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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Gross commission income [1] $ 902 $ 881 [2]
Service revenue [3] 197 194 [2]
Franchise fees [4] 79 75 [2]
Other [5] 51 53 [2]
Net revenues [6],[7] 1,229 1,203 [2]
Expenses    
Commission and other agent-related costs 645 605
Operating 392 383
Marketing 67 62
General and administrative 89 89
Restructuring costs, net 30 5 [8]
Depreciation and amortization 48 [9] 50 [10]
Interest expense, net 33 [9] 39
Loss on the early extinguishment of debt [11] 7 4
Total expenses 1,311 1,237
Loss before income taxes, equity in losses and noncontrolling interests (82) (34)
Income tax benefit (19) [9] (9)
Equity in losses of unconsolidated entities 4 3
Net loss (67) (28)
Less: Net income attributable to noncontrolling interests 0 0
Net loss attributable to Realogy Holdings and Realogy Group $ (67) $ (28)
Loss per share attributable to Realogy Holdings:    
Basic loss per share $ (0.51) $ (0.20)
Diluted loss per share $ (0.51) $ (0.20)
Weighted average common and common equivalent shares of Realogy Holdings outstanding:    
Basic 130.3 139.7
Diluted 130.3 139.7
Cash dividends declared per share $ 0.09 $ 0.09
[1] During both the three months ended March 31, 2018 and March 31, 2017, approximately 74% of the Company's total net revenues, related to gross commission income at the Company Owned Brokerage Services segment which is recognized at a point in time at the closing of a homesale transaction.
[2] Prior period amounts have not been adjusted under the modified retrospective method.
[3] During both the three months ended March 31, 2018 and March 31, 2017, approximately 16% of the Company's total net revenues related to service fees primarily consisting of title and escrow fees at the Title and Settlement Services segment (10%), which are recognized at a point in time at the closing of a homesale transaction, and relocation fees at the Relocation Services segment (6%), which are recognized as revenue when or as the related performance obligation is satisfied, which is dependent on the type of service performed. Relocation fees at the Relocation Services segment primarily include: (i) referral fees which are recognized at a point in time at the closing of a homesale transaction, (ii) outsourcing fees, which are management fees charged to clients frequently related to a bundle of relocation services performed and are recognized over the average time period to complete a move, and (iii) referral commissions from third party suppliers which are recognized at the time of the completion of the related service.
[4] During both the three months ended March 31, 2018 and March 31, 2017, approximately 6% of the Company's total net revenues related to franchise fees at the Real Estate Franchise Services segment, primarily domestic royalties, which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[5] During both the three months ended March 31, 2018 and March 31, 2017, approximately 4% of the Company's total net revenues related to other revenue which comprised of brand marketing funds received at the Real Estate Franchise Services segment from franchisees and other miscellaneous revenues across all of the business segments.
[6] Revenues for the Relocation Services segment include intercompany referral commissions paid by the Company Owned Real Estate Brokerage Services segment of $8 million for both the three months ended March 31, 2018 and 2017. Such amounts are recorded as contra-revenues by the Company Owned Real Estate Brokerage Services segment. There are no other material intersegment transactions.
[7] 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 $63 million and $61 million for the three months ended March 31, 2018 and 2017, respectively. Such amounts are eliminated through the Corporate and Other line.
[8] Includes restructuring charges of $2 million in the Real Estate Franchise Services segment, $17 million in the Company Owned Real Estate Brokerage Services segment, $8 million in the Cartus segment, $1 million at Title and Settlement Services segment and $2 million in Corporate and Other for the three months ended March 31, 2018. Includes restructuring charges of $5 million in the Company Owned Real Estate Brokerage Services segment for the three months ended March 31, 2017.
[9] Includes the elimination of transactions between segments.
[10] Depreciation and amortization for the three months ended March 31, 2018 includes $2 million of amortization expense related to Guaranteed Rate Affinity's purchase accounting included in the "Equity in losses of unconsolidated entities" line on the Condensed Consolidated Statement of Operations.
[11] Loss on the early extinguishment of debt is recorded in the Corporate and Other segment.