APi (APG) 10-Q 4 May 23 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2023	Apr. 27, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Registrant Name	APi Group Corporation
Entity Central Index Key	0001796209
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Address, Address Line One	1100 Old Highway 8 NW
Entity Address, City or Town	New Brighton
Entity Address, State or Province	MN
Entity Incorporation, State or Country Code	DE
Entity File Number	001-39275
Entity Tax Identification Number	98-1510303
Entity Address, Postal Zip Code	55112
City Area Code	651
Local Phone Number	636-4320
Entity Small Business	false
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	APG
Security Exchange Name	NYSE
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		235,212,900
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 363	$ 605
Accounts receivable, net of allowances of $3 and $3 at March 31, 2023 and December 31, 2022, respectively	1,221	1,313
Inventories	163	163
Contract assets	490	459
Prepaid expenses and other current assets	127	112
Total current assets	2,364	2,652
Property and equipment, net	412	407
Operating lease right of use assets	209	222
Goodwill	2,405	2,382
Intangible assets, net	1,734	1,784
Deferred tax assets	111	108
Pension and post-retirement assets	404	392
Other assets	127	144
Total assets	7,766	8,091
Current liabilities:
Short-term and current portion of long-term debt	6	206
Accounts payable	442	490
Contingent consideration and compensation liabilities	32	27
Accrued salaries and wages	244	337
Contract liabilities	469	463
Operating and finance leases	72	73
Other accrued liabilities	284	325
Total current liabilities	1,549	1,921
Long-term debt, less current portion	2,588	2,583
Pension and post-retirement obligations	38	40
Contingent consideration and compensation liabilities	4	6
Operating and finance leases	155	166
Deferred tax liabilities	344	340
Other noncurrent liabilities	126	111
Total liabilities	4,804	5,167
Commitments and contingencies (Note 14)
Mezzanine equity:
5.5% Series B Redeemable Convertible Preferred Stock, $0.0001 par value, 800,000 authorized shares, 800,000 shares issued and outstanding at March 31, 2023 and December 31, 2022; aggregate liquidation preference of $840	797	797
Shareholders’ equity:
Series A Preferred Stock, $0.0001 par value; 7,000,000 authorized shares; 4,000,000 shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock; $0.0001 par value, 500,000,000 authorized shares, 235,212,900 shares and 233,403,912 shares issued at March 31, 2023 and December 31, 2022, respectively (excluding 584,584 shares declared for stock dividend at December 31, 2022)	0	0
Additional paid-in capital	2,569	2,558
Accumulated deficit	(138)	(164)
Accumulated other comprehensive loss	(266)	(267)
Total shareholders’ equity	2,165	2,127
Total liabilities, redeemable convertible preferred stock, and shareholders' equity	$ 7,766	$ 8,091

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Accounts receivable net of allowances	$ 3	$ 3
Common stock no par value	$ 0.0001	$ 0.0001
Common shares authorized	500,000,000	500,000,000
Common shares issued	235,212,900	233,403,912
Dividends declared in common shares		584,584
Series A Preferred Stock [Member]
Preferred stock no par value	$ 0.0001	$ 0.0001
Preferred Shares authorized	7,000,000	7,000,000
Preferred stock issued	4,000,000	4,000,000
Preferred stock outstanding	4,000,000	4,000,000
Series B Preferred Stock [Member]
Preferred stock, dividend percentage	5.50%	5.50%
Preferred stock no par value	$ 0.0001	$ 0.0001
Preferred Shares authorized	800,000	800,000
Preferred stock issued	800,000	800,000
Preferred stock outstanding	800,000	800,000
Aggregate liquidation preference	$ 840

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net revenues	$ 1,614	$ 1,471
Cost of revenues	1,189	1,095
Gross profit	425	376
Selling, general, and administrative expenses	352	383
Operating income (loss)	73	(7)
Interest expense, net	37	27
Loss on extinguishment of debt, net	3
Non-service pension benefit	(3)	(11)
Investment income and other, net	(2)
Other expense, net	35	16
Income (loss) before income taxes	38	(23)
Income tax provision (benefit)	12	(16)
Net income (loss)	26	(7)
Net income (loss) attributable to common shareholders:
Stock dividend on Series B Preferred Stock	(11)	(11)
Net income (loss) attributable to common shareholders	$ 15	$ (18)
Net income (loss) per common share:
Basic	$ 0.05	$ (0.08)
Diluted	$ 0.05	$ (0.08)
Weighted average shares outstanding:
Basic	234,386,758	232,237,099
Diluted	267,172,273	232,237,099

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 26	$ (7)
Other comprehensive (loss) income:
Fair value change - derivatives, net of tax benefit (expense) of $3, and ($3), respectively	(13)	9
Foreign currency translation adjustment	14	(59)
Comprehensive income (loss)	$ 27	$ (57)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Tax benefit (expense)	$ 3	$ (3)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Series B Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member] Series A Preferred Stock [Member]	Common Stock [Member] Series B Preferred Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2021	$ 2,323						$ 2,560	$ (237)
Beginning balance (shares) at Dec. 31, 2021			4,000,000	224,625,193
Net income (loss)	(7)							(7)
Fair value change - derivatives	9								$ 9
Foreign currency translation adjustment	(59)								(59)
Preferred Share dividend		519,469			7,539,697	519,469
Share repurchases	(11)						(11)
Share repurchases (shares)				(531,431)
Profit sharing plan contributions	15						15
Profit sharing plan contributions (shares)				622,655
Share-based compensation and other, net	8						8
Share-based compensation and other, net (shares)				413,029
Ending balance at Mar. 31, 2022	2,278						2,572	(244)	(50)
Ending balance (shares) at Mar. 31, 2022			4,000,000	233,188,612
Beginning balance at Dec. 31, 2022	2,127						2,558	(164)	(267)
Beginning balance (shares) at Dec. 31, 2022			4,000,000	233,403,912
Net income (loss)	26							26
Fair value change - derivatives	(13)								(13)
Foreign currency translation adjustment	14								14
Preferred Share dividend		498,293				1,082,877
Share repurchases	(12)						(12)
Share repurchases (shares)				(541,316)
Profit sharing plan contributions	14						14
Profit sharing plan contributions (shares)				631,194
Share-based compensation and other, net	9						9
Share-based compensation and other, net (shares)				636,233
Ending balance at Mar. 31, 2023	$ 2,165						$ 2,569	$ (138)	$ (266)
Ending balance (shares) at Mar. 31, 2023			4,000,000	235,212,900

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 26	$ (7)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	19	19
Amortization	55	57
Deferred taxes		(10)
Share-based compensation expense	5	3
Profit-sharing expense	5	3
Non-cash lease expense	18	16
Net periodic pension benefit	(3)	(11)
Loss on extinguishment of debt, net	3
Other, net	(4)	5
Pension contributions	(1)	(27)
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	96	60
Contract assets	(30)	(55)
Inventories		(9)
Prepaid expenses and other current assets	(15)	(31)
Accounts payable	(47)	(32)
Accrued liabilities and income taxes payable	(112)	(96)
Contract liabilities	5	20
Other assets and liabilities	(21)	(23)
Net cash used in operating activities	(1)	(118)
Cash flows from investing activities:
Acquisitions, net of cash acquired	(10)	(2,875)
Purchases of property and equipment	(21)	(12)
Proceeds from sales of property, equipment, and businesses	4	3
Net cash used in investing activities	(27)	(2,884)
Cash flows from financing activities:
Proceeds from long-term borrowings		1,101
Payments on long-term borrowings	(202)	(30)
Payments of debt issuance costs		(25)
Repurchases of common stock	(12)	(11)
Proceeds from equity issuances		797
Restricted shares tendered for taxes	(2)	(1)
Net cash (used in) provided by financing activities	(216)	1,831
Effect of foreign currency exchange rate change on cash, cash equivalents, and restricted cash	2	(2)
Net decrease in cash, cash equivalents, and restricted cash	(242)	(1,173)
Cash, cash equivalents, and restricted cash, beginning of period	607	1,491
Cash, cash equivalents, and restricted cash, end of period	365	318
Supplemental cash flow disclosures:
Cash paid for interest	27	24
Cash paid for income taxes, net of refunds	19	8
Accrued consideration issued in business combinations	1
Share of common stock issued to profit sharing plan	$ 14	$ 15

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	NOTE 1 . BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES Nature of business APi Group Corporation (the “Company” or “APG”) is a global, market-leading business services provider of safety and specialty services in over 500 locations worldwide. Principles of consolidation The accompanying interim unaudited condensed consolidated financial statements (the “Interim Statements”) include the accounts of the Company and of its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. These Interim Statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and do not include all of the information and footnotes required by generally accepted accounting principles in the United States of America (“U.S. GAAP”) for complete financial statements. The condensed consolidated balance sheets as of December 31, 2022 were derived from audited financial statements for the year then ended but do not include all of the information and footnotes required by U.S. GAAP with respect to annual financial statements. In the opinion of management, the Interim Statements include all adjustments (including normal recurring accruals) necessary for a fair presentation of the Company’s consolidated financial position, results of operations and cash flows for the dates and periods presented. It is recommended that these Interim Statements be read in conjunction with the Company’s audited annual consolidated financial statements and accompanying footnotes thereto for the year ended December 31, 2022 . Results for interim periods are not necessarily indicative of the results to be expected for a full fiscal year or for any future period. Cash, cash equivalents, and restricted cash The Company considers all highly liquid investments purchased with an original maturity date of three months or less to be cash equivalents. Restricted cash is reported as other current assets in the condensed consolidated balance sheets. Restricted cash reflects collateral against certain bank guarantees. Investments The Company holds investments in joint ventures which are accounted for under the equity method of accounting as the Company does not exercise control over the joint ventures. The Company’s share of earnings from the joint ventu res was $ 2 an d less than $ 1 during the three months ended March 31, 2023 and 2022, respectively. The earnings are recorded within investment income and other, net in the condensed consolidated statements of operations. The investment balance s were $ 6 and $ 4 as of March 31, 2023 and December 31, 2022 , respectively, and are recorded within other assets in the condensed consolidated balance sheets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	NOTE 2. RECENT ACCOUNTING PRONOUNCEMENTS The Company has not adopted any additional accounting pronouncements since the 2022 audited annual consolidated financial statements. See the Company's Form 10-K filed on March 1, 2023 for information pertaining to the effects of recently adopted and other recent accounting pronouncements.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Business Combinations	NOTE 3. BUSINESS COMBINATIONS The Company regularly evaluates potential acquisitions that strategically fit with the Company’s existing portfolio or expand the Company’s portfolio into a new and attractive business area. Acquisitions are accounted for as business combinations using the acquisition method of accounting. As such, the Company makes a preliminary allocation of the purchase price to the tangible assets and identifiable intangible assets acquired and liabilities assumed. In the months after closing, as the Company obtains additional information about the acquired assets and liabilities and learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Purchase price is allocated to acquired assets and liabilities assumed based upon their estimated fair values, with limited exceptions as permitted pursuant to U.S. GAAP, as determined based on estimates and assumptions deemed reasonable by the Company. The Company engages third-party valuation specialists to assist with preparation of critical assumptions and calculations of the fair value of acquired tangible and intangible assets in connection with significant acquisitions. The excess of the purchase price over the tangible and intangible assets acquired and liabilities assumed is recorded as goodwill. Goodwill is attributable to the workforce of the acquired businesses, the complementary strategic fit and resulting synergies these businesses bring to existing operations, and the opportunities in new markets expected to be achieved from the expanded platform. 2022 Chubb Acquisition During 2022, the Company completed its acquisition of the Chubb fire and security business (the "Chubb Acquisition"). The Chubb fire and security business (the "Chubb business" or "Chubb") is a globally recognized fire safety and security services provider, offering customers complete and reliable services from design and installation to monitoring and on-going maintenance and recurring services. The Chubb business is headquartered in the United Kingdom, and has operations in 17 countries, expanding the Company's geographic footprint to a total of over 20 countries. The results of the Chubb business are reported within the Company's Safety Services segment. Based on U.S. income tax principles related to acquisitions of non-U.S. entities, the Company does not expect any of the amount of goodwill to be deductible for U.S. income tax purposes. See Note 6 - "Goodwill and Intangibles" for the goodwill assigned to the Safety Services segment. The following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of the Chubb Acquisition: Cash paid at closing $ 2,935 Working capital and net indebtedness adjustment ( 42 ) Total net consideration $ 2,893 Cash $ 60 Accounts receivable 426 Inventories 68 Contract assets 183 Other current assets 25 Property and equipment 73 Operating lease right of use assets 146 Pension and post-retirement assets 626 Other noncurrent assets 8 Intangible assets 1,200 Goodwill 1,367 Accounts payable ( 192 ) Contract liabilities ( 162 ) Accrued expenses ( 255 ) Finance and operating lease liabilities ( 148 ) Pension and post-retirement obligations ( 56 ) Deferred tax liabilities ( 383 ) Other noncurrent liabilities ( 93 ) Net assets acquired $ 2,893 Accrued consideration The Company’s acquisition purchase agreements typically include deferred payment provisions, often to sellers who become employees of the Company or its subsidiaries. The provisions are made up of three general types of arrangements, contingent compensation and contingent consideration (both of which are contingent on the future performance of the acquired entity) and deferred payments related to indemnities. Contingent compensation arrangements are typically contingent on the former owner’s future employment with the Company, and the related amounts are recognized over the required employment period, which is typically three to five years . Contingent consideration arrangements are not contingent on employment and are included as part of purchase consideration at the time of the initial acquisition and are paid over a three to five year period. The liability for deferred payments is recognized at the date of acquisition based on the Company’s best estimate and is typically payable over a one to two year period. Deferred payments are not contingent on any future performance or employment obligations and can be offset for working capital true-ups, and representations and warranty items. The total contingent compensation arrangement lia bility was $ 21 and $ 19 at March 31, 2023 and December 31, 2022 , respectively. The maximum payout of these arrangements upon completion of the future performance periods was $ 31 and $ 25 , inclusive of the $ 21 and $ 19 , accrue d as of March 31, 2023 and December 31, 2022, respectively. The contingent compensation liability is included in contingent consideration and compensation liabilities in the condensed consolidated balance sheets for all periods presented. The Company primarily determines the contingent compensation liability based on forecasted cumulative earnings compared to the cumulative earnings target set forth in the arrangement. Compensation expense associated with these arrangements is recognized ratably over the required employment period. The contingent consideration obligations are measured at fair value each reporting period and changes in estimates of fair value are recognized in earnings. For additional considerations regarding the fair value of the Company's contingent consideration liabilities, see Note 7 - "Fair Value of Financial Instruments." The total liability for deferred paym ents was $ 11 and $ 9 at March 31, 2023 and December 31, 2022 , respectively, and is included in contingent consideration and compensation liabilities in the condensed consolidated balance sheets for all periods presented.

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	NOTE 4. Restructuring During 2022, the Company announced its multi-year Chubb restructuring program designed to drive efficiencies and synergies and optimize operating margin. The Chubb restructuring program includes expenses related to workforce reductions, lease termination costs, and other facility rationalization costs through fiscal year 2024. Since the Chubb Acquisition, the Company has incurred pre-tax restructuring costs within the Safety Services se gment of $ 30 in connection with the Chubb restructuring program. In total, the Company estimates that it will recognize approximately $ 105 o f restructuring costs related to the Chubb restructuring program by the end of fiscal year 2024. As of March 31, 2023, the Company ha d $ 17 in restructuring liabilities recorded in other accrued liabilities on the condensed consolidated balance sheets for this plan. The following table summarizes the Company's restructuring program for the three months ended March 31, 2023: Three Months Ended Balance as of December 31, 2022 $ 22 Charged to cost of revenues - employee related — Charged to selling, general, and administrative expenses - employee related — Payments ( 5 ) Currency translation adjustment — Balance as of March 31, 2023 $ 17

Net Revenues

Net Revenues	3 Months Ended
	Mar. 31, 2023
Revenues [Abstract]
Net Revenues	NOTE 5. NET REVENUES Contracts with customers The Company derives net revenues primarily from contracts with a duration of less than one week to three years (with the majority of contracts with durations of less than six months) which are subject to multiple pricing options, including fixed price, unit price, time and material, or cost plus a markup. Net revenues are primarily recognized by the Company over time utilizing the cost-to-cost measure of progress. Net revenues recognized at a point in time primarily relate to distribution contracts and short-term time and materials contracts. The Company also enters into fixed price service contracts related to monitoring, maintenance, and inspection of safety systems. The Company disaggregates its net revenues primarily by segment, service type, and country from which revenues are invoiced, as th e nature, timing and uncertainty of cash flows are relatively consistent within each of these categories. The following tables provide disclosure of disaggregated net revenues by segment for the three months ended March 31, 2023 and 2022. During 2023, the Company moved an immaterial business component within the Safety Services segment from the HVAC to Life Safety reporting unit and prior period amounts in this table have been recast to reflect current period presentation. Disaggregated net revenues information is as follows: Three Months Ended March 31, 2023 Safety Specialty Corporate and Consolidated Life Safety $ 1,068 $ — $ — $ 1,068 Heating, Ventilation, and Air Conditioning ("HVAC") 123 — — 123 Infrastructure/Utility — 240 — 240 Fabrication — 55 — 55 Specialty Contracting — 135 — 135 Corporate and Eliminations — — ( 7 ) ( 7 ) Net revenues $ 1,191 $ 430 $ ( 7 ) $ 1,614 Three Months Ended March 31, 2022 Safety Specialty Corporate and Consolidated Life Safety $ 963 $ — $ — $ 963 HVAC 111 — — 111 Infrastructure/Utility — 142 — 142 Fabrication — 54 — 54 Specialty Contracting — 216 — 216 Corporate and Eliminations — — ( 15 ) ( 15 ) Net revenues $ 1,074 $ 412 $ ( 15 ) $ 1,471 Three Months Ended March 31, 2023 Safety Specialty Corporate and Consolidated United States $ 560 $ 417 $ ( 7 ) $ 970 France 156 — — 156 Other 475 13 — 488 Net revenues $ 1,191 $ 430 $ ( 7 ) $ 1,614 Three Months Ended March 31, 2022 Safety Specialty Corporate and Consolidated United States $ 474 $ 409 $ ( 15 ) $ 868 France 148 — — 148 Other 452 3 — 455 Net revenues $ 1,074 $ 412 $ ( 15 ) $ 1,471 For in-process contracts, the aggregate amount of transaction price allocated to the unsatisfied performance obligations at March 31, 2023 was $ 2,606 . The Company expects to recognize revenue on approximately 89 % of the re maining performance obligations over the next twelve m onths . Contract assets and liabilities Contract assets and contract liabilities are classified as current in the condensed consolidated balance sheets as all amounts are expected to be relieved within one year. The balances of accounts receivable, net of allowances, contract assets, and contract liabilities from contracts with customers as of March 31, 2023 and December 31, 2022 are as follows: Accounts Contract Contract Balance at March 31, 2023 $ 1,221 $ 490 $ 469 Balance at December 31, 2022 1,313 459 463 The Company did not recognize significant revenues associated with the final settlement of contract value for any projects completed in prior periods. In accordance with industry practice, accounts receivable includes retentions receivable, a portion of which may not be received within one year. At March 31, 2023 and December 31, 2022, retentions receiv able were $ 142 and $ 150 , respectively, while the portions that may not be received within one year were $ 31 and $ 35 , respectively.

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	NOTE 6. GOODWILL AND INTANGIBLES Goodwill The following table provides disclosure of goodwill by segment as of March 31, 2023 and December 31, 2022. The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2023 are as follows: Safety Specialty Total Goodwill as of December 31, 2022 2,201 181 2,382 Acquisitions 11 — 11 Foreign currency translation 12 — 12 Goodwill as of March 31, 2023 $ 2,224 $ 181 $ 2,405 Intangibles The Company’s identifiable intangible assets are comprised of the following as of March 31, 2023 and December 31, 2022: March 31, 2023 Weighted Average Remaining Useful Lives Gross Accumulated Net Carrying Amortized intangibles: Contractual backlog 0.7 $ 153 $ ( 133 ) $ 20 Customer relationships 9.9 1,512 ( 404 ) 1,108 Trade names and trademarks 12.9 706 ( 100 ) 606 Total $ 2,371 $ ( 637 ) $ 1,734 December 31, 2022 Weighted Average Remaining Useful Lives Gross Accumulated Net Carrying Amortized intangibles: Contractual backlog 0.9 $ 153 $ ( 126 ) $ 27 Customer relationships 10.0 1,508 ( 367 ) 1,141 Trade names and trademarks 13.2 704 ( 88 ) 616 Total $ 2,365 $ ( 581 ) $ 1,784 Amortization expense recognized on identifiable intangible assets is as follows: Three Months Ended March 31, 2023 2022 Cost of revenues $ 7 $ 3 Selling, general, and administrative expenses 48 54 Total intangible asset amortization expense $ 55 $ 57

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 7. FAIR VALUE OF FINANCIAL INSTRUMENTS U.S. GAAP defines fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs that reflect the Company's own assumptions. Recurring fair value measurements The Company’s financial assets and liabilities (adjusted to fair value at least quarterly) are derivative instruments and contingent consideration obligations. In the condensed consolidated balance sheets, derivative instruments are primarily included in other noncurrent assets and other noncurrent liabilities and contingent consideration obligations are primarily included in contingent consideration and compensation liabilities. The following tables summarize the fair values and levels within the fair value hierarchy in which the measurements fall for assets and liabilities measured on a recurring basis as of March 31, 2023 and December 31, 2022: Fair Value Measurements at March 31, 2023 Financial assets: Level 1 Level 2 Level 3 Total Derivatives designated as hedge instruments Cash flow hedges - interest rate swaps $ — $ 2 $ — $ 2 Cash flow hedges - cross currency contracts — 17 — 17 Cash flow hedges - foreign currency forward contracts — — — — Net investment hedges - cross currency contracts — 30 — 30 Fair value hedges - cross currency contracts — 42 — 42 Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Total $ — $ 91 $ — $ 91 Financial liabilities: Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Contingent consideration obligations — — ( 4 ) ( 4 ) Total $ — $ — $ ( 4 ) $ ( 4 ) Fair Value Measurements at December 31, 2022 Financial assets: Level 1 Level 2 Level 3 Total Derivatives designated as hedge instruments Cash flow hedges - interest rate swaps $ — $ 14 $ — $ 14 Cash flow hedges - cross currency contracts — 17 — 17 Cash flow hedges - foreign currency forward contracts — — — — Net investment hedges - cross currency contracts — 32 — 32 Fair value hedges - cross currency contracts — 50 — 50 Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Total $ — $ 113 $ — $ 113 Financial liabilities: Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Contingent consideration obligations — — ( 4 ) ( 4 ) Total $ — $ — $ ( 4 ) $ ( 4 ) The Company determines the fair value of its derivative instruments designated as hedge instruments using standard pricing models and market-based assumptions for all inputs such as yield curves and quoted spot and forward exchange rates. Accordingly, the Company’s derivative instruments are classified as Level 2. Contingent consideration obligations The value of the contingent consideration obligations is determined using a probability-weighted discounted cash flow method. This fair value measurement is based on unobservable inputs in the market and thus represents a Level 3 measurement within the fair value hierarchy. This analysis reflects the contractual terms of the purchase agreements (e.g., potential payment amounts, length of measurement periods, manner of calculating any amounts due) and utilizes assumptions with regard to future cash flows, probabilities of achieving such future cash flows, and a discount rate. Depending on the contractual terms of the purchase agreement, the probabilities of achieving future cash flows or earnings generally represent the only significant unobservable inputs. The contingent consideration obligations are measured at fair value each reporting period and changes in estimates of fair value are recognized in earnings. The table below presents a reconciliation of the fair value of the Company’s contingent consideration obligations that use unobservable inputs (Level 3), as well as other information about the contingent consideration obligations: Three Months Ended Balance as of December 31, 2022 $ 4 Issuances — Settlements — Adjustments to fair value — Balance as of March 31, 2023 $ 4 Number of open contingent consideration arrangements at the end of the period 3 Maximum potential payout at the end of the period $ 4 At March 31, 2023, the remaining open contingent consideration arrangements are set to expire at various dates through 2024. Level 3 unobservable inputs were used to calculate the fair value adjustments shown in the table above. The fair value adjustments and the related unobservable inputs were not considered significant for the three months ended March 31, 2023. Fair value estimates The following table presents the carrying amount and fair value of the Company’s term loans and senior notes (instruments defined in Note 10 – “Debt”), including current portions and excluding unamortized debt issuance costs. The fair values are estimated by discounting future cash flows at current interest rates for borrowing arrangements with similar terms and conditions. The inputs used to calculated fair value are considered to be Level 2 inputs under the fair value hierarchy. During the three months ended March 31, 2023, the Company repaid an aggregate amount of $ 200 , $ 100 to each of the 2019 Term Loan and 2021 Term Loan. March 31, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value 2019 Term Loan $ 1,027 $ 1,025 $ 1,127 $ 1,120 2021 Term Loan 985 983 1,085 1,075 4.125 % Senior Notes 337 289 337 284 4.750 % Senior Notes 277 245 277 243

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	NOTE 8. DERIVATIVES The Company uses foreign currency forward contracts, cross-currency swaps, and interest rate swap agreements to manage risks associated with foreign currency exchange rates, net investments in foreign operations, and interest rates. The Company does not hold derivative financial instruments of a speculative nature or for trading purposes. The Company records derivatives as assets and liabilities on the condensed consolidated balance sheets at fair value. Changes in fair value are recognized immediately in earnings unless the derivative qualifies and is designated as a hedge under ASC 815, Derivatives and Hedging . Cash flows from derivatives are classified in the condensed consolidated statements of cash flows in the same category as the cash flows from the items subject to designated hedge or undesignated (economic) hedge relationships. The Company evaluates hedge effectiveness at inception and on an ongoing basis. If a derivative is no longer expected to be effective, hedge accounting is discontinued. The Company is exposed to credit risk in the event of nonperformance of counterparties for foreign currency forward exchange contracts and interest rate swap agreements. The Company monitors its exposure to credit risk by using credit approvals and credit limits and by selecting major global banks and financial institutions as counterparties. The Company does not enter into derivative transactions for trading purposes, and is not party to any derivatives that require collateral to be posted prior to settlement. Certain of the Company’s derivative transactions are subject to master netting arrangements that allow the Company to net settle contracts with the same counterparties. These arrangements generally do not call for collateral and no cash collateral had been received or pledged related to the underlying derivatives as of March 31, 2023. The following table presents the fair value of derivative instruments: March 31, 2023 December 31, 2022 Outstanding Gross Other Outstanding Gross Other Notional Amount Other Assets Noncurrent liabilities Notional Amount Other Assets Noncurrent liabilities Derivatives designated as hedging instruments: Cash flow hedges: Interest rate swaps $ 1,120 $ 2 $ — $ 1,120 $ 14 $ — Cross currency contracts 120 17 — 120 17 — Foreign currency forward contracts 12 — — — — — Fair value hedges: Cross currency contracts 721 42 — 721 50 — Net investment hedges: Cross currency contracts 230 30 — 230 32 — Total derivatives designated as hedging instruments $ 2,203 $ 91 $ — $ 2,191 $ 113 $ — Derivatives not designated as hedging instruments: Foreign currency forward contracts 104 — — 118 — — Total derivatives not designated as hedging instruments $ 104 $ — $ — $ 118 $ — $ — Total derivatives $ 2,307 $ 91 $ — $ 2,309 $ 113 $ — The following table presents the effect of derivatives on the condensed consolidated statements of operations: Amount of income (expense) recognized in income Location of income (expense) Three Months Ended March 31, Derivatives recognized in income 2023 2022 Cash flow hedging relationships: Interest rate swaps Interest expense, net $ 2 $ ( 3 ) Cross currency contracts Investment income and other, net ( 1 ) 3 Cross currency contracts Interest expense, net 1 — Foreign currency forward contracts Investment income and other, net — — Fair value hedging relationships: Cross currency contracts Investment income and other, net ( 8 ) 6 Cross currency contracts Interest expense, net 1 — Net investment hedging relationships: Cross currency contracts Interest expense, net 1 1 Not designated as hedging instruments: Foreign currency forward contracts Investment income and other, net — 1 Currency Effects The income (expense) from derivatives designed to offset foreign currency exposure and recorded in investment income and other, net were offset by foreign currency transaction gains and losses resulting in a net gain (loss) of $ 0 million and ($ 1 ) mill ion for the three months ended March 31, 2023 and 2022, respectively. The following table presents the effect of cash flow and fair value hedge accounting on accumulated other comprehensive income (loss) ("AOCI"): Amount of gain (loss) Amount of gain (loss) recognized in other reclassified from comprehensive income AOCI into income Three Months Ended March 31, Location of gain (loss) reclassified from Three Months Ended March 31, Derivatives 2023 2022 AOCI into income 2023 2022 Cash flow hedging relationships: Interest rate swaps $ ( 13 ) $ 20 Interest expense, net $ ( 4 ) $ — Cross currency contracts 1 ( 1 ) Investment income and other, net 1 ( 3 ) Forward currency forward contracts — — Investment income and other, net — — Fair value hedging relationships: Cross currency contracts $ — $ ( 12 ) Investment income and other, net $ 7 $ ( 6 ) Net investment hedging relationships: Cross currency contracts $ ( 1 ) $ 3 Investment income and other, net $ ( 3 ) $ 1 Cash flow hedges For derivative instruments that are designated and qualify as cash flow hedges, the gain or loss on the derivative is reported as a component of other comprehensive income and reclassified into earnings in the same period during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized in current earnings. Interest rate swaps The Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses interest rate swap contracts to separate interest rate risk management from the debt funding decision. The Company elected a method that does not require continuous evaluation of hedge effectiveness. During 2022, the Company terminated the previously outstanding $ 720 notional amount interest rate swap with a maturity date in October 2024 ("2024 Interest Rate Swap"). The present value as of the date of termination of the 2024 Interest Rate Swap is recorded in AOCI on the condensed consolidated balance sheets. The fair value previously recognized in AOCI related to interest rate movements of the 2024 Interest Rate Swap is being amortized to interest expense on a straight-line basis through October 2024. As of March 31, 2023, approximately $ 26 of unrealized pre-tax gains remained in AOCI. During 2022, the Company entered into an aggregate $ 720 notional amount interest rate swap ("2026 Interest Rate Swap") that exchanges a variable rate of interest (LIBOR) for an average fixed rate of interest of approximately 3.64 % over the term of the agreement, which matures in October 2026 . During the three months ended March 31, 2023, the aggregate $ 400 notional forward-starting swaps ("2028 Interest Rate Swap") the Company entered into during 2022 became effective. These interest rate swaps exchange a variable rate of interest (LIBOR) for an average fixed rate of interest of approximately 3.46 % over the term of the agreements, which mature in January 2028 . As of March 31, 2023, the Company had $ 1,120 notional amount outstanding in swap agreements, which includes the aggregate $ 400 notional 2028 Interest Rate Swap, and the $ 720 notional 2026 Interest Rate Swap. The Company has designated these swaps as cash flow hedges of the interest rate risk attributable to forecasted variable interest (LIBOR) payments. As of March 31, 2023, the weighted average fixed rate of interest on these swaps was approximately 3.58 %. Var iations in the assets and liability balances are primarily driven by changes in the applicable forward yield curves related to LIBOR. Cross-currency swaps The Company enters into cross currency exchange contracts utilized to hedge against the effect of exchange rate fluctuations on cash flows denominated in foreign currencies and to hedge exposures of certain intercompany loans subject to changes in foreign currency exchange rates. The Company periodically assesses whether its currency exchange contracts are effective, and when a contract is determined to be no longer effective as a hedge, the Company discontinues hedge accounting prospectively. During 2021, the Company entered into two cross-currency swaps designated as cash flow hedges with gross notional U.S. dollar equivalent amounts of $ 26 and $ 94 with maturity dates of September 2027 and 2030, respectively. Foreign currency forward contracts The Company utilizes foreign currency forward contracts to hedge the effect of foreign currency exchange rate fluctuations on forecasted foreign currency transactions, including inventory purchases and intercompany charges and other payments. These forward contracts are designated as cash flow hedges. The changes in fair value of these contracts are recorded in other comprehensive income until the hedged items affect earnings, at which time the hedge gain or loss is reclassified into current earnings. The Company periodically assesses whether its currency exchange contracts are effective, and when a contract is determined to be no longer effective as a hedge, the Company discontinues hedge accounting prospectively. Fair value hedges The Company has certain intercompany loans subject to changes in foreign currency exchange rates. To hedge these exposures, during 2022, the Company entered into three cross currency swaps each with maturity dates of January 2027. These contracts are designated as fair value hedges with gross notional U.S. doll ar equivalents of $ 271 , $ 241 , and $ 209 in GBP, CAD, and EUR, respectively. The Company measures the effectiveness of fair value hedges of anticipated transactions on a spot-to-spot basis. Accordingly, the spot-to-spot change in the derivative fair values are recorded in the condensed consolidated statements of operations and perfectly offset the spot-to-spot change in the underlying intercompany loans, and as such, these hedges are deemed highly effective. The excluded component of the fair values of these derivatives is reported in AOCI within shareholders’ equity in the condensed consolidated balance sheets. Any cash flows associated with these instruments are included in operating activities in the condensed consolidated statements of cash flows. Net investment hedges The Company has net investments in foreign subsidiaries subject to changes in foreign currency exchange rates. During 2021, the Company entered into a $ 230 notional foreign currency swap designated as a net investment hedge for a portion of the Company’s net investments in Euro-denominated subsidiaries. Gains and losses resulting from a change in fair value of the net investment hedge are offset by gains and losses on the underlying foreign currency exposure and are included in AOCI in the condensed consolidated balance sheets. During 2021, the Company amended the critical terms of the foreign currency swap by extending the maturity date and modifying the U.S. dollar and Euro coupons. The amended swap was redesignated as a net investment hedge as a result of the amendment, recorded at fair value with changes recorded in AOCI, and the initial net investment hedge was dedesignated. The amended net investment hedge reduces the Company’s interest expense by approximately $ 3 annually and reduces its overall effective interest rate by approximately 24 basis points and will mature in July 2029. The fair value previously recognized in AOCI related to interest rate movements of the dedesignated swap is being amortized to interest expense on a straight-line basis through the third quarter 2029. Foreign currency contracts The Company uses foreign currency forward contracts to mitigate the foreign currency exposure of certain foreign currency transactions. Fair market value gains or losses on foreign currency forward contracts not designated as hedging instruments were included in the results of operations and are classified in investment income and other, net in the condensed consolidated statements of operations.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	NOTE 9. PROPERTY AND EQUIPMENT, NET The components of property and equipment as of March 31, 2023 and December 31, 2022 are as follows: Estimated March 31, December 31, Land N/A $ 31 $ 30 Building 39 98 98 Machinery and equipment 1 - 20 325 313 Autos and trucks 4 - 10 118 116 Office equipment 3 - 7 52 35 Leasehold improvements 1 - 15 33 33 Total cost 657 625 Accumulated depreciation ( 245 ) ( 218 ) Property and equipment, net $ 412 $ 407 Depreciation expense related to property and equipment, including finance lea ses, was $ 19 an d $ 19 during the three months ended March 31, 2023 and 2022 , respectively. Depreciation expense is included within cost of revenues and selling, general, and administrative expenses in the condensed consolidated statements of operations.

Debt

Debt	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	NOTE 10. DEBT Debt obligations consist of the following: Maturity Date March 31, December 31, Term loan facility 2019 Term Loan October 1, 2026 $ 1,027 $ 1,127 2021 Term Loan January 3, 2029 985 1,085 Revolving Credit Facility October 1, 2026 — — Senior notes 4.125 % Senior Notes July 15, 2029 337 337 4.750 % Senior Notes October 15, 2029 277 277 Other obligations 6 6 Total debt obligations 2,632 2,832 Less: unamortized deferred financing costs ( 38 ) ( 43 ) Total debt, net of deferred financing costs 2,594 2,789 Less: short-term and current portion of long-term debt ( 6 ) ( 206 ) Long-term debt, less current portion $ 2,588 $ 2,583 Term loan facility As of March 31, 2023, the Comp any had $ 1,027 of p rincipal outstanding under the $ 1,200 term loan (the "2019 Term Loan") with a maturity date of October 1, 2026 . During the three months ended March 31, 2023, the Company m ade a payment of $ 100 on the 2019 Term Loan. The interest rate applicable to the 2019 Term Loan is, at the Company's option, either (a) a base rate plus an applicable margin equal to 1.50 % or (b) a Eurocurrency rate (adjusted for statutory reserves) plus an applicable margin equal to 2.50 %. As of March 31, 2023, the Comp any had $ 985 of pr incipal outstanding under the $ 1,100 term loan (the "2021 Term Loan") with a maturity date of January 3, 2029 . During the three months ended March 31, 2023, the Company m ade a payment of $ 100 on the 2021 Term Loan. The interest rate applicable to the 2021 Term Loan is, at the Company's option, either (1) a base rate plus an applicable margin equal to 1.75 % or (2) Stock Eurocurrency rate (adjusted for statutory reserves) plus an applicable margin equal to 2.75 %. The interest rate applicable to borrowings under the $ 500 five-year senior secured revolving credit facility (the “Revolving Credit Facility”) is, at the Company’s option, either (1) a base rate plus an applicable margin equal to 1.25 %, or (2) a Eurocurrency rate (adjusted for statutory reserves) plus an applicable margin equal to 2.25 %. Swap activity As of March 31, 2023 , the Company had a four-year interest rate swap with respect to $ 720 of notional value of the 2019 Term Loan, exchanging one-month LIBOR for a fixed rate of 3.64 % per annum. Accordingly, the Company's fixed interest rate per annum on the swapped $ 720 notional value of the 2019 Term Lo an is 3.64 % thr ough its maturity. The re maining $ 307 of th e 2019 Term Loan balance will bear interest based on one-month LIBOR plus 250 basis points, but the rate will fluctuate as LIBOR fluctuates . During the three months ended March 31, 2023, the Company began a five-year interest rate swap on the 2021 Term Loan exchanging one-month LIBOR for a rate of 3.46 %. Accordingly, the Company's fixed interest rate per annum on the swapped $ 400 notional value of the 2021 Term Lo an is 3.46 % thr ough its maturity. The re maining $ 585 of th e 2021 Term Loan balance will bear interest based on one-month LIBOR plus 275 basis points, but the rate will fluctuate as LIBOR fluctuates . Refer to Note 8 - "Derivatives" for additional information. At March 31, 2023 and December 31, 2022 , the Company had no amounts outstanding under the Revolving Credit Facility, and $ 446 was available for both March 31, 2023 and December 31, 2022 , after giving effect to $ 54 of outstanding letters of credit for both periods. As of March 31, 2023 and December 31, 2022, the Company was in compliance with all applicable debt covenants. Senior notes 4.125 % Senior Notes During 2021, the Company completed a private offering of $ 350 aggregate principal amount of 4.125 % Senior Notes (the “ 4.125 % Senior Notes”) issued under an indenture dated June 22, 2021. The 4.125 % Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Company’s subsidiaries. The Company repurchased $ 13 of the 4.125 % Senior Notes in September 2022 and the balance as of March 31, 2023 was $ 337 . 4.750 % Senior Notes During 2021, the Company completed a private offering of $ 300 aggregate principal amount of 4.750 % Senior Notes due 2029 (the " 4.750 % Senior Notes") issued under an indenture dated October 21, 2021, as supplemented by a supplemental indenture dated January 3, 2022. The 4.750 % Senior Notes are fully and unconditionally guaranteed on a senior unsecured basis by the Company and certain of the Company's subsidia ries. The Company repurchased $ 23 of the 4.750 % Senior Notes in September 2022 and the balance as of March 31, 2023 was $ 277 . The Company was in compliance with all covenants contained in the indentures for the 4.125 % Senior Notes and 4.750 % Senior Notes as of March 31, 2023 and December 31, 2022. Other obligations As of March 31, 2023 and December 31, 2022, the Company had $ 6 and $ 6 in notes outstanding, respectively, for working capital purposes and the acquisition of equipment and vehicles.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes The Company’s quarterly income tax provision is measured using an estimate of its consolidated annual effective tax rate, adjusted in the current period for discrete income tax items, within the periods presented. The comparison of the Company’s income tax provision between periods may be impacted by the level and mix of ea rnings and losses by tax jurisdiction, foreign income tax rate differentials, and discrete items. The Company’s effective tax rate was 30.6 % and 71.3 % for the three months ended March 31, 2023 and 2022, respectively. The difference between the effective tax rate and the statutory U.S. federal income tax rate of 21.0 % f or the three months ended March 31, 2023 and 2022 is due to nondeductible permanent items, state taxes, and the reversal of the Company’s indefinite reinvestment assertion. As of March 31, 2023, the Company’s deferred tax assets included a valuation allowan ce of $ 101 prima rily related to certain net operating loss, capital loss, and tax credit carryforwards of the Company’s foreign subsidiaries. The factors used to assess the likelihood of realization were the past performance of the related entities, forecasts of future taxable income, future reversals of existing taxable temporary differences, and available tax planning strategies that could be implemented to realize the deferred tax assets. The ability or failure to achieve the forecasted taxable income in these entities could affect the ultimate realization of deferred tax assets. As of March 31, 2023, the Compa ny had gross federal, state, and foreign net operating loss carryforwards of approximately $ 0 , $ 21 , and $ 105 , respectiv ely. The state net operating losses have carryforward periods of five to twenty years and begin to expire in 2027 . The foreign net operating losses generally have carryback periods of three years , carryforward periods of twenty years , or are indefinite, and begin to expire in 2036 . The Company’s liability for unrecognized tax benefits is recorded within other noncurrent liabilities in the condensed consolidated balance sheets and recognizes interest and penalties accrued related to unrecognized tax benefits in the provision for income taxes in the condensed consolidated statements of operations. As of March 31, 2023 and December 31, 2022 , the total gross unrecognized tax benefits were $ 7 and $ 8 , respectively. The Company had accrued gross interest and penalties as of March 31, 2023 and December 31, 2022 of $ 2 and $ 2 , respectively. During the three months ended March 31, 2023 and 2022 , the Company did no t recognize net interest expense . If all of the Company’s unrecognized tax benefits as of March 31, 2023 were recog nized, $ 9 would impact the Company’s effective tax rate. The Company expects $ 1 of unrecognized tax benefits to expire in the next twelve months. The Company files income tax returns in the U.S. federal jurisdiction, and various state, local, and foreign jurisdictions. As of March 31, 2023, with few exceptions, neither the Company nor its subsidiaries are subject to examination prior to tax year 2014. There are various other audits in state and foreign jurisdictions. No adjustments have been proposed and the Company does not expect the results of the audits to have a material impact on the Interim Statements. On August 16, 2022, the U.S. government enacted the Inflation Reduction Act of 2022, which includes changes to the U.S. corporate income tax system, including a 15 % minimum tax based on “adjusted financial statement income” for certain large corporations which is effective for taxable years beginning after December 31, 2022, and a 1 % excise tax on share repurchases after December 31, 2022. While these tax law changes are not expected to have a material adverse effect on the Company's results of operations going forward, it is unclear how this legislation will be implemented by the U.S. Department of Treasury and what, if any, impact it will have on the Company's effective tax rate. The Company will continue to evaluate the impact of the Inflation Reduction Act as further information becomes available.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 12. Employee Benefit Plans Multiemployer pension plans Certain subsidiaries of the Company contribute amounts to multiemployer pension plans and other multiemployer benefit plans and trusts, which are recorded as a component of employee wages and salaries within costs of revenues on the condensed consolidated statements of operations. Contributions are generally based on fixed amounts per hour per employee for employees covered under these plans. Multiemployer plan contribution rates are determined annually and assessed on a pay-as-you-go basis based on union employee payrolls. Union payrolls cannot be determined for future periods because the number of union employees employed at a given time and the plans in which they participate vary depending upon the location, the number of ongoing projects, and the need for union resources in connection with those projects. Total consolidated contributions to multiemployer plans were $ 23 and $ 24 during the three months ended March 31, 2023 and 2022, respectively. Defined benefit pension plans The Company sponsors both funded and unfunded foreign defined benefit pension plans that cover a portion of the Company's employees, and the largest plans are closed to new participants and frozen for accrual of future service. The components of the net periodic pension benefit for the defined benefit pension plans are as follows: Three Months Ended March 31, 2023 2022 Service cost $ 1 $ 2 Interest cost 15 9 Expected return on plan assets ( 18 ) ( 20 ) Net periodic pension benefit $ ( 2 ) $ ( 9 ) Profit sharing plans The Company has a trustee-administered profit sharing retirement plan covering substantially all of the Company's employees in the U .S. not covered by collective bargaining agreements and a profit sharing plan for employees in Canada (collectively, “Profit Sharing Plans”). The Profit Sharing Plans provide for annual discretionary contributions in amounts based on a performance grid as determined by the Company’s directors, which may be settled in shares of the Company's common stock or in cash. In connection with these plans, the Company recognized $ 5 and $ 3 in expense during the three months ended March 31, 2023 and 2022, respectively. Employee stock purchase plan Most of the Company’s employees in the U.S. and Canada, including named executive officers, are eligible to participate in the Company’s Employee Stock Purchase Plan (the “ESPP”). Sales of shares of the Company’s common stock under the ESPP are generally made pursuant to offerings that are intended to satisfy the requirements of Section 423 of the Internal Revenue Code. The ESPP permits employees of the Company to purchase common stock at a price equal to 85 % of the lesser of (i) the market value of the common stock on the first day of the offering period, or (ii) the market value of the common stock on the purchase date, whichever is lower. Participants are subject to eligibility requirements and may not purchase more than 500 shares in any offering period or more than ten thousand dollars of common stock in a year under the ESPP. The Company recognized $ 2 and $ 1 of expense during the three months ended March 31, 2023 and 2022, respectively .

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related-Party Transactions	Note 13. Related-Party Transactions The Company incurred advisory fees of $ 1 during the three months ended March 31, 2023 and 2022 , payable to Mariposa Capital, LLC, an entity owned by a co-chair of the Company’s Board of Directors. In addition, dividends for Series A Preferred Stock were declared as of December 31, 2021 and settled in shares during January 2022. The Company issued 7,539,697 shares in January 2022 to Mariposa Acquisition IV, LLC, a related entity that is controlled by a co-chair of the Company's Board of Directors. During 2022, the Company issued and sold 800,000 shares of the Company’s 5.5 % Series B Redeemable Convertible Preferred Stock, par value $ 0.0001 per share (the “Series B Preferred Stock”) for an aggregate purchase price of $ 800 . Of the 800,000 shares issued and sold, 200,000 shares were sold to Viking Global Equities Master Ltd. and Viking Global Equities II LP ("Viking Purchasers"), which is the aggregate owner of more than 5 % of the Company's outstanding stock. The Company declared dividends of 124,573 and 129,867 shares of common stock on the Series B Preferred Stock held by the Viking Purchasers during the three months ended March 31, 2023 and 2022, respectively. The Company has entere d into sales contracts with Royal Oak Enterprises, an entity controlled by a co-chair of the Company's Board of Directors, and recorded $ 2 in net revenues for the three months ended March 31, 2023, respectively, and as of March 31, 2023 had $ 4 in accounts receivable, net of allowances. From time to time, the Company also enters into other immaterial related-party transactions.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 14. Commitments and contingencies The Company is involved in various litigation matters and is subject to claims from time to time from customers and various government entities. While it is not feasible to determine the outcome of any of these uncertainties, it is the opinion of management that their outcomes will not have a material adverse effect on the financial position, results of operations, or cash flows of the Company. Environmental obligations The Company's operations are subject to environmental regulation by various authorities. The Company has accrued for the costs of environmental remediation activities, including but not limited to, investigatory, remediation, operating and maintenance costs, and performance guarantees, and periodically reassess these amounts. Management believes that the likelihood of incurring losses materially in excess of the amounts accrued is remote. The outstanding liability for these obligations was $ 18 and $ 16 , and was i ncluded in other noncurrent liabilities on the condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022 , respectively.

Shareholders' Equity and Redeem

Shareholders' Equity and Redeemable Convertible Preferred Stock	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Shareholders' Equity and Redeemable Convertible Preferred Stock	NOTE 15. SHAREHOLDERS’ EQUITY and REdeemable convertible preferred stock Shareholders' equity Series A Preferred Stock The Company has 4,000,000 shares of Series A Preferred Stock issued and outstanding as of March 31, 2023 ("Series A Preferred Stock"). The Series A Preferred Stock will be automatically converted into shares of common stock on a one -for-one basis on the last day of 2026. The holders of the Series A Preferred Stock are entitled to receive an annual dividend in the form of common stock or cash, at the Company’s sole option, based on the increase in the market price of the Company’s common stock. Stock repurchases The Company is authorized to purchase up to an aggregate of $ 250 of shares of the Company’s common stock pursuant to the stock repurchase program ("SRP"), which will expire on February 29, 2024 unless otherwise modified or terminated by the Company's Board of Directors. The SRP authorizes open market, private, and accelerated share repurchase transactions. During the three months ended March 31, 2023 and 2022, the Company repurc hased 541,316 and 531,431 shares of common stock for aggregate payments of approximately $ 12 and $ 11 , respectively. As of March 31, 2023, the Company had appr oximately $ 195 o f authorized repurchases remaining under the SRP. Redeemable Convertible Preferred Stock Series B Preferred Stock During 2022, the Company authorized, issued, and sold, for an aggregate purchase price of $ 800 , 800,000 shares of the Company’s 5.5 % Series B Preferred Stock, par value $ 0.0001 per share. The holders of the Series B Preferred Stock are entitled to dividends at the rate of 5.5 % per annum, payable in cash or the Company’s common stock, at the Company's election. The Series B Preferred Stock ranks senior to the Company's common stock and Series A Preferred Stock with respect to dividend rights and rights upon the voluntary or involuntary liquidation, dissolution, or winding up of the affairs of the Company. The Series B Preferred Stock is classified as redeemable convertible preferred stock on the condensed consolidated balance sheets due to a provision that a change in control or de-listing of the Company could require the Company to redeem the Series B Preferred Stock for cash at the election of the holder. The Series B Preferred Stock is convertible, at the holder’s option, into shares of the Company’s common stock at a conversion price equal to $ 24.60 per share, subject to certain customary adjustments. The holders of Series B Preferred Stock have certain other rights including voting rights on an as converted basis, certain pre-emptive rights on private equity offerings by the Company, certain registration rights, and, in the case of certain holders, certain director designation rights, as provided in the certificate of designation governing the Series B Preferred Stock. The Company may, at its option, effect conversion of the outstanding shares of Series B Preferred Stock to common stock, but only if the volume-weighted average price of the Company's common stock exceeds $ 36.90 per share for 15 consecutive trading days. Dividends The holders of Series B Preferred Stock are entitled to receive cumulative dividends at a rate of 5.5 % as and when declared by the Board of Directors, prior and in preference to any declaration or payment of any dividend on the Company's common stock and Series A Preferred Stock. Series B Preferred Stock dividends are cumulative and accrued quarterly, in cash or in common stock, based on an annual 5.5 % dividend rate. The Company declared a Series B Preferred Stock dividend of $ 11 or 584,584 shares of common stock in December 2022 and issued the shares in January 2023. The Company declared and issued a Series B Preferred Stock dividend of $ 11 or 498,293 shares of common stoc k and $ 11 or 519,469 shar es of common stock during the three months ended March 31, 2023 and 2022, respectively. If regula r dividends are to be paid in shares of common stock, then each holder shall be entitled to receive such number of whole shares of common stock as is determined by dividing the pro rata amount of regular dividends to which a holder is entitled by the average price per share of common stock over the dividend determination period from dividend notice until the payment date.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Note 16. Earnings Per Share Net income is allocated between the Company’s common shares and other participating securities based on their participation rights. The Series A Preferred Stock and Series B Preferred Stock represent participating securities. Earnings attributable to Series A Preferred Stock and Series B Preferred Stock are not included in earnings attributable to common shares in calculating earnings per common share (the two-class method). For periods of net loss, there is no impact from the two-class method on earnings per common share (“EPS”) as net loss is allocated to common shares because Series A Preferred Stock and Series B Preferred Stock shares are not contractually obligated to share the loss. The following table sets forth the computation of EPS using the two-class method. The dilutive effect of outstanding Series A Preferred Stock, Series B Preferred Stock, the Series A Preferred Stock dividend, and the Series B Preferred Stock dividend is reflected in diluted EPS using the if-converted method and options, restricted shares, and performance shares are reflected using the treasury stock method. For periods of net loss, basic and diluted EPS are the same, as the assumed exercise of Series A Preferred Stock, Series B Preferred Stock, restricted and performance shares, and stock options are anti-dilutive. (Amounts in millions, except share and per share amounts.) Three Months Ended March 31, 2023 2022 Basic earnings (loss) per common share: Net income (loss) $ 26 $ ( 7 ) Less income attributable to Series A Preferred Stock ( 1 ) — Less income attributable to Series B Preferred Stock ( 2 ) — Less stock dividend attributable to Series B Preferred Stock ( 11 ) ( 11 ) Net income (loss) attributable to common shareholders $ 12 $ ( 18 ) Weighted average shares outstanding - basic 234,386,758 232,237,099 Income (loss) per common share - basic $ 0.05 $ ( 0.08 ) Diluted earnings (loss) per common share: Net income (loss) $ 26 $ ( 7 ) Less income attributable to Series A Preferred Stock ( 1 ) — Less stock dividend attributable to Series B Preferred Stock ( 11 ) ( 11 ) Net income (loss) attributable to common shareholders - diluted $ 14 $ ( 18 ) Weighted average shares outstanding - basic 234,386,758 232,237,099 Dilutive securities: (1) Restricted stock units, warrants, and stock options 265,515 — Shares issuable upon conversion of Series B Preferred Shares 32,520,000 — Weighted average shares outstanding - diluted 267,172,273 232,237,099 Income (loss) per common share - diluted $ 0.05 $ ( 0.08 ) 1. The following items were excluded from the calculation of diluted shares as their inclusion would be anti-dilutive: a. For the three months ended March 31, 2023 and 2022, 4,000,000 shares of Series A Preferred Stock, which are convertible to the same number of common shares. b. For the three months ended March 31, 2022, 800,000 shares of Series B Preferred Stock, which are convertible to 32,520,000 common shares. c. For the three months ended March 31, 2022, 162,500 stock options to purchase the same number of common shares. d. For the three months ended March 31, 2022, 2,378,318 time-based and performance-based restricted stock units.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Segment Information	Note 17. SEgment information The Company manages its operations under two operating segments which represent the Company’s two reportable segments: Safety Services and Specialty Services. This structure is generally focused on various businesses related to contracting services and maintenance of industrial and commercial facilities. Both reportable segments derive their revenues from installation, inspection, maintenance, service and repair, retrofitting and upgrading, engineering and design, distribution, fabrication, and various types of other services in over 20 countries. The Safety Services segment focuses on end-to-end integrated occupancy systems (fire protection solutions, HVAC, and entry systems), including design, installation, inspection and service of these integrated systems. The work performed within this segment spans across industries and facilities and includes commercial, education, healthcare, high tech, industrial and special-hazard settings. The Specialty Services segment provides a variety of infrastructure services and specialized industrial plant services, which includes maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer and telecommunications infrastructure. This segment’s services include engineering and design, fabrication, installation, maintenance service and repair, retrofitting and upgrading, pipeline infrastructure, access and road construction, supporting facilities, and performing ongoing integrity management and maintenance to customers within the energy industry. Customers within this segment vary from private and public utilities, communications, healthcare, education, transportation, manufacturing, industrial plants, and governmental agencies throughout North America. The accounting policies of the reportable segments are the same as those described in Note 1 – “Basis of Presentation and Significant Accounting Policies.” All intercompany transactions and balances are eliminated in consolidation. Intercompany revenues and costs between entities within a reportable segment are eliminated to arrive at segment totals and eliminations between segments are separately presented. Corporate results include amounts related to corporate functions such as administrative costs, professional fees, acquisition-related transaction costs (exclusive of acquisition integration costs, which are included within the segment results of the acquired businesses), and other discrete items. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) is the measure of profitability used by management to manage its segments and, accordingly, in its segment reporting. As appropriate, the Company supplements the reporting of consolidated financial information determined in accordance with U.S. GAAP with certain non-U.S. GAAP financial measures, including EBITDA. The Company believes these non-U.S. GAAP measures provide meaningful information and help investors understand the Company’s financial results and assess its prospects for future performance. The Company uses EBITDA to evaluate its performance, both internally and as compared with its peers, because it excludes certain items that may not be indicative of the Company’s core operating results for its reportable segments. Segment EBITDA is calculated in a manner consistent with consolidated EBITDA. Summarized financial information for the Company’s reportable segments is presented and reconciled to consolidated financial information in the following tables, including a reconciliation of consolidated operating income (loss) to EBITDA: Three Months Ended March 31, 2023 Safety Specialty Corporate and Consolidated Net revenues $ 1,191 $ 430 $ ( 7 ) $ 1,614 EBITDA Reconciliation Operating income (loss) $ 96 $ — $ ( 23 ) $ 73 Plus: Investment income and other, net — 2 — 2 Non-service pension benefit 3 — — 3 Loss on extinguishment of debt, net — — ( 3 ) ( 3 ) Depreciation 6 12 1 19 Amortization 41 13 1 55 EBITDA $ 146 $ 27 $ ( 24 ) $ 149 Total assets $ 6,001 $ 1,247 $ 518 $ 7,766 Capital expenditures 5 15 1 21 Three Months Ended March 31, 2022 Safety Specialty Corporate and Consolidated Net revenues $ 1,074 $ 412 $ ( 15 ) $ 1,471 EBITDA Reconciliation Operating income (loss) $ 63 $ ( 7 ) $ ( 63 ) $ ( 7 ) Plus: Investment income and other, net — 1 ( 1 ) $ — Non-service pension benefit 11 — — $ 11 Depreciation 7 12 — $ 19 Amortization 42 14 1 $ 57 EBITDA $ 123 $ 20 $ ( 63 ) $ 80 Total assets $ 6,423 $ 1,254 $ 465 $ 8,142 Capital expenditures 6 6 — 12

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Nature of business	Nature of business APi Group Corporation (the “Company” or “APG”) is a global, market-leading business services provider of safety and specialty services in over 500 locations worldwide.
Principles of consolidation	Principles of consolidation The accompanying interim unaudited condensed consolidated financial statements (the “Interim Statements”) include the accounts of the Company and of its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. These Interim Statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and do not include all of the information and footnotes required by generally accepted accounting principles in the United States of America (“U.S. GAAP”) for complete financial statements. The condensed consolidated balance sheets as of December 31, 2022 were derived from audited financial statements for the year then ended but do not include all of the information and footnotes required by U.S. GAAP with respect to annual financial statements. In the opinion of management, the Interim Statements include all adjustments (including normal recurring accruals) necessary for a fair presentation of the Company’s consolidated financial position, results of operations and cash flows for the dates and periods presented. It is recommended that these Interim Statements be read in conjunction with the Company’s audited annual consolidated financial statements and accompanying footnotes thereto for the year ended December 31, 2022 . Results for interim periods are not necessarily indicative of the results to be expected for a full fiscal year or for any future period.
Cash, cash equivalents, and restricted cash	Cash, cash equivalents, and restricted cash The Company considers all highly liquid investments purchased with an original maturity date of three months or less to be cash equivalents. Restricted cash is reported as other current assets in the condensed consolidated balance sheets. Restricted cash reflects collateral against certain bank guarantees.
Investments	Investments The Company holds investments in joint ventures which are accounted for under the equity method of accounting as the Company does not exercise control over the joint ventures. The Company’s share of earnings from the joint ventu res was $ 2 an d less than $ 1 during the three months ended March 31, 2023 and 2022, respectively. The earnings are recorded within investment income and other, net in the condensed consolidated statements of operations. The investment balance s were $ 6 and $ 4 as of March 31, 2023 and December 31, 2022 , respectively, and are recorded within other assets in the condensed consolidated balance sheets.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2023
Business Combinations [Abstract]
Summary of Final Fair Values of Consideration of Assets Acquired and Liabilities Assumed	The following table summarizes the final fair values of the assets acquired and liabilities assumed at the date of the Chubb Acquisition: Cash paid at closing $ 2,935 Working capital and net indebtedness adjustment ( 42 ) Total net consideration $ 2,893 Cash $ 60 Accounts receivable 426 Inventories 68 Contract assets 183 Other current assets 25 Property and equipment 73 Operating lease right of use assets 146 Pension and post-retirement assets 626 Other noncurrent assets 8 Intangible assets 1,200 Goodwill 1,367 Accounts payable ( 192 ) Contract liabilities ( 162 ) Accrued expenses ( 255 ) Finance and operating lease liabilities ( 148 ) Pension and post-retirement obligations ( 56 ) Deferred tax liabilities ( 383 ) Other noncurrent liabilities ( 93 ) Net assets acquired $ 2,893

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Summary of Restructuring Program	The following table summarizes the Company's restructuring program for the three months ended March 31, 2023: Three Months Ended Balance as of December 31, 2022 $ 22 Charged to cost of revenues - employee related — Charged to selling, general, and administrative expenses - employee related — Payments ( 5 ) Currency translation adjustment — Balance as of March 31, 2023 $ 17

Net Revenues (Tables)

Net Revenues (Tables)	3 Months Ended
	Mar. 31, 2023
Revenues [Abstract]
Summary of Disaggregated Net Revenues	The Company disaggregates its net revenues primarily by segment, service type, and country from which revenues are invoiced, as th e nature, timing and uncertainty of cash flows are relatively consistent within each of these categories. The following tables provide disclosure of disaggregated net revenues by segment for the three months ended March 31, 2023 and 2022. During 2023, the Company moved an immaterial business component within the Safety Services segment from the HVAC to Life Safety reporting unit and prior period amounts in this table have been recast to reflect current period presentation. Disaggregated net revenues information is as follows: Three Months Ended March 31, 2023 Safety Specialty Corporate and Consolidated Life Safety $ 1,068 $ — $ — $ 1,068 Heating, Ventilation, and Air Conditioning ("HVAC") 123 — — 123 Infrastructure/Utility — 240 — 240 Fabrication — 55 — 55 Specialty Contracting — 135 — 135 Corporate and Eliminations — — ( 7 ) ( 7 ) Net revenues $ 1,191 $ 430 $ ( 7 ) $ 1,614 Three Months Ended March 31, 2022 Safety Specialty Corporate and Consolidated Life Safety $ 963 $ — $ — $ 963 HVAC 111 — — 111 Infrastructure/Utility — 142 — 142 Fabrication — 54 — 54 Specialty Contracting — 216 — 216 Corporate and Eliminations — — ( 15 ) ( 15 ) Net revenues $ 1,074 $ 412 $ ( 15 ) $ 1,471 Three Months Ended March 31, 2023 Safety Specialty Corporate and Consolidated United States $ 560 $ 417 $ ( 7 ) $ 970 France 156 — — 156 Other 475 13 — 488 Net revenues $ 1,191 $ 430 $ ( 7 ) $ 1,614 Three Months Ended March 31, 2022 Safety Specialty Corporate and Consolidated United States $ 474 $ 409 $ ( 15 ) $ 868 France 148 — — 148 Other 452 3 — 455 Net revenues $ 1,074 $ 412 $ ( 15 ) $ 1,471
Summary of Accounts Receivable, Net of Allowances, Contract Assets and Contract Liabilities from Contracts with Customer	The balances of accounts receivable, net of allowances, contract assets, and contract liabilities from contracts with customers as of March 31, 2023 and December 31, 2022 are as follows: Accounts Contract Contract Balance at March 31, 2023 $ 1,221 $ 490 $ 469 Balance at December 31, 2022 1,313 459 463

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes In Carrying Amounts of Goodwill By Reportable Segments	The following table provides disclosure of goodwill by segment as of March 31, 2023 and December 31, 2022. The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2023 are as follows: Safety Specialty Total Goodwill as of December 31, 2022 2,201 181 2,382 Acquisitions 11 — 11 Foreign currency translation 12 — 12 Goodwill as of March 31, 2023 $ 2,224 $ 181 $ 2,405
Summary of Identifiable Intangible Assets	The Company’s identifiable intangible assets are comprised of the following as of March 31, 2023 and December 31, 2022: March 31, 2023 Weighted Average Remaining Useful Lives Gross Accumulated Net Carrying Amortized intangibles: Contractual backlog 0.7 $ 153 $ ( 133 ) $ 20 Customer relationships 9.9 1,512 ( 404 ) 1,108 Trade names and trademarks 12.9 706 ( 100 ) 606 Total $ 2,371 $ ( 637 ) $ 1,734 December 31, 2022 Weighted Average Remaining Useful Lives Gross Accumulated Net Carrying Amortized intangibles: Contractual backlog 0.9 $ 153 $ ( 126 ) $ 27 Customer relationships 10.0 1,508 ( 367 ) 1,141 Trade names and trademarks 13.2 704 ( 88 ) 616 Total $ 2,365 $ ( 581 ) $ 1,784
Summary of Amortization Expense Recognized on Intangible Assets	Amortization expense recognized on identifiable intangible assets is as follows: Three Months Ended March 31, 2023 2022 Cost of revenues $ 7 $ 3 Selling, general, and administrative expenses 48 54 Total intangible asset amortization expense $ 55 $ 57

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Fair Value Measurement Assets And Liabilities Measured On Recurring Basis	The following tables summarize the fair values and levels within the fair value hierarchy in which the measurements fall for assets and liabilities measured on a recurring basis as of March 31, 2023 and December 31, 2022: Fair Value Measurements at March 31, 2023 Financial assets: Level 1 Level 2 Level 3 Total Derivatives designated as hedge instruments Cash flow hedges - interest rate swaps $ — $ 2 $ — $ 2 Cash flow hedges - cross currency contracts — 17 — 17 Cash flow hedges - foreign currency forward contracts — — — — Net investment hedges - cross currency contracts — 30 — 30 Fair value hedges - cross currency contracts — 42 — 42 Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Total $ — $ 91 $ — $ 91 Financial liabilities: Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Contingent consideration obligations — — ( 4 ) ( 4 ) Total $ — $ — $ ( 4 ) $ ( 4 ) Fair Value Measurements at December 31, 2022 Financial assets: Level 1 Level 2 Level 3 Total Derivatives designated as hedge instruments Cash flow hedges - interest rate swaps $ — $ 14 $ — $ 14 Cash flow hedges - cross currency contracts — 17 — 17 Cash flow hedges - foreign currency forward contracts — — — — Net investment hedges - cross currency contracts — 32 — 32 Fair value hedges - cross currency contracts — 50 — 50 Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Total $ — $ 113 $ — $ 113 Financial liabilities: Derivatives not designated as hedge instruments Foreign currency forward contracts — — — — Contingent consideration obligations — — ( 4 ) ( 4 ) Total $ — $ — $ ( 4 ) $ ( 4 )
Summary of Reconciliation of Fair Value of Contingent Consideration Obligations	The table below presents a reconciliation of the fair value of the Company’s contingent consideration obligations that use unobservable inputs (Level 3), as well as other information about the contingent consideration obligations: Three Months Ended Balance as of December 31, 2022 $ 4 Issuances — Settlements — Adjustments to fair value — Balance as of March 31, 2023 $ 4 Number of open contingent consideration arrangements at the end of the period 3 Maximum potential payout at the end of the period $ 4
Summary of Carrying And Fair Value Of Non-Variable Interest Rate Debt	The following table presents the carrying amount and fair value of the Company’s term loans and senior notes (instruments defined in Note 10 – “Debt”), including current portions and excluding unamortized debt issuance costs. The fair values are estimated by discounting future cash flows at current interest rates for borrowing arrangements with similar terms and conditions. The inputs used to calculated fair value are considered to be Level 2 inputs under the fair value hierarchy. During the three months ended March 31, 2023, the Company repaid an aggregate amount of $ 200 , $ 100 to each of the 2019 Term Loan and 2021 Term Loan. March 31, 2023 December 31, 2022 Carrying Value Fair Value Carrying Value Fair Value 2019 Term Loan $ 1,027 $ 1,025 $ 1,127 $ 1,120 2021 Term Loan 985 983 1,085 1,075 4.125 % Senior Notes 337 289 337 284 4.750 % Senior Notes 277 245 277 243

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Value of Derivative Instruments	The following table presents the fair value of derivative instruments: March 31, 2023 December 31, 2022 Outstanding Gross Other Outstanding Gross Other Notional Amount Other Assets Noncurrent liabilities Notional Amount Other Assets Noncurrent liabilities Derivatives designated as hedging instruments: Cash flow hedges: Interest rate swaps $ 1,120 $ 2 $ — $ 1,120 $ 14 $ — Cross currency contracts 120 17 — 120 17 — Foreign currency forward contracts 12 — — — — — Fair value hedges: Cross currency contracts 721 42 — 721 50 — Net investment hedges: Cross currency contracts 230 30 — 230 32 — Total derivatives designated as hedging instruments $ 2,203 $ 91 $ — $ 2,191 $ 113 $ — Derivatives not designated as hedging instruments: Foreign currency forward contracts 104 — — 118 — — Total derivatives not designated as hedging instruments $ 104 $ — $ — $ 118 $ — $ — Total derivatives $ 2,307 $ 91 $ — $ 2,309 $ 113 $ —
Summary of Effect of Derivatives on Consolidated Statements of Operations and Accumulated Other Comprehensive Income (Loss)	The following table presents the effect of derivatives on the condensed consolidated statements of operations: Amount of income (expense) recognized in income Location of income (expense) Three Months Ended March 31, Derivatives recognized in income 2023 2022 Cash flow hedging relationships: Interest rate swaps Interest expense, net $ 2 $ ( 3 ) Cross currency contracts Investment income and other, net ( 1 ) 3 Cross currency contracts Interest expense, net 1 — Foreign currency forward contracts Investment income and other, net — — Fair value hedging relationships: Cross currency contracts Investment income and other, net ( 8 ) 6 Cross currency contracts Interest expense, net 1 — Net investment hedging relationships: Cross currency contracts Interest expense, net 1 1 Not designated as hedging instruments: Foreign currency forward contracts Investment income and other, net — 1 The following table presents the effect of cash flow and fair value hedge accounting on accumulated other comprehensive income (loss) ("AOCI"): Amount of gain (loss) Amount of gain (loss) recognized in other reclassified from comprehensive income AOCI into income Three Months Ended March 31, Location of gain (loss) reclassified from Three Months Ended March 31, Derivatives 2023 2022 AOCI into income 2023 2022 Cash flow hedging relationships: Interest rate swaps $ ( 13 ) $ 20 Interest expense, net $ ( 4 ) $ — Cross currency contracts 1 ( 1 ) Investment income and other, net 1 ( 3 ) Forward currency forward contracts — — Investment income and other, net — — Fair value hedging relationships: Cross currency contracts $ — $ ( 12 ) Investment income and other, net $ 7 $ ( 6 ) Net investment hedging relationships: Cross currency contracts $ ( 1 ) $ 3 Investment income and other, net $ ( 3 ) $ 1

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Components of Property and Equipment	The components of property and equipment as of March 31, 2023 and December 31, 2022 are as follows: Estimated March 31, December 31, Land N/A $ 31 $ 30 Building 39 98 98 Machinery and equipment 1 - 20 325 313 Autos and trucks 4 - 10 118 116 Office equipment 3 - 7 52 35 Leasehold improvements 1 - 15 33 33 Total cost 657 625 Accumulated depreciation ( 245 ) ( 218 ) Property and equipment, net $ 412 $ 407

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Summary of Debt Obligations	Debt obligations consist of the following: Maturity Date March 31, December 31, Term loan facility 2019 Term Loan October 1, 2026 $ 1,027 $ 1,127 2021 Term Loan January 3, 2029 985 1,085 Revolving Credit Facility October 1, 2026 — — Senior notes 4.125 % Senior Notes July 15, 2029 337 337 4.750 % Senior Notes October 15, 2029 277 277 Other obligations 6 6 Total debt obligations 2,632 2,832 Less: unamortized deferred financing costs ( 38 ) ( 43 ) Total debt, net of deferred financing costs 2,594 2,789 Less: short-term and current portion of long-term debt ( 6 ) ( 206 ) Long-term debt, less current portion $ 2,588 $ 2,583

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Components of Net Periodic Pension Benefit	The components of the net periodic pension benefit for the defined benefit pension plans are as follows: Three Months Ended March 31, 2023 2022 Service cost $ 1 $ 2 Interest cost 15 9 Expected return on plan assets ( 18 ) ( 20 ) Net periodic pension benefit $ ( 2 ) $ ( 9 )

Pension (Tables)

Pension (Tables)	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Components of Net Periodic Pension Benefit	The components of the net periodic pension benefit for the defined benefit pension plans are as follows: Three Months Ended March 31, 2023 2022 Service cost $ 1 $ 2 Interest cost 15 9 Expected return on plan assets ( 18 ) ( 20 ) Net periodic pension benefit $ ( 2 ) $ ( 9 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Summary of Computation Earnings Per Common Share Using Two Class Method	The following table sets forth the computation of EPS using the two-class method. The dilutive effect of outstanding Series A Preferred Stock, Series B Preferred Stock, the Series A Preferred Stock dividend, and the Series B Preferred Stock dividend is reflected in diluted EPS using the if-converted method and options, restricted shares, and performance shares are reflected using the treasury stock method. For periods of net loss, basic and diluted EPS are the same, as the assumed exercise of Series A Preferred Stock, Series B Preferred Stock, restricted and performance shares, and stock options are anti-dilutive. (Amounts in millions, except share and per share amounts.) Three Months Ended March 31, 2023 2022 Basic earnings (loss) per common share: Net income (loss) $ 26 $ ( 7 ) Less income attributable to Series A Preferred Stock ( 1 ) — Less income attributable to Series B Preferred Stock ( 2 ) — Less stock dividend attributable to Series B Preferred Stock ( 11 ) ( 11 ) Net income (loss) attributable to common shareholders $ 12 $ ( 18 ) Weighted average shares outstanding - basic 234,386,758 232,237,099 Income (loss) per common share - basic $ 0.05 $ ( 0.08 ) Diluted earnings (loss) per common share: Net income (loss) $ 26 $ ( 7 ) Less income attributable to Series A Preferred Stock ( 1 ) — Less stock dividend attributable to Series B Preferred Stock ( 11 ) ( 11 ) Net income (loss) attributable to common shareholders - diluted $ 14 $ ( 18 ) Weighted average shares outstanding - basic 234,386,758 232,237,099 Dilutive securities: (1) Restricted stock units, warrants, and stock options 265,515 — Shares issuable upon conversion of Series B Preferred Shares 32,520,000 — Weighted average shares outstanding - diluted 267,172,273 232,237,099 Income (loss) per common share - diluted $ 0.05 $ ( 0.08 ) 1. The following items were excluded from the calculation of diluted shares as their inclusion would be anti-dilutive: a. For the three months ended March 31, 2023 and 2022, 4,000,000 shares of Series A Preferred Stock, which are convertible to the same number of common shares. b. For the three months ended March 31, 2022, 800,000 shares of Series B Preferred Stock, which are convertible to 32,520,000 common shares. c. For the three months ended March 31, 2022, 162,500 stock options to purchase the same number of common shares. d. For the three months ended March 31, 2022, 2,378,318 time-based and performance-based restricted stock units.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Summary of Reconciliation Operating Income to EBITDA	Summarized financial information for the Company’s reportable segments is presented and reconciled to consolidated financial information in the following tables, including a reconciliation of consolidated operating income (loss) to EBITDA: Three Months Ended March 31, 2023 Safety Specialty Corporate and Consolidated Net revenues $ 1,191 $ 430 $ ( 7 ) $ 1,614 EBITDA Reconciliation Operating income (loss) $ 96 $ — $ ( 23 ) $ 73 Plus: Investment income and other, net — 2 — 2 Non-service pension benefit 3 — — 3 Loss on extinguishment of debt, net — — ( 3 ) ( 3 ) Depreciation 6 12 1 19 Amortization 41 13 1 55 EBITDA $ 146 $ 27 $ ( 24 ) $ 149 Total assets $ 6,001 $ 1,247 $ 518 $ 7,766 Capital expenditures 5 15 1 21 Three Months Ended March 31, 2022 Safety Specialty Corporate and Consolidated Net revenues $ 1,074 $ 412 $ ( 15 ) $ 1,471 EBITDA Reconciliation Operating income (loss) $ 63 $ ( 7 ) $ ( 63 ) $ ( 7 ) Plus: Investment income and other, net — 1 ( 1 ) $ — Non-service pension benefit 11 — — $ 11 Depreciation 7 12 — $ 19 Amortization 42 14 1 $ 57 EBITDA $ 123 $ 20 $ ( 63 ) $ 80 Total assets $ 6,423 $ 1,254 $ 465 $ 8,142 Capital expenditures 6 6 — 12

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023 USD ($) Location	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Number of locations | Location	500
Earnings	$ 26,000,000	$ (7,000,000)
Joint Ventures [Member] | Other Assets [Member]
Investment balance	6,000,000		$ 4,000,000
Joint Ventures [Member] | Investment Income and Other, Net [Member]
Earnings	$ 2,000,000
Joint Ventures [Member] | Investment Income and Other, Net [Member] | Maximum [Member]
Earnings		$ 1,000,000

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Millions		3 Months Ended
	Oct. 01, 2019	Mar. 31, 2023 USD ($) Country	Dec. 31, 2022 USD ($)
APi Acquisition [Member]
Contingent compensation		$ 21	$ 19
Maximum payout of contingent compensation		31	25
Payout of accrued contingent compensation		21	19
Liability for deferred payments		$ 11	$ 9
APi Acquisition [Member] | Minimum [Member]
Contingent compensation arrangements recognized period	3 years
Liability for deferred payments recognition period	1 year
APi Acquisition [Member] | Maximum [Member]
Contingent compensation arrangements recognized period	5 years
Liability for deferred payments recognition period	2 years
Chubb Limited Fire and Security Business [Member]
Number of countries of significant business operations | Country		17
Number of countries expanding operations | Country		20

Business Combinations - Summary

Business Combinations - Summary of Final Fair Value of Consideration of Assets Acquired and Liabilities Assumed (Detail) - Chubb Limited (“Chubb”) Fire and Security Business [Member] $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Cash paid at closing	$ 2,935
Estimated net working capital adjustment	(42)
Total consideration	2,893
Cash	60
Accounts receivable	426
Inventories	68
Contract assets	183
Other current assets	25
Property and equipment	73
Operating lease right of use assets	146
Pension and post-retirement assets	626
Other noncurrent assets	8
Intangible assets other then goodwill	1,200
Goodwill	1,367
Accounts payable	(192)
Contract liabilities	(162)
Accrued expenses	(255)
Finance and operating lease liabilities	(148)
Pension and post-retirement obligations	(56)
Deferred tax liabilities	(383)
Other noncurrent liabilities	(93)
Net assets acquired	$ 2,893

Restructuring (Additional Infor

Restructuring (Additional Information) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring liabilities	$ 17
Forecast [Member] | Chubb Acquisition [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs		$ 105
Safety Services [Member] | Chubb Acquisition [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 30

Restructuring - Summary of Rest

Restructuring - Summary of Restructuring Program (Details) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Ending Balance	$ 17
2022 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	22
Payments	(5)
Restructuring Reserve, Ending Balance	$ 17

Net Revenues - Summary of Disag

Net Revenues - Summary of Disaggregated Net Revenues (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Net revenues	$ 1,614	$ 1,471
United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	970	868
France [Member]
Disaggregation of Revenue [Line Items]
Net revenues	156	148
Other [Member]
Disaggregation of Revenue [Line Items]
Net revenues	488	455
Safety Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	1,191	1,074
Safety Services [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	560	474
Safety Services [Member] | France [Member]
Disaggregation of Revenue [Line Items]
Net revenues	156	148
Safety Services [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Net revenues	475	452
Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	430	412
Specialty Services [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	417	409
Specialty Services [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Net revenues	13	3
Corporate and Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net revenues	(7)	(15)
Corporate and Eliminations [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	(7)	(15)
Life Safety [Member]
Disaggregation of Revenue [Line Items]
Net revenues	1,068	963
Life Safety [Member] | Safety Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	1,068	963
Heating, Ventilation and Air Conditioning ("HVAC") [Member]
Disaggregation of Revenue [Line Items]
Net revenues	123	111
Heating, Ventilation and Air Conditioning ("HVAC") [Member] | Safety Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	123	111
Infrastructure/Utility [Member]
Disaggregation of Revenue [Line Items]
Net revenues	240	142
Infrastructure/Utility [Member] | Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	240	142
Fabrication [Member]
Disaggregation of Revenue [Line Items]
Net revenues	55	54
Fabrication [Member] | Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	55	54
Specialty Contracting [Member]
Disaggregation of Revenue [Line Items]
Net revenues	135	216
Specialty Contracting [Member] | Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	135	216
Corporate and Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net revenues	(7)	(15)
Corporate and Eliminations [Member] | Corporate and Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net revenues	$ (7)	$ (15)

Net Revenues - Additional Infor

Net Revenues - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Aggregate amount of transaction price allocated to unsatisfied performance obligation	$ 2,606
Percentage of recognized revenue of remaining performance obligations over the next 12 months	89%
Retentions receivable	$ 142	$ 150
Retentions receivable within one year	$ 31	$ 35

Net Revenues - Additional Inf_2

Net Revenues - Additional Information (Details1)	Mar. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations period	12 months

Net Revenues - Summary of Accou

Net Revenues - Summary of Accounts Receivable, Net of Allowances, Contract Assets and Contract Liabilities from Contracts with Customer (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Revenues [Abstract]
Accounts receivable, net of allowances	$ 1,221	$ 1,313
Contract assets	490	459
Contract liabilities	$ 469	$ 463

Goodwill and Intangibles - Summ

Goodwill and Intangibles - Summary of Changes In Carrying Amounts of Goodwill By Reportable Segments (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [LineItems]
Beginning Balance	$ 2,382
Acquisitions	11
Foreign currency translation	12
Ending Balance	2,405
Safety Services [Member]
Goodwill [LineItems]
Beginning Balance	2,201
Acquisitions	11
Foreign currency translation	12
Ending Balance	2,224
Specialty Services [Member]
Goodwill [LineItems]
Beginning Balance	181
Ending Balance	$ 181

Goodwill and Intangibles - Su_2

Goodwill and Intangibles - Summary of Identifiable Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,371	$ 2,365
Accumulated Amortization	(637)	(581)
Net Carrying Amount	$ 1,734	$ 1,784
Contractual Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Lives (in Years)	8 months 12 days	10 months 24 days
Gross Carrying Amount	$ 153	$ 153
Accumulated Amortization	(133)	(126)
Net Carrying Amount	$ 20	$ 27
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Lives (in Years)	9 years 10 months 24 days	10 years
Gross Carrying Amount	$ 1,512	$ 1,508
Accumulated Amortization	(404)	(367)
Net Carrying Amount	$ 1,108	$ 1,141
Trade Names and Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Lives (in Years)	12 years 10 months 24 days	13 years 2 months 12 days
Gross Carrying Amount	$ 706	$ 704
Accumulated Amortization	(100)	(88)
Net Carrying Amount	$ 606	$ 616

Goodwill and Intangibles - Su_3

Goodwill and Intangibles - Summary of Amortization Expense Recognized on Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Total intangible asset amortization expense	$ 55	$ 57
Cost of Revenues [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible asset amortization expense	7	3
Selling, General and Administrative Expenses [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible asset amortization expense	$ 48	$ 54

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Summary of Fair Value Measurement Assets and Liabilities Measured on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 91	$ 113
Financial assets	91	113
Financial liabilities	(4)	(4)
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	91	113
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial liabilities	(4)	(4)
Derivatives Designated as Hedge Instruments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	91	113
Derivatives Designated as Hedge Instruments [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	2	14
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	17	17
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Swaps [Member] | Net Investment Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	30	32
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Swaps [Member] | Fair Value Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	42	50
Derivatives Designated as Hedge Instruments [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	2	14
Derivatives Designated as Hedge Instruments [Member] | Fair Value, Inputs, Level 2 [Member] | Cross Currency Swaps [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	17	17
Derivatives Designated as Hedge Instruments [Member] | Fair Value, Inputs, Level 2 [Member] | Cross Currency Swaps [Member] | Net Investment Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	30	32
Derivatives Designated as Hedge Instruments [Member] | Fair Value, Inputs, Level 2 [Member] | Cross Currency Swaps [Member] | Fair Value Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	42	50
Derivatives Not Designated as Hedge Instruments [Member] | Contingent Consideration Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration obligations	(4)	(4)
Derivatives Not Designated as Hedge Instruments [Member] | Fair Value, Inputs, Level 3 [Member] | Contingent Consideration Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration obligations	$ (4)	$ (4)

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Summary of Reconciliation of Fair Value of Contingent Consideration Obligations (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2023 USD ($) Arrangement
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Balances at beginning of period	$ 4
Issuances	0
Balance at end of period	$ 4
Number of open contingent consideration arrangements at the end of the period | Arrangement	3
Maximum potential payout at the end of the period	$ 4

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate amount repaid	$ 202	$ 30
2019 Term Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate amount repaid	200
2021 Term Loan [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Aggregate amount repaid	$ 100

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Summary of Carrying And Fair Value Of Non-Variable Interest Rate Debt (Detail) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
2019 Term Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-Variable Interest Rate Debt, Carrying Value	$ 1,027	$ 1,127
Non-Variable Interest Rate Debt, Fair Value	1,025	1,120
2021 Term Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-Variable Interest Rate Debt, Carrying Value	985	1,085
Non-Variable Interest Rate Debt, Fair Value	983	1,075
Fixed Income Interest Rate [Member] | Senior Notes [Member] | 4.125% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-Variable Interest Rate Debt, Carrying Value	337	337
Non-Variable Interest Rate Debt, Fair Value	289	284
Fixed Income Interest Rate [Member] | Senior Notes [Member] | 4.750% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Non-Variable Interest Rate Debt, Carrying Value	277	277
Non-Variable Interest Rate Debt, Fair Value	$ 245	$ 243

Fair Value of Financial Instr_7

Fair Value of Financial Instruments - Summary of Carrying And Fair Value Of Non-Variable Interest Rate Debt (Parenthetical) (Detail)	1 Months Ended	3 Months Ended
	Sep. 30, 2022	Mar. 31, 2023
4.750% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit facility, interest rate	4.75%	4.75%
4.125% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit facility, interest rate	4.125%	4.125%
Fixed Income Interest Rate [Member] | Senior Notes [Member] | 4.750% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit facility, interest rate		4.75%
Fixed Income Interest Rate [Member] | Senior Notes [Member] | 4.125% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Line of credit facility, interest rate		4.125%

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Jan. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 2,307		$ 2,309
Derivative asset	91		$ 113
Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 1,120
Derivative, fixed interest rate	3.58%
2024 Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative maturity date			Oct. 31, 2024
2026 Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 720		$ 720
Derivative maturity date			Oct. 31, 2026
Derivative, fixed interest rate			3.64%
2028 Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 400
Derivative maturity date	Jan. 31, 2028
Derivative, fixed interest rate	3.46%
2028 Interest Rate Swap | Forward-starting Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 400
Foreign Currency Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other (income) expense, net	0	$ (1)
Derivatives Designated as Hedge Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	2,203		$ 2,191
Derivative asset	91		113
Derivatives Designated as Hedge Instruments [Member] | Net Investment Hedge [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Annual reduction in interest expense				$ 3
Reduction in overall effective interest rate				24%
Derivatives Designated as Hedge Instruments [Member] | Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset	2		14
Derivatives Designated as Hedge Instruments [Member] | Interest Rate Swaps [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	1,120		1,120
Derivative asset	2		14
Derivatives Designated as Hedge Instruments [Member] | 2024 Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount			720
Derivatives Designated as Hedge Instruments [Member] | Foreign Currency Contracts [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	12
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset	17		17
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | September 2030 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount				$ 94
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | September 2027 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount				26
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	120		120
Derivative asset	17		17
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedge [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	230		230	$ 230
Derivative asset	30		$ 32
Unrealized gains on AOCI before taxes	$ 26
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedge [Member] | CAD [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of hedges					$ 241
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedge [Member] | GBP [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of hedges					271
Derivatives Designated as Hedge Instruments [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedge [Member] | EUR [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of hedges					$ 209

Derivatives - Summary of Fair V

Derivatives - Summary of Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	$ 2,307	$ 2,309
Other Assets	91	113
Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	1,120
Derivatives Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	2,203	2,191
Other Assets	91	113
Derivatives Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Assets	2	14
Derivatives Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	1,120	1,120
Other Assets	$ 2	$ 14
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Assets	$ 17	$ 17
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member] | Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	120	120
Other Assets	$ 17	$ 17
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member] | Fair Value Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	$ 721	$ 721
Other Assets	$ 42	$ 50
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member] | Net Investment Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	$ 230	$ 230	$ 230
Other Assets	$ 30	$ 32
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Derivatives Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	$ 12
Derivatives Not Designated as Hedge Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	104	$ 118
Derivatives Not Designated as Hedge Instruments [Member] | Foreign Currency Forward Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Outstanding Gross Notional Amount	$ 104	$ 118

Derivatives - Summary of Effect

Derivatives - Summary of Effect of Derivatives on Consolidated Statements of Operations (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Contracts [Member] | Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income	$ (1)	$ 3
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Contracts [Member] | Net Investment Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income	$ 1	$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense	Interest Expense
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Contracts [Member] | Fair Value Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income	$ (8)	$ 6
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Investment Income	Net Investment Income
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Contracts [Member] | Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income	$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense
Derivatives Designated as Hedging Instrument [Member] | Cross Currency Contracts [Member] | Fair Value Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income	$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense
Derivatives Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Cash Flow Hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income	$ 2	$ (3)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense	Interest Expense
Derivatives Not Designated as Hedge Instruments [Member] | Foreign Currency Forward Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of income (expense) recognized in income		$ 1
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]		Net Investment Income

Derivatives - Summary of Effe_2

Derivatives - Summary of Effect of Cash Flow and Fair Value Hedge Accounting on Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flow Hedges [Member] | Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income, cash flow hedges	$ (13)	$ 20
Amount of gain (loss) reclassified from AOCI into income	$ (4)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense, net
Cash Flow Hedges [Member] | Cross Currency Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income, cash flow hedges	$ 1	(1)
Amount of gain (loss) reclassified from AOCI into income	$ 1	$ (3)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Investment income and other, net	Investment income and other, net
Fair Value Hedges [Member] | Cross Currency Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income, fair value hedges		$ (12)
Amount of gain (loss) reclassified from AOCI into income	$ 7	$ (6)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Investment income and other, net	Investment income and other, net
Net Investment Hedges [Member] | Cross Currency Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive income, net investment hedging	$ (1)	$ 3
Amount of gain (loss) reclassified from AOCI into income	$ (3)	$ 1
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Investment income and other, net	Investment income and other, net

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Components of Property and Equipment (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total cost	$ 657	$ 625
Accumulated depreciation	(245)	(218)
Property and equipment, net	412	407
Land [Member]
Property, Plant and Equipment [Line Items]
Total cost	31	30
Building [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 98	98
Property, Plant and Equipment, Useful Life	39 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 325	313
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Autos and Trucks [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 118	116
Autos and Trucks [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	4 years
Autos and Trucks [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 52	35
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 33	$ 33
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 19	$ 19

Leases - Schedule of Future Und

Leases - Schedule of Future Undiscounted Cash Flows and Reconciliation to the Lease Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Total
Operating and finance leases - current	$ 72	$ 73
Operating and finance leases - non-current	$ 155	$ 166

Debt - Summary of Debt Obligati

Debt - Summary of Debt Obligations (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Total debt obligations	$ 2,632,000,000	$ 2,832,000,000
Less: unamortized deferred financing costs	(38,000,000)	(43,000,000)
Total debt, net of deferred financing costs	2,594,000,000	2,789,000,000
Less: short-term and current portion of long-term debt	(6,000,000)	(206,000,000)
Long-term debt, less current portion	2,588,000,000	2,583,000,000
2019 Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt obligations	1,027,000,000
2021 Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt obligations	$ 985,000,000
Term Loan Facility [Member] | 2019 Term Loan [Member]
Line of Credit Facility [Line Items]
Maturity date	Oct. 01, 2026
Total debt obligations	$ 1,027,000,000	1,127,000,000
Term Loan Facility [Member] | 2021 Term Loan [Member]
Line of Credit Facility [Line Items]
Maturity date	Jan. 03, 2029
Total debt obligations	$ 985,000,000	1,085,000,000
Term Loan Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maturity date	Oct. 01, 2026
Total debt obligations	$ 0	0
4.125% Senior Notes [Member]
Line of Credit Facility [Line Items]
Maturity date	Jul. 15, 2029
Total debt obligations	$ 337,000,000	337,000,000
4.750% Senior Notes [Member]
Line of Credit Facility [Line Items]
Maturity date	Oct. 15, 2029
Total debt obligations	$ 277,000,000	277,000,000
Other Obligations [Member]
Line of Credit Facility [Line Items]
Total debt obligations	$ 6,000,000	$ 6,000,000

Debt - Summary of Debt Obliga_2

Debt - Summary of Debt Obligations (Parenthetical) (Detail)	1 Months Ended	3 Months Ended
	Sep. 30, 2022	Mar. 31, 2023
4.125% Senior Notes [Member]
Line of Credit Facility [Line Items]
Line of credit facility, interest rate	4.125%	4.125%
4.750% Senior Notes [Member]
Line of Credit Facility [Line Items]
Line of credit facility, interest rate	4.75%	4.75%

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Line of credit outstanding		$ 2,632,000,000	$ 2,832,000,000
Derivative notional amount		2,307,000,000	2,309,000,000
Acquisition of Construction Equipment and Vehicles [Member]
Short-term Debt [Line Items]
Notes payable		6,000,000	6,000,000
Interest Rate Swaps [Member]
Short-term Debt [Line Items]
Derivative notional amount		$ 1,120,000,000
Derivative, fixed interest rate		3.58%
2019 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 1,027,000,000
Repayments of debt		100,000,000
Remaining line of credit outstanding (unswapped portion)		$ 307,000,000
Line of credit facility, interest rate description		one-month LIBOR plus 250 basis points, but the rate will fluctuate as LIBOR fluctuates
2021 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 985,000,000
Repayments of debt		100,000,000
Remaining line of credit outstanding (unswapped portion)		$ 585,000,000
Line of credit facility, interest rate description		one-month LIBOR plus 275 basis points, but the rate will fluctuate as LIBOR fluctuates
4.125% Senior Notes [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 337,000,000	$ 337,000,000
Line of credit facility, interest rate	4.125%	4.125%
Maturity date		Jul. 15, 2029
Repurchase amount of senior notes	$ 13,000,000	$ 337,000,000
4.125% Senior Notes [Member] | APi Group DE, Inc [Member]
Short-term Debt [Line Items]
Line of credit outstanding				$ 350,000,000
Line of credit facility, interest rate		4.125%	4.125%	4.125%
4.750% Senior Notes [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 277,000,000	$ 277,000,000
Line of credit facility, interest rate	4.75%	4.75%
Maturity date		Oct. 15, 2029
Repurchase amount of senior notes	$ 23,000,000	$ 277,000,000
4.750% Senior Notes [Member] | APi Group DE, Inc [Member]
Short-term Debt [Line Items]
Line of credit outstanding				$ 300,000,000
Line of credit facility, interest rate		4.75%	4.75%	4.75%
Term Loan Facility [Member] | 2019 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 1,027,000,000	$ 1,127,000,000
Maturity date		Oct. 01, 2026
Secured term loan		$ 1,200,000,000
Term Loan Facility [Member] | 2019 Term Loan [Member] | Interest Rate Swaps [Member]
Short-term Debt [Line Items]
Derivative, fixed interest rate		3.64%
Term Loan Facility [Member] | 2019 Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swaps [Member]
Short-term Debt [Line Items]
Debt instrument term		4 years
Derivative notional amount		$ 720,000,000
Derivative, fixed interest rate		3.64%
Term Loan Facility [Member] | 2019 Term Loan [Member] | Base Rate [Member]
Short-term Debt [Line Items]
Debt, variable interest rate		1.50%
Term Loan Facility [Member] | 2019 Term Loan [Member] | Eurodollar [Member]
Short-term Debt [Line Items]
Debt, variable interest rate		2.50%
Term Loan Facility [Member] | 2021 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 985,000,000	1,085,000,000
Maturity date		Jan. 03, 2029
Secured term loan		$ 1,100,000,000
Term Loan Facility [Member] | 2021 Term Loan [Member] | Interest Rate Swaps [Member]
Short-term Debt [Line Items]
Derivative, fixed interest rate		3.46%
Term Loan Facility [Member] | 2021 Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Interest Rate Swaps [Member]
Short-term Debt [Line Items]
Debt instrument term		5 years
Derivative notional amount		$ 400,000,000
Derivative, fixed interest rate		3.46%
Term Loan Facility [Member] | 2021 Term Loan [Member] | Base Rate [Member]
Short-term Debt [Line Items]
Debt, variable interest rate		1.75%
Term Loan Facility [Member] | 2021 Term Loan [Member] | Eurodollar [Member]
Short-term Debt [Line Items]
Debt, variable interest rate		2.75%
Term Loan Facility [Member] | Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Line of credit outstanding		$ 0	0
Maturity date		Oct. 01, 2026
Debt instrument term		5 years
Secured term loan		$ 500,000,000
Line of credit net letters of credit outstanding		446,000,000	446,000,000
Letters of credit outstanding		$ 54,000,000	$ 54,000,000
Term Loan Facility [Member] | Revolving Credit Facility [Member] | Base Rate [Member]
Short-term Debt [Line Items]
Debt, variable interest rate		1.25%
Term Loan Facility [Member] | Revolving Credit Facility [Member] | Eurodollar [Member]
Short-term Debt [Line Items]
Debt, variable interest rate		2.25%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)		3 Months Ended
	Aug. 16, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Effective tax rate		30.60%	71.30%
U.S. Federal income tax rate		21%	21%
Deferred tax assets, valuation allowance		$ 101,000,000
Operating loss carryforwards limitations		The foreign net operating losses generally have carryback periods of three years, carryforward periods of twenty years, or are indefinite, and begin to expire in 2036.
Unrecognized tax benefits		$ 7,000,000		$ 8,000,000
Income tax penalties and interest accrued		2,000,000	$ 2,000,000
Unrecognized tax benefits that would impact effective tax rate		9,000,000
Effective income tax rate reconciliation, unrecognized tax benefits		1,000,000
Income tax interest expense		0	$ 0
Minimum tax percentage based on adjusted financial statement income	15%
Excise tax percentage on share repurchases	1%
Domestic Tax Authority [Member]
Operating loss carryforwards		0
State and Local Jurisdiction [Member]
Operating loss carryforwards		$ 21,000,000
Operating loss carryforwards limitations		The state net operating losses have carryforward periods of five to twenty years and begin to expire in 2027.
Operating loss carryforwards expiration year		2027
State and Local Jurisdiction [Member] | Minimum [Member]
Operating loss carryforwards, carryforward term		5 years
State and Local Jurisdiction [Member] | Maximum [Member]
Operating loss carryforwards, carryforward term		20 years
Foreign Tax Authority [Member]
Operating loss carryforwards		$ 105,000,000
Operating loss carryforwards, carryforward term		20 years
Operating loss carryforwards expiration year		2036
Operating loss carryback term		3 years

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
ESPP [Member]
Multiemployer Plans [Line Items]
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent	85%
Maximum number of shares purchased in offering period	500
Maximum value of common stock purchased during period under ESPP	$ 10,000
Expense related to ESPP	2	$ 1
Multiemployer Pension And Other Multiemployer Benefit Plans And Trusts [Member]
Multiemployer Plans [Line Items]
Multiemployer Plan Contributions	23	24
Profit Sharing Plan [Member]
Multiemployer Plans [Line Items]
Expense recognized	$ 5	$ 3

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Pension Benefit (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 1	$ 2
Interest cost	15	9
Expected return on plan assets	(18)	(20)
Net periodic pension benefit	$ (2)	$ (9)

Pension - Additional Informatio

Pension - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined benefit pension plans contributions	$ 1	$ 27

Pension - Components of Net Per

Pension - Components of Net Periodic Pension Benefit (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 1	$ 2
Interest cost	15	9
Expected return on plan assets	(18)	(20)
Net periodic pension benefit	$ (2)	$ (9)

Other Noncurrent Liabilities -

Other Noncurrent Liabilities - Summary of Other Noncurrent Liabilities (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Other Liabilities, Noncurrent [Abstract]
Total other noncurrent liabilities	$ 126	$ 111

Other Noncurrent Liabilities _2

Other Noncurrent Liabilities - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Other Liabilities, Noncurrent [Abstract]
Other noncurrent liabilities	$ 126	$ 111

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Dividends declared in common shares				584,584
Royal Oak Enterprises [Member]
Related Party Transaction [Line Items]
Net revenues from related party		$ 2
Accounts receivable from related party		$ 4
Series B Preferred Stock [Member]
Related Party Transaction [Line Items]
Number of shares sold		800,000		800,000
Aggregate purchase price		$ 800		$ 800
Preferred stock, dividend percentage		5.50%		5.50%
Preferred stock, par value		$ 0.0001		$ 0.0001
Series B Preferred Stock [Member] | Viking Purchasers [Member]
Related Party Transaction [Line Items]
Dividends declared in common shares		124,573	129,867
Number of shares sold		200,000
Series B Preferred Stock [Member] | Viking Purchasers [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Percentage of outstanding stock owned by related party under agreement		5%
Mariposa Acquisition I V L L C [Member]
Related Party Transaction [Line Items]
Advisory services fees payable		$ 1	$ 1
Preferred Stock [Member] | Mariposa Acquisition I V L L C [Member]
Related Party Transaction [Line Items]
Dividends declared in common shares	7,539,697

Commitments and Contingencies (

Commitments and Contingencies (Additional Information) (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Outstanding liability for environmental obligation including asset retirement obligations	$ 18	$ 16
Environmental Loss Contingency, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Component of AOCI, Net of Tax (Detail) $ in Millions	Mar. 31, 2023 USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (267)
Ending Balance	$ (266)

Shareholders' Equity and Rede_2

Shareholders' Equity and Redeemable Convertible Preferred Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Class of Stock [Line Items]
Number of shares authorized to repurchase		250,000,000
Stock repurchase program expiration date		Feb. 29, 2024
Repurchases of common stock, shares		541,316	531,431
Repurchases of common stock, value		$ 12	$ 11
Stock repurchase program, remaining authorized amount		$ 195
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock issued	4,000,000	4,000,000		4,000,000
Preferred shares outstanding	4,000,000	4,000,000		4,000,000
Preferred shares conversion description		The Series A Preferred Stock will be automatically converted into shares of common stock on a one-for-one basis on the last day of 2026.
Preferred shares convertible into common share, number of shares		1
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock issued	800,000	800,000		800,000
Preferred shares outstanding	800,000	800,000		800,000
Number of shares issued and sold		800,000		800,000
Aggregate purchase price		$ 800		$ 800
Percentage of annual dividend rate		5.50%		5.50%
Liquidation preference per share		$ 24.60
Dividends issued as shares, value	$ 11	$ 11	$ 11
Preferred share dividend	584,584	498,293	519,469
Preferred stock, par value	$ 0.0001	$ 0.0001		$ 0.0001
Weighted average price of common stock		$ 36.90

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-based compensation expense	$ 5	$ 3

Earnings Per Share - Summary of

Earnings Per Share - Summary of Computation Earnings Per Common Share Using Two Class Method (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 26	$ (7)
Less stock dividend attributable to Series B Preferred Stock	(11)	(11)
Net income (loss) attributable to common shareholders	$ 12	$ (18)
Weighted average shares outstanding - basic	234,386,758	232,237,099
Income (loss) per common share - basic	$ 0.05	$ (0.08)
Diluted earnings (loss) per common share:
Net income (loss)	$ 26	$ (7)
Less stock dividend attributable to Series B Preferred Stock	(11)	(11)
Net income (loss) attributable to common shareholders - diluted	$ 14	$ (18)
Weighted average shares outstanding - basic	234,386,758	232,237,099
Dilutive securities:
Restricted stock units, warrants, and stock options	265,515
Shares issuable upon conversion of Series B Preferred Shares	32,520,000
Weighted average shares outstanding - diluted	267,172,273	232,237,099
Income (loss) per common share - diluted	$ 0.05	$ (0.08)
Series A Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Less income attributable to Preferred Stock	$ (1)
Diluted earnings (loss) per common share:
Less income attributable to Preferred Stock	(1)
Series B Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Less income attributable to Preferred Stock	(2)
Diluted earnings (loss) per common share:
Less income attributable to Preferred Stock	$ (2)

Earnings Per Share - Summary _2

Earnings Per Share - Summary of Computation Earnings Per Common Share Using Two Class Method (Parenthetical) (Detail) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Series A Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Calculation of Diluted Earnings Per Share	4,000,000	4,000,000
Series B Preferred Shares [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Calculation of Diluted Earnings Per Share		800,000
Convertible to common shares		32,520,000
Employee Stock Option [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Calculation of Diluted Earnings Per Share		162,500
Time-based and Performance-based Restricted Stock Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Calculation of Diluted Earnings Per Share		2,378,318

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023 Segment Country
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2
Number of countries in which entity operates | Country	20

Segment Information - Summary o

Segment Information - Summary of Reconciliation Operating Income to EBITDA (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	$ 1,614	$ 1,471
EBITDA Reconciliation
Operating income (loss)	73	(7)
Plus:
Investment income and other, net	2
Non-service pension benefit	3	11
Loss on extinguishment of debt, net	(3)
Depreciation	19	19
Amortization	55	57
EBITDA	149	80
Total assets	7,766	8,142	$ 8,091
Capital expenditures	21	12
Safety Services [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	1,191	1,074
EBITDA Reconciliation
Operating income (loss)	96	63
Plus:
Non-service pension benefit	3	11
Depreciation	6	7
Amortization	41	42
EBITDA	146	123
Total assets	6,001	6,423
Capital expenditures	5	6
Specialty Services [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	430	412
EBITDA Reconciliation
Operating income (loss)		(7)
Plus:
Investment income and other, net	2	1
Depreciation	12	12
Amortization	13	14
EBITDA	27	20
Total assets	1,247	1,254
Capital expenditures	15	6
Corporate and Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	(7)	(15)
EBITDA Reconciliation
Operating income (loss)	(23)	(63)
Plus:
Investment income and other, net		(1)
Loss on extinguishment of debt, net	(3)
Depreciation	1
Amortization	1	1
EBITDA	(24)	(63)
Total assets	518	$ 465
Capital expenditures	$ 1