v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net Income (Loss) From Continuing Operations $ (19) $ (17)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 34 30
Intangible asset amortization 70 71
Noncash lease expense 2 2
Share-based compensation expense 4 6
(Gain) loss from change in fair value of financial instruments 0 (8)
(Gain) Loss from change in fair value of tax receivable agreement (19) 9
Deferred tax expense (benefit) (7) (4)
Other 4 0
Changes in operating assets and liabilities:    
Accounts receivable 28 33
Accounts payable and accrued liabilities (38) (60)
Other assets and liabilities 20 11
Cash provided by operating activities - continuing operations 79 73
Cash provided by operating activities - discontinued operations 0 0
Net cash provided by operating activities 79 73
Investing activities:    
Capital expenditures (26) (29)
Cash provided by (used in) investing activities - continuing operations (26) (29)
Cash used in investing activities - discontinued operations 0 0
Net cash provided by (used in) investing activities (26) (29)
Financing activities:    
Dividend payments 0 (21)
Net increase (decrease) in fiduciary liabilities (9) (12)
Repayments to banks (5) (5)
Principal payments on finance lease obligations (5) (5)
Payments on tax receivable agreements (136) (100)
Tax payment for shares/units withheld in lieu of taxes (1) (11)
Repurchase of shares 0 (20)
Other financing activities 0 (2)
Cash used for financing activities - continuing operations (156) (176)
Cash provided by (used in) financing activities - discontinued operations 0 0
Net Cash provided by (used in) financing activities (156) (176)
Effect of exchange rate changes on cash, cash equivalents and restricted cash - continuing operations (1) 0
Effect of exchange rate changes on cash, cash equivalents and restricted cash - discontinued operations 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash (104) (132)
Cash, cash equivalents and restricted cash balances from:    
Continuing operations - beginning of year 521 582
Discontinued operations - beginning of year 0 0
Less discontinued operations - end of period 0 0
Continuing operations - end of period 417 450
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 178 223
Restricted cash included in fiduciary assets 239 227
Total cash, cash equivalents and restricted cash 417 450
Supplemental disclosure of non-cash investing and financing activities:    
Fixed asset additions acquired through finance leases 3 6
Right of use asset additions acquired through operating leases $ 6 $ 1