Provided below is selected unaudited quarterly financial data for 2015 and 2014.



	2015
	First			Second			Third			Fourth
Net revenues
Real Estate Franchise Services	$	151		$	213		$	214		$	177
Company Owned Real Estate Brokerage Services	796			1,289			1,267			992
Relocation Services	85			108			124			98
Title and Settlement Services	87			128			147			125
Other (a)	(57		)	(87		)	(84		)	(67		)
	$	1,062		$	1,651		$	1,668		$	1,325
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)
Real Estate Franchise Services	$	67		$	127		$	133		$	92
Company Owned Real Estate Brokerage Services	(28		)	75			82			8
Relocation Services	(1		)	22			39			16
Title and Settlement Services	(7		)	16			9			5
Other	(89		)	(83		)	(81		)	(120		)
	$	(58	)	$	157		$	182		$	1
Net income (loss) attributable to Realogy Holdings and Realogy Group	$	(32	)	$	97		$	110		$	9
Income (loss) per share attributable to Realogy Holdings (c):
Basic income (loss) per share	$	(0.22	)	$	0.66		$	0.75		$	0.06
Diluted income (loss) per share	$	(0.22	)	$	0.66		$	0.74		$	0.06

_______________


(a)	Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.


(b)	The quarterly results include the following:


•	a loss on the early extinguishment of debt of $48 million in the fourth quarter;


•	former parent legacy benefit of $1 million and $14 million in the second and third quarters, respectively; and


•	restructuring charges of $10 million in the fourth quarter.

(c)

Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS (see Note 16 "Earnings Per Share" for further information).



	2014
	First			Second			Third			Fourth
Net revenues
Real Estate Franchise Services	$	144		$	196		$	199		$	177
Company Owned Real Estate Brokerage Services	750			1,182			1,175			971
Relocation Services	86			107			125			101
Title and Settlement Services	81			108			111			98
Other (a)	(54		)	(81		)	(79		)	(69		)
	$	1,007		$	1,512		$	1,531		$	1,278
Income (loss) before income taxes, equity in earnings and noncontrolling interests (b)
Real Estate Franchise Services	$	61		$	117		$	118		$	91
Company Owned Real Estate Brokerage Services	(28		)	78			77			15
Relocation Services	(3		)	16			37			13
Title and Settlement Services	(8		)	14			11			6
Other	(99		)	(109		)	(76		)	(106		)
	$	(77	)	$	116		$	167		$	19
Net income (loss) attributable to Realogy Holdings and Realogy Group	$	(46	)	$	68		$	100		$	21
Income (loss) per share attributable to Realogy Holdings (c):
Basic income (loss) per share	$	(0.32	)	$	0.47		$	0.68		$	0.14
Diluted income (loss) per share	$	(0.32	)	$	0.46		$	0.68		$	0.14

_______________


(a)	Represents the elimination of transactions primarily between the Real Estate Franchise Services segment and the Company Owned Real Estate Brokerage Services segment.


(b)	The quarterly results include the following:


•	a loss on the early extinguishment of debt of $10 million in the first quarter, $17 million in the second quarter and $20 million in the fourth quarter;


•	former parent legacy cost (benefit) of $1 million, $(2) million and $(9) million in the first, third and fourth quarters, respectively; and


•	reversal of prior year restructuring reserve of $1 million in the third quarter.


(c)	Basic and diluted EPS amounts in each quarter are computed using the weighted-average number of shares outstanding during that quarter, while basic and diluted EPS for the full year is computed using the weighted-average number of shares outstanding during the year. Therefore, the sum of the four quarters’ basic or diluted EPS may not equal the full year basic or diluted EPS.