v3.26.3
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities:    
Net income $ 150 $ 194
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 11 10
Amortization of intangibles 222 222
Deferred income taxes (63) (67)
Stock-based compensation 18 16
Other 4 4
Changes in operating assets and liabilities, net:    
Accounts receivable (19) 5
Prepaid and other current assets (11) (4)
Accounts payable and accrued expenses 4 (6)
Due to related parties (19) 7
Unearned revenue 9 6
Other current liabilities 75 (1)
Net change in other assets and liabilities 13 (9)
Cash provided by operating activities 394 377
Investing Activities:    
Capital expenditures (31) (16)
Purchases of equity investments (3) (3)
Cash used for investing activities (34) (19)
Financing Activities:    
Proceeds from issuance of Senior Notes 1,986 0
Payment of deferred financing costs (8) 0
Payment of dividends (18) 0
Net transfers to Former Parent (2,006) (328)
Payments related to loan from related parties 0 (18)
Contingent consideration payments 0 (2)
Cash used for financing activities (46) (348)
Effect of exchange rate changes on cash (1) 2
Net change in cash and cash equivalents 313 12
Cash and cash equivalents at beginning of period 38 27
Cash and cash equivalents at end of period 351 39
Supplemental non-cash disclosures:    
Consolidation of Canada Carfax Loan $ 230 $ 0