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Segment Information | 6 Months Ended
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Jun. 30, 2018
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 Operating EBITDA. Operating EBITDA is defined by us as net income (loss) before depreciation and amortization, interest expense, net (other than relocation services interest for securitization assets and securitization obligations), income taxes, and other items that are not core to the operating activities of the Company such as restructuring charges, former parent legacy items, losses on the early extinguishment of debt, asset impairments, gains or losses on discontinued operations and gains or losses on the sale of investments or other assets. The Company’s presentation of Operating 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,
| 2018 |  | 2017 |  | 2018 |  | 2017
Real Estate Franchise Services | $ | 237 |  |  | $ | 237 |  |  | $ | 413 |  |  | $ | 407 |
Company Owned Real Estate Brokerage Services | 1,408 |  |  | 1,392 |  |  | 2,325 |  |  | 2,289 |
Relocation Services | 105 |  |  | 102 |  |  | 184 |  |  | 179 |
Title and Settlement Services | 162 |  |  | 157 |  |  | 282 |  |  | 277 |
Corporate and Other (c) | (92 | ) |  | (95 | ) |  | (155 | ) |  | (156 | )
Total Company | $ | 1,820 |  |  | $ | 1,793 |  |  | $ | 3,049 |  |  | $ | 2,996 |
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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 $92 million and $155 million for the three and six months ended June 30, 2018, respectively, and $95 million and $156 million for the three and six months ended June 30, 2017, 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 both the three and six months ended June 30, 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.
(c) | Includes the elimination of transactions between segments.
| Operating EBITDA
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 (a) |  | 2018 |  | 2017 (a)
Real Estate Franchise Services | $ | 173 |  |  | $ | 167 |  |  | $ | 278 |  |  | $ | 269 |
Company Owned Real Estate Brokerage Services | 61 |  |  | 78 |  |  | 16 |  |  | 57 |
Relocation Services | 34 |  |  | 27 |  |  | 33 |  |  | 28 |
Title and Settlement Services | 31 |  |  | 26 |  |  | 25 |  |  | 28 |
Corporate and Other (b) | (23 | ) |  | (29 | ) |  | (42 | ) |  | (52 | )
Total Company | $ | 276 |  |  | $ | 269 |  |  | $ | 310 |  |  | $ | 330 |
Less: Depreciation and amortization (c) | $ | 49 |  |  | $ | 49 |  |  | $ | 99 |  |  | $ | 99 |
Interest expense, net | 46 |  |  | 47 |  |  | 79 |  |  | 86 |
Income tax expense | 52 |  |  | 73 |  |  | 33 |  |  | 64 |
Restructuring costs, net (d) | 6 |  |  | 2 |  |  | 36 |  |  | 7 |
Former parent legacy benefit (e) | — |  |  | (11 | ) |  | — |  |  | (11 | )
Loss on the early extinguishment of debt (e) | — |  |  | — |  |  | 7 |  |  | 4 |
Net income attributable to Realogy Holdings and Realogy Group | $ | 123 |  |  | $ | 109 |  |  | $ | 56 |  |  | $ | 81 |
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(a) | Includes an $8 million expense related to the settlement of the Strader legal matter in Corporate and Other.
(b) | Includes the elimination of transactions between segments.
(c) | Depreciation and amortization for the six months ended June 30, 2018 includes $2 million of amortization expense related to Guaranteed Rate Affinity's purchase accounting included in the "Equity in (earnings) losses of unconsolidated entities" line on the Condensed Consolidated Statement of Operations.
(d) | The three months ended June 30, 2018 includes restructuring charges of $4 million in the Company Owned Real Estate Brokerage Services segment, $1 million in the Relocation Services segment and $1 million at Title and Settlement Services segment.
The three months ended June 30, 2017 includes restructuring charges of $1 million in the Real Estate Franchise Services segment and $1 million in the Company Owned Real Estate Brokerage Services segment. The six months ended June 30, 2018 includes restructuring charges of $2 million in the Real Estate Franchise Services segment, $21 million in the Company Owned Real Estate Brokerage Services segment, $9 million in the Relocation Services segment, $2 million at Title and Settlement Services segment and $2 million in the Corporate and Other segment. The six months ended June 30, 2017 includes restructuring charges of $1 million in the Real Estate Franchise Services segment and $6 million in the Company Owned Real Estate Brokerage Services segment.
(e) | Former parent legacy items and loss on the early extinguishment of debt are recorded in the Corporate and Other segment.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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