Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Information (Tables)

v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Information
Provided below is the Company’s segment profitability measure and significant segment expenses.
Year Ended December 31,
2025 2024 2023
Net revenues
 $ 1,429  $ 1,408  $ 1,397 
Less expenses (a)
Compensation
 (242) (255) (241)
Selling and advertising
 (88) (119) (136)
Outsourced services and information technology (b)
(129) (127) (120)
Professional fees
 (98) (90) (85)
Other segment items (c)
(382) (189) (209)
Corporate expenses (d)
(297) (339) (317)
Consolidated net income
 $ 193  $ 289  $ 289 
_____________________
(a)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the Company’s CODM.
(b)    Information technology costs primarily include maintenance costs and software as a service cost.
(c)    Other segment items include depreciation and amortization, stock-based compensation, restructuring costs, impairment charge, cost reimbursements, travel and entertainment, insurance and other operating expenses. 2025 period also includes impairment and other charges associated with the insolvency filing of Revo as well as pass-through expenses associated with the Company's global franchisee conference.
(d)    Corporate expenses include interest expense, net, transaction and separation-related expenses, provision for income taxes, early extinguishment of debt, compensation costs, and other overhead costs.
Revenue from External Customers by Geographic Areas
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2025
Net revenues $ 1,134  $ 295  $ 1,429 
Net long-lived assets 2,925  194  3,119 
Year Ended or As of December 31, 2024
Net revenues $ 1,125  $ 283  $ 1,408 
Net long-lived assets 2,979  188  3,167 
Year Ended or As of December 31, 2023
Net revenues $ 1,142  $ 255  $ 1,397 
Net long-lived assets 3,002  190  3,192 
_____________________
(a)    Includes U.S. territories.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2025
Net revenues $ 1,134  $ 295  $ 1,429 
Net long-lived assets 2,925  194  3,119 
Year Ended or As of December 31, 2024
Net revenues $ 1,125  $ 283  $ 1,408 
Net long-lived assets 2,979  188  3,167 
Year Ended or As of December 31, 2023
Net revenues $ 1,142  $ 255  $ 1,397 
Net long-lived assets 3,002  190  3,192 
_____________________
(a)    Includes U.S. territories.
Long-lived Assets by Geographic Areas
The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
United States
All Other Countries (a)
Total
Year Ended or As of December 31, 2025
Net revenues $ 1,134  $ 295  $ 1,429 
Net long-lived assets 2,925  194  3,119 
Year Ended or As of December 31, 2024
Net revenues $ 1,125  $ 283  $ 1,408 
Net long-lived assets 2,979  188  3,167 
Year Ended or As of December 31, 2023
Net revenues $ 1,142  $ 255  $ 1,397 
Net long-lived assets 3,002  190  3,192 
_____________________
(a)    Includes U.S. territories.