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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Gross commission income $ 1,374 $ 1,251 $ 2,255 $ 2,077
Service revenue 255 252 449 442
Franchise fees 110 104 185 173
Other 54 55 107 104
Net revenues [1],[2] 1,793 1,662 2,996 2,796
Expenses        
Commission and other agent-related costs 970 864 1,575 1,422
Operating 385 391 768 758
Marketing 70 65 132 123
General and administrative 98 70 187 156
Former parent legacy cost, net (11) 0 (11) 1
Restructuring costs 2 12 7 21
Depreciation and amortization 49 [3] 48 [4] 99 [5] 96 [6]
Interest expense, net 47 [3] 59 [4] 86 [5] 132 [6]
Loss on the early extinguishment of debt [3] 0 0 4 0
Total expenses 1,610 1,509 2,847 2,709
Income before income taxes, equity in (earnings) losses and noncontrolling interests 183 153 149 87
Income tax expense 73 [3] 64 [4] 64 [5] 40 [6]
Equity in (earnings) losses of unconsolidated entities 0 (5) 3 (5)
Net income 110 94 82 52
Less: Net income attributable to noncontrolling interests (1) (2) (1) (2)
Net income attributable to Realogy Holdings and Realogy Group $ 109 [3] $ 92 [4] $ 81 [5] $ 50 [6]
Earnings per share attributable to Realogy Holdings:        
Basic earnings per share $ 0.79 $ 0.63 $ 0.58 $ 0.34
Diluted earnings per share $ 0.78 $ 0.63 $ 0.58 $ 0.34
Weighted average common and common equivalent shares of Realogy Holdings outstanding:        
Basic 137.6 145.5 138.6 146.0
Diluted 138.9 146.7 139.9 147.2
Cash dividends declared per share (beginning in August 2016) $ 0.09 $ 0.00 $ 0.18 $ 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 $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.
[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 $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.
[3] 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.
[4] 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.
[5] 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.
[6] 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.