Revenue (Tables)

6 Months Ended

Jun. 30, 2025

Revenue [Abstract]

Disaggregation of Revenue from Contracts with Customers


		Three Months Ended										Six Months Ended
		June 30,										June 30,
(In millions)		2025(2)					2024					2025(2)					2024
Renewals		$		461			$		421			$		794			$		719
Real estate(1)				44					36					71					63
Direct-to-consumer(1)				56					50					88					86
Other				56					35					90					52
Total		$		617			$		542			$		1,043			$		920

(1)

First-year revenue only.

(2)

For the three and six months ended June 30, 2025, includes $56 million and $97 million as a result of the 2-10 HBW Acquisition on December 19, 2024.

Change in Deferred Revenue

A summary of the changes in deferred revenue, including the long-term portion, for the six months ended June 30, 2025 is as follows:


(In millions)
Balance as of December 31, 2024		$		135
Deferral of revenue				194
Recognition of deferred revenue				(205	)
Balance as of June 30, 2025		$		124