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Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Revenues
 
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
 
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.