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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Gross commission income $ 1,211 $ 1,251 $ 3,288 $ 3,310
Service revenue 273 265 715 664
Franchise fees 107 103 280 269
Other 53 49 157 138
Net revenues [1],[2] 1,644 1,668 4,440 4,381
Expenses        
Commission and other agent-related costs 834 855 2,256 2,262
Operating 400 381 1,158 1,089
Marketing 58 56 181 171
General and administrative 78 85 234 255
Former parent legacy costs (benefit), net 0 (14) 1 (15)
Restructuring costs 9 0 30 0
Depreciation and amortization 53 [3] 55 [4] 149 [5] 153 [6]
Interest expense, net 37 [3] 70 [4] 169 [5] 188 [6]
Other income, net (1) (2) (1) (3)
Total expenses 1,468 1,486 4,177 4,100
Income before income taxes, equity in earnings and noncontrolling interests 176 182 263 281
Income tax expense 74 [3] 74 [4] 114 [5] 116 [6]
Equity in earnings of unconsolidated entities (5) (4) (10) (13)
Net income 107 112 159 178
Less: Net income attributable to noncontrolling interests (1) (2) (3) (3)
Net income attributable to Realogy Holdings and Realogy Group $ 106 [3] $ 110 [4] $ 156 [5] $ 175 [6]
Earnings per share attributable to Realogy Holdings:        
Basic earnings per share $ 0.74 $ 0.75 $ 1.07 $ 1.19
Diluted earnings per share $ 0.73 $ 0.74 $ 1.06 $ 1.18
Weighted average common and common equivalent shares of Realogy Holdings outstanding:        
Basic 144.0 146.6 145.4 146.5
Diluted 145.1 148.1 146.6 148.0
Cash dividends declared per share (beginning in August 2016) $ 0.09 $ 0.00 $ 0.09 $ 0.00
[1] 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.
[2] 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.
[3] 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.
[4] Includes a net benefit of $14 million of former parent legacy items for the three months ended September 30, 2015.
[5] 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.
[6] Includes a net benefit of $15 million of former parent legacy items for the nine months ended September 30, 2015.