34	$ 43
Carrying Value [Member] | Other Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	10	10
Carrying Value [Member] | Other Long-Term Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	24	33
Estimated Fair Value [Member] | Quoted Price In Active Markets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financial liabilities	0	0
Estimated Fair Value [Member] | Quoted Price In Active Markets (Level 1) [Member] | Other Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	0	0
Estimated Fair Value [Member] | Quoted Price In Active Markets (Level 1) [Member] | Other Long-Term Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	0	0
Estimated Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financial liabilities	34	43
Estimated Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	10	10
Estimated Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member] | Other Long-Term Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	24	33
Estimated Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total financial liabilities	0	0
Estimated Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	0	0
Estimated Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member] | Other Long-Term Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap contracts	$ 0	$ 0

Earnings Per Share (Schedule of

Earnings Per Share (Schedule of Basic and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income		$ 5	$ 13
Weighted-average common shares outstanding		85,400,000	85,100,000
Weighted-average common shares outstanding - assuming dilution		86,000,000	85,400,000
Basic earnings per share (in dollars per share)		$ 0.06	$ 0.15
Diluted earnings per share (in dollars per share)		$ 0.06	$ 0.15
Antidilutive securities excluded from computation of diluted earnings per share (in shares)		0	300,000
RSU [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities		400,000	100,000
Stock Options [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Effect of dilutive securities	[1]	200,000	100,000
[1]	Options to purchase 0.3 million shares for the three months ended March 31, 2020 were not included in the diluted earnings per share calculation because their effect would have been anti-dilutive. There were no such anti-dilutive options for the three months ended Mar ch 31, 2021.