v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net Income (Loss) From Continuing Operations $ (29) $ (1,090)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 69 60
Intangible asset amortization 140 141
Noncash lease expense 4 5
Financing fee and premium amortization 1 1
Share-based compensation expense 11 11
(Gain) loss from change in fair value of financial instruments 0 20
(Gain) Loss from change in fair value of tax receivable agreement (65) 32
Deferred tax expense (benefit) (16) (8)
Goodwill impairment 0 983
Other 7 11
Changes in operating assets and liabilities:    
Accounts receivable 47 60
Accounts payable and accrued liabilities (28) (76)
Other assets and liabilities 11 9
Cash provided by operating activities - continuing operations 152 159
Cash provided by operating activities - discontinued operations 0 0
Net cash provided by operating activities 152 159
Investing activities:    
Capital expenditures (51) (57)
Cash provided by (used in) investing activities - continuing operations (51) (57)
Cash used in investing activities - discontinued operations 0 0
Net cash provided by (used in) investing activities (51) (57)
Financing activities:    
Dividend payments (1) (43)
Net increase (decrease) in fiduciary liabilities (15) (24)
Repayments to banks (10) (10)
Principal payments on finance lease obligations (9) (12)
Payments on tax receivable agreements (136) (100)
Tax payment for shares/units withheld in lieu of taxes (1) (11)
Repurchase of shares 0 (40)
Other financing activities (1) (2)
Cash used in financing activities - continuing operations (173) (242)
Cash provided by (used in) financing activities - discontinued operations 0 0
Net Cash provided by (used in) financing activities (173) (242)
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 (73) (140)
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 448 442
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 215 227
Restricted cash included in fiduciary assets 233 215
Total cash, cash equivalents and restricted cash 448 442
Supplemental disclosure of non-cash investing and financing activities:    
Fixed asset additions acquired through finance leases 7 6
Right of use asset additions acquired through operating leases $ 7 $ 9