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Segment Information
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
The reportable segments presented below represent the Company’s operating segments for which separate financial information is available and which is utilized on a regular basis by its chief operating decision maker to assess performance and to allocate resources. In identifying its reportable segments, the Company also considers the nature of services provided by its operating segments. Management evaluates the operating results of each of its reportable segments based upon revenue and EBITDA, which is defined as net income (loss) before depreciation and amortization, interest (income) expense, net (other than Relocation Services interest for relocation receivables and securitization obligations) and income taxes, each of which is presented in the Company’s Condensed Consolidated Statements of Operations. The Company’s presentation of EBITDA may not be comparable to similar measures used by other companies.
 
Revenues (a) (b)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Real Estate Franchise Services
$
221

 
$
213

 
$
378

 
$
364

Company Owned Real Estate Brokerage Services
1,268

 
1,289

 
2,109

 
2,085

Relocation Services
109

 
108

 
192

 
193

Title and Settlement Services
149

 
128

 
260

 
215

Corporate and Other (c)
(85
)
 
(87
)
 
(143
)
 
(144
)
Total Company
$
1,662

 
$
1,651

 
$
2,796

 
$
2,713

_______________
 
 
(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 $85 million and $143 million for the three and six months ended June 30, 2016, respectively, and $87 million and $144 million for the three and six months ended June 30, 2015, respectively. 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 $13 million and $21 million for the three and six months ended June 30, 2016, respectively, and $15 million and $23 million for the three and six months ended June 30, 2015, respectively. 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
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016 (a)
 
2015 (b)
 
2016 (c)
 
2015 (d)
Real Estate Franchise Services
$
149

 
$
146

 
$
241

 
$
232

Company Owned Real Estate Brokerage Services
78

 
97

 
57

 
81

Relocation Services
29

 
29

 
34

 
36

Title and Settlement Services
26

 
20

 
26

 
17

Corporate and Other (e)
(19
)
 
(27
)
 
(40
)
 
(43
)
Total Company
$
263

 
$
265

 
$
318

 
$
323

Less:
 
 
 
 
 
 
 
Depreciation and amortization
$
48

 
$
52

 
$
96

 
$
98

Interest expense, net
59

 
50

 
132

 
118

Income tax expense
64

 
66

 
40

 
42

Net income attributable to Realogy Holdings and Realogy Group
$
92

 
$
97

 
$
50

 
$
65


_______________
(a)
Includes $12 million of restructuring charges as follows: $3 million in the Real Estate Franchise Services segment, $7 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $1 million in Corporate and Other for the three months ended June 30, 2016.
(b)
Includes a net benefit of $1 million of former parent legacy items for the three months ended June 30, 2015.
(c)
Includes $21 million of restructuring charges as follows: $3 million in the Real Estate Franchise Services segment, $9 million in the Company Owned Real Estate Brokerage Services segment, $3 million in the Relocation Services segment and $6 million in Corporate and Other, and a net cost of $1 million of former parent legacy items included in Corporate and Other for the six months ended June 30, 2016.
(d)
Includes a net benefit of $1 million of former parent legacy items for the six months ended June 30, 2015.
(e)
Includes the elimination of transactions between segments.