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Note 15. Equity (Deficit) Equity (Deficit) (Notes)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]
EQUITY
Changes in Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive losses are as follows:
 
Currency Translation Adjustments (1)
 
Minimum Pension Liability Adjustment
 
Accumulated Other Comprehensive Loss (2)
Balance at January 1, 2014
$
2

 
$
(21
)
 
$
(19
)
Other comprehensive loss before reclassifications
(4
)
 
(24
)
 
(28
)
Amounts reclassified from accumulated other comprehensive income

 
1

(3)
1

Income tax benefit
2

 
9

 
11

Current period change
(2
)
 
(14
)
 
(16
)
Balance at December 31, 2014

 
(35
)
 
(35
)
Other comprehensive income (loss) before reclassifications
(4
)
 
1

 
(3
)
Amounts reclassified from accumulated other comprehensive income

 
2

(3)
2

Income tax (expense) benefit
1

 
(1
)
 

Current period change
(3
)
 
2

 
(1
)
Balance at December 31, 2015
(3
)
 
(33
)
 
(36
)
Other comprehensive loss before reclassifications
(5
)
 
(3
)
 
(8
)
Amounts reclassified from accumulated other comprehensive income

 
1

(3)
1

Income tax benefit
2

 
1

 
3

Current period change
(3
)
 
(1
)
 
(4
)
Balance at December 31, 2016
$
(6
)
 
$
(34
)
 
$
(40
)
_______________
(1)
Assets and liabilities of foreign subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the balance sheet dates and equity accounts are translated at historical spot rates. Revenues and expenses are translated at average exchange rates during the periods presented. The gains or losses resulting from translating foreign currency financial statements into U.S. dollars are included in accumulated other comprehensive income (loss). Gains or losses resulting from foreign currency transactions are included in the Consolidated Statement of Operations.
(2)
As of December 31, 2016, the Company does not have any after-tax components of accumulated other comprehensive loss attributable to noncontrolling interests.
(3)
These amounts represent the amortization of actuarial loss to periodic pension cost and were reclassified from accumulated other comprehensive income to the general and administrative expenses line on the statement of operations.
Dividend Policy
In August 2016, the Company’s Board of Directors approved the initiation of a quarterly cash dividend policy of $0.09 per share and paid cash dividends in August and December 2016, returning $26 million to stockholders.
Pursuant to the Company’s policy, the dividends payable in cash are treated as a reduction of additional paid-in capital since the Company is currently in an accumulated deficit position.
The declaration and payment of any future dividend will be subject to the discretion of the Board of Directors and will depend on a variety of factors, including the Company’s financial condition and results of operations, contractual restrictions, including restrictive covenants contained in the Company’s credit agreements, and the indentures governing the Company’s outstanding debt securities, capital requirements and other factors that the Board of Directors deems relevant.
Realogy Group Statements of Equity for the years ended December 31, 20162015 and 2014
Total equity for Realogy Group equals that of Realogy Holdings, but the components, common stock and additional paid-in capital are different. The table below presents information regarding the balances and changes in common stock and additional paid-in capital of Realogy Group for each of the three years ended December 31, 2016, 2015 and 2014.
 
Realogy Group Stockholder’s Equity
 
 
 
 
 
Common Stock
 
Additional
Paid-In
Capital
 
Accumulated
Deficit
 
Accumulated Other Comprehensive Loss
 
Non-
controlling
Interests
 
Total
Equity
 
Shares
 
Amount
 
Balance at January 1, 2014

 
$

 
$
5,636

 
$
(3,607
)
 
$
(19
)
 
$
3

 
$
2,013

Net income

 

 

 
143

 

 
4

 
147

Other comprehensive income

 

 

 

 
(16
)
 

 
(16
)
Contributions from Realogy Holdings

 

 
6

 

 

 

 
6

Stock-based compensation

 

 
36

 

 

 

 
36

Dividends

 

 

 

 

 
(4
)
 
(4
)
Capital contributions from noncontrolling interests

 

 

 

 

 
1

 
1

Balance at December 31, 2014

 
$

 
$
5,678

 
$
(3,464
)
 
$
(35
)
 
$
4

 
$
2,183

Net income

 

 

 
184

 

 
4

 
188

Other comprehensive income

 

 

 

 
(1
)
 

 
(1
)
Contributions from Realogy Holdings

 

 
5

 

 

 

 
5

Stock-based compensation

 

 
51

 

 

 

 
51

Dividends

 

 

 

 

 
(4
)
 
(4
)
Balance at December 31, 2015

 
$

 
$
5,734

 
$
(3,280
)
 
$
(36
)
 
$
4

 
$
2,422

Cumulative effect of adoption of FASB ASC 718 - Stock Compensation

 

 

 
5

 

 

 
5

Net income

 

 

 
213

 

 
4

 
217

Other comprehensive income

 

 

 

 
(4
)
 

 
(4
)
Repurchase of Common Stock

 

 
(195
)
 

 

 

 
(195
)
Contributions from Realogy Holdings

 

 
2

 

 

 

 
2

Stock-based compensation

 

 
51

 

 

 

 
51

Dividends

 

 
(26
)
 

 

 
(3
)
 
(29
)
Balance at December 31, 2016

 
$

 
$
5,566

 
$
(3,062
)
 
$
(40
)
 
$
5

 
$
2,469