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Segment Information | 6 Months Ended
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Jun. 30, 2017
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 June 30, |  | Six Months Ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Real Estate Franchise Services | $ | 237 |  |  | $ | 221 |  |  | $ | 407 |  |  | $ | 378 |
Company Owned Real Estate Brokerage Services | 1,392 |  |  | 1,268 |  |  | 2,289 |  |  | 2,109 |
Relocation Services | 102 |  |  | 109 |  |  | 179 |  |  | 192 |
Title and Settlement Services | 157 |  |  | 149 |  |  | 277 |  |  | 260 |
Corporate and Other (c) | (95 | ) |  | (85 | ) |  | (156 | ) |  | (143 | )
Total Company | $ | 1,793 |  |  | $ | 1,662 |  |  | $ | 2,996 |  |  | $ | 2,796 |
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(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 $95 million and $156 million for the three and six months ended June 30, 2017, respectively, and $85 million and $143 million for the three and six months ended June 30, 2016, 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 $20 million for the three and six months ended June 30, 2017, respectively, and $13 million and $21 million for the three and six months ended June 30, 2016, 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 June 30, |  | Six Months Ended June 30,
| 2017 (a) |  | 2016 (b) |  | 2017 (c) |  | 2016 (d)
Real Estate Franchise Services | $ | 166 |  |  | $ | 149 |  |  | $ | 268 |  |  | $ | 241 |
Company Owned Real Estate Brokerage Services | 77 |  |  | 78 |  |  | 51 |  |  | 57 |
Relocation Services | 27 |  |  | 29 |  |  | 28 |  |  | 34 |
Title and Settlement Services | 26 |  |  | 26 |  |  | 28 |  |  | 26 |
Corporate and Other (e) | (18 | ) |  | (19 | ) |  | (45 | ) |  | (40 | )
Total Company | $ | 278 |  |  | $ | 263 |  |  | $ | 330 |  |  | $ | 318 |
Less: |  |  |  |  |  |  |
Depreciation and amortization | $ | 49 |  |  | $ | 48 |  |  | $ | 99 |  |  | $ | 96 |
Interest expense, net | 47 |  |  | 59 |  |  | 86 |  |  | 132 |
Income tax expense | 73 |  |  | 64 |  |  | 64 |  |  | 40 |
Net income attributable to Realogy Holdings and Realogy Group | $ | 109 |  |  | $ | 92 |  |  | $ | 81 |  |  | $ | 50 |
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(a) | Includes a net benefit of $11 million of former parent legacy items and an $8 million expense related to the settlement of the Strader legal matter in Corporate and Other, and $2 million of restructuring charges as follows: $1 million in the Company Owned Real Estate Brokerage Services segment and $1 million in the Real Estate Franchise Services segment for the three months ended June 30, 2017.
(b) | 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.
(c) | Includes a net benefit of $11 million of former parent legacy items, an $8 million expense related to the settlement of the Strader legal matter and $4 million related to the loss on the early extinguishment of debt in Corporate and Other, and $7 million of restructuring charges as follows: $6 million in the Company Owned Real Estate Brokerage Services segment and $1 million in the Real Estate Franchise Services segment for the six months ended June 30, 2017.
(d) | 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 in Corporate and Other for the six months ended June 30, 2016.
(e) | Includes the elimination of transactions between segments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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