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Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Revenues |
| Revenues (a) (b)
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Real Estate Franchise Services | $ | 755 |  |  | $ | 716 |  |  | $ | 690 |
Company Owned Real Estate Brokerage Services | 4,344 |  |  | 4,078 |  |  | 3,990 |
Relocation Services | 415 |  |  | 419 |  |  | 419 |
Title and Settlement Services | 487 |  |  | 398 |  |  | 467 |
Corporate and Other (c) | (295 | ) |  | (283 | ) |  | (277 | )
Total Company | $ | 5,706 |  |  | $ | 5,328 |  |  | $ | 5,289 |
_______________
(a) | Transactions between segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services segment include intercompany royalties and marketing fees paid by the Company Owned Real Estate Brokerage Services segment of $295 million for the year ended December 31, 2015, $283 million for the year ended December 31, 2014 and $277 million for the year ended December 31, 2013. Such amounts are eliminated through the Corporate and Other line.
(b) | Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $49 million for the year ended December 31, 2015, $42 million for the year ended December 31, 2014 and $43 million for the year ended December 31, 2013. Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions.
(c) | Includes the elimination of transactions between segments.
EBITDA |
| EBITDA (a)
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Real Estate Franchise Services | $ | 495 |  |  | $ | 463 |  |  | $ | 448 |
Company Owned Real Estate Brokerage Services | 199 |  |  | 193 |  |  | 206 |
Relocation Services | 105 |  |  | 102 |  |  | 104 |
Title and Settlement Services | 48 |  |  | 36 |  |  | 50 |
Corporate and Other (b) | (121 | ) |  | (107 | ) |  | (155 | )
Total Company | $ | 726 |  |  | $ | 687 |  |  | $ | 653 |
______________
(a) | Includes $48 million related to the loss on the early extinguishment of debt and restructuring charges of $10 million, partially offset by a net benefit of $15 million of former parent legacy items for the year ended December 31, 2015. Includes $47 million related to the loss on the early extinguishment of debt, $10 million of transaction and integration costs related to the ZipRealty acquisition and $2 million related to the Phantom Value Plan, partially offset by a net benefit of $10 million of former parent legacy items and the reversal of a prior year restructuring reserve of $1 million for the year ended December 31, 2014. Includes $68 million loss on the early extinguishment of debt, $47 million related to the Phantom Value Plan and $4 million of restructuring costs, partially offset by a net benefit of $4 million of former parent legacy items for the year ended December 31, 2013.
(b) | Includes the elimination of transactions between segments.
Provided below is a reconciliation of EBITDA to Net income attributable to Realogy Holdings and Realogy Group:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
EBITDA | $ | 726 |  |  | $ | 687 |  |  | $ | 653 |
Less: Depreciation and amortization | 201 |  |  | 190 |  |  | 176 |
Interest expense, net | 231 |  |  | 267 |  |  | 281 |
Income tax (benefit) expense | 110 |  |  | 87 |  |  | (242 | )
Net income attributable to Realogy Holdings and Realogy Group | $ | 184 |  |  | $ | 143 |  |  | $ | 438 |
Reconciliation of Depreciation and Amortization from Segments to Consolidated | Depreciation and Amortization
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Real Estate Franchise Services | $ | 77 |  |  | $ | 75 |  |  | $ | 75 |
Company Owned Real Estate Brokerage Services | 46 |  |  | 42 |  |  | 35 |
Relocation Services | 33 |  |  | 43 |  |  | 44 |
Title and Settlement Services | 25 |  |  | 15 |  |  | 11 |
Corporate and Other | 20 |  |  | 15 |  |  | 11 |
Total Company | $ | 201 |  |  | $ | 190 |  |  | $ | 176 |
Segment Assets | Segment Assets
| As of December 31 |  |
| 2015 |  | 2014 |  |
Real Estate Franchise Services | $ | 4,534 |  |  | $ | 4,574 |  |  |
Company Owned Real Estate Brokerage Services | 1,140 |  |  | 1,002 |  |  |
Relocation Services | 1,126 |  |  | 1,155 |  |  |
Title and Settlement Services | 382 |  |  | 308 |  |  |
Corporate and Other | 349 |  |  | 265 |  |  |
Total Company | $ | 7,531 |  |  | $ | 7,304 |  |  |
Reconciliation of Capital Expenditures from Segments to Consolidated | Capital Expenditures
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Real Estate Franchise Services | $ | 8 |  |  | $ | 10 |  |  | $ | 6 |
Company Owned Real Estate Brokerage Services | 41 |  |  | 33 |  |  | 29 |
Relocation Services | 14 |  |  | 9 |  |  | 6 |
Title and Settlement Services | 8 |  |  | 8 |  |  | 11 |
Corporate and Other | 13 |  |  | 11 |  |  | 10 |
Total Company | $ | 84 |  |  | $ | 71 |  |  | $ | 62 |
Geographic Segment Information | The geographic segment information provided below is classified based on the geographic location of the Company’s subsidiaries.
| United States |  | All Other Countries |  | Total
On or for the year ended December 31, 2015 |  |  |  |  |
Net revenues | $ | 5,579 |  |  | $ | 127 |  |  | $ | 5,706 |
Total assets | 7,450 |  |  | 81 |  |  | 7,531 |
Net property and equipment | 252 |  |  | 2 |  |  | 254 |
On or for the year ended December 31, 2014 |  |  |  |  |
Net revenues | $ | 5,201 |  |  | $ | 127 |  |  | $ | 5,328 |
Total assets | 7,219 |  |  | 85 |  |  | 7,304 |
Net property and equipment | 232 |  |  | 1 |  |  | 233 |
On or for the year ended December 31, 2013 |  |  |  |  |
Net revenues | $ | 5,167 |  |  | $ | 122 |  |  | $ | 5,289 |
Total assets | 6,998 |  |  | 94 |  |  | 7,092 |
Net property and equipment | 204 |  |  | 1 |  |  | 205 |

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