APi (APG) 10-Q 12 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 05, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
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	Non-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
Trading Symbol	APG
Security Exchange Name	NYSE
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		201,282,227
Document Quarterly Report	true
Document Transition Report	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 745	$ 515
Accounts receivable, net of allowances of $4 and $4 at March 31, 2021 and December 31, 2020, respectively	595	639
Inventories	66	64
Contract assets	152	142
Prepaid expenses and other current assets	75	77
Total current assets	1,633	1,437
Property and equipment, net	353	355
Operating lease right of use assets	106	107
Goodwill	1,077	1,082
Intangible assets, net	931	965
Deferred tax assets	89	89
Other assets	29	30
Total assets	4,218	4,065
Current liabilities:
Short-term and current portion of long-term debt	18	18
Accounts payable	167	150
Contingent consideration and compensation liabilities	34	41
Accrued salaries and wages	124	182
Deferred consideration	69	67
Other accrued liabilities	103	133
Contract liabilities	221	219
Operating and finance leases	45	31
Total current liabilities	781	841
Long-term debt, less current portion	1,394	1,397
Contingent consideration and compensation liabilities	25	22
Operating and finance leases	81	96
Deferred tax liabilities	43	45
Other noncurrent liabilities	103	106
Total liabilities	2,427	2,507
Shareholders’ equity:
Preferred Shares, $0.0001 par value, 7 authorized shares, 4 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively
Common shares, $0.0001 par value, 500 authorized shares, 201 shares and 168 shares issued at March 31, 2021 and December 31, 2020, respectively (includes 12 shares declared for stock dividend at December 31, 2020)
Additional paid-in capital	2,102	1,856
Accumulated deficit	(292)	(284)
Accumulated other comprehensive income (loss)	(19)	(14)
Total shareholders’ equity	1,791	1,558
Total liabilities and shareholders’ equity	$ 4,218	$ 4,065

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2021
Statement Of Financial Position [Abstract]
Accounts receivable net of allowances	$ 4	$ 4
Preferred stock no par value	$ 0.0001	$ 0.0001
Preferred Shares authorized	7,000,000	7,000,000
Preferred Shares issued	4,000,000	4,000,000
Preferred Shares outstanding	4,000,000	4,000,000
Common stock no par value	$ 0.0001	$ 0.0001
Common shares authorized	500,000,000	500,000,000
Common shares issued	168,000,000	201,000,000
Dividends declared in common shares	12,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net revenues	$ 803	$ 858
Cost of revenues	622	696
Gross profit	181	162
Selling, general, and administrative expenses	183	188
Impairment of goodwill and intangible assets		208
Operating loss	(2)	(234)
Interest expense, net	15	14
Investment income and other, net	(3)	(3)
Other expense, net	12	11
Loss before income taxes	(14)	(245)
Income tax benefit	(6)	(51)
Net loss	$ (8)	$ (194)
Net loss per common share:
Basic	$ (0.04)	$ (1.14)
Diluted	$ (0.04)	$ (1.14)
Weighted average shares outstanding:
Basic	192	170
Diluted	192	170

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (8)	$ (194)
Other comprehensive loss:
Fair value change - derivatives, net of tax (expense) benefit ($0 and $9, respectively)	(1)	(27)
Foreign currency translation adjustment	(4)	(6)
Comprehensive loss	$ (13)	$ (227)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Tax (expense) benefit	$ 0	$ 9

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2019	$ 1,757			$ 1,885	$ (131)	$ 3
Beginning balance (shares) at Dec. 31, 2019		4,000,000	169,902,260
Net loss	(194)				(194)
Fair value change - derivatives	(27)					(27)
Foreign currency translation adjustment	(6)					(6)
Share cancellations	(6)			(6)
Share cancellations (shares)			(608,016)
Share-based compensation and other, net	1			1
Ending balance at Mar. 31, 2020	1,525			1,880	(325)	(30)
Ending balance (shares) at Mar. 31, 2020		4,000,000	169,294,244
Beginning balance at Dec. 31, 2020	1,558			1,856	(284)	(14)
Beginning balance (shares) at Dec. 31, 2020		4,000,000	168,052,024
Net loss	(8)				(8)
Fair value change - derivatives	(1)					(1)
Foreign currency translation adjustment	(4)					(4)
Preferred Share dividend			12,447,912
Warrants exercised	230			230
Warrants exercised (shares)			19,994,203
Profit sharing plan contributions	13			13
Profit sharing plan contributions (shares)			630,109
Share-based compensation and other, net	3			3
Share-based compensation and other, net (shares)			157,979
Ending balance at Mar. 31, 2021	$ 1,791			$ 2,102	$ (292)	$ (19)
Ending balance (shares) at Mar. 31, 2021		4,000,000	201,282,227

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (8)	$ (194)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	19	18
Amortization	31	52
Impairment of goodwill and intangible assets		208
Deferred taxes		(53)
Share-based compensation expense	3	1
Profit-sharing expense	3	3
Non-cash lease expense	8	7
Other, net	2	(2)
Changes in operating assets and liabilities, net of effects of business acquisitions:
Accounts receivable	44	63
Contract assets	(11)	(7)
Inventories	(2)	(2)
Prepaid expenses and other current assets	5	9
Accounts payable	17	(4)
Accrued liabilities and income taxes payable	(71)	(59)
Contract liabilities	2	14
Other assets and liabilities	(10)	1
Net cash provided by operating activities	32	55
Cash flows from investing activities:
Acquisitions, net of cash acquired	(7)	(5)
Purchases of property and equipment	(18)	(11)
Proceeds from disposals of property, equipment, held for sale assets and businesses	2	1
Net cash used in investing activities	(23)	(15)
Cash flows from financing activities:
Net short-term debt		200
Proceeds from long-term borrowings		1
Payments on long-term borrowings	(6)	(6)
Proceeds from warrant exercises	230
Payments of acquisition-related consideration		(56)
Restricted shares tendered for taxes	(1)
Net cash provided by financing activities	223	139
Effect of foreign currency exchange rate change on cash and cash equivalents	1	1
Net increase in cash and cash equivalents	233	180
Cash, cash equivalents, and restricted cash beginning of period	515	256	$ 256
Cash, cash equivalents, and restricted cash, end of period	748	436	$ 515
Supplemental cash flow disclosures:
Cash paid for interest	12	13
Cash paid for income taxes, net of refunds	$ 2	$ 8

Nature of Business

Nature of Business	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Business	Note 1. Nature of Business APi Group Corporation (the “Company” or “APG”) is a market-leading business services provider of safety, specialty, and industrial services in over 200 locations, primarily in North America and Europe.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Note 2. Basis of Presentation and Significant Accounting Policies 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 accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. The unaudited condensed consolidated balance sheet as of December 31, 2020 was derived from audited financial statements for the year then ended, but does 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, 2020. 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 and cash equivalents include cash on hand and highly liquid investments that have a maturity of three months or less when purchased. Restricted cash reflects collateral against certain bank guarantees. Restricted cash is reported as prepaid expenses and other current assets in the unaudited condensed consolidated balance sheets. 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 ventures was $1 and $2 during the three months ended March 31, 2021 and 2020, respectively. The earnings are recorded within investment income and other, net in the unaudited condensed consolidated statements of operations. The investment balances were $9 and $9 as of March 31, 2021 and December 31, 2020, respectively, and are recorded within other assets in the unaudited condensed consolidated balance sheets.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	Note 3. See the recent accounting pronouncements discussion below for information pertaining to the effects of recently adopted and other recent accounting pronouncements as updated from the discussion in the Company’s 2020 audited consolidated financial statements included in Form 10-K filed on March 24, 2021. Accounting Standards Issued and Adopted: In January 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Business Combinations	Note 4. The Company continually evaluates potential acquisitions that strategically fit within 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 as determined based on estimates and assumptions deemed reasonable by the Company. The 2021 Acquisitions During 2021, the Company completed several immaterial acquisitions for consideration transferred of $7, primarily made up of cash paid at closing. The results of operations of these acquisitions are included in the Company’s unaudited condensed consolidated statement of operations from their respective dates of acquisition and were not material. 2020 Acquisitions During 2020, the Company completed the acquisition of SK FireSafety (“SKG”) within the Safety Services segment and a number of other immaterial acquisitions for consideration transferred of $324, which includes a cash payment made at closing of $319, net of cash acquired, and $5 of deferred consideration that may be paid out in 1-2 years. SKG is a European market-leading provider of commercial safety services with operations primarily in the Netherlands, Belgium, Sweden, Norway, and the United Kingdom. On October 1, 2020, the Company completed the SKG Acquisition and acquired all of the outstanding stock. Through the acquisition of SKG, APG established a European platform for international organic and acquisition expansion. The other acquisitions were primarily in the Safety Services segment and based in the United States. The Company has not The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition: Cash paid at closing $ 329 Deferred consideration 5 Total consideration $ 334 Cash $ 10 Other current assets 76 Property and equipment 12 Customer relationships 71 Trade names and trademarks 15 Contractual backlog 1 Goodwill 223 Other noncurrent assets 14 Current liabilities (54 ) Noncurrent liabilities (34 ) Net assets acquired $ 334 The purchase agreements related to the Company’s previously completed acquisitions typically included deferred payment provisions to the former owners who became employees of the Company. The provisions are made up of two general types of arrangements, contingent compensation and contingent consideration, both of which are contingent on the future performance of the acquired entity. Compensation arrangements are contingent on the former owner’s future employment with the Company. The expense related to contingent compensation arrangements is 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. Both the compensation type and contingent type consideration arrangements are typically paid over a three to five year period. The total contingent compensation arrangement liability was $39 at March 31, 2021 and December 31, 2020. The maximum payout of these arrangements upon completion of the future performance periods is $62 and $85, inclusive of the $39 accrued as of March 31, 2021 and December 31, 2020, respectively. The contingent compensation liability is included in contingent consideration and compensation liabilities 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. For one of the Company’s contingent compensation arrangements, the liability is determined based on the Monte Carlo Simulation method. Compensation expense associated with these arrangements is recognized ratably over the required employment period.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2021
Revenues [Abstract]
Revenue	Note 5. Revenue Under ASC 606, Revenue from Contracts with Customers (“ASC 606”) Contracts with Customers: The Company derives revenue primarily from Safety Services, Specialty Services and Industrial Services 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. The Company also enters into fixed price service contracts related to monitoring, maintenance and inspection of safety systems. The Company may utilize subcontractors in the fulfillment of its performance obligations. When doing so, the Company is considered the principal in these transactions and revenue is recognized on a gross basis. Revenue for fixed price agreements is generally recognized over time using the cost-to-cost method of accounting, which measures progress based on the cost incurred relative to total expected cost in satisfying the performance obligation. The cost-to-cost method is used as it best depicts the continuous transfer of control of goods or services to the customer. Costs incurred include direct materials, labor and subcontract costs, and indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs and depreciation costs. These contract costs are included in the results of operations under cost of revenues. Labor costs are considered to be incurred as the work is performed. Subcontractor labor is recognized as the work is performed. Revenue from time and material contracts is recognized as the services are provided and is equal to the sum of the contract costs incurred plus an agreed upon markup. Revenue earned from distribution contracts is recognized upon shipment or performance of the service. The cost estimation process for recognizing revenue over time under the cost-to-cost method is based on the professional knowledge and experience of the Company’s project managers, engineers and financial professionals. Management reviews estimates of total contract transaction price and total project costs on an ongoing basis. Changes in job performance, job conditions, and management’s assessment of expected variable consideration are factors that influence estimates of the total contract transaction price, total costs to complete those contracts, and the Company’s profit recognition. Changes in these factors could result in cumulative revisions to revenue in the period in which the revisions are determined, which could materially affect the Company’s consolidated results of operations for that period. Provisions for estimated losses on uncompleted contracts are recorded in the period in which such estimated losses are determined. The Company disaggregates its revenue primarily by segment, service type, and country from which revenue is invoiced, as the nature, timing and uncertainty of cash flows are relatively consistent within each of these categories. Disaggregated revenue information is as follows: Three Months Ended March 31, 2021 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Life Safety $ 368 $ — $ — $ — $ 368 Heating, Ventilation and Air Conditioning ("HVAC") 98 — — — 98 Infrastructure/Utility — 140 — — 140 Fabrication — 82 — — 82 Specialty Contracting — 99 — — 99 Transmission — — 22 — 22 Civil — — 3 — 3 Corporate and Eliminations — — — (9 ) (9 ) Net revenues $ 466 $ 321 $ 25 $ (9 ) $ 803 Three Months Ended March 31, 2020 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Life Safety $ 343 $ — $ — $ — $ 343 HVAC 81 — — — 81 Infrastructure/Utility — 170 — — 170 Fabrication — 38 — — 38 Specialty Contracting — 92 — — 92 Transmission — — 93 — 93 Civil — — 7 — 7 Inspection — — 37 — 37 Corporate and Eliminations — — — (3 ) (3 ) Net revenues $ 424 $ 300 $ 137 $ (3 ) $ 858 Three Months Ended March 31, 2021 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated United States $ 383 $ 321 $ 21 $ (9 ) $ 716 Canada and Europe 83 — 4 — 87 Net revenues $ 466 $ 321 $ 25 $ (9 ) $ 803 Three Months Ended March 31, 2020 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated United States $ 376 $ 300 $ 131 $ (3 ) $ 804 Canada and Europe 48 — 6 — 54 Net revenues $ 424 $ 300 $ 137 $ (3 ) $ 858 The Company’s contracts with its customers generally require significant services to integrate complex activities and equipment into a single deliverable and are, therefore, generally accounted for as a single performance obligation to provide a single contracted service for the duration of the project. For contracts with multiple performance obligations, the transaction price of a contract is allocated to each performance obligation and recognized as revenue when or as the performance obligation is satisfied using the estimated stand-alone selling price of each distinct good or service. The stand-alone selling price is estimated using the expected cost plus a margin approach for each performance obligation. The aggregate amount of transaction price allocated to the performance obligations that are unsatisfied as of March 31, 2021, was $1,530. When more than one contract is entered into with a customer on or close to the same date, management evaluates whether those contracts should be combined and accounted for as a single contract as well as whether those contracts should be accounted for as one, or more than one, performance obligation. This evaluation requires significant judgment and is based on the facts and circumstances of the various contracts. Contracts are often modified through change orders to account for changes in the scope and price of the goods or services being provided. Although the Company evaluates each change order to determine whether such modification creates a separate performance obligation, the majority of change orders are for goods or services not distinct within the context of the original contract and, therefore, not treated as separate performance obligations but rather as a modification of the existing contract and performance obligation. Variable consideration: Transaction prices for customer contracts may include variable consideration, which comprises items such as early completion bonuses and liquidated damages provisions. Management estimates variable consideration for a performance obligation utilizing estimation methods believed to best predict the amount of consideration to which the Company will be entitled. Variable consideration is included in the transaction price only to the extent it is probable, in the Company’s judgment, a significant future reversal in the amount of cumulative revenue recognized under the contract will not occur when the uncertainty associated with the variable consideration is subsequently resolved. Changes in the estimates of transaction prices are recognized in revenue on a cumulative catch-up basis in the period in which the revisions to the estimates are made. Such changes in estimates may also result in the reversal of previously recognized revenue if the ultimate outcome differs from the Company’s previous estimate. For the three months ended March 31, 2021 and 2020, there were no significant reversals of revenue recognized associated with the revision of transaction prices. The Company typically does not incur any returns, refunds or similar obligations after the completion of the performance obligation since any deficiencies are corrected during the course of performance. Contract Assets and Liabilities: The Company typically invoices customers with payment terms of net due in 30 days. It is also common for contracts in the Company’s industries to specify a general contractor is not required to submit payments to a subcontractor until it has received those funds from the owner or funding source. In most instances, the Company receives payment of invoices between 30 to 90 days of the date of the invoice. The timing of revenue recognition may differ from the timing of invoicing to customers. Contract assets include unbilled amounts from the Company’s projects when revenues recognized under the cost-to-cost measure of progress exceed the amounts invoiced to the Company’s customers, as the amounts cannot be billed under the terms of the Company’s contracts. In addition, many of the Company’s time and material arrangements are billed in arrears pursuant to contract terms, resulting in contract assets being recorded as revenue is recognized in advance of billings. The Company utilizes the practical expedient under ASC 606 and does not adjust for a significant financing component if the time between payment and the transfer of the related good or service is expected to be one year or less. The Company’s revenue arrangements are typically accounted for under such expedient as payments are within one year of performance for the Company’s services. As of March 31, 2021, none of the Company’s contracts contained a significant financing component. Contract liabilities from the Company’s contracts arise when amounts invoiced to the Company’s customers exceed revenues recognized under the cost-to-cost measure of progress. Contract liabilities also include advance payments from the Company’s customers on certain contracts. Contract liabilities decrease as the Company recognizes revenue from the satisfaction of the related performance obligation. Contract assets and liabilities are classified as current in the unaudited condensed consolidated balance sheets as all amounts are expected to be relieved within one year. The opening and closing balances of accounts receivable, net of allowances, contract assets and contract liabilities from contracts with customers as of March 31, 2021 and December 31, 2020 are as follows: Accounts receivable, net of allowances Contract Assets Contract Liabilities Balance as of March 31, 2021 $ 595 $ 152 $ 221 Balance as of December 31, 2020 $ 639 $ 142 $ 219 The Company did not recognize significant revenue associated with the final settlement of contract value for any projects that were 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, 2021 and December 31, 2020, retentions receivable were $110 and $122, respectively, while the portions that may not be received within one year were $20 and $26, respectively. There were no other significant changes due to business acquisitions or significant changes in estimates of contract progress or transaction price. There was no significant impairment of contract assets recognized during the period. Costs to Obtain or Fulfill a Contract: The Company generally does not incur significant incremental costs related to obtaining or fulfilling a contract prior to the start of a project. The Company may incur certain fulfilment costs such as initial design or mobilization costs which are capitalized if: (i) they relate directly to the contract; (ii) are expected to generate resources that will be used to satisfy the Company’s performance obligation under the contract; and (iii) are expected to be recovered through revenue generated under the contract. Such costs, which are amortized over the life of the respective project, were not material for any period presented.

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Note 6. Goodwill and Intangibles Goodwill: The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2021 are as follows: Safety Services Specialty Services Industrial Services Total Goodwill Goodwill as of December 31, 2020 $ 906 $ 172 $ 4 $ 1,082 Acquisitions 2 5 — 7 Measurement period adjustments and other (1) (11 ) (1 ) — (12 ) Goodwill as of March 31, 2021 $ 897 $ 176 $ 4 $ 1,077 (1) Measurement period adjustments related to the purchase accounting for SKG and finalization of certain immaterial acquisitions in 2020 (see Note 4 – “Business Combinations”). Other includes fluctuations due to foreign currency translation. During 2020, while the Company’s services were largely deemed essential under various governmental orders, the Company did experience negative impacts from COVID-19 on its operations including impacts from the Company’s suppliers, other vendors, and customer base. In addition to the impacts of COVID-19, the Company was also impacted by a significant decline in demand and volatility in oil prices as some of the Company’s services involve work within the energy industry. As a result of these factors and the significant decline in the Company’s market capitalization during the first quarter 2020, the Company concluded an impairment triggering event had occurred for all of its reporting units and performed impairment tests for its goodwill and recoverability tests for its long-lived assets, which primarily include finite-lived intangible assets, property and equipment and right of use lease assets. As of March 31, 2020, based on preliminary carrying values from the October 1, 2019 acquisition of APi Group, Inc. (“APi Acquisition”), the Company determined goodwill was impaired as the preliminary carrying values of some reporting units exceeded fair values. The Company recorded an impairment charge to goodwill of $203 based on preliminary carrying values and during the third quarter of 2020 when purchase accounting was finalized, the impairment charge was finalized at $197. As of March 31, 2021, the Company has recorded accumulated goodwill impairment charges of $193, including $83 in the Safety Services segment, $52 in the Specialty Services segment, and $58 in the Industrial Services segment. Intangibles: The Company has the following identifiable intangible assets as of March 31, 2021 and December 31, 2020: March 31, 2021 Weighted Average Remaining Useful Lives (in Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangibles: Contractual backlog 1.4 $ 101 $ (93 ) $ 8 Customer relationships 6.7 825 (149 ) 676 Trade names 13.5 275 (28 ) 247 Total $ 1,201 $ (270 ) $ 931 December 31, 2020 Weighted Average Remaining Useful Lives (in Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangibles: Contractual backlog 1.6 $ 101 $ (92 ) $ 9 Customer relationships 7.0 823 (119 ) 704 Trade names 13.8 274 (22 ) 252 Total $ 1,198 $ (233 ) $ 965 Amortization expense recognized on intangibles was as follows: Three Months Ended March 31, 2021 2020 Cost of revenues $ 1 $ 22 Selling, general, and administrative expense 30 30 Total intangible asset amortization expense $ 31 $ 52 During the first quarter 2020, the Company concluded an impairment triggering event had occurred. As of March 31, 2020, the Company reviewed its long-lived assets for impairment and recorded a $5 preliminary impairment charge related to the intangible assets that were part of a business classified as held for sale. The impairment was based on preliminary carrying values from the APi Acquisition which were later finalized in the third quarter of 2020, and as a result the final impairment charge related to intangible assets was adjusted to $0. During the year ended December 31, 2020, the Company finalized the fair value of goodwill and intangible assets related to the APi Acquisition. The measurement period adjustments recorded during the year ended December 31, 2020 resulted in a cumulative reversal to amortization expense earlier in the year. If the final intangible assets fair values had been known at the date of the APi Acquisition, amortization expense would have decreased by $5 for the three months ended March 31, 2020 to $47.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2021
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 carrying values of long-term debt, including current portions, approximate their fair values because of the variable interest rates of these instruments, which generally are reset monthly. 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 reporting entity’s own assumptions. Recurring Fair Value Measurements: The Company’s financial assets and liabilities (adjusted to fair value at least quarterly) are derivative instruments which are primarily included in other noncurrent liabilities, and contingent consideration which is primarily included in contingent consideration and compensation liabilities in the unaudited condensed consolidated balance sheets. 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, 2021 and December 31, 2020: Fair Value Measurements at March 31, 2021 Assets (liabilities) Level 1 Level 2 Level 3 Total Derivatives designated as effective hedges Interest rate swaps $ — $ (25 ) $ — $ (25 ) Cross currency swaps — (3 ) — (3 ) Foreign currency contracts — (3 ) — (3 ) Contingent consideration obligations — — (7 ) (7 ) $ — $ (31 ) $ (7 ) $ (38 ) Fair Value Measurements at December 31, 2020 Assets (liabilities) Level 1 Level 2 Level 3 Total Derivatives designated as effective hedges Interest rate swaps $ — $ (35 ) $ — $ (35 ) Derivatives not designated as effective hedges Foreign currency contracts — (9 ) — (9 ) Contingent consideration obligations — — (7 ) (7 ) $ — $ (44 ) $ (7 ) $ (51 ) The Company determines the fair value of its interest rate swaps (“Derivatives”) 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. 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, etc.) 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 probability 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 March 31, 2021 Balance as of December 31, 2020 $ 7 Issuances — Settlements — Adjustments to fair value — Balance as of March 31, 2021 $ 7 Number of open contingent consideration arrangements at the end of period 3 Maximum potential payout at end of period $ 7 At March 31, 2021, 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, 2021.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives	Note 8. Derivatives From time to time, the Company enters into derivative transactions to hedge its exposures to interest rate and foreign currency rate fluctuations. The Company does not enter into derivative transactions for trading purposes. Interest Rate Swaps The Company manages its fixed and floating rate debt mix using interest rate swaps. Interest rate swap contracts are used by the Company to separate interest rate risk management from the debt funding decision. The cash paid and received from the settlement of interest rate swaps is included in interest expense in the unaudited condensed consolidated statement of operations. At March 31, 2021, the Company had a $720 notional amount interest rate swap that fixes the London Interbank Offering Rate (“LIBOR”) at 1.62%. This interest rate swap is designated as a cash flow hedge of the interest rate risk attributable to the Company’s forecasted variable interest payments and has a maturity date of October 2024. The fair value of the interest rate swap designated as an effective hedge was a liability of $25 as of March 31, 2021 and a liability of $35 as of December 31, 2020. The decrease in the liability was primarily driven by changes in the applicable forward yield curves related to the LIBOR. The Company is not party to any derivatives that require collateral to be posted prior to settlement. Foreign Currency Contracts The Company used foreign currency contracts, primarily forward foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At March 31, 2021, the Company had no foreign currency contracts outstanding that are not designated as effective hedges for accounting purposes. Fair market value gains or losses were included in the results of operations and are classified in other (income) expense, net in the Company’s unaudited condensed consolidated statement of operations. As of December 31, 2020 foreign currency contracts carried a liability balance of $9 and an asset balance of less than $1. The Company recognized income of $1 and $0 in other (income) expense, net, during the three months ended March 31, 2021 and 2020, respectively, related to derivatives that are not designated as hedging instruments. Cash Flow Hedging Currency exchange contracts utilized to maintain the functional currency value of expected financial transactions denominated in foreign currencies are designated as cash flow hedges. Gains and losses related to changes in the market value of these contracts are reported as a component of accumulated other comprehensive income (loss) (“AOCI”) within shareholders’ equity in the unaudited condensed consolidated balance sheets and reclassified to earnings in the same line item in the unaudited condensed consolidated statements of operations and in the same period as the recognition of the underlying hedged transaction. 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 the first quarter 2021, the Company entered into cross-currency swaps with gross notional U.S. dollar equivalent amount of $120. The fair value of the cross-currency swaps was a liability of $3 as of March 31, 2021. Net Investment Hedge The Company has net investments in foreign subsidiaries subject to changes in foreign currency exchange rates. During the first quarter 2021, the Company entered into a $230 notional cross currency swap designated

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020 are as follows: Estimated Useful Lives (In Years) March 31, 2021 December 31, 2020 Land N/A $ 26 $ 26 Building 39 82 76 Machinery and equipment 2-20 225 217 Autos and trucks 5-10 94 92 Office equipment 3-7 23 24 Leasehold improvements 1-15 15 14 Total cost 465 449 Accumulated depreciation (112 ) (94 ) Property and equipment, net $ 353 $ 355 Depreciation expense related to property and equipment, including capital leases, was $19 and $18 during the three months ended March 31, 2021 and 2020, respectively. Depreciation expense is included within cost of revenues and selling, general and administrative expenses in the unaudited condensed consolidated statements of operations. During the second quarter of 2020, the Company finalized the fair values of property and equipment acquired in the APi Acquisition. These measurement period adjustments resulted in a cumulative adjustment to

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt	Note 10. Debt Debt obligations consist of the following: Maturity Date March 31, 2021 December 31, 2020 Term Loan Facility Revolving Credit Facility October 1, 2024 $ — $ — 2019 Term Loan October 1, 2026 1,185 1,188 2020 Term Loan October 1, 2026 249 250 Other Obligations 5 5 Total debt obligations 1,439 1,443 Less: unamortized deferred financing costs (27 ) (28 ) Total debt, net of deferred financing costs 1,412 1,415 Less: short-term and current portion of long-term debt (18 ) (18 ) Long-term debt $ 1,394 $ 1,397 As of March 31, 2021, there was $1.2 billion of principal outstanding under the 2019 Term Loan. As of March 31, 2021, the Company had a 5-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 1.62% per annum. Accordingly, the Company’s fixed interest rate per annum on the swapped $720 notional value of the 2019 Term Loan is 4.12% through its maturity. The remaining $465 of our 2019 Term Loan balance is bearing interest at 2.61% per annum based on one-month LIBOR plus 250 basis points. The Company’s 2020 Term Loan balance was $249 bearing interest at 2.86% per annum based on one-month LIBOR plus 275 basis points. In addition, during the first quarter 2021, the Company entered into a cross currency interest rate swap with a notional value of $230. The swap reduces the Company’s interest expense by approximately $3 annually and reduces its overall effective interest rate by approximately 20 basis points. The interest rate applicable to borrowings under the $300 million 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%. At March 31, 2021 and December 31, 2020, the Company had no amounts As of March 31, 2021 and December 31, 2020, the Company was in compliance with all applicable debt covenants. As of March 31, 2021 and December 31, 2020, the Company had $5 in notes outstanding for the acquisition of equipment and vehicles.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
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 earnings and losses by tax jurisdiction, foreign income tax rate differentials and discrete items. The Company’s effective tax rate was 42.3% and 20.9% for the three months ended March 31, 2021 and 2020, respectively. The difference between the effective tax rate and the statutory U.S. federal income tax rate of 21.0% for the three months ended March 31, 2021 is due to nondeductible permanent items, state taxes and taxes on foreign earnings in jurisdictions that have higher tax rates. As of March 31, 2021, the Company’s deferred tax assets included a valuation allowance of $4 primarily related to certain deferred tax assets of the Company’s foreign subsidiaries and a capital loss carryforward in the U.S. 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, 2021, the Company had gross federal, state and foreign net operating loss carryforwards of approximately $0 The Company’s liability for unrecognized tax benefits is recorded within other noncurrent liabilities in the unaudited condensed consolidated balance sheets and recognizes interest and penalties accrued related to unrecognized tax benefits in the provision for income taxes in the income statement. As of March 31, 2021 and December 31, 2020, the total gross unrecognized tax benefits were $3 and $2, respectively. The Company had accrued gross interest and penalties as of March 31, 2021 and December 31, 2020 of $1 and $1, respectively. During the three months ended March 31, 2021 and 2020, the Company recognized net interest expense of less than $1 for all periods. If all of the Company’s unrecognized tax benefits as of March 31, 2021 were recognized, $3 would impact the Company’s effective tax rate. The Company expects $2 of unrecognized tax benefits to expire in the next twelve months due to lapses in the statute of limitations. As of March 31, 2021, with few immaterial exceptions, neither the Company nor its subsidiaries are subject to examination prior to tax year 2014. The Company’s consolidated U.S. federal return is under exam for the period ended December 31, 2017. The Company does not expect the results of the audit to have a material impact on the consolidated financial statements. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law making several changes to the Internal Revenue Code. The CARES Act, among other things, permits Net Operating Loss (“NOL“) carryovers to offset 100% of taxable income for tax years beginning before 2021. In addition, the CARES Act allows NOLs incurred in 2018, 2019, and 2020 to be carried back to each of the five preceding tax years to generate a refund of previously paid income taxes. The CARES Act contains modifications on the limitation of business interest for tax years beginning in 2019 and 2020. The modifications to Section 163(j) increase the allowable business interest deduction from 30% of adjusted taxable income to 50% of adjusted taxable income. The CARES Act also accelerates the refund of Alternative Minimum Tax (“AMT”) credits that were previously accumulated. The tax law changes in the CARES Act did not have a material impact on the Company’s income tax provision. On December 27, 2020, the Consolidated Appropriations Act was signed into law, which included a temporary provision that allows for a 100 percent deduction for business meal expenses purchased from a restaurant between December 31, 2020, and January 1, 2023. The tax law changes in the Consolidated Appropriations Act did not have a material impact on the Company’s quarterly income tax provision.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 12. Employee Benefit Plans Certain Company subsidiaries, including certain subsidiaries in Canada, 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 revenue. 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 and number of ongoing projects and the need for union resources in connection with those projects. Total consolidated contributions to multiemployer plans were $23 and $21 during the three months ended March 31, 2021 and 2020, respectively. The Company also has a trustee-administered profit sharing retirement plan covering substantially all employees not covered by collective bargaining agreements and also adopted 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. The Company recognized $3 and $3 in expense during the three months ended March 31, 2021 and 2020, respectively.

Related-Party Transactions

Related-Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related-Party Transactions	Note 13. Related-Party Transactions As of December 31, 2020, an annual dividend for Preferred Shares was declared and settled in shares during January 2021. The Company issued 12.4 million shares to Mariposa Acquisition IV, LLC, a related entity that is controlled by the co-chairperson of the Company’s Board of Directors . In addition, during the three months ended March 31, 2021 and 2020, the Company incurred advisory service fees of $1 and $1, respectively, payable to Mariposa Capital, LLC, an entity owned by the co-chairperson of the Company’s Board of Directors. From time to time the Company also enters into other immaterial related party transactions.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Note 14. Earnings (Loss) Per Share Net income is allocated between the Company’s common shares and other participating securities based on their participation rights. The Preferred Shares represent participating securities. Earnings attributable to Preferred Shares 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 (loss) per share (“EPS”) as net loss is allocated to common shares because Preferred Shares are not contractually obligated to share the loss. The following table sets forth the computation of earnings (loss) per common share using the two-class method. The dilutive effect of outstanding Preferred Shares and the Preferred Share dividend is reflected in diluted EPS using the if-converted method, and warrants, options, and restricted 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 Preferred Shares, restricted and performance shares, warrants and stock options are anti-dilutive (amounts in millions, except share and per share amounts): Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Net loss attributable to common shareholders $ (8 ) $ (194 ) Basic and diluted weighted average shares outstanding (1) 192,283,443 169,822,082 Loss per share attributable to common shareholders: Loss per common share - basic and diluted $ (0.04 ) $ (1.14 ) (1) For the three months ended March 31, 2021, excludes the following items as the effect would be anti-dilutive: options to purchase 162,500 shares of common shares, 1,062,367 shares of common stock underlying restricted stock units, 4,000,000 Preferred Shares convertible to the same number of shares of common stock, and 2,383,922 common share equivalents which represent the dividend that the Preferred Shares are entitled to receive, assuming the volume weighted average price of the Company’s common shares for the last ten trading days of the three months ended March 31, 2021 would be the same volume weighted-average price during the last ten trading days of the calendar year. Also excludes 674,229 shares of common stock underlying performance based restricted stock units for which the performance criteria had not been met as of March 31, 2021. For the three months ended March 31, 2020, excludes the following items as the effect would be anti-dilutive: options to purchase 162,500 shares of common stock, approximately 64,546,077 warrants exercisable to purchase common shares on a 3:1 basis (21,515,359 common stock equivalents), 1,441,546 shares of common stock underlying restricted stock units and performance based restricted stock units, and 4,000,000 Preferred Shares convertible to the same number of shares of common stock.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	Note 15. Segment Information The Company manages its operations under three operating segments which represent the Company’s three reportable segments: Safety Services, Specialty Services, and Industrial Services. This structure is generally focused on various businesses related to contracting services and maintenance of industrial and commercial facilities. All three reportable segments derive their revenue from installation, inspection, maintenance, service and repair, retrofitting and upgrading, engineering and design, distribution, fabrication, and various types of other services primarily in the United States as well as Canada and Europe. The Safety Services segment focuses on end-to-end integrated occupancy systems (fire protection services, HVAC, and entry systems) including installation, inspection and service, and design of these integrated systems. The customers within this segment include, but are not limited to, customers in various industries and facilities including commercial, data center, distribution, education, transportation, healthcare, high tech, industrial and special-hazard settings The Specialty Services segment provides infrastructure services and specialized industrial plant services which include maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer and telecommunications infrastructure. Customers within this segment include, but are not limited to, public and private utilities, communications, healthcare, education, manufacturing, industrial plants and governmental agencies throughout the United States. The Industrial Services segment provides a variety of services to the energy industry focused on transmission and distribution. Services within this segment include, but are not limited to, pipeline infrastructure, access and road construction, supporting facilities, and performing ongoing integrity management and maintenance. The accounting policies of the reportable segments are the same as those described in Note 2 – “Basis of Presentation and Significant Accounting Policies”. All intercompany transactions and balances are eliminated in consolidation. Intercompany revenue 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 to EBITDA. The tables below may contain slight summation differences due to rounding: Three Months Ended March 31, 2021 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Net revenues $ 466 $ 321 $ 25 $ (9 ) $ 803 EBITDA Reconciliation Operating income (loss) $ 45 $ (3 ) $ (15 ) $ (29 ) $ (2 ) Plus: Investment income and other, net 3 1 — (1 ) 3 Depreciation 2 11 5 1 19 Amortization 15 11 4 1 31 EBITDA $ 65 $ 20 $ (6 ) $ (28 ) $ 51 Total assets $ 2,122 $ 991 $ 245 $ 860 $ 4,218 Capital expenditures 1 11 6 — 18 Three Months Ended March 31, 2020 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Net revenues $ 424 $ 300 $ 137 $ (3 ) $ 858 EBITDA Reconciliation Operating loss $ (10 ) $ (136 ) $ (58 ) $ (30 ) $ (234 ) Plus: Investment income and other, net 1 2 — — 3 Depreciation 3 8 4 3 18 Amortization 24 18 9 1 52 EBITDA $ 18 $ (108 ) $ (45 ) $ (26 ) $ (161 ) Total assets $ 1,721 $ 1,160 $ 441 $ 564 $ 3,886 Capital expenditures 1 6 4 — 11

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
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 accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. The unaudited condensed consolidated balance sheet as of December 31, 2020 was derived from audited financial statements for the year then ended, but does 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, 2020. 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: Cash and cash equivalents include cash on hand and highly liquid investments that have a maturity of three months or less when purchased. Restricted cash reflects collateral against certain bank guarantees. Restricted cash is reported as prepaid expenses and other current assets in the unaudited condensed consolidated balance sheets.
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 ventures was $1 and $2 during the three months ended March 31, 2021 and 2020, respectively. The earnings are recorded within investment income and other, net in the unaudited condensed consolidated statements of operations. The investment balances were $9 and $9 as of March 31, 2021 and December 31, 2020, respectively, and are recorded within other assets in the unaudited condensed consolidated balance sheets.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Summary of Preliminary Fair Value of Consideration Transferred and the Preliminary Estimated Fair Values of the Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition: Cash paid at closing $ 329 Deferred consideration 5 Total consideration $ 334 Cash $ 10 Other current assets 76 Property and equipment 12 Customer relationships 71 Trade names and trademarks 15 Contractual backlog 1 Goodwill 223 Other noncurrent assets 14 Current liabilities (54 ) Noncurrent liabilities (34 ) Net assets acquired $ 334

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2021
Revenues [Abstract]
Summary of Disaggregated Revenue	The Company disaggregates its revenue primarily by segment, service type, and country from which revenue is invoiced, as the nature, timing and uncertainty of cash flows are relatively consistent within each of these categories. Disaggregated revenue information is as follows: Three Months Ended March 31, 2021 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Life Safety $ 368 $ — $ — $ — $ 368 Heating, Ventilation and Air Conditioning ("HVAC") 98 — — — 98 Infrastructure/Utility — 140 — — 140 Fabrication — 82 — — 82 Specialty Contracting — 99 — — 99 Transmission — — 22 — 22 Civil — — 3 — 3 Corporate and Eliminations — — — (9 ) (9 ) Net revenues $ 466 $ 321 $ 25 $ (9 ) $ 803 Three Months Ended March 31, 2020 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Life Safety $ 343 $ — $ — $ — $ 343 HVAC 81 — — — 81 Infrastructure/Utility — 170 — — 170 Fabrication — 38 — — 38 Specialty Contracting — 92 — — 92 Transmission — — 93 — 93 Civil — — 7 — 7 Inspection — — 37 — 37 Corporate and Eliminations — — — (3 ) (3 ) Net revenues $ 424 $ 300 $ 137 $ (3 ) $ 858 Three Months Ended March 31, 2021 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated United States $ 383 $ 321 $ 21 $ (9 ) $ 716 Canada and Europe 83 — 4 — 87 Net revenues $ 466 $ 321 $ 25 $ (9 ) $ 803 Three Months Ended March 31, 2020 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated United States $ 376 $ 300 $ 131 $ (3 ) $ 804 Canada and Europe 48 — 6 — 54 Net revenues $ 424 $ 300 $ 137 $ (3 ) $ 858
Summary of Accounts Receivable, Net of Allowances, Contract Assets and Contract Liabilities from Contracts with Customer	The opening and closing balances of accounts receivable, net of allowances, contract assets and contract liabilities from contracts with customers as of March 31, 2021 and December 31, 2020 are as follows: Accounts receivable, net of allowances Contract Assets Contract Liabilities Balance as of March 31, 2021 $ 595 $ 152 $ 221 Balance as of December 31, 2020 $ 639 $ 142 $ 219

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes In Carrying Amounts of Goodwill By Reportable Segments	Goodwill: The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2021 are as follows: Safety Services Specialty Services Industrial Services Total Goodwill Goodwill as of December 31, 2020 $ 906 $ 172 $ 4 $ 1,082 Acquisitions 2 5 — 7 Measurement period adjustments and other (1) (11 ) (1 ) — (12 ) Goodwill as of March 31, 2021 $ 897 $ 176 $ 4 $ 1,077 (1) Measurement period adjustments related to the purchase accounting for SKG and finalization of certain immaterial acquisitions in 2020 (see Note 4 – “Business Combinations”). Other includes fluctuations due to foreign currency translation.
Summary of Identifiable Intangible Assets	The Company has the following identifiable intangible assets as of March 31, 2021 and December 31, 2020: March 31, 2021 Weighted Average Remaining Useful Lives (in Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangibles: Contractual backlog 1.4 $ 101 $ (93 ) $ 8 Customer relationships 6.7 825 (149 ) 676 Trade names 13.5 275 (28 ) 247 Total $ 1,201 $ (270 ) $ 931 December 31, 2020 Weighted Average Remaining Useful Lives (in Years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Amortized intangibles: Contractual backlog 1.6 $ 101 $ (92 ) $ 9 Customer relationships 7.0 823 (119 ) 704 Trade names 13.8 274 (22 ) 252 Total $ 1,198 $ (233 ) $ 965
Summary of Amortization Expense Recognized on Intangible Assets	Amortization expense recognized on intangibles was as follows: Three Months Ended March 31, 2021 2020 Cost of revenues $ 1 $ 22 Selling, general, and administrative expense 30 30 Total intangible asset amortization expense $ 31 $ 52

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
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, 2021 and December 31, 2020: Fair Value Measurements at March 31, 2021 Assets (liabilities) Level 1 Level 2 Level 3 Total Derivatives designated as effective hedges Interest rate swaps $ — $ (25 ) $ — $ (25 ) Cross currency swaps — (3 ) — (3 ) Foreign currency contracts — (3 ) — (3 ) Contingent consideration obligations — — (7 ) (7 ) $ — $ (31 ) $ (7 ) $ (38 ) Fair Value Measurements at December 31, 2020 Assets (liabilities) Level 1 Level 2 Level 3 Total Derivatives designated as effective hedges Interest rate swaps $ — $ (35 ) $ — $ (35 ) Derivatives not designated as effective hedges Foreign currency contracts — (9 ) — (9 ) Contingent consideration obligations — — (7 ) (7 ) $ — $ (44 ) $ (7 ) $ (51 )
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 March 31, 2021 Balance as of December 31, 2020 $ 7 Issuances — Settlements — Adjustments to fair value — Balance as of March 31, 2021 $ 7 Number of open contingent consideration arrangements at the end of period 3 Maximum potential payout at end of period $ 7

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Summary of Components of Property and Equipment	The components of property and equipment as of March 31, 2021 and December 31, 2020 are as follows: Estimated Useful Lives (In Years) March 31, 2021 December 31, 2020 Land N/A $ 26 $ 26 Building 39 82 76 Machinery and equipment 2-20 225 217 Autos and trucks 5-10 94 92 Office equipment 3-7 23 24 Leasehold improvements 1-15 15 14 Total cost 465 449 Accumulated depreciation (112 ) (94 ) Property and equipment, net $ 353 $ 355

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Summary of Debt Obligations	Debt obligations consist of the following: Maturity Date March 31, 2021 December 31, 2020 Term Loan Facility Revolving Credit Facility October 1, 2024 $ — $ — 2019 Term Loan October 1, 2026 1,185 1,188 2020 Term Loan October 1, 2026 249 250 Other Obligations 5 5 Total debt obligations 1,439 1,443 Less: unamortized deferred financing costs (27 ) (28 ) Total debt, net of deferred financing costs 1,412 1,415 Less: short-term and current portion of long-term debt (18 ) (18 ) Long-term debt $ 1,394 $ 1,397

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Summary of Computation Earnings (Loss) Per Common Share Using Two Class Method	The following table sets forth the computation of earnings (loss) per common share using the two-class method. The dilutive effect of outstanding Preferred Shares and the Preferred Share dividend is reflected in diluted EPS using the if-converted method, and warrants, options, and restricted 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 Preferred Shares, restricted and performance shares, warrants and stock options are anti-dilutive (amounts in millions, except share and per share amounts): Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Net loss attributable to common shareholders $ (8 ) $ (194 ) Basic and diluted weighted average shares outstanding (1) 192,283,443 169,822,082 Loss per share attributable to common shareholders: Loss per common share - basic and diluted $ (0.04 ) $ (1.14 ) (1) For the three months ended March 31, 2021, excludes the following items as the effect would be anti-dilutive: options to purchase 162,500 shares of common shares, 1,062,367 shares of common stock underlying restricted stock units, 4,000,000 Preferred Shares convertible to the same number of shares of common stock, and 2,383,922 common share equivalents which represent the dividend that the Preferred Shares are entitled to receive, assuming the volume weighted average price of the Company’s common shares for the last ten trading days of the three months ended March 31, 2021 would be the same volume weighted-average price during the last ten trading days of the calendar year. Also excludes 674,229 shares of common stock underlying performance based restricted stock units for which the performance criteria had not been met as of March 31, 2021. For the three months ended March 31, 2020, excludes the following items as the effect would be anti-dilutive: options to purchase 162,500 shares of common stock, approximately 64,546,077 warrants exercisable to purchase common shares on a 3:1 basis (21,515,359 common stock equivalents), 1,441,546 shares of common stock underlying restricted stock units and performance based restricted stock units, and 4,000,000 Preferred Shares convertible to the same number of shares of common stock.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
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 to EBITDA. The tables below may contain slight summation differences due to rounding: Three Months Ended March 31, 2021 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Net revenues $ 466 $ 321 $ 25 $ (9 ) $ 803 EBITDA Reconciliation Operating income (loss) $ 45 $ (3 ) $ (15 ) $ (29 ) $ (2 ) Plus: Investment income and other, net 3 1 — (1 ) 3 Depreciation 2 11 5 1 19 Amortization 15 11 4 1 31 EBITDA $ 65 $ 20 $ (6 ) $ (28 ) $ 51 Total assets $ 2,122 $ 991 $ 245 $ 860 $ 4,218 Capital expenditures 1 11 6 — 18 Three Months Ended March 31, 2020 Safety Services Specialty Services Industrial Services Corporate and Eliminations Consolidated Net revenues $ 424 $ 300 $ 137 $ (3 ) $ 858 EBITDA Reconciliation Operating loss $ (10 ) $ (136 ) $ (58 ) $ (30 ) $ (234 ) Plus: Investment income and other, net 1 2 — — 3 Depreciation 3 8 4 3 18 Amortization 24 18 9 1 52 EBITDA $ 18 $ (108 ) $ (45 ) $ (26 ) $ (161 ) Total assets $ 1,721 $ 1,160 $ 441 $ 564 $ 3,886 Capital expenditures 1 6 4 — 11

Nature of Business - Additional

Nature of Business - Additional Information (Detail)	Mar. 31, 2021Location
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of locations	200

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Earnings	$ (8)	$ (194)
Joint Ventures [Member] | Other Assets [Member]
Investment balance	9		$ 9
Joint Ventures [Member] | Investment Income and Other, Net [Member]
Earnings	$ 1	$ 2

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Detail)	Mar. 31, 2021
ASU 2020-01 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect	true
ASU 2019-12 [Member]
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Change in accounting principle, accounting standards update, adopted	true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect	true

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Millions	Oct. 01, 2019	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Cash payment		$ 7	$ 5
2021 Acquisitions [Member]
Purchase price consideration transferred		7
2020 Acquisitions [Member]
Goodwill, expected tax deduction				$ 19
2020 Acquisitions [Member] | Safety Services [Member]
Purchase price consideration transferred				324
Cash payment				319
Business combination deferred consideration				$ 5
2020 Acquisitions [Member] | Safety Services [Member] | Minimum [Member]
Business combination deferred consideration paid out period				1 year
2020 Acquisitions [Member] | Safety Services [Member] | Maximum [Member]
Business combination deferred consideration paid out period				2 years
APi Acquisition [Member]
Contingent compensation		39		$ 39
Maximum payout of contingent compensation		62		85
Payout of accrued contingent compensation		$ 39		$ 39
APi Acquisition [Member] | Minimum [Member]
Contingent compensation arrangements recognized period	3 years
APi Acquisition [Member] | Maximum [Member]
Contingent compensation arrangements recognized period	5 years

Business Combinations - Summary

Business Combinations - Summary of Preliminary Fair Value of Consideration of Assets Acquired and Liabilities Assumed (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)
Business Acquisition [Line Items]
Cash paid at closing	$ 329
Deferred consideration	5
Total consideration	334
Cash	10
Other current assets	76
Property and equipment	12
Goodwill	223
Other noncurrent assets	14
Current liabilities	(54)
Noncurrent liabilities	(34)
Net assets acquired	334
Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets other then goodwill	71
Trade names and Trademarks [Member]
Business Acquisition [Line Items]
Intangible assets other then goodwill	15
Contractual Backlog [Member]
Business Acquisition [Line Items]
Intangible assets other then goodwill	$ 1

Revenue - Summary of Disaggrega

Revenue - Summary of Disaggregated Revenue (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation of Revenue [Line Items]
Net revenues	$ 803	$ 858
United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	716	804
Canada and Europe [Member]
Disaggregation of Revenue [Line Items]
Net revenues	87	54
Safety Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	466	424
Safety Services [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	383	376
Safety Services [Member] | Canada and Europe [Member]
Disaggregation of Revenue [Line Items]
Net revenues	83	48
Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	321	300
Specialty Services [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	321	300
Industrial Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	25	137
Industrial Services [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	21	131
Industrial Services [Member] | Canada and Europe [Member]
Disaggregation of Revenue [Line Items]
Net revenues	4	6
Corporate and Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net revenues	(9)	(3)
Corporate and Eliminations [Member] | United States [Member]
Disaggregation of Revenue [Line Items]
Net revenues	(9)	(3)
Life Safety [Member]
Disaggregation of Revenue [Line Items]
Net revenues	368	343
Life Safety [Member] | Safety Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	368	343
Heating, Ventilation and Air Conditioning ("HVAC") [Member]
Disaggregation of Revenue [Line Items]
Net revenues	98	81
Heating, Ventilation and Air Conditioning ("HVAC") [Member] | Safety Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	98	81
Infrastructure/Utility [Member]
Disaggregation of Revenue [Line Items]
Net revenues	140	170
Infrastructure/Utility [Member] | Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	140	170
Fabrication [Member]
Disaggregation of Revenue [Line Items]
Net revenues	82	38
Fabrication [Member] | Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	82	38
Specialty Contracting [Member]
Disaggregation of Revenue [Line Items]
Net revenues	99	92
Specialty Contracting [Member] | Specialty Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	99	92
Transmission [Member]
Disaggregation of Revenue [Line Items]
Net revenues	22	93
Transmission [Member] | Industrial Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	22	93
Civil [Member]
Disaggregation of Revenue [Line Items]
Net revenues	3	7
Civil [Member] | Industrial Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues	3	7
Inspection [Member]
Disaggregation of Revenue [Line Items]
Net revenues		37
Inspection [Member] | Industrial Services [Member]
Disaggregation of Revenue [Line Items]
Net revenues		37
Corporate and Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net revenues	(9)	(3)
Corporate and Eliminations [Member] | Corporate and Eliminations [Member]
Disaggregation of Revenue [Line Items]
Net revenues	$ (9)	$ (3)

Revenue - Additional Informatio

Revenue - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Aggregate amount of transaction price allocated to unsatisfied performance obligation	$ 1,530,000,000
Customers with payment terms	30 days
Retentions receivable	$ 110,000,000	$ 122,000,000
Retentions receivable within one year	20,000,000	$ 26,000,000
Impairment of contract assets	$ 0
Minimum [Member]
Payment of invoices	30 days
Maximum [Member]
Payment of invoices	90 days

Revenue - Summary of Accounts R

Revenue - Summary of Accounts Receivable, Net of Allowances, Contract Assets and Contract Liabilities from Contracts with Customer (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Revenues [Abstract]
Accounts receivable, net of allowances	$ 595	$ 639
Contract assets	152	142
Contract liabilities	$ 221	$ 219

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, 2021USD ($)
Goodwill [LineItems]
Beginning Balance	$ 1,082
Acquisitions	7
Measurement period adjustments and other	(12)
Ending Balance	1,077
Safety Services [Member]
Goodwill [LineItems]
Beginning Balance	906
Acquisitions	2
Measurement period adjustments and other	(11)
Ending Balance	897
Specialty Services [Member]
Goodwill [LineItems]
Beginning Balance	172
Acquisitions	5
Measurement period adjustments and other	(1)
Ending Balance	176
Industrial Services [Member]
Goodwill [LineItems]
Beginning Balance	4
Ending Balance	$ 4

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2020
Goodwill [LineItems]
Goodwill, impairment loss	$ 193
Intangible assets, net	931			$ 965
Safety Services [Member]
Goodwill [LineItems]
Goodwill, impairment loss	83
Specialty Services [Member]
Goodwill [LineItems]
Goodwill, impairment loss	52
Industrial Services [Member]
Goodwill [LineItems]
Goodwill, impairment loss	$ 58
APi Acquisition [Member]
Goodwill [LineItems]
Goodwill impairment charges		$ 197	$ 203
Intangible assets impairment charges		$ 0	5
Adjustment of cumulative amortization expense reversed			5
Intangible assets, net			$ 47

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, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,201	$ 1,198
Accumulated Amortization	(270)	(233)
Net Carrying Amount	$ 931	$ 965
Contractual Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Lives (in Years)	1 year 4 months 24 days	1 year 7 months 6 days
Gross Carrying Amount	$ 101	$ 101
Accumulated Amortization	(93)	(92)
Net Carrying Amount	$ 8	$ 9
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Lives (in Years)	6 years 8 months 12 days	7 years
Gross Carrying Amount	$ 825	$ 823
Accumulated Amortization	(149)	(119)
Net Carrying Amount	$ 676	$ 704
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Lives (in Years)	13 years 6 months	13 years 9 months 18 days
Gross Carrying Amount	$ 275	$ 274
Accumulated Amortization	(28)	(22)
Net Carrying Amount	$ 247	$ 252

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, 2021	Mar. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total intangible asset amortization expense	$ 31	$ 52
Cost of Revenues [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible asset amortization expense	1	22
Selling, General and Administrative Expenses [Member]
Finite-Lived Intangible Assets [Line Items]
Total intangible asset amortization expense	$ 30	$ 30

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, 2021	Dec. 31, 2020
Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contracts	$ (3)
Total	(38)
Derivatives Not Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contracts		$ (9)
Total		(51)
Interest Rate Swaps [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	(25)	(35)
Contingent Consideration Obligations [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration obligations	(7)
Contingent Consideration Obligations [Member] | Derivatives Not Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration obligations		(7)
Cross Currency Swaps [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	(3)
Fair Value, Inputs, Level 2 [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contracts	(3)
Total	(31)
Fair Value, Inputs, Level 2 [Member] | Derivatives Not Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contracts		(9)
Total		(44)
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	(25)	(35)
Fair Value, Inputs, Level 2 [Member] | Cross Currency Swaps [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swaps	(3)
Fair Value, Inputs, Level 3 [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	(7)
Fair Value, Inputs, Level 3 [Member] | Derivatives Not Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total		(7)
Fair Value, Inputs, Level 3 [Member] | Contingent Consideration Obligations [Member] | Derivatives Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration obligations	$ (7)
Fair Value, Inputs, Level 3 [Member] | Contingent Consideration Obligations [Member] | Derivatives Not Designated as Effective Hedges [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration obligations		$ (7)

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, 2021USD ($)Arrangement
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Abstract]
Balances at beginning of period	$ 7
Issuances
Settlements
Adjustments to fair value
Balance at end of period	$ 7
Number of open contingent consideration arrangements at the end of period | Arrangement	3
Maximum potential payout at end of period	$ 7

Derivatives - Additional Inform

Derivatives - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Foreign Currency Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 0
Derivative liability			$ 9,000,000
Other (income) expense, net	(1,000,000)	$ 0
Foreign Currency Contracts [Member] | Maximum [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative asset			1,000,000
Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	$ 720,000,000
Derivative, fixed interest rate	1.62%
Derivative liability	$ 25,000,000		$ 35,000,000
Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liability	3,000,000
Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	120,000,000
Derivative liability	3,000,000
Designated as Hedging Instrument [Member] | Cross Currency Swaps [Member] | Net Investment Hedge [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative notional amount	230,000,000
Derivative liability	$ 3,000,000

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, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total cost	$ 465	$ 449
Accumulated depreciation	(112)	(94)
Property and equipment, net	353	355
Land [Member]
Property, Plant and Equipment [Line Items]
Total cost	26	26
Building [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 82	76
Property, Plant and Equipment, Useful Life	39 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 225	217
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Autos and Trucks [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 94	92
Autos and Trucks [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Autos and Trucks [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 23	24
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 15	$ 14
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Line Items]
Depreciation	$ 19	$ 18
APi Acquisition [Member]
Property, Plant and Equipment [Line Items]
Depreciation		20
Depreciation expense would have been higher , if fair value known at business acquisition amount		$ 2

Debt - Summary of Debt Obligati

Debt - Summary of Debt Obligations (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Total debt obligations	$ 1,439	$ 1,443
Less: unamortized deferred financing costs	(27)	(28)
Total debt, net of deferred financing costs	1,412	1,415
Less: short-term and current portion of long-term debt	(18)	(18)
Long-term debt	1,394	1,397
2019 Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt obligations	1,200
2020 Term Loan [Member]
Line of Credit Facility [Line Items]
Total debt obligations	$ 249
Term Loan Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maturity Date	Oct. 1, 2024
Total debt obligations	$ 0	0
Term Loan Facility [Member] | 2019 Term Loan [Member]
Line of Credit Facility [Line Items]
Maturity Date	Oct. 1, 2026
Total debt obligations	$ 1,185	1,188
Term Loan Facility [Member] | 2020 Term Loan [Member]
Line of Credit Facility [Line Items]
Maturity Date	Oct. 1, 2026
Total debt obligations	$ 249	250
Other Obligations [Member]
Line of Credit Facility [Line Items]
Total debt obligations	$ 5	$ 5

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Line of credit outstanding	$ 1,439	$ 1,443
Acquisition of Construction Equipment and Vehicles [Member]
Short-term Debt [Line Items]
Notes payable	5	5
2019 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding	1,200
Remaining line of credit outstanding (unswapped portion)	$ 465
Line of credit facility, interest rate	2.61%
Line of credit facility, interest rate description	one-month LIBOR plus 250 basis points
2020 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding	$ 249
Line of credit facility, interest rate	2.86%
Line of credit facility, interest rate description	one-month LIBOR plus 275 basis points
Term Loan Facility [Member] | Cross Currency Swaps [Member]
Short-term Debt [Line Items]
Derivative notional amount	$ 230
Annual reduction in interest expense	$ 3
Reduction in overall effective interest rate	0.20%
Term Loan Facility [Member] | 2019 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding	$ 1,185	1,188
Term Loan Facility [Member] | 2019 Term Loan [Member] | Interest Rate Swaps [Member]
Short-term Debt [Line Items]
Derivative, fixed interest rate	4.12%
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	5 years
Derivative notional amount	$ 720
Derivative, fixed interest rate	1.62%
Term Loan Facility [Member] | 2020 Term Loan [Member]
Short-term Debt [Line Items]
Line of credit outstanding	$ 249	250
Term Loan Facility [Member] | Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Line of credit outstanding	$ 0	0
Debt instrument term	5 years
Secured term loan	$ 300
Line of credit net letters of credit outstanding	227	230
Letters of credit outstanding	$ 73	$ 70
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 ($)	Dec. 27, 2020	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Mar. 27, 2020
Effective tax rate		42.30%	20.90%
U.S. Federal income tax rate		21.00%
Deferred tax assets, valuation allowance		$ 4,000,000
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 2034.
Unrecognized tax benefits		$ 3,000,000		$ 2,000,000
Income tax penalties and interest accrued		1,000,000		$ 1,000,000
Unrecognized tax benefits that would impact effective tax rate		3,000,000
Effective income tax rate reconciliation, unrecognized tax benefits		$ 2,000,000
Interest deduction percentage		30.00%	50.00%
Provision for percent deduction for business meal expenses purchased	100.00%
Maximum [Member]
Income tax interest expense		$ 1,000,000	$ 1,000,000
Domestic Tax Authority [Member]
Operating loss carryforwards		$ 0
Operating loss carryback term		5 years
Operating loss carryforwards offset percentage					100.00%
State and Local Jurisdiction [Member]
Operating loss carryforwards		$ 15,000,000
Operating loss carryforwards limitations		The state net operating losses have carryforward periods of five to twenty years and begin to expire in 2024.
Operating loss carryforwards expiration year		2024
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		$ 10,000,000
Operating loss carryforwards, carryforward term		20 years
Operating loss carryforwards expiration year		2034
Operating loss carryback term		3 years

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
ESPP [Member]
Multiemployer Plans [Line Items]
Share-based compensation arrangement by share-based payment award, purchase price of common stock, percent	85.00%
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	1
Multiemployer Pension And Other Multiemployer Benefit Plans And Trusts [Member]
Multiemployer Plans [Line Items]
Multiemployer Plan Contributions	23	$ 21
Profit Sharing Plan [Member]
Multiemployer Plans [Line Items]
Expense recognized	$ 3	$ 3

Related-Party Transactions - Ad

Related-Party Transactions - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2020	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Dividends declared in common shares				12
Mariposa Acquisition I V L L C [Member]
Related Party Transaction [Line Items]
Advisory service 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		12.4

Earnings (Loss) Per Share - Sum

Earnings (Loss) Per Share - Summary of Computation Earnings (Loss) Per Common Share Using Two Class Method (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net loss attributable to common shareholders	$ (8)	$ (194)
Basic and diluted weighted average shares outstanding	192,283,443	169,822,082
Loss per share attributable to common shareholders:
Loss per common share - basic and diluted	$ (0.04)	$ (1.14)

Earnings (Loss) Per Share - S_2

Earnings (Loss) Per Share - Summary of Computation Earnings (Loss) Per Common Share Using Two Class Method (Parenthetical) (Detail) - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Dilutive securities includes common shares issuable pursuant to the annual preferred share dividend	2,383,922
Warrants To Purchase Ordinary Shares [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion Ratio		3:1 basis
Conversion of Stock, New Issuance		21,515,359
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	162,500
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	1,062,367
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	674,229
Restricted Stock Units 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		1,441,546
Warrant [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Calculation of Diluted Earnings Per Share		64,546,077
Convertible 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

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2021Segment
Segment Reporting [Abstract]
Number of operating segments	3
Number of reportable segments	3

Segment Information - Summary o

Segment Information - Summary of Reconciliation Operating Income to EBITDA (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	$ 803	$ 858
EBITDA Reconciliation
Operating income (loss)	(2)	(234)
Plus:
Investment income and other, net	3	3
Depreciation	19	18
Amortization	31	52
EBITDA	51	(161)
Total assets	4,218	3,886	$ 4,065
Capital expenditures	18	11
Safety Services [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	466	424
EBITDA Reconciliation
Operating income (loss)	45	(10)
Plus:
Investment income and other, net	3	1
Depreciation	2	3
Amortization	15	24
EBITDA	65	18
Total assets	2,122	1,721
Capital expenditures	1	1
Specialty Services [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	321	300
EBITDA Reconciliation
Operating income (loss)	(3)	(136)
Plus:
Investment income and other, net	1	2
Depreciation	11	8
Amortization	11	18
EBITDA	20	(108)
Total assets	991	1,160
Capital expenditures	11	6
Industrial Services [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	25	137
EBITDA Reconciliation
Operating income (loss)	(15)	(58)
Plus:
Depreciation	5	4
Amortization	4	9
EBITDA	(6)	(45)
Total assets	245	441
Capital expenditures	6	4
Corporate and Eliminations [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Net revenues	(9)	(3)
EBITDA Reconciliation
Operating income (loss)	(29)	(30)
Plus:
Investment income and other, net	(1)
Depreciation	1	3
Amortization	1	1
EBITDA	(28)	(26)
Total assets	$ 860	$ 564