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Segment Information
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Real Estate Franchise Services
$
215

 
$
214

 
$
593

 
$
578

Company Owned Real Estate Brokerage Services
1,231

 
1,267

 
3,340

 
3,352

Relocation Services
116

 
124

 
308

 
317

Title and Settlement Services
164

 
147

 
424

 
362

Corporate and Other (c)
(82
)
 
(84
)
 
(225
)
 
(228
)
Total Company
$
1,644

 
$
1,668

 
$
4,440

 
$
4,381

_______________
 
 
(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 $82 million and $225 million for the three and nine months ended September 30, 2016, respectively, and $84 million and $228 million for the three and nine months ended September 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 $12 million and $33 million for the three and nine months ended September 30, 2016, respectively, and $16 million and $39 million for the three and nine months ended September 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 September 30,
 
Nine Months Ended September 30,
 
2016 (a)
 
2015 (b)
 
2016 (c)
 
2015 (d)
Real Estate Franchise Services
$
153

 
$
152

 
$
394

 
$
384

Company Owned Real Estate Brokerage Services
74

 
96

 
131

 
177

Relocation Services
40

 
47

 
74

 
83

Title and Settlement Services
23

 
20

 
49

 
37

Corporate and Other (e)
(20
)
 
(6
)
 
(60
)
 
(49
)
Total Company
$
270

 
$
309

 
$
588

 
$
632

Less:
 
 
 
 
 
 
 
Depreciation and amortization
$
53

 
$
55

 
$
149

 
$
153

Interest expense, net
37

 
70

 
169

 
188

Income tax expense
74

 
74

 
114

 
116

Net income attributable to Realogy Holdings and Realogy Group
$
106

 
$
110

 
$
156

 
$
175


_______________
(a)
Includes $9 million of restructuring charges as follows: $1 million in the Real Estate Franchise Services segment, $6 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $1 million in Title and Settlement Services segment for the three months ended September 30, 2016.
(b)
Includes a net benefit of $14 million of former parent legacy items for the three months ended September 30, 2015.
(c)
Includes $30 million of restructuring charges as follows: $4 million in the Real Estate Franchise Services segment, $15 million in the Company Owned Real Estate Brokerage Services segment, $4 million in the Relocation Services segment, $1 million in Title and Settlement 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 nine months ended September 30, 2016.
(d)
Includes a net benefit of $15 million of former parent legacy items for the nine months ended September 30, 2015.
(e)
Includes the elimination of transactions between segments.