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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Revenues
 
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

_______________
 
 
(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
 
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


_______________
(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.