v3.24.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Schedule of Reportable Segments
Information regarding the Company’s reportable segment revenue is as follows (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Employer Solutions
Recurring$504 $497 $1,518 $1,535 
Project51 53 134 143 
Total Employer Solutions555 550 1,652 1,678 
Other— 7 — 26 
Total revenue$555 $557 $1,652 $1,704 
There was no single client who accounted for more than 10% of the Company’s revenues in any of the periods presented.
Segment Profit
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Employer Solutions$174 $166 $523 $542 
Other— — — (2)
Total Gross Profit174 166 523 540 
Selling, general and administrative142 136 434 436 
Depreciation and intangible amortization74 75 223 225 
Operating Income (Loss) From Continuing Operations(42)(45)(134)(121)
(Gain) Loss from change in fair value of financial instruments(23)(36)(54)(11)
(Gain) Loss from change in fair value of tax receivable agreement27 11 51 30 
Interest expense19 34 83 100 
Other (income) expense, net(12)— (11)1 
Income (Loss) From Continuing Operations Before Taxes$(53)$(54)$(203)$(241)