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Earnings Per Share Earnings Per Share (Notes)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
9.     EARNINGS PER SHARE
Earnings per share attributable to Realogy Holdings
Basic earnings per share is computed based on net income attributable to Realogy Holdings stockholders divided by the basic weighted-average shares outstanding during the period. Dilutive earnings per share is computed consistently with the basic computation while giving effect to all dilutive potential common shares and common share equivalents that were outstanding during the period. Realogy Holdings uses the treasury stock method to reflect the potential dilutive effect of unvested stock awards and unexercised options. The following table sets forth the computation of basic and diluted earnings per share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in millions, except per share data)
2016
 
2015
 
2016
 
2015
Net income attributable to Realogy Holdings shareholders
$
106

 
$
110

 
$
156

 
$
175

Basic weighted average shares
144.0

 
146.6

 
145.4

 
146.5

Stock options, restricted stock, restricted stock units and performance share units (a)
1.1

 
1.5

 
1.2

 
1.5

Weighted average diluted shares
145.1

 
148.1

 
146.6

 
148.0

Earnings Per Share:
 
 
 
 
 
 
 
Basic
$
0.74

 
$
0.75

 
$
1.07

 
$
1.19

Diluted
$
0.73

 
$
0.74

 
$
1.06

 
$
1.18

_______________ 
(a)
The three and nine months ended September 30, 2016 respectively exclude 5.2 million and 5.1 million shares of common stock issuable for incentive equity awards, which include performance share units based on the achievement of target amounts that are anti-dilutive to the diluted earnings per share computation. The three and nine months ended September 30, 2015 respectively exclude 3.6 million and 3.7 million shares of common stock issuable for incentive equity awards, which include performance share units based on the achievement of target amounts that are anti-dilutive to the diluted earnings per share computation.
In February 2016, the Company's Board of Directors authorized a share repurchase program of up to $275 million of the Company’s common stock. From the date of authorization through September 30, 2016, the Company repurchased and retired 4.5 million shares of common stock for $134 million at a weighted average market price of $29.49 per share. The purchase of shares under this plan reduces the weighted-average number of shares outstanding in the basic earnings per share calculation.