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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Revenues
 
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

_______________
 
 
(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
 
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


_______________
(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.