XML 46 R28.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Segment Reporting [Abstract] |
Revenues |
| Revenues (a) (b)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Real Estate Franchise Services | $ | 221 |  |  | $ | 224 |  |  | $ | 634 |  |  | $ | 631 |
Company Owned Real Estate Brokerage Services | 1,268 |  |  | 1,267 |  |  | 3,593 |  |  | 3,556 |
Relocation Services | 108 |  |  | 111 |  |  | 292 |  |  | 290 |
Title and Settlement Services | 162 |  |  | 154 |  |  | 444 |  |  | 431 |
Corporate and Other (c) | (83 | ) |  | (82 | ) |  | (238 | ) |  | (238 | )
Total Company | $ | 1,676 |  |  | $ | 1,674 |  |  | $ | 4,725 |  |  | $ | 4,670 |
_______________
(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 $83 million and $238 million for the three and nine months ended September 30, 2018, respectively, and $82 million and $238 million for the three and nine months ended September 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 $10 million and $30 million for the three and nine months ended September 30, 2018, respectively, and $11 million and $31 million for the three and nine months ended September 30, 2017, 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.
Operating EBITDA |
| Operating EBITDA
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2018 |  | 2017 |  | 2018 |  | 2017 (a)
Real Estate Franchise Services | $ | 161 |  |  | $ | 159 |  |  | $ | 439 |  |  | $ | 428 |
Company Owned Real Estate Brokerage Services (b) | 43 |  |  | 64 |  |  | 59 |  |  | 121 |
Relocation Services | 39 |  |  | 37 |  |  | 72 |  |  | 65 |
Title and Settlement Services | 20 |  |  | 21 |  |  | 45 |  |  | 49 |
Corporate and Other (c) | (21 | ) |  | (23 | ) |  | (63 | ) |  | (75 | )
Total Company | $ | 242 |  |  | $ | 258 |  |  | $ | 552 |  |  | $ | 588 |
Less: Depreciation and amortization (d) | $ | 49 |  |  | $ | 51 |  |  | $ | 148 |  |  | $ | 150 |
Interest expense, net | 41 |  |  | 41 |  |  | 120 |  |  | 127 |
Income tax expense | 40 |  |  | 67 |  |  | 73 |  |  | 131 |
Restructuring costs, net (e) | 9 |  |  | 2 |  |  | 45 |  |  | 9 |
Former parent legacy cost (benefit) (f) | — |  |  | 1 |  |  | — |  |  | (10 | )
Loss on the early extinguishment of debt (f) | — |  |  | 1 |  |  | 7 |  |  | 5 |
Net income attributable to Realogy Holdings and Realogy Group | $ | 103 |  |  | $ | 95 |  |  | $ | 159 |  |  | $ | 176 |
_______________
(a) | Includes an $8 million expense related to the settlement of the Strader legal matter in Corporate and Other.
(b) | NRT Operating EBITDA includes $12 million and $8 million of equity earnings from PHH Home Loans for the three and nine months ended September 30, 2017.
(c) | Includes the elimination of transactions between segments.
(d) | Depreciation and amortization for the nine months ended September 30, 2018 includes $2 million of amortization expense and for both the three and nine months ended September 30, 2017 includes $1 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.
(e) | The three months ended September 30, 2018 includes restructuring charges of $1 million in the Real Estate Franchise Services and $8 million in the Company Owned Real Estate Brokerage Services segment.
The three months ended September 30, 2017 includes restructuring charges of $2 million in the Company Owned Real Estate Brokerage Services segment. The nine months ended September 30, 2018 includes restructuring charges of $3 million in the Real Estate Franchise Services segment, $29 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 nine months ended September 30, 2017 includes restructuring charges of $1 million in the Real Estate Franchise Services segment and $8 million in the Company Owned Real Estate Brokerage Services segment.
(f) | Former parent legacy items and loss on the early extinguishment of debt are recorded in the Corporate and Other segment.

X
- Definition Reconciliation of Earnings Before Interest, Taxes, Depreciation and Amortization, Restructuring, Legacy Items and Loss on Early Extinguishment of Debt from Segments to Consolidated Net Income [Table Text Block] + References No definition available. + Details
Name: | rlgy_ReconciliationofEarningsBeforeInterestTaxesDepreciationandAmortizationRestructuringLegacyItemsandLossonEarlyExtinguishmentofDebttoConsolidatedNetIncomeTableTextBlock
Namespace Prefix: | rlgy_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration