As discussed in Note 1 “Description of Business and Summary of Significant Accounting Policies,” the Solar Business is presented as a discontinued operation in the Company’s Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets for all periods presented.

During the six months ended June 30, 2024, the Company paid approximately $18 million associated with the ADT Solar Exit primarily related to employee separation and other restructuring costs.

During the three and six months ended June 30, 2024, respectively, the Company incurred aggregate exit charges of $13 million and $89 million, which have been recognized within income (loss) from discontinued operations, net of tax related to (i) $1 million and $36 million, associated with the write-down and disposition of inventory and asset impairments, (ii) $10 million and $29 million, associated with the disposition of the existing installation pipeline, (iii) $1 million and $12 million, associated with employee separation costs, and (iv) $2 million and $12 million, associated with contract termination and other charges.

The following reconciliations represent the major classes of line items of the Solar Business presented within discontinued operations. Cash flows related to discontinued operations were not significant during the six months ended June 30, 2025 and June 30, 2024.


(in thousands)	June 30, 2025		December 31, 2024












Current maturities of long-term debt	$	—	$	22
Accounts payable	5,904		6,953

Accrued expenses and other current liabilities	21,368		24,788
Total current liabilities of discontinued operations	27,272		31,763
Long-term debt	—		32
Other liabilities	13,981		15,857
Total liabilities of discontinued operations	$	41,253	$	47,652


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2025		2024		2025		2024
Revenue	$	—	$	1,656	$	—	$	21,295
Cost of revenue	835		19,837		2,588		61,359
Selling, general, and administrative expenses	2,716		16,499		3,957		89,918
Depreciation and intangible asset amortization	—		466		18		1,817

Other (income) and expense items	—		(8)		42		1,473
Income (loss) from discontinued operations before income taxes	(3,551)		(35,138)		(6,605)		(133,272)
Income tax benefit (expense)	917		9,601		1,740		35,376
Income (loss) from discontinued operations, net of tax	$	(2,634)	$	(25,537)	$	(4,865)	$	(97,896)

During the periods presented, activity reflected in discontinued operations, net of tax, relating to the Commercial Divestiture was not material.

In connection with the Commercial Divestiture, the Company entered into a Transition Services Agreement (the “Commercial TSA”). During the three and six months ended June 30, 2025, Commercial TSA income was not material. During the three and six months ended June 30, 2024, the Company recognized $11 million and $22 million, respectively, of Commercial TSA income, which is reflected in other income (expense) within continuing operations.